From the mid-1990s on, the booming stockmarket has provided even more money, both directly (as university endowments grew at a double-digit rate) and indirectly (as alumni with swelling portfolios began to feel more generous).

ECONOMIST: University education

Fingolimod has side effects that include reduced heart rate on the first day of dosing and, in rare cases, swelling in the eye, but the benefits of the drug outweighed the risks, the staff report said.

WSJ: How One MS Drug Got Its Start in Chinese Folklore