1 00:00:01,240 --> 00:00:02,000 Speaker 1: Earners. What's up. 2 00:00:02,080 --> 00:00:04,560 Speaker 2: You ever walk into a small business and everything just 3 00:00:04,720 --> 00:00:07,880 Speaker 2: works like The checkout is fast, the receipts are digital, 4 00:00:08,400 --> 00:00:11,399 Speaker 2: tipping is a breeze, and you're out the door before 5 00:00:11,400 --> 00:00:15,560 Speaker 2: the line even builds. Odds are they're using Square. We 6 00:00:15,720 --> 00:00:18,280 Speaker 2: love supporting businesses that run on Square because it just 7 00:00:18,280 --> 00:00:21,520 Speaker 2: feels seamless. Whether it's a local coffee shop, a vendor 8 00:00:21,560 --> 00:00:23,840 Speaker 2: at a pop up market, or even one of our 9 00:00:23,880 --> 00:00:27,560 Speaker 2: merch partners, Square makes it easy for them to take payments, 10 00:00:27,760 --> 00:00:31,480 Speaker 2: manage inventory, and run their business with confidence, all from 11 00:00:31,600 --> 00:00:35,000 Speaker 2: one simple system. If you're a business owner or even 12 00:00:35,080 --> 00:00:38,600 Speaker 2: just thinking about launching something soon, Square is hands down 13 00:00:38,640 --> 00:00:41,680 Speaker 2: one of the best tools out there to help you start, run, 14 00:00:41,920 --> 00:00:45,240 Speaker 2: and grow. It's not just about payments, it's about giving 15 00:00:45,240 --> 00:00:47,920 Speaker 2: you time back so you can focus on what matters 16 00:00:47,960 --> 00:00:51,199 Speaker 2: most Ready. To see how Square can transform your business, 17 00:00:51,479 --> 00:00:56,120 Speaker 2: visit Square dot com backslash go backslash eyl to learn 18 00:00:56,160 --> 00:01:01,360 Speaker 2: more that Square dot com backslash, go backslash eyl. Don't wait, 19 00:01:01,640 --> 00:01:04,480 Speaker 2: don't hesitate. Let's Square handle the back end so you 20 00:01:04,480 --> 00:01:10,839 Speaker 2: can keep pushing your vision forward. This episode is brought 21 00:01:10,840 --> 00:01:12,760 Speaker 2: to you by P and C Bank, a lot of 22 00:01:12,760 --> 00:01:16,360 Speaker 2: people think podcasts about work are boring, and sure they 23 00:01:16,440 --> 00:01:20,319 Speaker 2: definitely can be, but understanding of professional's routine shows us 24 00:01:20,319 --> 00:01:24,840 Speaker 2: how they achieve their success little by little, day after day. 25 00:01:24,959 --> 00:01:27,440 Speaker 2: It's like banking with P and C Bank. It might 26 00:01:27,560 --> 00:01:30,440 Speaker 2: seem boring to save, plan and make calculated decisions with 27 00:01:30,480 --> 00:01:33,520 Speaker 2: your bank, but keeping your money boring is what helps 28 00:01:33,520 --> 00:01:36,640 Speaker 2: you live or more happily fulfilled life. P and C 29 00:01:36,760 --> 00:01:41,920 Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since 30 00:01:41,959 --> 00:01:44,520 Speaker 2: eighteen sixty five is a service mark of the PNC 31 00:01:44,720 --> 00:01:48,680 Speaker 2: Financial Service Group, Inc. P and C Bank National Association 32 00:01:48,880 --> 00:01:49,840 Speaker 2: Member FDIC. 33 00:01:51,760 --> 00:01:58,040 Speaker 3: All right, Novo Nordic and Eli Lilly are both facing 34 00:01:58,080 --> 00:02:04,640 Speaker 3: a growing federal multi district litigation over two thousand lawsuits 35 00:02:04,640 --> 00:02:09,240 Speaker 3: so far, which are estimated to be, you know, valued 36 00:02:09,240 --> 00:02:11,080 Speaker 3: at over two billion dollars as far as like how 37 00:02:11,160 --> 00:02:16,240 Speaker 3: much they're actually asking for over in o Zimpic and 38 00:02:16,360 --> 00:02:24,960 Speaker 3: similar drugs. Some cases allege rare vision problems among other issues. 