As to the study, in order to determine the impact advance info can have on share prices, the researchers conducted a retrospective analysis of stock prices of publicly traded pharma and biotechs.

FORBES: Why Pharma Stocks May Rise Before Trial Data Is Released

In times of uncertainty and change, policy-makers are particularly dependent upon effective intelligence collection and analysis, which must seek to identify threats to American security as well as opportunities to advance U.S. interests.

CENTERFORSECURITYPOLICY: US-Soviet Relations