1 00:00:03,200 --> 00:00:06,600 Speaker 1: Global business news twenty four hours a day at Bloomberg 2 00:00:06,640 --> 00:00:09,720 Speaker 1: dot com, the Radio, plus mobil and on your radio. 3 00:00:10,000 --> 00:00:14,200 Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters. 4 00:00:14,280 --> 00:00:17,200 Speaker 1: I'm Charlie Pellett. The DOW, the SMP, NEZ DAK are 5 00:00:17,239 --> 00:00:19,880 Speaker 1: all rallying this afternoon. Right now, we do have the 6 00:00:20,040 --> 00:00:23,599 Speaker 1: SMP five hundred indecks climbing by twenty one points to 7 00:00:23,720 --> 00:00:27,200 Speaker 1: two thousand eighty. 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Crude 16 00:00:57,920 --> 00:01:00,000 Speaker 1: oil up one oh three a barrel forty four forty 17 00:01:00,080 --> 00:01:02,880 Speaker 1: seven right now on w t I the West Texas 18 00:01:02,880 --> 00:01:05,520 Speaker 1: Intermediate Crew. That as a game of two point four percent. 19 00:01:05,920 --> 00:01:11,040 Speaker 1: I'm Charlie Hadleton. That's a Bloomberg Business Flash. You're listening 20 00:01:11,080 --> 00:01:14,000 Speaker 1: to Taking Stoff with Kathleen Hayes and Kim Fox on 21 00:01:14,120 --> 00:01:20,080 Speaker 1: Bloomberg Radio broadcasting live today in Boston. Tonight, the Greater 22 00:01:20,160 --> 00:01:23,520 Speaker 1: Boston Chamber of Commerce will hold its annual meeting. More 23 00:01:23,520 --> 00:01:27,440 Speaker 1: than fift businesses of all sizes from virtually every industry 24 00:01:27,440 --> 00:01:30,360 Speaker 1: in profession, nearly two thousand people, many of them some 25 00:01:30,400 --> 00:01:34,720 Speaker 1: of the brightest lights of the Boston business community. Joining 26 00:01:34,800 --> 00:01:36,880 Speaker 1: us now is not seeing he is the Chair of 27 00:01:36,920 --> 00:01:38,880 Speaker 1: the Greater Boston Chamber of Commerce. To talk to us 28 00:01:38,880 --> 00:01:42,960 Speaker 1: about the event, also about the Boston tech and biotech scene. 29 00:01:43,240 --> 00:01:46,000 Speaker 1: Not leaves, the Mackenzie Boston office and their work in 30 00:01:46,000 --> 00:01:49,280 Speaker 1: innovation within the Strategy practice, and so much more. Love, 31 00:01:49,320 --> 00:01:51,840 Speaker 1: welcome and thank you for having us here. You're welcome, Via, 32 00:01:51,880 --> 00:01:54,960 Speaker 1: happy to have you here. So a year as the 33 00:01:55,080 --> 00:01:59,560 Speaker 1: chair of the Greater Boston Chamber of Commerce, What's what's 34 00:01:59,560 --> 00:02:02,080 Speaker 1: on your gender now? What? What is the message? Tonight? 35 00:02:02,080 --> 00:02:04,480 Speaker 1: Has so many people gather together to celebrate Boston business. 36 00:02:04,760 --> 00:02:07,840 Speaker 1: We've been focused on three things. One is to engage 37 00:02:07,920 --> 00:02:11,360 Speaker 1: our membership and to be able to diverstif it. Number 38 00:02:11,360 --> 00:02:14,919 Speaker 1: two is to be able to think big and focus 39 00:02:15,000 --> 00:02:17,400 Speaker 1: on a few big initiatives. And a third one is 40 00:02:17,440 --> 00:02:20,200 Speaker 1: to focus on one business voice. There're enough business group 41 00:02:20,240 --> 00:02:23,200 Speaker 1: in this area and we want to collectively have one 42 00:02:23,280 --> 00:02:26,040 Speaker 1: business voice. So those are the three consistent things have 43 00:02:26,120 --> 00:02:29,079 Speaker 1: been focused on. Can you give wrap some numbers around 44 00:02:29,160 --> 00:02:31,919 Speaker 1: all that, because I know Boston itself has about six 45 00:02:32,000 --> 00:02:35,880 Speaker 1: hundred and fifty five thousand people as population, but you've 46 00:02:35,880 --> 00:02:39,119 Speaker 1: got to go much further out in some cases as 47 00:02:39,120 --> 00:02:42,160 Speaker 1: many as eight million people in the in the greater area. 48 00:02:42,480 --> 00:02:45,600 Speaker 1: Tell us some statistics about what Boston is first in. 49 00:02:46,240 --> 00:02:49,560 Speaker 1: So number one, we are three hundred eighty billion dollars 50 00:02:49,560 --> 00:02:52,600 Speaker 1: worth of GDP that would rank us as a top 51 00:02:52,639 --> 00:02:55,080 Speaker 1: thirty country in the world. That is a skill that 52 00:02:55,080 --> 00:02:58,520 Speaker 1: we're talking about. Three hundred and eighty billion dollars, Okay, 53 00:02:58,600 --> 00:03:00,520 Speaker 1: So I think that to me should raim it for 54 00:03:00,600 --> 00:03:04,120 Speaker 1: most people. And then we have rapid growth happening across 55 00:03:04,160 --> 00:03:05,960 Speaker 1: the board. If you look at the unemployment rates that 56 00:03:06,160 --> 00:03:10,440 Speaker 1: at a record law. We have amazing educational institutions out 57 00:03:10,480 --> 00:03:13,919 Speaker 1: here with great students coming out, So in terms of numbers, 58 00:03:14,080 --> 00:03:15,880 Speaker 1: a lot of money coming in, with a lot of 59 00:03:15,919 --> 00:03:18,080 Speaker 1: money coming in. Because I think when people talk about 60 00:03:18,080 --> 00:03:20,040 Speaker 1: growth as to why are things growing out here? Because 61 00:03:20,080 --> 00:03:22,359 Speaker 1: they wonder why Spikeder growing out of why height growing 62 00:03:22,400 --> 00:03:26,280 Speaker 1: out here? I would say three things. People were always there. 63 00:03:26,360 --> 00:03:28,960 Speaker 1: We have fantastic institutions out here. They were always there. 64 00:03:28,960 --> 00:03:31,920 Speaker 1: They're getting better by the day. Number two is investments 65 00:03:31,919 --> 00:03:34,480 Speaker 1: to a point, more and more investments are coming in. 66 00:03:34,560 --> 00:03:36,800 Speaker 1: And the third is the environment. If you go out 67 00:03:36,800 --> 00:03:38,960 Speaker 1: to Cambridge, you've got to get to the Kendle Square. 68 00:03:39,000 --> 00:03:42,120 Speaker 1: The amount of excitement you feel you go from one 69 00:03:42,160 --> 00:03:44,480 Speaker 1: block to the other. The number of companies that are 70 00:03:44,440 --> 00:03:46,600 Speaker 1: out there are cool. Look at Boston, look at Waltam. 71 00:03:47,080 --> 00:03:49,880 Speaker 1: There are innovation communities popping up. I was just going 72 00:03:49,920 --> 00:03:51,640 Speaker 1: to say in finance, just to give you a mean 73 00:03:51,760 --> 00:03:55,560 Speaker 1: Fidelity State Street, and then the headquarters of Santon their 74 00:03:55,640 --> 00:03:59,120 Speaker 1: bank are right are here, and here in Boston is 75 00:03:59,160 --> 00:04:01,960 Speaker 1: moving right here. Bexalta moved over. They've got a quite 76 00:04:02,000 --> 00:04:04,720 Speaker 1: a shire, but they moved right over here. So people 77 00:04:04,720 --> 00:04:06,680 Speaker 1: are moving. I moved here four years ago for that reason, 78 00:04:06,720 --> 00:04:08,800 Speaker 1: because I'm in biotechnic life sciences and this is the 79 00:04:08,840 --> 00:04:10,920 Speaker 1: place to be. Well, of course you are prior to 80 00:04:11,000 --> 00:04:14,240 Speaker 1: Johnny mackenzie, you lead the practice here. Now you're the 81 00:04:14,480 --> 00:04:18,039 Speaker 1: uh here in the Boston office. They say, since for 82 00:04:18,160 --> 00:04:22,200 Speaker 1: four years, uh, your laboratory manager at General Electric, you 83 00:04:22,279 --> 00:04:26,839 Speaker 1: helped design manufacturing processes, developed new polymetric materials and NONO materials. 