Only one U.S. university ranks in the world’s top 10 in STEM. Pfizer’s CEO is calling for change

American and European universities have long been the gold standard in higher education, attracting top students from around the world to institutions like Harvard, Stanford, and Oxford—thanks in large part to their research prowess.

But that dominance is starting to erode—and Pfizer CEO Albert Bourla is sounding the alarm.

“Everything in China in research—it is three times the speed, half the cost,” Bourla said earlier this week at a Council on Foreign Relations event, pointing to a dramatic shift in the Nature Index...