39 00:02:25,120 --> 00:02:28,520 Speaker 3: So okay, we'll talk about both companies, but let's talk 40 00:02:28,520 --> 00:02:31,880 Speaker 3: about Novo first. And you know, the Ozimpic conversation is 41 00:02:31,919 --> 00:02:33,880 Speaker 3: interested in it because I hate to say that I 42 00:02:33,919 --> 00:02:36,880 Speaker 3: told you so, but I did because last year I 43 00:02:36,960 --> 00:02:39,080 Speaker 3: was like, you know, as far as seen this movie 44 00:02:39,080 --> 00:02:42,000 Speaker 3: happen before, we don't know what's gonna happen next. But 45 00:02:42,040 --> 00:02:46,799 Speaker 3: whenever something good happens, there's a Chinese parable. And if 46 00:02:46,840 --> 00:02:50,440 Speaker 3: you watch the movie Charlie Wilson's War, right at the 47 00:02:50,560 --> 00:02:54,080 Speaker 3: end of the movie, they tell the parable because Charlie 48 00:02:54,120 --> 00:02:59,400 Speaker 3: Wilson's War is about Afghanistan history. Let's go into a 49 00:02:59,520 --> 00:03:09,240 Speaker 3: history rabbit hole. Okay, Afghanistan in the eighties was fighting 50 00:03:09,280 --> 00:03:12,680 Speaker 3: the Soviet Union. At the time, the Soviet Union was 51 00:03:13,240 --> 00:03:18,440 Speaker 3: America's biggest enemy, right, so what did America do? America 52 00:03:18,600 --> 00:03:23,920 Speaker 3: backed the rebels in Afghanistan and Afghanistan pulled off a 53 00:03:24,040 --> 00:03:28,200 Speaker 3: very unlikely defeat. Who was who was one of the 54 00:03:28,320 --> 00:03:35,520 Speaker 3: leaders of the rebels in Afghanistan that America funded? Put 55 00:03:35,520 --> 00:03:40,520 Speaker 3: in Chat put in Chat? This is like, uh, what's that. 56 00:03:40,520 --> 00:03:44,840 Speaker 1: Show, dude, bake up the court. 57 00:03:45,800 --> 00:03:47,360 Speaker 3: Who was one of the leaders, who was one of 58 00:03:47,360 --> 00:03:52,440 Speaker 3: the leaders in Afghanistan in their fight against the Soviet 59 00:03:52,560 --> 00:03:56,480 Speaker 3: Union that the United States of America funded? 60 00:03:58,800 --> 00:03:59,360 Speaker 1: Riot boy? 61 00:03:59,720 --> 00:04:00,800 Speaker 3: Oh sama? 62 00:04:01,960 --> 00:04:06,960 Speaker 1: Then love? Is that in the YouTube privacy? 63 00:04:07,200 --> 00:04:10,360 Speaker 3: No, that's the historical fact. That's that's not controversial, that's historical. 64 00:04:11,000 --> 00:04:18,680 Speaker 3: That's a document. That's a sixty minute special document Jesus. 65 00:04:18,440 --> 00:04:20,359 Speaker 4: That might not be in the global that should be 66 00:04:20,360 --> 00:04:22,480 Speaker 4: in the global studies curriculum. 