Among the five hyperscalers, Oracle is the outlier with a Baa2 credit rating, which is just two rungs above so-called junk bond territory. Typically, the lower the rating, the greater the probability of default and the more yield bond issuers have to offer to attract buyers. Essentially, credit investors want to be paid more to own the risk of a company like Oracle versus Alphabet or Microsoft.
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Many cancer experts were skeptical. The FLASH effect seemed almost too good to be true. “It didn’t get a lot of traction at first,” recalls Billy Loo, a Stanford radiation oncologist specializing in lung cancer. “They described a phenomenon that ran counter to decades of established radiobiology dogma.”