How to hedge BigPharma risk

Buy BigAmbochaser*.

Slater & Gordon shares jump on Merck win

Shares in plaintiff law firm Slater and Gordon Ltd jumped over two per cent after it won an action against global pharmaceutical giant Merck & Co, Inc.

* Ok, this is a stretch, but in Aus, they refer to an ambulance crew as "ambos" (in the plural form), and in Usa, they refer to plaintiff's lawyers as ambulance chasers. In each case, of course, most affectionately. Well, maybe more affectionately in Aus and less than affectionally in Usa, but you get the idea.