Business & Entrepreneurship

The business of sports, said Joseph S. Lacob (left), co-executive chairman and CEO of the NBA’s Golden State Warriors, isn’t just fun and games. Future successful sports industry leaders must be innovative thinkers with a solid foundational business background, like the new minor in the business of sports at Olin Business School, a program he is helping launch with a $1 million gift.

This week’s announcement that HBO will begin offering new video streaming service without a cable subscription is likely to have significant impact on the television industry. And the ripple effect could happen fast, according to Raphael Thomadsen, PhD, associate professor of marketing in Olin Business School at Washington University in St. Louis.

Recent revelations that NBC News’ chief medical correspondent violated an Ebola quarantine after returning from Africa, and that a Dallas health care worker infected with the virus boarded a commercial jet have focused the nation’s attention on Ebola and what can be done to protect citizens. While measures like quarantine do restrict the freedom of exposed individuals, they do so to protect the public’s health, says a Washington University in St. Louis expert on biomedical ethics.

With the support of a major gift, Washington University in St. Louis introduces new BSBA minor, The Business of Sports, in the Olin Business School.

Pharmaceutical companies have largely abandoned the business of discovering and developing antibiotics and our stock of these “miracle drugs” is beginning to shrink. Michael Kinch and his colleagues at Washington University in St. Louis are working to create new models for drug discovery that could replace the failed private enterprise model.

Several “blockbuster” cases — including freedom of speech, religious freedoms in prison, pregnancy discrimination and a possible decision on gay marriage — are on the docket for the Supreme Court, which begins its new session this month. But don’t expect any decisions until next June. New research led by the School of Law finds big cases are disproportionately decided just before the court’s summer recess.

​Presented by the Skandalaris Center for Entrepreneurial Studies, the Suren G. Dutia and Jas K. Grewal Global Impact Award was established last year in the belief that the power of technology can solve real world problems by giving highly motivated entrepreneurs the tools to foster innovation. ​The first recipient will be selected from a field of six outstanding finalists at an Oct. 6 reception.​​

Over the past several decades, Michael Kinch of Washington University in St. Louis says, the pharmaceutical industry has managed to dismantle itself. In a provocative series of articles and interviews, Kinch, the director of the Center for Research Innovation in Businessat the university, has been describing the history of this dismantling and its implications for the future of medicine.

The U.S. Treasury Department has taken action to curb corporate tax inversions, making it more difficult to for U.S. companies to merge with international firms and move abroad to reduce their taxes. This move attempts to combat specific abuses within a flawed framework, according to an international tax law expert at Washington University in St. Louis School of Law.

Corporate tax inversions — reincorporating overseas by transferring assets to a smaller company in a country where the corporate tax rate is lower — have become quite popular with American companies lately, forcing the Treasury Department to issue new rules aimed at curbing them. The benefit of changing a firm’s home base to lower its effective tax rate is obvious, the study, led by Radhakrishnan Gopalan of Olin Business School finds. However, the costs of inversion are not well understood.