84 00:04:26,839 --> 00:04:30,479 Speaker 1: You're passions life intersection of science, engineering, medicine and business. 85 00:04:30,520 --> 00:04:34,680 Speaker 1: So perfectly situated the biotech scene in Boston. How do 86 00:04:34,720 --> 00:04:37,039 Speaker 1: you describe it? How big is it gotten? I know 87 00:04:37,040 --> 00:04:38,479 Speaker 1: what we were talking about for the show. You just 88 00:04:38,480 --> 00:04:40,560 Speaker 1: mentioned that it's not just big or small, it's all 89 00:04:40,680 --> 00:04:44,520 Speaker 1: kinds of businesses here now. So most pharmacyical companies are 90 00:04:44,520 --> 00:04:47,320 Speaker 1: moving their innovation headquarters in some farmer shape out to 91 00:04:47,360 --> 00:04:49,360 Speaker 1: They at least have a presence out You will quote 92 00:04:49,360 --> 00:04:50,760 Speaker 1: on a list of top twenty. I mean you see 93 00:04:50,760 --> 00:04:55,200 Speaker 1: how here you mean Boston in this brodery, Boston, Cambridge, Waltham. 94 00:04:55,560 --> 00:04:57,840 Speaker 1: You just walk down and you will see them. So 95 00:04:58,120 --> 00:05:01,160 Speaker 1: almost every major player has a presence out there. If 96 00:05:01,200 --> 00:05:04,120 Speaker 1: you look at the biotex sing there are probably hundreds 97 00:05:04,160 --> 00:05:06,600 Speaker 1: of biotics and not thousands of biotex out here. If 98 00:05:06,600 --> 00:05:08,960 Speaker 1: you look at what mass bio is doing, Uh, there 99 00:05:09,000 --> 00:05:12,200 Speaker 1: are enough biotex out there coming from great academic science. 100 00:05:12,960 --> 00:05:16,200 Speaker 1: We have some fantastic research going on. Venture capitalists and 101 00:05:16,279 --> 00:05:19,440 Speaker 1: moving in. They are partnering with academia to be able 102 00:05:19,440 --> 00:05:22,240 Speaker 1: to create compound companies. And what Large Farm and others 103 00:05:22,240 --> 00:05:24,240 Speaker 1: of finding is that they want to source innovation. This 104 00:05:24,320 --> 00:05:27,279 Speaker 1: is a place to be because the small biotex are 105 00:05:27,279 --> 00:05:29,159 Speaker 1: the ones that lead to so many the big, big 106 00:05:29,200 --> 00:05:31,440 Speaker 1: products and big break both big and small. I would 107 00:05:31,440 --> 00:05:34,320 Speaker 1: say its people right. It's about professors who are doing 108 00:05:34,360 --> 00:05:36,800 Speaker 1: fantastic research. It's about an ice at US coming in. 109 00:05:37,440 --> 00:05:39,680 Speaker 1: It is about venture capital being there to help create 110 00:05:39,720 --> 00:05:43,039 Speaker 1: the businesses, and it's about farmer being there to partner 111 00:05:43,120 --> 00:05:45,960 Speaker 1: with them in a holistic way. It's an ecosystem, which 112 00:05:46,000 --> 00:05:49,480 Speaker 1: is what it's fascinating. Glad you mentioned people, because I'd 113 00:05:49,480 --> 00:05:52,760 Speaker 1: like just to comment on one person in particular, Jim Rooney, 114 00:05:53,160 --> 00:05:57,640 Speaker 1: and how he in many ways exemplifies what has happened, 115 00:05:57,960 --> 00:06:01,360 Speaker 1: particularly in this area of sal Boston, and I wonder 116 00:06:01,400 --> 00:06:04,120 Speaker 1: if you could just speak to those accomplishments and how 117 00:06:04,160 --> 00:06:07,719 Speaker 1: they come together at the Chamber. So Jim Rooney, it 118 00:06:07,760 --> 00:06:09,120 Speaker 1: has been a pleasure to work with him over the 119 00:06:09,240 --> 00:06:11,440 Speaker 1: last year I was involved in the search, and I 120 00:06:11,440 --> 00:06:13,880 Speaker 1: would have been thrilled by what he has been doing. 