PHARMA RISKS ARE RISING...

(1) During COVID, Watch Out for Counterfeit Drugs

(2) US Must Decrease Dependency On Geopolitical Rivals For Critical Medical Supplies

(3) US needs access to COVID medications not made by our enemies 

(4) Need to maintain security in the supply chain for Critical Technologies

WHAT IS THE INTERNATIONAL PRICING INDEX?

Setting prices of critical technologies such as medications and diagnostic products to prices in other countries is flawed:

(1) These are Completely different consumer price indexes

(2) Medical product companies outside of US are frequently supported or owned by a foreign government

(3) Quality and regulatory standards in many countries are not adequate or at US standards, Inferior products are not what American’s deserve

(4) Price Indexing and Government pricing boards have been a disaster in many countries such as Germany hurting access, quality and reliability of supply chain

(5) US has seen such impacts on some product areas such as antibiotics because of Third Party Payer policies.

BIO: Spanning a 40+ year career as a practicing clinical pharmacist, he is an advocate for better health services and resources to enhance the health of boys and men. He has held faculty appointments at both Columbia University and Belmont University and has authored over seventy peer reviewed and general media articles in healthcare and health policy.

Direct download: Dr_Salvatore_J_Giogianni_Jr_22.Jul.20.mp3
Category:general -- posted at: 8:01am EST

The reverse RobinHood effect is in full bloom. Goldman sees record trading profit and same with the other major banks. Liquidity and cheap money is what it all seems to be about. The big banks added $19 billion in bad debt write-offs. Take on as much debt as possible and hope the music doesn’t stop. There’s so much uncertainty and the system is coming apart at the seams. Where will the merry-go-round end? Duct tape economics is the rule of the day. John says let it die and let us be born again. The economy comes down to behavior of ordinary people interacting in the marketplace. It’s not going back to the way it was. 54% of Americans don’t have resources past 30 days. 

The full force of the Fed helped rescue markets reeling from the outbreak and government stay-at-home orders, which had ground economies to a halt around the world. Policy makers’ emergency measures sent companies racing to tap funding sources, and the biggest quarterly stock gains in more than two decades fueled demand for trading services.

The firm’s fixed-income trading revenue more than doubled to $4.24 billion, the highest in nine years, while the equity unit had its best showing in 11 years. The gains propelled revenue to the second-highest mark ever and net income to a slight surprise increase from a year earlier. Profit was $2.42 billion, or $6.26 a share, compared with analysts’ estimates for $3.95 per share.

Shares of Goldman Sachs, down 3.5% this year, advanced 3.3% to $221.04 at 9:48 a.m. in New York. There’s lots more here. 

Direct download: John_Grace_21.Jul.20.mp3
Category:general -- posted at: 8:00am EST

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