A one-pot biomimetic synthesis of selectively functionalized lignins from monomers: a green functionalization platform

Herein, a platform synthesis of functionalized lignin polymers of interest for material systems is demonstrated

Rapid Synthesis of Fused Oxabicycles through the Molecular Rearrangement of Spirocyclic Ethers

A molecular rearrangement of 5,5-spirocyclic cyclopentenones to 5,6-fused cyclopentenones catalyzed by Amberlyst®15 is described. This work emphasizes the utility of renewable resources, such as furfural, that can be transformed into a variety of valuable products. It also highlights the viability of 5,5-spirocycles as intermediates en route to 5,6-fused cyclopentenones. Copyright © 2013 WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim

Advanced glycoxidation and lipoxidation end products (AGEs and ALEs): an overview of their mechanisms of formation

Advanced lipoxidation end products (ALEs) and advanced glycation end products (AGEs) have a pathogenetic role in the development and progression of different oxidative-based diseases including diabetes, atherosclerosis, and neurological disorders. AGEs and ALEs represent a quite complex class of compounds that are formed by different mechanisms, by heterogeneous precursors and that can be formed either exogenously or endogenously. There is a wide interest in AGEs and ALEs involving different aspects of research which are essentially focused on set-up and application of analytical strategies (1) to identify, characterize, and quantify AGEs and ALEs in different pathophysiological conditions ; (2) to elucidate the molecular basis of their biological effects ; and (3) to discover compounds able to inhibit AGEs/ALEs damaging effects not only as biological tools aimed at validating AGEs/ALEs as drug target, but also as promising drugs. All the above-mentioned research stages require a clear picture of the chemical formation of AGEs/ALEs but this is not simple, due to the complex and heterogeneous pathways, involving different precursors and mechanisms. In view of this intricate scenario, the aim of the present review is to group the main AGEs and ALEs and to describe, for each of them, the precursors and mechanisms of formation

Capital Structure Arbitrage under a Risk-Neutral Calibration

By reinterpreting the calibration of structural models, a reassessment of the importance of the input variables is undertaken. The analysis shows that volatility is the key parameter to any calibration exercise, by several orders of magnitude. To maximize the sensitivity to volatility, a simple formulation of Merton’s model is proposed that employs deep out-of-the-money option implied volatilities. The methodology also eliminates the use of historic data to specify the default barrier, thereby leading to a full risk-neutral calibration. Subsequently, a new technique for identifying and hedging capital structure arbitrage opportunities is illustrated. The approach seeks to hedge the volatility risk, or vega, as opposed to the exposure from the underlying equity itself, or delta. The results question the efficacy of the common arbitrage strategy of only executing the delta hedge