67 00:04:22,839 --> 00:04:24,320 Speaker 1: I should know that. Okay. 68 00:04:24,839 --> 00:04:29,200 Speaker 3: So at the end, so at the end, everybody's happy 69 00:04:29,200 --> 00:04:33,680 Speaker 3: that they won the war, right, And Charlie Wilson and 70 00:04:33,760 --> 00:04:36,400 Speaker 3: not the Charlie Wilson that we know. Charlie Wilson was 71 00:04:36,800 --> 00:04:44,120 Speaker 3: a senator, but he was telling he was lobbying the 72 00:04:44,160 --> 00:04:48,919 Speaker 3: Congress that look, we need to we need to support Afghanistan, 73 00:04:49,080 --> 00:04:52,920 Speaker 3: help them rebuild their country because if not, it's a 74 00:04:53,040 --> 00:04:56,640 Speaker 3: vacuum and it's going to go into chaos and they're 75 00:04:56,680 --> 00:05:01,000 Speaker 3: gonna end up hating us. Nobody took them, siou. They 76 00:05:01,040 --> 00:05:03,160 Speaker 3: never gave any money, They didn't rebuild the country. They 77 00:05:03,200 --> 00:05:04,960 Speaker 3: just left them alone and just say, yeah, you're on 78 00:05:04,960 --> 00:05:08,479 Speaker 3: your own now. The rise of the Talent Band comes 79 00:05:08,520 --> 00:05:14,279 Speaker 3: directly from that, say that, to say, you never know 80 00:05:14,600 --> 00:05:18,159 Speaker 3: in life. You gotta be patient. You gotta be patient. 81 00:05:18,200 --> 00:05:20,479 Speaker 3: What looks like a blessing could be a curse. What 82 00:05:20,560 --> 00:05:22,640 Speaker 3: looks like what looks like a curse can be a blessing. 83 00:05:23,560 --> 00:05:29,040 Speaker 3: When this whole ozimpic thing started to go crazy. I said, listen, 84 00:05:30,640 --> 00:05:33,480 Speaker 3: most good things have some level of negative side effect. 85 00:05:33,920 --> 00:05:34,920 Speaker 1: Let's see what happens. 86 00:05:35,320 --> 00:05:38,840 Speaker 3: I just had a strong suspicion that if people are 87 00:05:38,880 --> 00:05:44,040 Speaker 3: losing weight this quickly, there's a negative trade off, and 88 00:05:44,080 --> 00:05:47,680 Speaker 3: that negative trade off would lead to billions of dollars 89 00:05:47,720 --> 00:05:51,960 Speaker 3: in lawsuits down the line. Lo and behold. One year later, 90 00:05:52,200 --> 00:05:54,920 Speaker 3: that's exactly what happens. Stock went from one hundred and 91 00:05:55,000 --> 00:05:59,360 Speaker 3: forty two dollars to fifty four dollars currently, fell off 92 00:05:59,360 --> 00:06:01,839 Speaker 3: a cliff, going blind. 93 00:06:02,160 --> 00:06:07,640 Speaker 5: That's crazywns. We've ever seen for a publicly traded company too. 94 00:06:07,680 --> 00:06:11,839 Speaker 4: In that space inside the lawsuit, here are the side 95 00:06:11,880 --> 00:06:15,640 Speaker 4: effects that are actually going to be a part of litigation. 96 00:06:15,680 --> 00:06:21,080 Speaker 4: Stomach paralysis, intestinal blockages, persistent vomiting, go back issues, pancreatis, 97 00:06:21,320 --> 00:06:22,800 Speaker 4: kidney damage, and sunning. 98 00:06:22,880 --> 00:06:27,719 Speaker 1: Vision loss linked to a condition called naion. The vision losses. 99 00:06:27,760 --> 00:06:31,640 Speaker 1: But that's crazy. Yeah, that's crazy vision. 100 00:06:31,720 --> 00:06:34,640 Speaker 3: You're taking medicine to lose weight and then you just 101 00:06:34,680 --> 00:06:35,600 Speaker 3: can't see one day. 102 00:06:35,640 --> 00:06:37,640 Speaker 1: Well, you're taking it for diabetes first. 