Why College Kids Can’t Find Jobs & New Wegovy-Like Drug for $199/mo
May 21, 2024
28:41
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Explore why college graduates struggle to find jobs, cargo ship cleanup at Baltimore bridge crash site, Red Lobster bankruptcy, Hims & Hers Health introducing Wegovy-like shots, New Caledonia's independence battle, and Neuralink's clearance for 2nd patient.
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Quick takeaways
Entry-level job opportunities for college graduates are decreasing due to slow hiring in various sectors, sparking low confidence levels among this demographic.
Hims & Hers Health is disrupting the weight-loss drug market by offering more affordable oral and injection medication kits, addressing shortages and reshaping the pharmaceutical landscape.
Deep dives
Tough Job Market for Recent College Grads
The job market for recent college graduates is challenging due to slow hiring in professional services, tech, and consulting sectors. Entry-level hiring is projected to decrease significantly, creating low confidence levels among entry-level workers. The shift towards AI roles and technology advancements may further reduce entry-level job opportunities, leading to a significant impact on this specific class.
Revolutionizing GLP-1 Weight Loss Drugs
Hims and Hers, a digital pharmacy, is disrupting the GLP-1 weight loss drug space by offering more affordable oral and injection medication kits compared to traditional brands. By partnering with a generic manufacturer, they can provide these drugs at lower costs, addressing shortages of traditional medication options. The rising popularity of compounded versions of these drugs is reshaping the pharmaceutical landscape and attracting significant market attention.
Nickel Crisis in New Caledonia
New Caledonia faces economic turmoil as the world's third-largest nickel producer due to plummeting nickel prices. Unrest in the region regarding voting rights legislation intensifies as nickel's economic importance is threatened. The collapse in nickel prices and oversupply issues exacerbate the economic challenges faced by the territory, leading to significant implications for its workforce and economy.
NuraLink's Brain Implant Breakthroughs
NuraLink, Elon Musk's brain implant startup, aims to revolutionize communication for individuals with paralysis. Despite initial setbacks with the brain implant, NuraLink remains committed to further trials and expanding their technology. The potential impact on communication and interaction through brain-controlled devices offers hope for individuals facing physical limitations, signaling a potential breakthrough in medical technology.
Episode 327: Neal and Toby examine how the latest jobs report may look promising, but not particularly for college graduates who may struggle with finding a job. Then, good, bad, and ugly news: the cargo ship cleanup at the Baltimore bridge crash site, OpenAI is changing its voice, and Red Lobster files for bankruptcy, respectively. Next, Hims & Hers Health is getting into the weight-loss drug game with their Wegovy-like shots. Also, New Caledonia is a hot battleground for independence and nickel reserves. Lastly, Neuralink gets clearance for its 2nd patient.