WEBVTT - Cal Tech Professor on the Value of a Chemistry

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>This is Bloomberg Business Week with Carol Messer and Tim

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<v Speaker 2>Stenebek on Bloomberg Radio. Is this something that happened in

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<v Speaker 2>college for you?

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<v Speaker 3>Carol?

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<v Speaker 2>There were these courses I'm listening. Okay, So there were

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<v Speaker 2>these certain classes in college that were like designed to

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<v Speaker 2>weed people out. Okay, yeah, Psychology intro to psych was

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<v Speaker 2>one of them, because everyone wanted to major in psychology.

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<v Speaker 2>So what they did is even if you took ap

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<v Speaker 2>psych and you got a five, you still had to

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<v Speaker 2>take intro to Psychology and they made it a terrible class,

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<v Speaker 2>so only the hardcore students would stick with it. Also,

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<v Speaker 2>organic chemistry, Okay.

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<v Speaker 3>I did not take that in college.

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<v Speaker 2>This was like, you know, you're not going to be

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<v Speaker 2>a doctor in life, do you take it in college?

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<v Speaker 4>God?

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<v Speaker 1>No?

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<v Speaker 2>Okay, no, no, no, no no no, no no no no. It's

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<v Speaker 2>like what but it was notorious for weeding people out.

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<v Speaker 2>Like you want to become a doctor, you can't do

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<v Speaker 2>it until you take out you know.

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<v Speaker 3>I have this conversation with my daughter who has a

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<v Speaker 3>friend that's pre met and she said, you know, they

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<v Speaker 3>make these classes hard so that they absolutely weed out

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<v Speaker 3>and figure out who's really going to be serious.

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<v Speaker 2>And sometimes I go to the doctor and I'm like,

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<v Speaker 2>you really pasted? Okam, you did? They didn't let you

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<v Speaker 2>out along the.

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<v Speaker 3>Way past fail You know what they call what do

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<v Speaker 3>they say, doctor got aldis or our Premand yeah, all right.

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<v Speaker 3>We've got a great guest though, to really maybe make

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<v Speaker 3>you think differently about students taking science courses and so

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<v Speaker 3>let's get to them.

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<v Speaker 2>We got Josea Nelson because you think there's a better way.

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<v Speaker 2>He's professor of chemistry at California Institute of Technology. He

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<v Speaker 2>runs the Nelson Lab. The lab calls itself quote a

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<v Speaker 2>multidisciplinary research group. It's focused on developing the next generation

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<v Speaker 2>tools for organic chemistry. Joseah joins us from Pasadena, California.

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<v Speaker 2>Also with us is Janet Lauren. She's a Bloomberg News

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<v Speaker 2>higher education finance reporter. She joins us here in the

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<v Speaker 2>Bloomberg Interactive Brokers studio and.

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<v Speaker 3>Jenna, we need to say thank you because Hosea comes

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<v Speaker 3>to us courtesy of you. Just tell us how we

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<v Speaker 3>came to your attention.

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<v Speaker 1>We had met at a dinner and he was talking

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<v Speaker 1>about teaching chemistry and the challenges of teaching and learning,

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<v Speaker 1>and we were talking about this and I said, wow,

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<v Speaker 1>this would be a great guest on Bloomberg Radio your career.

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<v Speaker 3>And you are so right, So hose come on in

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<v Speaker 3>on that. So this whole concept of like weeding people.

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<v Speaker 4>Out wrong, absolutely wrong, you know, And I think I'll

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<v Speaker 4>stand here in front of everyone and on behalf of

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<v Speaker 4>all organic chemists apologize for taking that strategy and towards education.

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<v Speaker 4>It doesn't really serve education. Well, I don't think.

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<v Speaker 2>That's interesting because I if there's a way to do this,

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<v Speaker 2>you know, it's no matter how you slice it, this

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<v Speaker 2>is difficult stuff. And I think that's why it is,

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<v Speaker 2>you know, sort of used to weed people out. But

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<v Speaker 2>is it difficult because we don't have the right education

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<v Speaker 2>getting into college, Hosea. Or is it difficult because the

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<v Speaker 2>way it's taught, it's not taught in a way that

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<v Speaker 2>is digestible based on the way that people we understand

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<v Speaker 2>the way people learn.

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<v Speaker 4>You know. I think it's a little bit of both.

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<v Speaker 4>And you know, I think that a major challenge is

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<v Speaker 4>organic chemistry represents a wealth of knowledge across all sorts

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<v Speaker 4>of scientific disciplines, and we tend to when we teach

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<v Speaker 4>it kind of introduce all of those things at once.

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<v Speaker 4>There's three different ways to look at this problem. And

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<v Speaker 4>instead of kind of building people up and giving them

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<v Speaker 4>the foundation they need to progress through those three different

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<v Speaker 4>ways of looking at the problem, a lot of times

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<v Speaker 4>we just kind of throw it all towards them in

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<v Speaker 4>the beginning. And you know, I think you guys alluded

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<v Speaker 4>to it in your discussion that perhaps you know, there's

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<v Speaker 4>been a sentiment amongst organic chemists and scientists that there's

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<v Speaker 4>some sort of bar that we need to place in

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<v Speaker 4>front of students, you know, to decide who has the

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<v Speaker 4>necessary tools to move to the next level instead of

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<v Speaker 4>thinking about it as education. Hey, we need to educate

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<v Speaker 4>future doctors so they know a little bit about organic

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<v Speaker 4>chemistry so they can learn biochemistry and medicine, if that

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<v Speaker 4>makes any sense.

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<v Speaker 1>So, can you tell us a little bit about your

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<v Speaker 1>career path and how you decided you wanted to be

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<v Speaker 1>a scientist and progress to become a chemist and you know,

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<v Speaker 1>doing what you're doing in your lab.

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<v Speaker 4>Yeah, And the reason I'm really passionate about education is

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<v Speaker 4>because of it. So I actually failed high school chemistry

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<v Speaker 4>not once, but twice, and actually dropping out of high school,

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<v Speaker 4>and then eventually I found a well paying lab technician

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<v Speaker 4>a summer program and our summer job and did that

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<v Speaker 4>and fell in love with experimental science and working in

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<v Speaker 4>a laboratory and making discoveries. Because, as it turns out,

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<v Speaker 4>you know, the chemistry or the science we learn in

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<v Speaker 4>the class is very different than the practice of doing

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<v Speaker 4>science or the practice of chemistry.

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<v Speaker 2>Why did that not turn you off when you failed

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<v Speaker 2>chemistry and school? Because I think that is the quickest

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<v Speaker 2>way for people to be turned off from something. I

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<v Speaker 2>didn't do well in every subject, and I was turned

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<v Speaker 2>off by stuff I didn't do well.

