May 17, 2004 Vol. 82, Iss. 20

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	Table of Contents May 17, 2004 Volume 82, Number 20 p. 1
	TOP 50 U.S. CHEMICAL PRODUCERS C&EN's annual survey finds economic recovery lifting sales and profits, but a lack of deal making leaves the ranking little changed.
	COVER: Photodisc

	KILLING FAT Antiangiogenesis strategy targets fat cells and returns overfed mice to normal weight. SCRAPPED WHEAT Monsanto defers commercialization of Roundup Ready wheat. DOE SECURITY PLAN Secretary Abraham's initiatives would toughen nuclear weapons labs. CONFLICT OF INTEREST Blue-ribbon panel releases report on consulting work by NIH employees; Congress weighs in. OUTSOURCED RECYCLING The domestic recycled plastics industry is being undercut by competition from China. WELCH AWARD Allen J. Bard wins the 2004 Welch Award in Chemistry for his lifetime scientific achievements. PRESIDENTIAL AWARD Chemical engineer Christine S. Grant is honored by President Bush for excellence in mentoring. SAUDI PETROCHEMICALS Saudi Aramco and Sumitomo plan to spend $4.3 billion to build a refinery/petrochemical complex. VISA STATEMENT Science and education groups seek government action on visa problems.

	BUSINESS CONCENTRATES CHEMICAL EARNINGS First quarter sees earnings surge, production and prices increase, and demand for U.S. chemical products rise. PHARMA EARNINGS European producers trail U.S. in total sales and earnings growth. BIOTECH EARNINGS New product approvals, increased demand for therapies, and foreign sales translate into strong growth.

	GOVERNMENT CONCENTRATES ENERGY CRISIS Amid skyrocketing natural gas prices, U.S. chemical producers consider alternative fuels. INSIGHTS Restrictive clauses in university research awards undermine the success of open federal funding.

	SCIENCE/TECHNOLOGY CONCENTRATES DRUG SAFETY Predicting toxicity early in the drug development process remains a challenge. PROCESS ANALYTICAL CHEMISTRY Center celebrates 20 years of methods to improve efficiency of manufacturing processes. WATER CLUSTERS IR spectra reveal details about species that may help clarify atmospheric processes, hydrogen bonding, and other water interactions.

	Finally, Good Economic News

	LETTERS PEOPLE NEWSCRIPTS