All-In with Chamath, Jason, Sacks & Friedberg cover image

All-In with Chamath, Jason, Sacks & Friedberg

E129: Sam Altman plays chess with regulators, AI's "nuclear" potential, big pharma bundling & more

May 19, 2023
01:28:05

Podcast summary created with Snipd AI

Quick takeaways

  • The FTC has filed a lawsuit to prevent Amgen's acquisition of Horizon Therapeutics, arguing that it could solidify a monopoly in the pharmaceutical market.
  • Elon Musk has appointed Linda Yakareno as Twitter's CEO, allowing him to focus on technology and product development.

Deep dives

Amgen's Acquisition of Horizon Therapeutics Challenged by FTC

The FTC has filed a lawsuit seeking to prevent Amgen's acquisition of Horizon Therapeutics, valued at $27.8 billion. The FTC argues that the deal would allow Amgen to strengthen Horizon's monopoly positions in eye and gout drugs, potentially preventing competition and innovation in the market. The pharmaceutical industry operates differently from the tech industry, as the FDA's rigorous approval process ensures the safety and effectiveness of drugs. The acquisition is seen as an opportunity for Amgen to leverage Horizon's successful medications and expand their market presence.

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