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<v Speaker 3>And you turned off, and then you also there's a

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<v Speaker 3>narrative that forms around you of like, well, maybe you're

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<v Speaker 3>just not a chemistry type of person or something.

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<v Speaker 4>Yeah, I think I think that's that? Is that true?

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<v Speaker 4>And to be honest, you know, I was turned off

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<v Speaker 4>and did not pursue my science education or education at

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<v Speaker 4>all subsequent to that. And so, you know, I think

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<v Speaker 4>one of the challenges that we face as educators is

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<v Speaker 4>thinking about how to engage people and and kind of

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<v Speaker 4>give people value and and and personal validation that goes

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<v Speaker 4>beyond memorizing the letters associated with orbitals or doing a calculation,

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<v Speaker 4>and so a lot of what we do now is

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<v Speaker 4>try to relate. And actually it's a primary goal when

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<v Speaker 4>I'm in the classroom, is we try to really relate

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<v Speaker 4>what we're doing in the class to bigger societal problems

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<v Speaker 4>or bigger personal problems. You know, how does chemistry and

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<v Speaker 4>science impact medicine. How does the the you know, the

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<v Speaker 4>screen of the iPhone you're you're working on right now

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<v Speaker 4>in the middle of class, you know, how is that

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<v Speaker 4>fueled by science? And so I think we need to

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<v Speaker 4>do a much better job in that regard.

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<v Speaker 1>Well, of course, you're at Caltech where students are well

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<v Speaker 1>beyond you know, basic science. But how do you how

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<v Speaker 1>do you make it interesting to people who are maybe

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<v Speaker 1>thinking this could be something for me, but I'm not

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<v Speaker 1>very good in math or I'm not very good in science,

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<v Speaker 1>and to sort of bridge that gap.

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<v Speaker 4>Yeah, I mean that's a challenge. You know, I think

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<v Speaker 4>that one of the things in a classroom, if you

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<v Speaker 4>really want to reach people, you kind of have to

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<v Speaker 4>meet people where they are. And I think traditionally in science,

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<v Speaker 4>so a lot of times we spend our time, you know,

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<v Speaker 4>putting out an ideal preparation level. And if people don't

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<v Speaker 4>meet that preparation level and they don't do well on

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<v Speaker 4>the course, well it's the problem with the person. But

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<v Speaker 4>the facts are the facts, and the students we have

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<v Speaker 4>are the students, and their education level is their education level,

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<v Speaker 4>so we really have to meet them in that regard.

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<v Speaker 4>And I still am convinced that making our lessons in

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<v Speaker 4>our curricula bigger than the very fine details of a

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<v Speaker 4>subject matter is really really important in bringing people along.

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<v Speaker 3>You know, I think about education too, and I think

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<v Speaker 3>about you know, sometimes we're just so taught to you know,

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<v Speaker 3>two tests are testing and the whole idea of I

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<v Speaker 3>don't know. It's been an interesting year between I don't

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<v Speaker 3>want to get political at the war between Israel and

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<v Speaker 3>Hamas and you know, students trying to protest and they

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<v Speaker 3>couldn't And we often have a conversation in the newsroom

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<v Speaker 3>that you know. College universities are a place to go

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<v Speaker 3>and have conversations, make mistakes, learn, And I do think

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<v Speaker 3>about all different subjects played at different parts of your brain.

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<v Speaker 3>They teach you how to think. Maybe you don't get

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<v Speaker 3>an A in the class, but it maybe teaches you

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<v Speaker 3>to think on a higher level, and I just don't

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<v Speaker 3>know that teaching has gotten around all of that yet.

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<v Speaker 4>No, I would agree, you know, I think that the

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<v Speaker 4>fact of the matter is when I walk into a

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<v Speaker 4>doctor's office and tell them I'm an organic chemists, oftentimes

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<v Speaker 4>they tell you how organic chemistry has played zero role

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<v Speaker 4>in their practice of medicine. You know, what is true

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<v Speaker 4>is that perhaps the lesson they learned, you know, problem

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<v Speaker 4>solving and thinking about organic chemists kind of gave them

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<v Speaker 4>the tools they need to approach medical problems. And I

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<v Speaker 4>think the same is through true across any kind of discipline.

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<v Speaker 4>And it could be a political science problem, it could

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<v Speaker 4>be an economics problem. But you know, in general, the

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<v Speaker 4>practice of going after really hard things and problem solving

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<v Speaker 4>in a logical fashion can be applied in a lot

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<v Speaker 4>of areas. So, you know, I do agree with that.

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<v Speaker 1>So can you tell us about what problems that you

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<v Speaker 1>are looking to solve and about your work and what

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<v Speaker 1>goes on in your lab at Caltech?

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<v Speaker 4>Yeah, So we are really interested in in in developing

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<v Speaker 4>technology that will influence medicine, and so we want to

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<v Speaker 4>discover new chemicals from nature. They're called natural products that

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<v Speaker 4>can be used as drugs. It turns out that more

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<v Speaker 4>than fifty percent of on market drugs are derived from nature,

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<v Speaker 4>a fact that many people don't know. And so we

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<v Speaker 4>we use new electron miicross co b in spectrosky methods

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<v Speaker 4>to discover those compounds. And we also we have another

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<v Speaker 4>division in our lab that works on new chemical reactions

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<v Speaker 4>or new ways to quote unquote cook drugs or active

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<v Speaker 4>pharmaceutical ingredients, and a big part of that is AI.

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<v Speaker 4>So you know, I think that's something that is important,

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<v Speaker 4>and I guess evidenced by the Nobel Prize in Chemistry

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<v Speaker 4>last week. And this is a big part of science.

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<v Speaker 4>So our group is largely funded by the National Science Foundation,

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<v Speaker 4>and we have a center there called the Center for

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<v Speaker 4>Computer Aided Chemical Synthesis, and there we use tools in

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<v Speaker 4>AI to try and help pharmaceutical efforts and biology efforts

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<v Speaker 4>to think about quicker ways to make molecules that may

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<v Speaker 4>be drugs or they may be the tools we use

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<v Speaker 4>to understand fundamental biology.

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<v Speaker 3>All right, I hope we haven't lost anybody. But why

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<v Speaker 3>do we need to do that? Walk us through that

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<v Speaker 3>next step? Why is that a smart step to take

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<v Speaker 3>steps to take a bridge to cross? Yeah, So this.

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<v Speaker 4>Is I think on a couple levels. You know, you

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<v Speaker 4>can kind of look at it from a lot of perspectives.

