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Melvin Gordon, Tootsie Roll CEO and Research Supporter Dies

by Matt Wood-University of Chicago News Office
Melvin Gordon, longtime CEO of Chicago-based Tootsie Roll Industries, died this week at the age of 95. He ran the candy maker for more than 50 years and never technically retired, becoming the oldest serving CEO of any business listed on either U.S. stock exchange. 

China Headed to Overtake EU, US in Science & Technology Spending

Squeezed R&D budgets in the EU, Japan and US are reducing the weight of advanced economies in science and technology research, patent applications and scientific publications and leaving China on track to be the world’s top R&D spender by around 2019, according to a new OECD report.