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Kyle C. Garrison

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Six Reasons Drug Prices Are So High in the U.S.

Six Reasons Drug Prices Are So High in the U.S.

Florida’s plan to save money by importing medications from Canada, authorized this month by the Food and Drug Administration, has renewed attention on the cost of prescription drugs in the United States.Research has consistently found that drug prices in America are significantly higher than those in other wealthy countries. In 2018, they were nearly double those in France and Britain, even when accounting for the discounts that can substantially reduce how much American health plans and employers pay.“The U.S. market is the bank for pharmaceutical companies,” said Ameet Sarpatwari, an expert in pharmaceutical policy at Harvard Medical School. “There’s a…
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Christian Pulisic interview: ‘I want to show the world what the U.S. can do’

Christian Pulisic interview: ‘I want to show the world what the U.S. can do’

Christian Pulisic is perched on a bar stool in the old clubhouse overlooking the first-team training pitch at Milanello, AC Milan’s training ground.He makes a hand gesture, one he didn’t need the past six months living in Italy to learn. Pulisic is talking about himself as one of the “older guys” on the USMNT and, as he does so, he is sure to put air quotes around it.Nearby is a portrait of Milan legend Paolo Maldini lifting a trophy, a player who retired in his forties. Pulisic isn’t that age yet. He turned 25 shortly after joining Milan from Chelsea…
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Musk Demands Bigger Stake in Tesla as Price for A.I. Work

Musk Demands Bigger Stake in Tesla as Price for A.I. Work

Elon Musk, the chief executive of Tesla, stunned investors by demanding that the company’s board give him shares worth more than $80 billion if it wants him to continue developing products based on artificial intelligence.In the latest demonstration of his disregard for conventional ways of communicating with investors, Mr. Musk said late Monday on X, the social media site he owns, that he needed to own 25 percent of Tesla to avoid takeovers and have enough control of the company as it develops robots and other artificial intelligence technology.If his demands are not met, Mr. Musk said, he would pursue…
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Hong Kong Stocks Sink as China’s Economy Scares Investors

Hong Kong Stocks Sink as China’s Economy Scares Investors

China’s No. 2 leader, Li Qiang, traveled to Switzerland with a message for the titans of the business world gathered for the World Economic Forum.“Choosing the Chinese market is not a risk, but an opportunity,” Mr. Li, China’s premier, told an audience in Davos on Tuesday.But there’s a different sentiment about China playing out in the stock market and it’s not so optimistic. The worries over China’s economy have been visible for months in Hong Kong, where stocks plunged 14 percent last year, the fourth consecutive annual decline.The new year hasn’t offered any relief, either, and economic data released by…
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U.S. and Iran Wage a Proxy War

U.S. and Iran Wage a Proxy War

For all the fears of an outbreak of fighting in the Middle East that could draw the United States, Israel and Iran into direct combat, a curious feature of the conflict so far is the care taken — in both Tehran and Washington — to avoid putting their forces into direct contact.No one knows how long that will last, American and European diplomats and other officials say. But 100 days into the conflict, the assessment of most of the key players is that Iran has pushed its proxies to make trouble for the American military and to pressure Israel and…
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An Ultrasound Experiment Tackles a Giant Problem in Brain Medicine

An Ultrasound Experiment Tackles a Giant Problem in Brain Medicine

There is a problem with the recently approved Alzheimer’s drug, Aduhelm. It can remove some of the amyloid that forms brain plaques that are hallmarks of the disease. But most of the drug is wasted because it hits an obstacle, the blood-brain barrier, that protects the brain from toxins and infections but also prevents many drugs from entering.Researchers wondered if they could improve that grim result by trying something different: they would open the blood-brain barrier for a short time while they delivered the drug. Their experimental method was to use highly focused pulses of ultrasound along with tiny gas…
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Peacock’s wild-card game likely just the start of the NFL’s playoff streaming era

Peacock’s wild-card game likely just the start of the NFL’s playoff streaming era

The only place a reverse happens in the NFL is on the field. The league rarely moves backward when it comes to increasing its media rights coffers. If you were to place a wager on whether Saturday’s first-ever exclusive, live-streamed NFL playoff game is going to be repeated in the future, you’d be wise to bet big on the same thing happening during the 2024 postseason.Hans Schroeder, the NFL’s executive vice president of media distribution, nearly said as much during a conference call with reporters three days before the game.“As it relates to the wild-card game exclusively, we’re excited to…
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Do You Have ‘Bookshelf Wealth’?

Do You Have ‘Bookshelf Wealth’?

Breana Newton, a legal coordinator in Princeton, N.J., who posts regularly about books on TikTok, was one of the people who responded to Ms. Blalock’s video. “I am going to show you bookshelf wealth,” Ms. Newton, 33, says in a video of her own. “Ready?”She then gives viewers a brief tour of her home, showing books everywhere — on shelves, in overflow piles here and there, and strewed across the bed. Absent is the sense that the rooms have been staged, or that the books were bought with the consideration of how they would look on Instagram.In an interview, Ms.…
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Flush With Investment, New U.S. Factories Face a Familiar Challenge

Flush With Investment, New U.S. Factories Face a Familiar Challenge

The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and fight climate change.But the effort is facing a familiar threat: a surge of low-priced products from China. That is drawing the attention of President Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing.As U.S. factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods, often at significantly lower prices than American competitors. A similar influx is…
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Guatemala’s New President Is Sworn In, Despite Efforts to Stop Him

Guatemala’s New President Is Sworn In, Despite Efforts to Stop Him

Despite staunch resistance from his opponents in the government, the anticorruption crusader Bernardo Arévalo was inaugurated early Monday morning as Guatemala’s president, a turning point in a country where tensions have been simmering over widespread graft and impunity.His inauguration had been scheduled for Sunday, but members of Congress delayed it, and concerns persisted about whether it would happen at all. But after an international outcry and pressure from protesters, Mr. Arévalo was sworn in shortly after midnight, becoming Guatemala’s most progressive head of state since democracy was re-established in the 1980s.His rise to power — six months after his victory…
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