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<v Speaker 4>So you know, right now, for example, artificial intelligence, as

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<v Speaker 4>you all know, is just becoming important to all these

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<v Speaker 4>different elements of society, and that includes science and medicine,

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<v Speaker 4>and so you know, we are part to this program

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<v Speaker 4>and the impact of what we're doing will effectively hopefully

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<v Speaker 4>allow the preparation of chemicals or the discovery of chemicals

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<v Speaker 4>for nature to happen quicker. And so you know right now,

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<v Speaker 4>you know, like the therapeutic drug line, if someone makes

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<v Speaker 4>a discovery that might lead to a drug, it may

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<v Speaker 4>take a decade to do the work to actually get

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<v Speaker 4>it into clinical trials, where we think that using artificial

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<v Speaker 4>intelligence and machine learning and other data science approaches, we're

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<v Speaker 4>going to be able to shorten that period. So the

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<v Speaker 4>impact and the importance in medicine and human health is

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<v Speaker 4>really there. I think you can kind of twist it

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<v Speaker 4>from the other direction and look at it from the

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<v Speaker 4>perspective of national security, and so there's a lot of

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<v Speaker 4>people thinking about, you know, ways that we can protect

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<v Speaker 4>our country from AI driven synthesis machines that may be

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<v Speaker 4>involved in making weapons and doing other things like that.

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<v Speaker 4>So from all element of where we're operating, this is

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<v Speaker 4>really really important.

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<v Speaker 2>That's kind of scary stuff. Hey, we have about a

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<v Speaker 2>minute left and then we're going to do some news

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<v Speaker 2>and we're going to come back with you, Joseah.

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<v Speaker 4>But I'm wondering.

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<v Speaker 2>We talked about the connection doctors have or don't have

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<v Speaker 2>to organic chemistry, but where else do you see your

0:11:10.400 --> 0:11:11.960
<v Speaker 2>students going and working when they're done.

0:11:13.320 --> 0:11:15.880
<v Speaker 4>Yeah, so most of our students actually go to work

0:11:15.920 --> 0:11:18.760
<v Speaker 4>in the pharmaceutical industry. So graduate students typically go to

0:11:18.800 --> 0:11:22.760
<v Speaker 4>work in pharma, big pharma. We have a small section

0:11:22.800 --> 0:11:26.120
<v Speaker 4>of graduate students that go into consulting, and you know,

0:11:26.280 --> 0:11:29.280
<v Speaker 4>undergraduates a lot of times will end up as you

0:11:29.360 --> 0:11:31.839
<v Speaker 4>alluded to, in medical school. But these days a lot

0:11:31.840 --> 0:11:34.160
<v Speaker 4>of people are using some of the tools they develop

0:11:34.400 --> 0:11:38.320
<v Speaker 4>in their undergraduate education to be analysts and do other

0:11:38.360 --> 0:11:41.040
<v Speaker 4>things like that, go off work for Google, make devices

0:11:41.040 --> 0:11:43.280
<v Speaker 4>that tell you about your body and things like that.

0:11:43.800 --> 0:11:45.720
<v Speaker 4>So it's quite diverse what our students do.

0:11:45.840 --> 0:11:48.840
<v Speaker 2>Let's get right back to Joseah Nelson. He is Professor

0:11:48.840 --> 0:11:51.600
<v Speaker 2>of chemistry at the California Institute of Technology. He runs

0:11:51.640 --> 0:11:55.920
<v Speaker 2>the Nelson Lab. It's quote, a multidisciplinary research group focused

0:11:55.960 --> 0:11:59.800
<v Speaker 2>on developing next gen tools for organic chemistry. Joseiah's joining

0:11:59.880 --> 0:12:02.960
<v Speaker 2>us from Pasadena, California. We also got Janet Lauren, Bloomberg

0:12:03.000 --> 0:12:05.840
<v Speaker 2>News Higher Education Finance reporter here in our Bloomberg Interactive

0:12:05.840 --> 0:12:06.720
<v Speaker 2>Brokers studio.

0:12:06.880 --> 0:12:09.000
<v Speaker 3>Josea was also the winner of the twenty twenty two

0:12:09.040 --> 0:12:12.760
<v Speaker 3>Blovotnik National Awards for Young Scientists. They intend to and

0:12:12.800 --> 0:12:15.280
<v Speaker 3>this is I'm reading from what they say to recognize

0:12:15.280 --> 0:12:18.920
<v Speaker 3>and celebrate exceptional young scientists in the life sciences, physical sciences,

0:12:18.920 --> 0:12:22.120
<v Speaker 3>and engineering and chemistry, and to provide critical support to

0:12:22.120 --> 0:12:25.240
<v Speaker 3>send innovative work in science and technology that will address

0:12:25.280 --> 0:12:29.280
<v Speaker 3>society's most pressing global problems. All right, Josea. Before we

0:12:29.320 --> 0:12:32.240
<v Speaker 3>went to a break, I said, google your name and

0:12:32.280 --> 0:12:33.680
<v Speaker 3>you're going to come up with a bunch of stories

0:12:33.720 --> 0:12:41.120
<v Speaker 3>about fun guy. Tell us about fungal pathogens, the work

0:12:41.160 --> 0:12:43.160
<v Speaker 3>you are doing, and why we need to kind of

0:12:43.200 --> 0:12:44.400
<v Speaker 3>sit up and take notice.

0:12:46.200 --> 0:12:50.319
<v Speaker 4>Yeah, that's a that's a popular question. The Last of

0:12:50.400 --> 0:12:53.880
<v Speaker 4>Us made us famous? Actually really, But yeah, I think so,

0:12:54.120 --> 0:12:57.679
<v Speaker 4>you know, I think that it's television shows they kind

0:12:57.720 --> 0:13:00.679
<v Speaker 4>of bring sometimes bring some truth to to the reality

0:13:00.720 --> 0:13:03.280
<v Speaker 4>of their viewers. And so the truth of the matter is,

0:13:03.320 --> 0:13:05.080
<v Speaker 4>and this is something we talk a lot about in

0:13:05.120 --> 0:13:08.360
<v Speaker 4>our research group, is that if the next pandemic was

0:13:08.400 --> 0:13:11.720
<v Speaker 4>a fungal pandemic instead of a viral pandemic, we wouldn't

0:13:11.760 --> 0:13:15.160
<v Speaker 4>have things off the shelf ready to go. We wouldn't

0:13:15.200 --> 0:13:19.880
<v Speaker 4>have therapeutics, we would not have vaccine technology, and you know,

0:13:20.000 --> 0:13:21.760
<v Speaker 4>fighting our way out of that pandemic would be a

