Theoretical Developments in Inclusive B Decays

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Some recent theoretical work on inclusive B decays relevant for the model independent determination of |V_{ub}| and |V_{cb}| is summarized. The theoretical predictions and their reliability for several differential decay distributions in B -> X_{c,u}e nu and B -> X_s gamma are reviewed. These can be used to determine certain important HQET matrix elements. The upsilon expansion and ways of testing it are discussed.
11 pages, Invited talk at the DPF'99 Conference, Jan. 5-9, 1999, Los Angeles, CA

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