$1 billion antibiotic venture fund launched

Antibiotic resistance is a problem. One study from Europe found that in 2015 there were 33,110 deaths attributable to antibiotic resistance; accounting for morbidity as well, antibiotic resistance lead to a a decrease of 874,541 disability-adjusted life years. CDC data show that antibiotic resistant bacteria and fungi caused 35,900 deaths in 2019, 12,800 deaths due…

More evidence that social distancing works

Kapoor et al. (2020) uses rainfall on last weekend before the stay-at-home order as an instrument for social distancing. variables. They find that social distancing works and has persistent effects, especially early on: We test whether earlier social distancing affects the progression of a local COVID-19 outbreak. We exploit county-level rainfall on the last weekend…

Does smoking make you dumb?

Perhaps the answer is ‘yes’. A paper by Gao et al. (2020) attempts to answer that question. We identify a positive causal effect of healthy working environments on corporate innovation, using the staggered passage of U.S. state-level laws that ban smoking in workplaces. We find a significant increase in patents and patent citations for firms…

COVID-19 in context

COVID-19 has caught the headlines, and for good reason. According to the WHO, there have been 109,577 confirmed cases (3993 new on 9 Mar 2020) and 3809 deaths (225 new as of 9 Mar 2020) The stock market has plunged. Sporting events have been halted all over Italy. And the rise of cases has been…