0:13:21.800 --> 0:13:24.559
<v Speaker 4>lot more difficult. And the reason is, at least from

0:13:24.600 --> 0:13:29.040
<v Speaker 4>my perspective, is that fungi are genetically very similar to

0:13:29.120 --> 0:13:31.720
<v Speaker 4>human beings. It turns out that there's around fifty percent

0:13:31.760 --> 0:13:35.320
<v Speaker 4>overlap between our genes, and so when we make drugs

0:13:35.360 --> 0:13:38.360
<v Speaker 4>to kill fungi, a lot of times there's off target

0:13:38.400 --> 0:13:41.880
<v Speaker 4>effects that are basically side effects to the human beings

0:13:41.920 --> 0:13:44.360
<v Speaker 4>taking them. And so one of the things we do

0:13:44.440 --> 0:13:48.959
<v Speaker 4>in the group is that we look for the mechanisms

0:13:49.000 --> 0:13:53.960
<v Speaker 4>that fungi use in warfare against other fungi and the

0:13:54.000 --> 0:13:57.440
<v Speaker 4>tools that they've developed through evolution to develop the next

0:13:57.480 --> 0:14:01.199
<v Speaker 4>generation of fungal therapeutics. So fungu i have gotten pretty

0:14:01.200 --> 0:14:03.960
<v Speaker 4>good at killing each other without themselves, and so that's

0:14:04.000 --> 0:14:07.120
<v Speaker 4>the lesson we learned from them, and that's historically a

0:14:07.160 --> 0:14:08.480
<v Speaker 4>lot of the way drugs are developed. If you think

0:14:08.480 --> 0:14:12.400
<v Speaker 4>about penicillin, that came from the discovery that a particular

0:14:12.440 --> 0:14:15.320
<v Speaker 4>fung guy on a peatriot dish stopped bacteria from growing,

0:14:15.520 --> 0:14:22.360
<v Speaker 4>and so the funguy made antibacterial agents. And we now

0:14:22.400 --> 0:14:24.760
<v Speaker 4>know that those are antibiotics, and we prescribe them all

0:14:24.800 --> 0:14:26.480
<v Speaker 4>the time. So we take a similar approach, but we

0:14:26.480 --> 0:14:29.040
<v Speaker 4>focus a lot on fungui to kill fungi. It's kind

0:14:29.080 --> 0:14:30.120
<v Speaker 4>of interesting to think about.

0:14:30.920 --> 0:14:33.240
<v Speaker 3>Yeah, totally, it kind of makes sense. Well, I just

0:14:33.240 --> 0:14:35.520
<v Speaker 3>think it's interesting because we talked to doctor Sharfstein from

0:14:35.520 --> 0:14:38.400
<v Speaker 3>the Johns Hopkins Bloomberg School the public health. There are

0:14:38.440 --> 0:14:42.080
<v Speaker 3>areas right about viruses and public health and the importance

0:14:42.120 --> 0:14:44.720
<v Speaker 3>of it and you know how it saves all of

0:14:44.760 --> 0:14:46.720
<v Speaker 3>our lives. And I just wonder, you know, is it

0:14:46.760 --> 0:14:48.920
<v Speaker 3>one of those things that is not getting the attention

0:14:49.280 --> 0:14:52.520
<v Speaker 3>that maybe it needs to. And I don't know how

0:14:52.560 --> 0:14:54.680
<v Speaker 3>you see it, like when you talk about it, when

0:14:54.680 --> 0:14:59.080
<v Speaker 3>you talk about it with you know, public health officials,

0:14:59.240 --> 0:15:01.400
<v Speaker 3>I don't know, what are you hearing, what are you seeing?

0:15:03.320 --> 0:15:05.960
<v Speaker 4>You know, I think this is my conjecture, you know,

0:15:06.080 --> 0:15:08.200
<v Speaker 4>I think that human beings in society are really good

0:15:08.200 --> 0:15:12.000
<v Speaker 4>to responding to emergencies, but prepared for emergencies or something

0:15:12.040 --> 0:15:14.760
<v Speaker 4>I don't think we do as well. And so I

0:15:14.760 --> 0:15:17.680
<v Speaker 4>think in the community, we've all known for a while

0:15:17.760 --> 0:15:21.520
<v Speaker 4>that we don't have off the shelf treatments or treatment

0:15:21.600 --> 0:15:25.080
<v Speaker 4>strategies for fungi in general. And you know, I think,

0:15:25.120 --> 0:15:28.120
<v Speaker 4>to be honest that, you know, until we have that

0:15:28.200 --> 0:15:31.200
<v Speaker 4>imminent threat, I'm concerned that we're not going to do enough.

0:15:31.240 --> 0:15:33.120
<v Speaker 4>And so when I talk about it, I think from

0:15:33.160 --> 0:15:37.280
<v Speaker 4>a scientific perspective, people acknowledge it's truth, but yet you

0:15:37.320 --> 0:15:40.360
<v Speaker 4>don't really see that much investment in those technologies. Now,

0:15:40.440 --> 0:15:42.760
<v Speaker 4>now that said, I'm part of a fairly large a

0:15:42.840 --> 0:15:46.200
<v Speaker 4>group of scientists that's funded by Howard Hughes Medical Institute,

0:15:46.920 --> 0:15:50.160
<v Speaker 4>and we are looking specifically at this problem. But I

0:15:50.200 --> 0:15:51.840
<v Speaker 4>don't think it's enough, you know, I think that there

0:15:51.880 --> 0:15:55.600
<v Speaker 4>needs to be an effort ftterally from the NIH. That's

0:15:55.640 --> 0:15:58.000
<v Speaker 4>my position and take on this issue.

0:15:58.200 --> 0:16:02.120
<v Speaker 1>So is there you mentioned NIH, and we're always interested

0:16:02.160 --> 0:16:04.960
<v Speaker 1>in funding, especially government funding of science. Is there a

0:16:05.000 --> 0:16:08.360
<v Speaker 1>concern that there may not be the same kind of

0:16:09.040 --> 0:16:13.400
<v Speaker 1>funding scope in terms of where scientific research money is

0:16:13.440 --> 0:16:13.960
<v Speaker 1>coming from.

