Business & Entrepreneurship

American Pharoah captured America’s collective heart at the Belmont Stakes this weekend, galloping his way to the first Triple Crown in 37 years. With the June 6 victory, his value is estimated at $30 million. But the winning doesn’t stop there. Patrick Rishe, PhD, director of the Sports Business Program in the Olin Business School, breaks down the future earning potential of the thoroughbred.

Several key provisions of the Patriot Act ended this week, after the Senate let them expire. As a result, the National Security Agency has, at least temporarily, halted the bulk data collection program used to amass phone data for millions of Americans. Neil Richards, JD, professor of law at Washington University in St. Louis and one of the country’s foremost academic experts on privacy law, said the fact that expiration of these powers hasn’t provoked mass outrage shows Americans deeply value privacy.

This week, a federal appeals court panel decided against allowing President Barack Obama’s controversial immigration plan to go into effect immediately, pending a review of the merits of the plan in July. While the court’s decision is a temporary setback, it’s still possible that the government could win the overall appeal, said Washington University in St. Louis immigration expert Stephen H. Legomsky.

​​As the international sporting world reacts to allegations of criminal misconduct by top officials of FIFA, the international soccer governing body, a flood of questions are surfacing about potential, long-term ramifications for what is arguably the world’s most popular sport. Patrick Rishe, PhD, director of the Sports Business Program in the Olin Business School, believes the United States could ultimately benefit from the outcome of the investigation.​

​Americans are generally a pretty happy bunch, according to a new study that aims to further our collective understanding of happiness and its root causes. Lamar Pierce, PhD, associate professor of organization and strategy in the Olin Business School, helped lead the research.​

​IdealTap, a medical device that would make spinal taps easier and more efficient for the patient and physician, has won $25,000 in cash in the 2015 Discovery Competition in the School of Engineering & Applied Science.

More than 50 international organizations and global experts signed The Hague Declaration on Knowledge Discovery in the Digital Age May 6. The declaration calls for immediate changes to intellectual property (IP) law and the removal of other barriers preventing larger and more equal access to data. The document is based in part on the work of Neil Richards, JD, professor of law. Richards is a noted expert on data ethics and intellectual freedom and has published widely on issues related to privacy in the digital age.

​New research from the Olin Business School at Washington University in St. Louis shows that short sellers actually have more insight into the stock market than some might think.​

International executives are ready to hit the ground running as the inaugural class of the Indian Institute of Technology Bombay (IIT Bombay) and Washington University in St. Louis joint Executive MBA program. An intensive residency focusing on leadership and management began April 22 in Mumbai for the inaugural first cohort.

Five teams focused on serving children and youth recently won the 10th annual YouthBridge Social Enterprise and Innovation Competition (SEIC). Hosted by the Skandalaris Center for Interdisciplinary Innovation and Entrepreneurship at Washington University in St. Louis in partnership with the YouthBridge Community Foundation, the competition also receives support from the Lutheran Foundation of St. Louis and the Daughters of Charity Foundation of St. Louis.