4.4 • 1.2K Ratings
🗓️ 22 June 2021
⏱️ 10 minutes
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The head of the US Food and Drug Administration is under fire after approving a controversial Alzheimer’s drug, a Covid outbreak at a Chinese port has further disrupted global shipping, and the Tokyo Olympics will have limited spectators when the games begin next month. Plus, the FT’s US sports business correspondent, Sara Germano, explains the US Supreme Court ruling in favour of student athletes who sued the National Collegiate Athletic Association.
US medicines watchdog accused of cozy ties with Big Pharma
https://www.ft.com/content/4013ea99-0413-40f5-b93c-f3de001ccf12?
Covid outbreak at Chinese port exacerbates global supply chain delays
https://www.ft.com/content/c3c55dca-2ee7-488a-ad68-9286822b881c?
Olympic venues to cap number of spectators at 10,000
https://www.ft.com/content/eafb2809-2103-4d6e-97d7-da760095718a
Student athletes win US Supreme Court showdown against NCAA
https://www.ft.com/content/9c00913e-afe8-4dc8-8881-38d93d713d49?
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0:00.0 | Good morning from the Financial Times. Today is Tuesday, June 22nd, and this is your FT news briefing. |
0:08.8 | The top US drug regulator is facing calls to step down. The beleaguered, |
0:13.7 | shipping industry struggles with another disruption, and Tokyo finally makes a decision on whether |
0:18.8 | the Olympics will have fans in the stands. Plus, the US Supreme Court came to a unanimous decision |
0:24.6 | on college athletics yesterday. It speaks to a wider public opinion which over time has shifted |
0:31.7 | in favor of student athletes' rights rather than the institution of the NCAA. |
0:38.1 | I'm Mark Filipino, and here's the news you need to start your day. |
0:45.8 | The Commissioner of the US Food and Drug Administration is facing calls for her removal. |
0:50.1 | This follows the FDA's controversial approval last month of a new Alzheimer's treatment. |
0:55.2 | Janet Woodcock was appointed acting commissioner while the search for a permanent replacement |
0:59.6 | continued, critics say she's too cozy with the drug industry. Three members of the FDA's advisory |
1:05.5 | panel quit after the Alzheimer's treatment was approved. The panel had unanimously opposed it |
1:10.8 | last year. Many doubt the efficacy of the treatment, which is made by biogen and will cost |
1:15.6 | patients $56,000 a year, one member of the panel said it probably was the worst drug-approval |
1:22.0 | decision in recent US history. Woodcock did not respond to the FDA's request for comment. |
1:32.4 | Just when the shipping industry was getting back on its feet from all the disruption |
1:36.4 | brought by the pandemic and the Suez Canal blockage, it's reeling from another blow. A huge |
1:42.4 | terminal in one of the biggest ports in the world was shut down because of a COVID outbreak. |
1:46.8 | Chinese authorities closed the NTN terminal for almost a week last month, |
1:51.6 | but operations still aren't back to normal. The FDA's Harry Dempsey describes the impact. |
1:57.5 | This is an absolutely massive terminal, and the amount of cargo that was affected |
2:02.6 | was even larger than the amount of cargo that was held up when the Suez Canal was blocked. |
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