0:16:15.800 --> 0:16:19.360
<v Speaker 4>There's a tremendous concern. So to bring some facts, you know,

0:16:19.440 --> 0:16:23.880
<v Speaker 4>in nineteen ninety eight, the National Institutes of Health established

0:16:24.040 --> 0:16:27.040
<v Speaker 4>a modular budgetary system. So you know, when you write

0:16:27.040 --> 0:16:29.600
<v Speaker 4>a proposal to the NIH asking for research money, you

0:16:29.640 --> 0:16:31.840
<v Speaker 4>can kind of, you know, do it an itemized way,

0:16:31.920 --> 0:16:34.000
<v Speaker 4>or you could just ask for a standard budget. That

0:16:34.120 --> 0:16:37.040
<v Speaker 4>standard budget was two hundred and fifty thousand dollars in

0:16:37.120 --> 0:16:39.080
<v Speaker 4>nineteen ninety eight, and it is two hundred and fifty

0:16:39.080 --> 0:16:42.200
<v Speaker 4>thousand dollars in twenty twenty four. And so what this

0:16:42.320 --> 0:16:45.400
<v Speaker 4>means is the research funding that used to support the

0:16:45.480 --> 0:16:49.680
<v Speaker 4>training of eight scientists or so, now you know, will

0:16:49.760 --> 0:16:53.080
<v Speaker 4>support two and a half scientists. And so the number

0:16:53.120 --> 0:16:56.840
<v Speaker 4>of people and workforce that we're training and putting towards

0:16:56.840 --> 0:17:00.440
<v Speaker 4>solving these really incredible, incredible, incredibly important problems and human

0:17:00.480 --> 0:17:04.919
<v Speaker 4>health is dramatically reduced. And so there is obviously a

0:17:04.960 --> 0:17:08.240
<v Speaker 4>funding issue out there, and it's concerning, you know. I

0:17:08.240 --> 0:17:11.560
<v Speaker 4>think the other part of it is traditionally there's been

0:17:11.560 --> 0:17:13.960
<v Speaker 4>a significant amount of investment from the private sector, in

0:17:13.960 --> 0:17:17.400
<v Speaker 4>particular from pharmaceutical companies into the type of research we do.

0:17:17.800 --> 0:17:19.840
<v Speaker 4>And I know that since two thousand and eight. The

0:17:20.119 --> 0:17:23.119
<v Speaker 4>financial crisis at that point slowed that down and it

0:17:23.160 --> 0:17:26.119
<v Speaker 4>hasn't quite recovered. So now we're in this situation where

0:17:26.320 --> 0:17:31.199
<v Speaker 4>the people that actually fuel pharmaceutical pharmaceutical innovation and that

0:17:31.240 --> 0:17:35.080
<v Speaker 4>whole industry are trained by research groups that are underfunded

0:17:35.080 --> 0:17:40.600
<v Speaker 4>by both the pharmaceutical industry and the government. And so

0:17:41.080 --> 0:17:42.719
<v Speaker 4>I don't know when this is going to catch up

0:17:42.720 --> 0:17:44.840
<v Speaker 4>and when this is going to really be born out

0:17:44.880 --> 0:17:47.200
<v Speaker 4>in terms of how much pharmaceutical innovation we can make,

0:17:47.200 --> 0:17:49.600
<v Speaker 4>but it's certainly a looming problem from my perspective.

0:17:50.280 --> 0:17:54.359
<v Speaker 1>So where else would universities like Caltech or MIIT or

0:17:54.359 --> 0:17:58.600
<v Speaker 1>Harvard look for research foundation if perhaps the government and

0:17:58.720 --> 0:18:01.800
<v Speaker 1>industry are curbing those numbers or they're not going as

0:18:01.800 --> 0:18:02.520
<v Speaker 1>far as they used to.

0:18:03.880 --> 0:18:05.800
<v Speaker 4>I think this ties into education, you know. From my

0:18:05.920 --> 0:18:08.240
<v Speaker 4>perspective is that, you know, I think we need to

0:18:08.280 --> 0:18:11.680
<v Speaker 4>do a better job educating on the undergraduate chemistry level

0:18:11.760 --> 0:18:14.679
<v Speaker 4>for a couple of reasons. Number one is that's going

0:18:14.760 --> 0:18:17.080
<v Speaker 4>to you know, continue a nice flow of tuition, right,

0:18:17.119 --> 0:18:20.119
<v Speaker 4>I mean, things are getting really expensive, but tuition also

0:18:20.280 --> 0:18:23.879
<v Speaker 4>goes and contributes to this research environment private donors, So

0:18:23.960 --> 0:18:26.639
<v Speaker 4>people that go off and are successful and do well.

0:18:27.000 --> 0:18:29.679
<v Speaker 4>Hopefully we'll look back at their chemistry courses and instead

0:18:29.720 --> 0:18:33.480
<v Speaker 4>of you know, having PTSD, will look back favorably on

0:18:33.960 --> 0:18:36.800
<v Speaker 4>what they learn there and hopefully make donations moving forward.

0:18:37.160 --> 0:18:40.200
<v Speaker 4>And finally, I think education is super important so that

0:18:40.240 --> 0:18:42.879
<v Speaker 4>the next round of policy makers will have had a

0:18:42.920 --> 0:18:47.280
<v Speaker 4>favorable experience, undergraduate experience. And so I think, you know,

0:18:47.400 --> 0:18:51.040
<v Speaker 4>we can look towards donors and philanthropy for money, and

0:18:51.080 --> 0:18:54.160
<v Speaker 4>that's great, but I still think ultimately the path towards

0:18:54.160 --> 0:18:57.359
<v Speaker 4>sustainability and scientific sustainability and competitiveness with the rest of

0:18:57.400 --> 0:19:00.720
<v Speaker 4>the world is going to rely on influence in policy.

0:19:01.680 --> 0:19:03.560
<v Speaker 2>Okay, we only have about forty seconds left. It's not

0:19:03.600 --> 0:19:05.680
<v Speaker 2>a ton of time for my last question, But professor,

0:19:06.560 --> 0:19:09.040
<v Speaker 2>is there something that keeps you up at night out there, like.

0:19:09.000 --> 0:19:12.040
<v Speaker 3>A fun guy that's just gonna like recaunt your last.

0:19:11.840 --> 0:19:12.639
<v Speaker 2>Of US comic on me?

0:19:12.680 --> 0:19:12.880
<v Speaker 1>Think?

0:19:12.880 --> 0:19:15.919
<v Speaker 4>And I know, yeah, you know, I think there's not

0:19:15.960 --> 0:19:19.440
<v Speaker 4>a particular fun guy. And actually, you know, I'm up.

0:19:19.560 --> 0:19:22.320
<v Speaker 4>I'm up a lot at night thinking about viruses too.