121 00:06:14,880 --> 00:06:18,320 Speaker 1: He knows the political scene extremely well out here, is 122 00:06:18,480 --> 00:06:21,520 Speaker 1: very well connected. He knows everybody out here in some 123 00:06:21,600 --> 00:06:26,000 Speaker 1: form of shape. Our membership is growing, we are diversifying it. 124 00:06:26,240 --> 00:06:29,400 Speaker 1: Jim Browney is a known name. He has an amazing 125 00:06:29,440 --> 00:06:32,040 Speaker 1: communing power. He can pick up the phone and call 126 00:06:32,160 --> 00:06:33,640 Speaker 1: most people. One of the things we've been trying to 127 00:06:33,680 --> 00:06:35,520 Speaker 1: do is that the Chamber is a place where we 128 00:06:35,560 --> 00:06:38,000 Speaker 1: help each other. If you go back to the history, 129 00:06:38,480 --> 00:06:40,680 Speaker 1: the Chamber is almost hundred years old, and if you 130 00:06:40,760 --> 00:06:42,760 Speaker 1: go back to White was formed, it was for the 131 00:06:42,760 --> 00:06:45,160 Speaker 1: members to help each other. And Jim Rooney and the 132 00:06:45,360 --> 00:06:48,480 Speaker 1: and his friends have the connections out here to get 133 00:06:48,560 --> 00:06:50,760 Speaker 1: us to anybody. So I think that's one big, big thing. 134 00:06:51,400 --> 00:06:54,680 Speaker 1: Number two, we have taken around twenty policy positions together 135 00:06:55,440 --> 00:06:59,159 Speaker 1: as one business voice, and that needed the connectivity, the 136 00:06:59,200 --> 00:07:02,720 Speaker 1: connections and Bunnias provided that. Uh. And it has been 137 00:07:02,760 --> 00:07:04,440 Speaker 1: a pleasure to work with him. Just a wonderful guy. 138 00:07:04,480 --> 00:07:05,840 Speaker 1: And it has been a pleasure to work with him 139 00:07:05,839 --> 00:07:08,000 Speaker 1: over the last year. And I look forward him anymore. Well, 140 00:07:08,080 --> 00:07:10,760 Speaker 1: it's a pleasure to have pleasure. And we're going to 141 00:07:10,800 --> 00:07:13,080 Speaker 1: see you to see him tonight, not sitting at the 142 00:07:13,120 --> 00:07:18,040 Speaker 1: dinner and UH a good friend of your another Boston 143 00:07:18,040 --> 00:07:21,320 Speaker 1: Bright Light President, chairman of Sparta Groups being honored by 144 00:07:21,360 --> 00:07:23,640 Speaker 1: the Boston Chamber of Commerce. I just said, lunch with him, 145 00:07:23,640 --> 00:07:25,920 Speaker 1: and he's amazing, guys, to be a throat. He's gonna 146 00:07:25,920 --> 00:07:28,640 Speaker 1: be on the show with us too. Excellent. Thank you, fun, 147 00:07:28,720 --> 00:07:32,160 Speaker 1: Thank you guys, perhaps saying naps. Seeing managing partner at 148 00:07:32,160 --> 00:07:36,000 Speaker 1: the mckensey Boston office and Chair of the Boston Chamber 149 00:07:36,160 --> 00:07:40,840 Speaker 1: of Commerce, the Greater Boston Chamber of Commerce meeting here 150 00:07:41,000 --> 00:07:50,480 Speaker 1: tonight in Boston. Mary Mcpharmaceuticals, a Boston biotech leading the 151 00:07:50,520 --> 00:07:53,520 Speaker 1: fight against cancer. We're gonna find out about the latest product, 152 00:07:53,600 --> 00:07:56,440 Speaker 1: product products, and where they're heading next, right here in 153 00:07:56,560 --> 00:07:57,840 Speaker 1: Boston on Bloobrig Radio.