3rd largest chemical company will (likely) file for bankruptcy according to WSJ.
Well, this is another bad new for chemical industry after (Dutch lay off 5% workfore and Dow lay off 5000, BASF also layoff ). I see this is a good news for Biotech. I see a lot of chemists (hard core good chemists - not the fuzzy biological chemist, like myself) will move to biotech. They will infuse a new idea and prospective.
If biotech can maintain their position in the economy right now ( good sector relatively speaking). They are going to be the first sector to rebound after this down turn.