103 00:06:37,480 --> 00:06:40,960 Speaker 3: Well most people, they figured out people just started taking 104 00:06:40,960 --> 00:06:41,640 Speaker 3: it just to lose weight. 105 00:06:41,880 --> 00:06:42,080 Speaker 1: Yeah. 106 00:06:42,920 --> 00:06:47,800 Speaker 3: Now I'm very sensitive that obesity is an epidemic in 107 00:06:48,120 --> 00:06:50,960 Speaker 3: our nation, in our community. So I don't want to 108 00:06:50,960 --> 00:06:57,560 Speaker 3: be insensitive to anybody that has taken ozmpic. But nine 109 00:06:57,600 --> 00:06:59,880 Speaker 3: times out of ten, when you're doing things and you're 110 00:07:00,440 --> 00:07:04,880 Speaker 3: you're cutting corners, it's going to You're going to come back. 111 00:07:05,520 --> 00:07:07,800 Speaker 3: So their defense and I'm not here to defend them. 112 00:07:07,880 --> 00:07:11,880 Speaker 4: Inside the litigation, Chan says, they're saying that, yes, all 113 00:07:11,960 --> 00:07:14,840 Speaker 4: drugs do come aside effects, but they're at there actively 114 00:07:14,880 --> 00:07:20,840 Speaker 4: suing pharmacies for producing unapproved versions of the g lp ones. 115 00:07:21,400 --> 00:07:25,080 Speaker 4: So people would get in the off brand is what 116 00:07:25,120 --> 00:07:27,560 Speaker 4: they're saying. Right, Like you weren't getting with GOVI got 117 00:07:27,640 --> 00:07:29,960 Speaker 4: cut twice. You can't get stepped on it. 118 00:07:30,000 --> 00:07:31,880 Speaker 3: Got stepped on cut. You know what's so crazy too? 119 00:07:32,000 --> 00:07:34,200 Speaker 3: Like shout out to my guy Chocolate. He's a designer 120 00:07:34,240 --> 00:07:38,680 Speaker 3: from Ghana. So he came to America for investmentest and 121 00:07:39,440 --> 00:07:41,600 Speaker 3: I saw him the first day that he came and 122 00:07:41,600 --> 00:07:43,640 Speaker 3: he had a headache. He was with him and his 123 00:07:43,760 --> 00:07:48,560 Speaker 3: other guy and I'm like, yo, you need a m 124 00:07:49,440 --> 00:07:49,800 Speaker 3: and he. 125 00:07:49,840 --> 00:07:50,120 Speaker 1: Was like. 126 00:07:51,600 --> 00:07:54,880 Speaker 3: He's like we don't take He's like from Africa, Like 127 00:07:54,920 --> 00:07:56,880 Speaker 3: we're going to take a natural route. Then he gave 128 00:07:56,880 --> 00:07:59,960 Speaker 3: me a whole ten minute education on a natural room 129 00:08:00,320 --> 00:08:03,800 Speaker 3: and how you how you can cure headaches naturally? 130 00:08:04,240 --> 00:08:04,480 Speaker 1: Dad. 131 00:08:04,920 --> 00:08:06,880 Speaker 3: But the way he said avil, you would think I 132 00:08:06,960 --> 00:08:12,520 Speaker 3: offered him crack cocaine. But that goes back to our 133 00:08:12,680 --> 00:08:17,720 Speaker 3: Western We have so much medicine that we don't even 134 00:08:17,800 --> 00:08:20,680 Speaker 3: think about about it. We don't think about what's natural, 135 00:08:20,760 --> 00:08:23,360 Speaker 3: We don't think about how can we do this organically? 