* Bob Grant: Pharma’s fake innovation crisis?
* Todd Sullivan: Why a GameStop buyout is unlikely
* Anne-Sylvaine Chassany: Distressed debt is overhung
* Primer: What Wall Street should know about Paul Ryan
* Morning Call: U.S. futures point higher, European shares climb and the Nikkei rises.
* Dan Shaughnessy: What Johnny Pesky meant
* Where the bankers are: A green light for auto loans
* Mohamed El-Erian: Ryan’s plan and the next ‘new normal’
* Matthew Ingram: App.net doesn’t want to be a Twitter clone
* Look out below: What the falling VIX may tell us about equities
* Big savings: Under Ryan’s plan, Romney’s tax rate would be 0.82%
* Get Term Sheet: Sign up for my daily email on deals & deal-makers