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Robert Hall and Michael Woodford were awarded the Nobel Prize in Economics. They were recognized for research on how monetary and fiscal policy can reduce economic fluctuations, including by examining the decisions of households and companies.
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French chemist Henri Kagan and Japanese chemist Kensō Soai were awarded the Nobel Prize in Chemistry. They were recognized for the discovery of non-linear effects and autocatalysis in asymmetric organic synthesis. Their work concerned mirror-image variants of molecules, which can have different effects despite having the same composition. Reports said the research is important for, among other things, the development and production of medicines.