Epi(c) Pharmaceutical Market Failure

It was hard not to feel sorry for Mylan CEO Heather Bresch as she sat for an extended CNBC interview on the morning of August 25th. Clearly on the hot seat, Bresch tried to explain Mylan’s stratospheric EpiPen price increases. Despite limited product improvement, the retail price for EpiPen 2-Pak®has skyrocketed from $94 in 2007 when Mylan acquired the product to $608 today, a 550% increase.

China Must Continue to Grow its Futures Markets - from Leo Melamed

I am sharing a report written by Leo Melamed, Chairman Emeritus of the CME Group, you can find the report by clicking here.

The things we really need are getting more expensive. Other stuff is getting cheaper. Why?

I am sharing an interesting article from the World Economic Forum titled The things we really need are getting more expensive. Other stuff is getting cheaper. Why? I have copied the full text below. So my question is, when will we begin to see inflation?

Backing Banking?

I am generally gung-ho on banks and their need to embrace FinTech partners and on the need for FinTech firms to build the systems that can help smaller banks compete. The record, yet rather paltry, $185 million fine levied on Wells Fargo for fraudulently opening accounts to meet sales targets gives some support to that thesis, even though it's another black-eye for the industry.

Econvue Weekly Spotlight

Rankings and Reactions: CMS Launches Star Ratings for Hospitals

“The fault, dear Brutus, is not in our stars but in ourselves.” [1]  ~William Shakespeare

Seminar in Chicago: “The Vital Role of Director Training in Japan’s Corporate Governance Reforms”

The Board Director Training Institute of Japan (BDTI) is a government-certified nonprofit providing one-day “director training” courses in English and Japanese, and governance-related seminars and e-learning courses. These programs teach participants key knowledge needed to serve on, report to, or analyze boards in Japan.

The Economic Outlook for the Election and Beyond, and How Who Wins Could Change It

With nine weeks to go, the economic conditions for the election are set — modest growth, low inflation, and continuing job gains. A few Wall Street forecasters rate the odds of a 2016 recession at one-in-three; but unless a major shock wrenches the economy off its present course, bet with Janet Yellen and Ben Bernanke on the economic expansion continuing into next year.

Free Lunch: Where did all the productivity go? - My Comment

Here is my comment on Martin Sandbu's  Free Lunch: Where did all the productivity go? And what would it take to make it grow again?

Advice and Consent

My FinTech conversations this week have focused on the newer end of the ecosystem. An upcoming profile will feature a firm that provides bitcoin ATMs targeted at the unbanked so they can send money at lower fees than traditional transfers.

Another conversation with a financial planner concerned how he is working as a coach and trusted advisor, making more on his advice than on transactions. Given the rise of roboadvisors in the wealth management sector, it's a good move.