Bank Warns Against Biotech

Credit Suisse, one of the world's largest financial advisors, recently sent out several reports warning that the progress of biotech appears doomed due to consumer concern. Analysts stated that food manufacturers are running scared of genetically engineered (GE) crops, and that key questions about the technology may not be answered for several years. These reports from Credit Suisse, whose clients include some of the world's top biotech firms, follow similar warnings by the influential Deutsche Bank in 1999.