0:19:22.400 --> 0:19:26.560
<v Speaker 4>You know, I think that Stars two, Uh, that was

0:19:26.600 --> 0:19:29.320
<v Speaker 4>a very death disease. I think it was a thirty

0:19:29.359 --> 0:19:32.840
<v Speaker 4>percent or some double digit percentage fatality. It just wasn't

0:19:32.880 --> 0:19:36.159
<v Speaker 4>as infectious as as COVID or SARS three. And so

0:19:37.440 --> 0:19:40.280
<v Speaker 4>you know, any you know, disease that has this you know,

0:19:40.440 --> 0:19:43.119
<v Speaker 4>the potential as a contagion, and you know, and is

0:19:43.200 --> 0:19:46.440
<v Speaker 4>much more lethal. I think, could have a much dramatic,

0:19:46.680 --> 0:19:49.760
<v Speaker 4>much greater effect on society. And I'm afraid that we're

0:19:50.320 --> 0:19:52.760
<v Speaker 4>you know, gonna be complacent because we made it out

0:19:52.760 --> 0:19:56.200
<v Speaker 4>of COVID, you know, relatively intact as a society.

0:19:56.280 --> 0:19:58.800
<v Speaker 3>And so like we've had a theme around this today,

0:19:59.560 --> 0:20:01.560
<v Speaker 3>you know, and I think about this our conversation with

0:20:01.600 --> 0:20:04.800
<v Speaker 3>you in an earlier guestjose and Nelson, professor of chemistry

0:20:04.800 --> 0:20:07.520
<v Speaker 3>at California Institute of Technology, and our own Janet lore

0:20:07.560 --> 0:20:11.920
<v Speaker 3>And of Bloomberg News. This is Bloomberg Business Week. Don't forget,

0:20:11.960 --> 0:20:15.320
<v Speaker 3>of course, it's a huge week for AI and for Nvidia, Microsoft, Alphabet,

0:20:15.400 --> 0:20:18.440
<v Speaker 3>Amazon and meta platforms. We've talked about this over the

0:20:18.520 --> 0:20:21.720
<v Speaker 3>last couple of hours. All reporting earnings. In the coming days,

0:20:21.760 --> 0:20:25.040
<v Speaker 3>traders will be paying close attention to their capex spending

0:20:25.080 --> 0:20:28.000
<v Speaker 3>to gauge demand for Nvidia's chips, which are prized for

0:20:28.080 --> 0:20:30.479
<v Speaker 3>AI computing. It's something we kind of kicked off at

0:20:30.480 --> 0:20:30.960
<v Speaker 3>two pm.

0:20:31.200 --> 0:20:33.080
<v Speaker 2>Yeah, so in Vidia is not reporting this week. But

0:20:33.200 --> 0:20:36.679
<v Speaker 2>what we learn from these companies is how much demand

0:20:36.680 --> 0:20:38.760
<v Speaker 2>there is for Invidia, their cap ax.

0:20:38.960 --> 0:20:41.359
<v Speaker 3>These are their main customers, right, The bulk of what

0:20:41.480 --> 0:20:43.000
<v Speaker 3>Nvidia sales comes from these guys.

0:20:43.080 --> 0:20:44.720
<v Speaker 2>Well, I know Matt Olson's going to be watching this

0:20:44.720 --> 0:20:47.600
<v Speaker 2>stuff closely. He's chief innovation officer over at Burns and McDonald.

0:20:47.600 --> 0:20:51.239
<v Speaker 2>It's an employee owned engineering, architecture, construction, and environmental and

0:20:51.280 --> 0:20:55.400
<v Speaker 2>consulting firm. It plays in a host of industries aviation, infrastructure, healthcare,

0:20:55.520 --> 0:20:59.720
<v Speaker 2>military construction, consumer product manufacturing, food and beverage production, oil,

0:20:59.760 --> 0:21:03.240
<v Speaker 2>gas and chemicals, renewable energy, telecom, and more. He joined

0:21:03.240 --> 0:21:07.320
<v Speaker 2>the well all over the world too, Yeah, exactly. He

0:21:07.359 --> 0:21:10.479
<v Speaker 2>joined us here in the Bloomberg Interactive at Broker's studio. Welcome,

0:21:10.520 --> 0:21:10.919
<v Speaker 2>how are you?

0:21:11.119 --> 0:21:13.560
<v Speaker 5>Yeah, thanks for having me on. It's an exciting day,

0:21:13.560 --> 0:21:14.640
<v Speaker 5>beautiful day here in New York.

0:21:14.720 --> 0:21:16.320
<v Speaker 2>It is a nice day here in New York. Hasn't

0:21:16.400 --> 0:21:19.399
<v Speaker 2>rained in a while, which is very dry, but yeah,

0:21:19.440 --> 0:21:20.040
<v Speaker 2>it's all good.

0:21:20.800 --> 0:21:21.119
<v Speaker 4>Okay.

0:21:21.160 --> 0:21:24.520
<v Speaker 2>So the frenzy around AI and public markets, how has

0:21:24.560 --> 0:21:27.399
<v Speaker 2>that affected your job over the last couple of years?

0:21:27.560 --> 0:21:31.040
<v Speaker 5>Yeah, a couple different ways. We plan two aspects of

0:21:31.040 --> 0:21:34.919
<v Speaker 5>that market. One building the infrastructure, data centers, data centers,

0:21:35.240 --> 0:21:39.560
<v Speaker 5>the paragrade, two things massively impacted by the deployment of AI,

0:21:39.680 --> 0:21:42.360
<v Speaker 5>but then also on the need for our resources and

0:21:42.520 --> 0:21:45.040
<v Speaker 5>our actual deployment of AI within our businesses.

0:21:45.119 --> 0:21:46.879
<v Speaker 2>When you say resources are do you do you actually

0:21:46.920 --> 0:21:48.720
<v Speaker 2>mean the production of electricity.

0:21:48.720 --> 0:21:51.240
<v Speaker 5>One of the number of people we need that keep

0:21:51.320 --> 0:21:54.360
<v Speaker 5>up with the market demand. You know, can we attract

0:21:54.520 --> 0:21:58.359
<v Speaker 5>enough talent? Is there enough people graduating to execute all

0:21:58.400 --> 0:22:02.840
<v Speaker 5>the work? The projects are big, you're moving faster than

0:22:02.840 --> 0:22:06.639
<v Speaker 5>ever before, and we've had to look for ways. You know,

0:22:06.880 --> 0:22:10.120
<v Speaker 5>as we're bringing more renewable energy onto the grid, we're

0:22:10.160 --> 0:22:12.760
<v Speaker 5>dealing with a more complex situation. It's not just a

0:22:12.760 --> 0:22:15.240
<v Speaker 5>few big plans anymore. Its sources all over the place,

0:22:15.280 --> 0:22:19.520
<v Speaker 5>and so that means more planning, more construction projects, more

0:22:19.600 --> 0:22:23.399
<v Speaker 5>things to engage with, and that requires more human capital

0:22:23.440 --> 0:22:28.399
<v Speaker 5>to make that happen, and something that we haven't decent supply,

0:22:28.520 --> 0:22:30.120
<v Speaker 5>but we could always use more of here in the US.