136 00:08:23,440 --> 00:08:25,120 Speaker 3: We just think, Yo, right, I'm just gonna go to 137 00:08:25,160 --> 00:08:28,600 Speaker 3: CVS and I'm gonna get right until until you until 138 00:08:28,640 --> 00:08:33,200 Speaker 3: you have these side effects. So be careful to anybody 139 00:08:33,200 --> 00:08:35,760 Speaker 3: that's taking these drugs because obviously it has a lot 140 00:08:35,760 --> 00:08:38,400 Speaker 3: of negative side effects. Now, as far as the business 141 00:08:38,440 --> 00:08:41,160 Speaker 3: is concerned, Nova was a stock that was flying high 142 00:08:41,200 --> 00:08:42,720 Speaker 3: and it's come down dramatically. 143 00:08:43,720 --> 00:08:44,280 Speaker 1: Is it over? 144 00:08:46,880 --> 00:08:49,880 Speaker 5: No, it's not over because I don't want to do 145 00:08:49,920 --> 00:08:52,480 Speaker 5: the dead or a live thing. Are they in critical condition? 146 00:08:52,600 --> 00:08:52,800 Speaker 1: Yes? 147 00:08:53,000 --> 00:08:56,360 Speaker 5: Like going back to best in class. At one point 148 00:08:56,400 --> 00:08:58,400 Speaker 5: I had people telling me Novo was a better company 149 00:08:58,440 --> 00:09:03,560 Speaker 5: than Lily. How also, too write this down, you have 150 00:09:03,640 --> 00:09:09,000 Speaker 5: to study the history of the category. Any company that 151 00:09:09,280 --> 00:09:12,000 Speaker 5: has a product that is publicly traded that is guaranteed 152 00:09:12,040 --> 00:09:15,360 Speaker 5: to have you lose weight. Going back to Finn Finn 153 00:09:15,440 --> 00:09:19,080 Speaker 5: of the nineteen eighties and nineteen nineties, this category normally 154 00:09:19,120 --> 00:09:19,840 Speaker 5: has been a. 155 00:09:22,000 --> 00:09:22,559 Speaker 3: Disaster. 156 00:09:23,520 --> 00:09:28,080 Speaker 5: Novo had Cockrisima back in the day. Like this entire 157 00:09:28,120 --> 00:09:31,080 Speaker 5: class of rapid result weight loss. The issue is always 158 00:09:31,120 --> 00:09:34,440 Speaker 5: heart or stomach issues or liver issues. So it may 159 00:09:34,520 --> 00:09:37,480 Speaker 5: have a blockbuster rise for a little bit, but it's 160 00:09:37,520 --> 00:09:38,160 Speaker 5: not sustainable. 161 00:09:38,240 --> 00:09:39,360 Speaker 1: The things that makes Littally different. 162 00:09:39,360 --> 00:09:42,080 Speaker 5: They have a bunch of other drugs, world class executive 163 00:09:42,160 --> 00:09:45,960 Speaker 5: leadership and different modes that Novo does not have. But 164 00:09:46,000 --> 00:09:49,080 Speaker 5: if you go to look at the history of these 165 00:09:49,320 --> 00:09:54,520 Speaker 5: going back to the nineteen going back to nineteen sixty four, 166 00:09:55,120 --> 00:09:58,800 Speaker 5: within seven years there's lawsuits or collapse in the stock 167 00:09:59,040 --> 00:10:03,640 Speaker 5: tie to weight law products. It's not natural like and 168 00:10:03,679 --> 00:10:07,400 Speaker 5: then even gop ones the venom from a. 169 00:10:07,440 --> 00:10:10,160 Speaker 1: Geala lizard astracted. 170 00:10:11,000 --> 00:10:14,480 Speaker 5: It's not probably so you're putting but that was for 171 00:10:14,600 --> 00:10:17,360 Speaker 5: my Christians. If you're putting lizard and snake venom in 172 00:10:17,400 --> 00:10:19,520 Speaker 5: your body to get the weight of the world off 173 00:10:19,520 --> 00:10:23,240 Speaker 5: of you, yeah, that makes I don't even want to 174 00:10:23,280 --> 00:10:29,600 Speaker 5: go into the inferias reptilian lord world view. But that's 175 00:10:29,760 --> 