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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.
Elon Musk has appointed Linda Yakareno as the CEO of Twitter, focusing on all aspects of the business except for product and CTO responsibilities. Yakareno has a strong background in ad sales and is known for her work in the advertising industry. Her appointment is seen as complimentary to Elon's skill set and interests, allowing him to concentrate on technology and product development. It is anticipated that Yakareno will work collaboratively with Elon and support his vision for a free speech platform.
The FTC has filed a lawsuit seeking an injunction to prevent Amgen's $27.8 billion acquisition of Horizon Therapeutics, the largest pharma deal announced in 2022. The FTC argues that the deal could solidify Horizon's monopoly positions in eye and gout drugs, limiting competition and potential drug innovation. The pharmaceutical industry operates differently from the tech industry, as drug approvals require thorough testing and adherence to safety regulations. The FTC's legal action aims to challenge potential anti-competitive practices and ensure a level playing field in the pharmaceutical market.
Younger companies can only raise money to go after smaller diseases due to smaller populations, revenue potential, and costs. This limits their ability to tackle bigger diseases. Allowing transactions that enable companies to work on bigger diseases is crucial.
Large transactions in biotech do not guarantee success, with many turning out to be failures. Investment in biotech is risky, and the outcomes are not solely determined by the size of the deal, but by the phase of development and other factors.
The lawsuit against Amgen's acquisition of Horizon Therapeutics highlights concerns about drug price inflation. The claim is that Amgen's pricing strategies and negotiating power with insurance companies contribute to price inflation and limit competition. The focus on mergers may not address the root causes of price inflation, which lie with other entities such as pharmacy benefit managers.
(0:00) Bestie intros!: Reddit Performance Reviews
(5:14) Quick AIS 2023 update
(6:27) AI Senate hearing: Sam Altman playing chess with regulators, open-source viability
(21:25) Regulatory capture angle, "preemptive regulation," how AI relates to nuclear, insider insights from the White House's AI summit
(43:33) Elon hires new Twitter CEO
(48:46) Lina Khan moves to block Amgen's $27.8B acquisition of Horizon Therapeutics
(1:02:30) Apple's AR goggles are reportedly being unveiled at WWDC in early June, platform shift potential, how it deviates from Apple's prior launch strategies
(1:07:45) Residential and commercial real estate headwinds
(1:15:29) Unrest in SF and NYC after two recent tragic incidents ended in death
(1:24:20) Soros political motivations for backing progressive DAs
Follow the besties:
https://twitter.com/DavidSacks
Follow the pod:
https://twitter.com/theallinpod
https://linktr.ee/allinpodcast
Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://twitter.com/chamath/status/1658913074106236931
https://www.mosaicml.com/blog/mpt-7b
https://huggingface.co/spaces/HuggingFaceH4/open_llm_leaderboard
https://artificialintelligenceact.eu
https://futurism.com/the-byte/warren-buffett-ai-atom-bomb
https://www.ftc.gov/system/files/ftc_gov/pdf/2310037amgenhorizoncomplainttropi.pdf
https://sharegpt.com/c/O6OKM9D
https://www.wsj.com/articles/apple-mixed-reality-headset-9213ac1b
https://twitter.com/PalmerLuckey/status/1657828947877560323
https://twitter.com/DavidSacks/status/1658955195450286081
https://www.foxnews.com/us/witness-jordan-neely-chokehold-death-calls-daniel-penny-hero
https://www.reddit.com/r/nyc/comments/1njfls/try_to_stay_away_from_the_michael_jackson
https://en.wikipedia.org/wiki/1984_New_York_City_Subway_shooting
https://en.wikipedia.org/wiki/Guardian_Angels
https://www.messynessychic.com/2019/03/26/in-the-shadows-with-nycs-self-styled-guardian-angels
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