Argonautica

It was originally assumed that only those who had previously been infected by the virus and developed an antibody response had any immunity, hence the initial focus on testing for the presence of these antibodies as well as infection. However, studies of antibodies in formerly infected patients demonstrated accuracy issues which subsequently could be explained instead by the antibodies’ rapid decay in recovering patients. The often disappointingly low levels of antibodies in population samples is often used as evidence…

Frauds often have powerful counter-narratives. When Wirecard went straight from a DAX-30 €12bn capitalisation to insolvency in June, we wondered not only why it had taken so long for the auditor to seek confirmation of cash balances but why so many investors had been hoodwinked for so long by its empty claims to have been a legitimate player at the epicentre of the digital payments industry. We had also long been inclined to believe that $4bn FTSE-100 member NMC Healthcare’s management had been siphoning off shareholders’ assets…