0:22:30.160 --> 0:22:31.760
<v Speaker 3>Well, tell us about that, Like, what are you looking

0:22:31.840 --> 0:22:34.160
<v Speaker 3>for in hires and new hires? What kind of backgrounds

0:22:34.160 --> 0:22:34.840
<v Speaker 3>are you looking for?

0:22:35.800 --> 0:22:41.160
<v Speaker 5>Experienced people with engineering over almost any discipline, a lot.

0:22:41.040 --> 0:22:43.280
<v Speaker 3>And any engineers or are you looking.

0:22:43.080 --> 0:22:48.280
<v Speaker 5>For any kind generally in MySpace, specifically electrical computer data

0:22:48.320 --> 0:22:54.000
<v Speaker 5>scientist roles and responsibilities or a prime However, with the

0:22:54.080 --> 0:22:57.120
<v Speaker 5>availability of labor, we are cross training people if they

0:22:57.440 --> 0:23:00.560
<v Speaker 5>are do not necessarily have the background, and that's because

0:23:00.920 --> 0:23:04.000
<v Speaker 5>we're looking to always be adding to our ranks.

0:23:04.040 --> 0:23:07.960
<v Speaker 3>Matt, I'm wondering are you concerned about the presidential election

0:23:08.040 --> 0:23:10.679
<v Speaker 3>outcome and what it might mean for immigration and especially

0:23:10.960 --> 0:23:13.520
<v Speaker 3>those with the skills that you might be interested in

0:23:13.560 --> 0:23:15.320
<v Speaker 3>and maybe are I don't know how much of your

0:23:15.520 --> 0:23:18.760
<v Speaker 3>talent pool comes from outside the United States and you guys.

0:23:18.560 --> 0:23:23.280
<v Speaker 5>Are, Yeah, we do projects worldwide. We're you know with

0:23:23.359 --> 0:23:27.439
<v Speaker 5>the presidential election. Fortunately, in the infrastructure business runs on

0:23:27.560 --> 0:23:32.040
<v Speaker 5>very long time cycles, so immediate impacts not one hundred

0:23:32.040 --> 0:23:34.600
<v Speaker 5>percent clear to you know. Projects that we're working on

0:23:34.680 --> 0:23:37.240
<v Speaker 5>now will be working on for the next eighteen to

0:23:37.280 --> 0:23:38.119
<v Speaker 5>twenty four months.

0:23:38.200 --> 0:23:38.399
<v Speaker 4>You know.

0:23:38.480 --> 0:23:41.640
<v Speaker 5>The key things are that we keep that project pipeline

0:23:41.760 --> 0:23:47.159
<v Speaker 5>working effectively, that regulation that permits are getting approved, to

0:23:47.200 --> 0:23:50.359
<v Speaker 5>keep our construction backlog strong and be able to let

0:23:50.440 --> 0:23:54.560
<v Speaker 5>us complete all the projects that everybody wants to be completed.

0:23:54.640 --> 0:23:57.640
<v Speaker 5>You know, infrastructure something that's the forefront of everybody's mind.

0:23:57.800 --> 0:24:00.760
<v Speaker 5>It's something that we used to not talk a lot about,

0:24:00.800 --> 0:24:02.040
<v Speaker 5>but every day I.

0:24:02.040 --> 0:24:04.840
<v Speaker 3>Say infrastructure, Is it data centers or what else? Like

0:24:04.920 --> 0:24:08.040
<v Speaker 3>what infrastructure covers so much? People can think bridges, but

0:24:08.040 --> 0:24:09.120
<v Speaker 3>it can mean so much of it.

0:24:09.119 --> 0:24:11.159
<v Speaker 5>It is, so I'm curious all of those items for

0:24:11.840 --> 0:24:14.840
<v Speaker 5>Burns and McDonald, it's across all that space. It's you know,

0:24:14.880 --> 0:24:17.040
<v Speaker 5>anything that we depend on from water and waste, water,

0:24:17.520 --> 0:24:22.359
<v Speaker 5>roads and bridges. My specific discipline is mostly in the

0:24:22.520 --> 0:24:25.359
<v Speaker 5>electrical space, so the power grid and the data centers,

0:24:25.440 --> 0:24:28.640
<v Speaker 5>the fiber optic and telecommunications of a structure that ties

0:24:28.720 --> 0:24:31.920
<v Speaker 5>those resources together. It used to be if you wanted power,

0:24:31.960 --> 0:24:34.480
<v Speaker 5>you called up the electric utility and you made your

0:24:34.520 --> 0:24:37.520
<v Speaker 5>interconnection request and your service would be provided, you know,

0:24:37.520 --> 0:24:40.080
<v Speaker 5>some months later, maybe a year later. Now that's not

0:24:40.119 --> 0:24:42.919
<v Speaker 5>always clear that that's going to happen in the marketplace

0:24:43.000 --> 0:24:46.840
<v Speaker 5>that we're now in the space where we're having to

0:24:46.840 --> 0:24:48.879
<v Speaker 5>really look at what can the grid support, where is

0:24:48.920 --> 0:24:51.840
<v Speaker 5>available energy? And then that is one of the primary

0:24:51.840 --> 0:24:55.240
<v Speaker 5>factors and where we're citing data centers and the scale

0:24:55.359 --> 0:24:59.040
<v Speaker 5>and the speed of these projects is just getting larger

0:24:59.280 --> 0:25:00.320
<v Speaker 5>and much faster.

0:25:00.359 --> 0:25:01.720
<v Speaker 2>If you think about this like a chain with the

0:25:01.760 --> 0:25:05.439
<v Speaker 2>weakest link, where is the weakest link right now? Is

0:25:05.480 --> 0:25:07.440
<v Speaker 2>it the infrastructure? Is it the grid? What the grid

0:25:07.480 --> 0:25:09.359
<v Speaker 2>can actually handle? Are there areas of the country that

0:25:09.400 --> 0:25:16.240
<v Speaker 2>can't accommodate what needs will be desired for data centers

0:25:16.280 --> 0:25:17.920
<v Speaker 2>for electrical consumption?

0:25:18.160 --> 0:25:20.840
<v Speaker 5>Yes, I see. The biggest challenge is maybe time scales.

