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And don't miss David Fickling on the ongoing rot at Noble Group: "... commodity traders are famous for their ability to run on little more than a contacts book and an internet connection. While there are assets left to match Noble's pile of liabilities, its lenders have little to gain from pushing it into default."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the author of this story: Max Nisen in New York at mnisen@bloomberg.net.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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