We find out how investor returns are dictating the nature of pharmaceutical research. Martin Hall is a neuropharmacologist and pharmacist who led a Cambridge research centre and is now at Hardman and Co, and explains how pharmaceutical giants focus on drugs with the biggest returns. Carl Sterritt is co-founder and chief executive of Shield Therapeutics, which has a promising iron tablet in the pipeline, and tells us about the challenges of bringing a drug to market. And Neil Clark, chief executive of Destiny Pharma discusses what he sees as the most promising avenues for drug development. Also in the programme, the UK government is intervening in the US takeover of British defence and aerospace firm, Cobham. Guy Anderson from Jane's Defence considers how likely it is that the sale will actually be blocked. Plus our correspondent in Switzerland reports on small scale dairy farmers' response to the Intergovernmental Panel on Climate Change urging us to cut down on dairy produce.
(Picture: An assortment of tablets. Picture credit: Getty Images.)
Update: Trump to block California emissions plan
As Donald Trump arrives in California, we talk to Kiran Stacey of the Financial Times about the President's intention to prohibit the state from setting its own vehicle emission rules. California has historically been allowed to have stricter standards, so what's behind the change? And Joe Saluzzi of Themis Trading in New Jersey brings us up to date with the day's events on Wall Street.
Would you rent your clothes?
We ask whether clothing rental could help tackle the environmental impact of fashion. Alice Wilby is a sustainable fashion expert who lectures at the Central Saint Martin's College in London, and discusses the background. Elaina Simms is chief operating officer of MyWardrobeHQ, which offers clothing rental in the UK, and tells us why they believe it's a model that could catch on. And we discuss likely consumer interest in the idea with Samantha Conti, London bureau chief of the fashion industry's trade journal, Women's Wear Daily. Also in the programme, we hear about the changes and disruption faced by farmers in Chile, who are now sharing the landscape with vast lithium mines. Plus on budget day in the Netherlands, our correspondent explains how public attitude to multinationals has contributed to tax changes.
Update: General Motors workers go on strike
All members of the United Autoworkers union at GM have gone on strike
Saudi oil output halved after attacks
Oil prices surged by 20% before settling up 10% after an attack on a Saudi oil facility. Amena Bakr of Energy Intelligence in Dubai explains what is behind the gyrations. In the face of thousands of lawsuits over its opioid painkillers, Purdue Pharma has filed for Chapter 11 bankruptcy protection. David Armstrong from the news organisation ProPublica discusses the background. Our regular workplace commentator Pilita Clarke considers what employers will do if their workers choose to join what is being billed as a global climate walkout this Friday. Plus our reporter finds out why London is in the middle of a theatre construction boom. (Picture: Damage to the Abqaiq oil facility. Picture credit: US Government.)