0:25:20.960 --> 0:25:23.359
<v Speaker 5>It's that we can do a lot with the infrastructure

0:25:23.359 --> 0:25:24.840
<v Speaker 5>that we have, with the grid that we have, but

0:25:25.400 --> 0:25:28.000
<v Speaker 5>matching up the what is the source? You know, the

0:25:28.480 --> 0:25:31.560
<v Speaker 5>super interesting thing about AI and data centers a continuous

0:25:31.720 --> 0:25:35.919
<v Speaker 5>demand for energy with what are the sources available in

0:25:35.960 --> 0:25:38.760
<v Speaker 5>that space? And then what is the interconnecting capacity coming

0:25:38.800 --> 0:25:42.520
<v Speaker 5>through the grid? So is the also exist in one place? Yeah,

0:25:42.640 --> 0:25:43.240
<v Speaker 5>you know, but is.

0:25:43.240 --> 0:25:46.680
<v Speaker 2>The conchainous demand portion the tough part because the way

0:25:46.680 --> 0:25:49.000
<v Speaker 2>that demand has worked has been so based on the

0:25:49.000 --> 0:25:49.720
<v Speaker 2>time of day.

0:25:49.760 --> 0:25:54.600
<v Speaker 5>Traditionally, I think, traditionally the energy grid has been a

0:25:54.800 --> 0:25:57.399
<v Speaker 5>demand driven infrastructure. Whatever the demand is, we'll build the

0:25:57.440 --> 0:26:02.399
<v Speaker 5>supply to meet it. With renewable energy coming a bigger

0:26:02.400 --> 0:26:05.439
<v Speaker 5>and bigger portion. We don't always uh you know, we'll

0:26:05.520 --> 0:26:08.640
<v Speaker 5>say that it's consistent, but it can be intermittent that

0:26:08.760 --> 0:26:10.760
<v Speaker 5>we have to you know, how are we going to

0:26:10.760 --> 0:26:13.560
<v Speaker 5>put that puzzle together on any given day? And the

0:26:13.560 --> 0:26:16.520
<v Speaker 5>most efficient thing is can we move the load around

0:26:16.600 --> 0:26:18.640
<v Speaker 5>to match? You know, can we charge your car when

0:26:18.640 --> 0:26:21.720
<v Speaker 5>we have an access supply? Challenging thing with data centers

0:26:21.800 --> 0:26:25.560
<v Speaker 5>is generally they are a continuous load, although some technology

0:26:25.600 --> 0:26:27.639
<v Speaker 5>providers are now looking how could we change that up?

0:26:27.880 --> 0:26:31.680
<v Speaker 5>What you know, does it make sense to follow the

0:26:31.680 --> 0:26:34.639
<v Speaker 5>sun around the world with our compute loads or only

0:26:35.119 --> 0:26:37.880
<v Speaker 5>compute certain things? And an interesting diconomy when you're looking

0:26:37.920 --> 0:26:41.240
<v Speaker 5>at the cost of buying all those chips, building all

0:26:41.240 --> 0:26:44.160
<v Speaker 5>those data centers versus the supply of energy, which one

0:26:44.440 --> 0:26:46.040
<v Speaker 5>how is that going to be balanced out? And which

0:26:46.080 --> 0:26:49.000
<v Speaker 5>one is going to win at any given time. We

0:26:49.000 --> 0:26:52.080
<v Speaker 5>always want our tweets faster and our you know, our

0:26:52.119 --> 0:26:55.239
<v Speaker 5>text messages. We're not a patient society anymore, so how

0:26:55.240 --> 0:26:58.479
<v Speaker 5>are we going to balance that with just frankly, you know,

0:26:59.000 --> 0:27:02.560
<v Speaker 5>infrastructure takes a while. People come and they have an expectation,

0:27:02.680 --> 0:27:04.119
<v Speaker 5>Oh well, you know, why can't you just get that

0:27:04.119 --> 0:27:05.600
<v Speaker 5>for us done in a couple of months. You're like,

0:27:06.000 --> 0:27:08.280
<v Speaker 5>there's a few things involved, so you.

0:27:08.240 --> 0:27:11.360
<v Speaker 3>Know, we've dond so many stories about our grid being

0:27:11.480 --> 0:27:15.239
<v Speaker 3>you know, overtaxed and it needs to build out. I

0:27:15.280 --> 0:27:17.160
<v Speaker 3>am wondering. I'm thinking about our audience who are listening.

0:27:17.160 --> 0:27:20.400
<v Speaker 3>It's an investing audience, you know, from your vantage point,

0:27:20.480 --> 0:27:23.240
<v Speaker 3>what do they need to understand when it comes to

0:27:24.040 --> 0:27:27.240
<v Speaker 3>our grid and our power needs. I get the data

0:27:27.280 --> 0:27:29.800
<v Speaker 3>center and we're all investing. It's all wonderful about.

0:27:29.720 --> 0:27:31.800
<v Speaker 5>I think the biggest perspective that I have is we're

0:27:31.800 --> 0:27:34.399
<v Speaker 5>trying to do multiple things all at once. We have

0:27:34.440 --> 0:27:38.200
<v Speaker 5>an asset, you know, it's a very large, complex system

0:27:38.600 --> 0:27:41.359
<v Speaker 5>that took us a century to build and now in

0:27:41.400 --> 0:27:43.680
<v Speaker 5>the next depending on which timescale you want, whether or

0:27:43.720 --> 0:27:46.119
<v Speaker 5>not you're talking twenty thirty, twenty forty five, twenty fifty,

0:27:46.600 --> 0:27:50.400
<v Speaker 5>we want to reduce our carbon component to that we

0:27:50.440 --> 0:27:53.040
<v Speaker 5>want to make it more resilient, and we want it

0:27:53.080 --> 0:27:55.600
<v Speaker 5>to support an additional load. And we want to de

0:27:55.680 --> 0:27:58.879
<v Speaker 5>carbon iiced heating, and we want to change transportation and

0:27:58.920 --> 0:28:01.399
<v Speaker 5>do it yesterday. And that is a lot of things

0:28:01.480 --> 0:28:04.560
<v Speaker 5>to be done in one piece of infrastructure at the

0:28:04.600 --> 0:28:06.879
<v Speaker 5>same time. So how do we balance all those priorities.

0:28:07.280 --> 0:28:11.600
<v Speaker 2>The presidential campaign right now, we've.

0:28:11.400 --> 0:28:12.720
<v Speaker 5>Got the great to take care of right now.

0:28:12.960 --> 0:28:15.919
<v Speaker 3>Matt Olson, chief innovation Officer at Burns and McDonald, thank

0:28:15.920 --> 0:28:16.880
<v Speaker 3>you so much, appreciate it.