Dan and Corey kick off the show by arguing against the Federal Reserve potentially cutting
rates this year. They point out that inflation is persistently volatile, gas prices are soaring
and hurting everyday consumers, and the Fed is "pretending that everything is OK,"
according to Corey. Dan also brings up the fact that 2024 being an election year may have
something to do with this.
Next, Stansberry Venture Technology editor Dave Lashmet joins the conversation to discuss
the biotech industry. He explains that he doesn't see biotech as a sector, and rather he looks
bottom up at biotech companies to find a drug that will have a macroeconomic effect.
Because only 6% of drugs that start a Phase I trial succeed, he says being selective is
crucial. Dave also describes the three phases of drug testing and the importance of efficacy
and safety data.
After, Dave talks all things weight-loss drugs. He reflects on how he knew Ozempic was
going to be a blockbuster drug from his boots-on-the-ground research, the incredible room
for growth in this area, and the unprecedented amounts of money that biotech companies
are spending on factories to develop these weight-loss drugs.
Further, Dave discusses why the obesity epidemic has worsened over the decades and how
exactly weight-loss drugs work to increase metabolism and suppress appetite. It involves
something he calls the "winter switch." Plus, Dave brings up the U.S. Food and Drug
Administration approving these drugs for the purpose of reducing strokes and heart attacks
by nearly 20%.
Lastly, Dave talks about the widespread economic implications behind weight-loss drugs and
other areas of the market that could be impacted, such as the airline industry. However,
Dave emphasizes once again that any mass changes are still years away due to supply
constraints.
00:00 Episode Introduction/Rant
17:55 Dave Lashmet joins the show
24:36 Weight Loss drugs
32:40 The Obesity Epidemic
41:20 Economic Impact of Weight Loss drugs