Failure to Fill: America’s Drug Shortage 03/29/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 29 March 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Antibiotics and generics are in short supply, and it’s affecting every demographic in the U.S. CNBC’s Senior Science & Health reporter Meg Tirrell does a deep dive into America’s prescription drug shortage. In a conversation exclusive to Squawk Pod, Tirrell explores the supply chain disruptions and market failures that are to blame for the shortage. Plus, Joe Kernen and Becky Quick digest Wall Street’s headlines: Jamie Dimon’s upcoming deposition, the Silicon Valley Bank hearings on Capitol Hill, rising costs of elite education, and an Ice Age-era snack. In this episode: Meg Tirrell, @megtirrell Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	This is Squawk Pod from CNBC, from the team behind TV's Squawk Box, a daily roundup of the biggest news and names in business and politics.
0:13.2	First on today's pod, the buzz on Wall Street.
0:16.1	How come when regulators are telling you that you're unsafe and you're not getting,
0:20.0	you're barely getting passing grades, like a gentleman see for some of these things.
0:23.4	How come you don't have to notify your shareholders?
0:25.6	Flaws in our banking system, Jamie Diamond
0:28.3	scheduled for a deposition and Wooley Mammoth Meatballs.
0:32.4	I had a couple of questions about that. Is it gamey? and
0:37.0	Wully Mammoth Meatballs.
0:41.0	Then a page out of our health and science reporter's notebook, Meg Turrell. We see shortages of ADHD drugs, for example. We see shortages of these new drugs
0:46.1	like Ozemphic and Wagovi. Antibiotics are among the drugs most in shortage.
0:51.8	A critical drug shortage.
0:53.5	Doctors and patients trying to make do
0:56.0	what's gone wrong in our supply chain?
0:58.1	Part of that is just a crumbling infrastructure.
1:00.7	Part of that is the inability to really model out what the supply and demand is going to be.
1:06.0	The Americans struggling.
1:08.0	It's honestly bizarre. It's so scary to me.
1:11.0	It's a conversation you'll hear only on this podcast. This is not a COVID-centric or a COVID-caused problem.
1:18.0	I'm C. NBC producer Katie Kramer. This episode of Squawk Pod begins right now.
1:24.0	This is Squawk Pod.
1:32.0	Up on Becky, thank you. Good morning. This is up and Becky.
	...

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