$100M Fraud Case Over ADHD Meds & The Pope Gives Warning on... AI
Jun 17, 2024
29:25
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A $100M fraud case involving ADHD meds, Pope Francis warns about AI dominance, CEO pay increases, Inside Out 2 hits big, rare stamp sells for $4M, HBO's dragon stunt, and sports events update.
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Quick takeaways
DOJ cracked down on telehealth startups for illegal drug distribution, highlighting criminal actions in the healthcare industry.
Pope Francis emphasized the need for global ethical guidelines to govern AI development, showcasing a unique collaboration with tech giants.
Deep dives
Telehealth Startups Alleged for Criminal Drug Distribution
The Department of Justice (DOJ) cracked down on telehealth startups for distributing Adderall and other stimulants illegally. Dunn Global, among others, allegedly made over $100 million by prescribing stimulants to patients who didn't require them, disregarding prescription qualifications, limiting patient information to prescribers, and promoting auto-refills. This marks a significant legal action by the DOJ against telehealth companies for criminal drug distribution.
Pope Francis Advocates for AI Ethics
Pope Francis attended the G7 summit and discussed artificial intelligence (AI), advocating for global principles to guide AI's development. The Vatican, Microsoft, and IBM signed the Rome Call for AI Ethics in 2020, setting standards for AI's ethical use. The partnership showcases an unexpected collaboration between the Vatican and big tech firms to promote ethical AI development.
CEO Pay Soaring Amid Growing Inequality
CEO pay, as revealed by recent reports, is skyrocketing, with Elon Musk leading the pack with a $1.4 billion compensation. The gap between CEO and median worker pay ratios has widened significantly, amplifying income inequality. Shareholders overwhelmingly support these inflated CEO pay packages, despite criticisms of rent-seeking practices and distorted market influences.
Episode 345: Neal and Toby recap a huge fraud case where a startup is alleged to use targeted ads to over-prescribe Adderall to millions of patients for profit. Then, Pope Francis is the first to address the G7 summit and his #1 concern is AI, and why leaders need to remain diligent about keeping actual humans at the center. Next, CEO pay got a nice bump last year with a new study showing how the rich got really richer. Also, ‘Inside Out 2’ scores at the box office and a rare stamp is sold for over $4M. Meanwhile, HBO flexes their marketing power by placing a dragon on top of the Empire State Building. A fake dragon, of course. Lastly, the biggest news coming up this week.
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