00:10:32,280 Speaker 5: not what I want to do. Knowing the source of 176 00:10:32,320 --> 00:10:36,520 Speaker 5: the thing is really important. So this space as a whole, 177 00:10:36,600 --> 00:10:39,360 Speaker 5: it's not one that I like to even look to 178 00:10:39,400 --> 00:10:41,240 Speaker 5: invest in long term. 179 00:10:41,480 --> 00:10:44,600 Speaker 4: The snake thing is a little bit exaggerated, a little bit, 180 00:10:44,720 --> 00:10:46,840 Speaker 4: A little bit. I did the deep dive into that. 181 00:10:46,880 --> 00:10:48,480 Speaker 4: I was because I was interested. I'm like, like, oh, 182 00:10:49,000 --> 00:10:52,280 Speaker 4: this is crazy, but it's Novo dead. No, they're not dead. 183 00:10:52,640 --> 00:10:56,800 Speaker 4: Five years ago they were trading thirty dollars. Think about that. 184 00:10:58,840 --> 00:11:02,000 Speaker 4: I'm going to say, they make you get back to that. 185 00:11:02,080 --> 00:11:04,920 Speaker 1: Now, can I land the plane? I land the plane. 186 00:11:05,360 --> 00:11:05,920 Speaker 1: They were at. 187 00:11:05,760 --> 00:11:09,640 Speaker 4: Thirty dollars right before the weight loss craze happened, right 188 00:11:09,960 --> 00:11:12,439 Speaker 4: they o Zepik was the name. It also became like 189 00:11:12,520 --> 00:11:16,400 Speaker 4: band aid. And obviously Lily has come in the problem. 190 00:11:16,440 --> 00:11:19,000 Speaker 4: And I think you laid it out pretty nicely. The 191 00:11:19,000 --> 00:11:20,920 Speaker 4: one thing that they don't have is they're not an 192 00:11:20,920 --> 00:11:21,680 Speaker 4: American company. 193 00:11:21,800 --> 00:11:25,400 Speaker 6: An illegal alien from Guatemala charged with raping a child 194 00:11:25,480 --> 00:11:29,280 Speaker 6: in Massachusetts. An MS thirteen gang member from Al Salvador 195 00:11:29,520 --> 00:11:33,640 Speaker 6: accused of murdering a Texas man of Venezuelan charged with 196 00:11:33,720 --> 00:11:37,599 Speaker 6: filming and selling child pornography in Michigan. These are just 197 00:11:37,720 --> 00:11:41,480 Speaker 6: some of the heinous migrant criminals caught because of President 198 00:11:41,520 --> 00:11:45,040 Speaker 6: Donald J. Trump's leadership. I'm Christy Noman, the United States 199 00:11:45,120 --> 00:11:49,920 Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border 200 00:11:49,920 --> 00:11:53,480 Speaker 6: crossings are at the lowest levels ever recorded, and over 201 00:11:53,559 --> 00:11:56,760 Speaker 6: one hundred thousand illegal aliens have been arrested. If you 202 00:11:56,840 --> 00:12:00,679 Speaker 6: were here illegally, your next you will be find nearly 203 00:12:00,800 --> 00:12:04,800 Speaker 6: one thousand dollars a day, imprisoned and deported. You will 204 00:12:04,840 --> 00:12:08,480 Speaker 6: never return. But if you register using our CBP home 205 00:12:08,520 --> 00:12:11,880 Speaker 6: app and leave now, you could be allowed to return legally. 206 00:12:12,280 --> 00:12:16,960 Speaker 6: Do what's right. Leave now. Under President Trump, America's laws, 207 00:12:17,200 --> 00:12:19,640 Speaker 6: border and families will be protected. 208 00:12:19,720 --> 00:12:21,840 Speaker 1: Sponsored by the United States Department of Homeland Security.