Matt Levine, Columnist

It’s a Good Time to Raise Vaccine Money

Also prescient hedge funds, drug competition and sentimentality.

May 19, 2020 at 4:16 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Thursday.

The basic idea of finance is that you come up with a good idea, and you need money to turn the idea into reality, and so you go to investors and ask them for money, and then you do the thing, and if it works and is good then you will get a lot of money and give some of it to the investors. There’s a lot of other stuff encrusted on top of this, and certainly it doesn’t always work out this way, but this is the basic idea.