I think Respert has the right idea. I've been POC on the industry side with 2 large US bureaucracies for a little under 3 decades. Large bureaucracies are cumbersome and rule laden monstrosities. They are not well designed to be very innovative procedurally and they are constantly besieged by hucksters trying to sell their new form a "snake oil" to a huge market. A bureaucrat just trying to do their 20 and land a fat cat industry job survives by following the rules and not sticking their neck out on some "snake oil" that may not work and may have currently unknown safety issues. I can also tell you kicking sand in the face of a bureaucracy is a really bad idea. Some here just can't stop beating that very dead horse. It's over, it's done, we brought on our own issues with them. That some of it from the FDA appears purposeful and punitive is possibly true, but you continue to piss off someone in power you should not be surprised when the very human bureaucrat on the other side smacks you in the mouth. Making a common comparison to a poker game they not only have the better hand, they control all the cards. They tend to absolutely despise obvious hucksters like Nader. They don't want their careers to be soiled by such people and their coworkers and leaders understand completely. They have a certain way things need to be done and tons of paperwork all requiring exactness. I have worked with people who have graduate degrees in government paperwork. Your common bureaucrat has little to no authority to be flexible, or innovative. The way it is explained in the manual is the way it will be done today and tomorrow until the manual changes, or someone higher up signs off on taking the blame for it if it goes bad. Expecting a large bureaucracy to act like an innovative business is naive in the extreme.
The above said I have found your standard bureaucrat to be someone trying to do the right thing and in most cases quite competent. Generally the problem is the rules, not the individual; and the rules, though quite cumbersome, are necessary to maintain order within a very large system.
CYDY under Nader is the exact model of what bureaucrats hate. Dr. JL's description of the company under Nader is all you should need to know to understand many of the reactions from the FDA.
The good news is a very competent Dr. JL is at the helm and we appear to have a damn interesting molecule in our control. Money problems to be sure. I don't expect much this year, but I believe we are now on a path that will shine a very bright light on an extremely interesting molecule.
OpenAI Unveils SearchGPT: A New Era in Search Technology
Recently OpenAI revealed a prototype of its own search engine, SearchGPT. This instrument seeks to give users quick, accurate responses backed by pertinent, clear sources. Under alpha testing with a small group of users, SearchGPT promises to transform online information search. This tool is meant to be included into the viral chatbot ChatGPT so that a more natural and simple search experience is enabled. Like in a conversation, users w... Continue Reading
Canadian Stock Market Hits Two-Week Low Amid Earnings Disappointments
Disappointingly low earnings from some economically sensitive companies caused Canada's main stock index to drop on Thursday to a two-week low. At 22,608.03 the S&P/TSX composite index of the Toronto Stock Exchange dropped 31.54 points, or 0.1%. Since July 11, this represented its lowest closing level. Important causes of the downturn were declines in metal mining and industrial shares. Chief investment strategist a... Continue Reading
Tech Stocks Drive the 2024 Market Rally
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U.S. Economy Surpasses Expectations with Strong Q2 Growth
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Introduction to Business Process Optimization
Efficiency isn't just an asset in business—it's a necessity. In a world where every second and cent counts, optimizing business processes can mean the difference between success and stagnation. This strategic fine-tuning not only boosts productivity but also enhances overall performance, setting a firm foundation for growth and innovation. In this blog, we will share key strategies and insights to help you grasp the essentials of bus... Continue Reading
Wall Street Indexes Rebound on Strong GDP Data
Thursday's main indexes on Wall Street climbed in response to better than expected GDP data. While the Dow and small-cap stocks lagged, the Nasdaq and S&P corrected early losses. After the tech mauling of the last session, this rise brought relief. On route to recoup Wednesday's losses, the Russell 2000 jumped 2%. Investors questioned whether the recent turn to underperformance made sense. Most megacap stocks were set to prolong losse... Continue Reading
Category: StocksTotal Views: 233 By : Lucas YoungUpdated: 07-25-2024
Tech Giants' Earnings Disappoint, Sparking Market Selloff
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SK Hynix Reports Highest Quarterly Profit Since 2018
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New Home Sales Drop to Seven-Month Low in June
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Lineage Achieves Historic IPO with $4.45 Billion Raise
With its U.S. initial public offering, Lineage, the biggest cold-storage warehouse operator in the world, raised $4.45 billion. This is the largest worldwide stock market debut of this year. Pricing almost 57 million shares at $78 apiece comprised the IPO. At the top of its stated range, $70 to $82, this price was The company first intended to offer 47 million shares. Still, great demand resulted in the sale of extra shares. The IPO value... Continue Reading