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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
HealthBrainstorm Health

Brainstorm Health Daily: June 26, 2017

By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
June 26, 2017, 12:57 PM ET
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Happy Monday. Twenty years ago today saw the public debut of an inspiring superhero. I speak, of course, of Hermione Granger, the brilliant and daring young wizard whose first year at Hogwarts coincides with ours. J.K. Rowling’s Harry Potter and the Philosopher’s Stone hit UK bookstores on this day in 1997—a year before it came to the states (under a slightly revised name: Harry Potter and the Sorcerer’s Stone).

As one might expect, the namesake character in the series gets the lion’s share of love from readers, moviegoers, and wand buyers at Ollivander’s shop at Universal Studios Florida. But Hermione is the real role model—a thinker and a doer, someone who derives most of her wizardly power not by genetic inheritance but rather by endless study and practice. Unlike her Gryffindor besties, who routinely act out of impulse, Hermione is smart enough to weigh the risks of action and inaction—and then courageous and creative enough to act decisively in the face of invariably dim odds. Why? Because it’s necessary. That’s what heroism is.

The new “Wonder Woman” movie sings, likewise, because its protagonist’s power comes as much from her endless study and training—and her big-hearted humanity—as it does from her Olympian parentage. Audiences don’t cheer Wonder Woman because of her godlike speed, strength, and agility. We cheer her authenticity.

Which makes we wonder if the real superpower in these stories isn’t, simply, humanity.

What could be more magical than that?

The news, below.

Clifton Leaf, Editor in Chief, FORTUNE
@CliftonLeaf
clifton.leaf@fortune.com

DIGITAL HEALTH

Google is removing medical records data from search results. In an effort prevent leaks and breaches, Google is adding to the limited number of things that it bars for gaining search results. In this case, it's private medical records. That adds to a trend of rare, but high-profile, search algorithm tweaks which have also included personal financial information and even revenge porn. Given the state of current health IT security, it may have been inevitable. (The Verge)

INDICATIONS

FDA approves new blood clot drug from Portola Pharmaceuticals. The Food and Drug Administration (FDA) has approved Portola Pharma's new blood thinner. "Roughly 200,000 patients in the United States develop deep vein thrombosis each year and about 40,000 of these patients die of pulmonary embolism, caused when a blood clot breaks loose and travels to the lungs, blocking blood flow," according to Portola. The drug could wring in more than $300 million in yearly sales by 2020, according to some analysts. (Fortune)

THE BIG PICTURE

Oklahoma doctor charged with murder after patient opioid overdose deaths. In our continued opioid epidemic watch: A doctor has been charged with murder for prescribing painkillers to her patients, according to a number of news agencies like the Washington Post. "[S]he was at a pharmacy, receiving what drug addicts call “the holy trinity” of prescription drugs: the powerful painkiller Hydrocodone, the anti-anxiety medication Xanax and a muscle relaxant known as Soma. In total, pharmacists handed her 510 pills that day — all legal, because she had a prescription with the signature of her doctor, Regan Ganoung Nichols, scrawled at the bottom, according to a probable cause affidavit." (Washington Post)

Martin Shkreli is still talking. Martin Shkreli is finally about to face court. But he's not exactly staying quiet. The "pharma bro" who hiked prices on niche drugs (very legally gaming aspects of the U.S. medicine approval system) is headed into a trial for a somewhat unrelated issue (securities fraud). His lawyers would really prefer that he shut up in this high profile situation. They may not get their wish. (Fortune)

It's reckoning time for Trumpcare. I'll have a lot more on this today and over the course of the week. But any minute now, the Congressional Budget Office (CBO) will be unleashing its analysis of the Senate's health bill. It wasn't exactly expected to be great from a coverage standpoint, considering its big cuts to Medicaid—however, the entire process remains chaotic, with various GOP factions claiming certain provisions won't fulfill their requests. But, judging by the House-passed American Health Care Act, that's not necessarily a deadly prognosis for the bill. (Fortune)

REQUIRED READING

Michael Bloomberg Will Give Millions to Mayors With Ideas to Sidestep Trump, by Lucinda Shen

Hoax Over 'Dead' Ethereum Founder Spurs $4 Billion Wipe Out, by Jeff John Roberts

There's an Equality Gap in Medical Research, by Reuters

Slack's Quest to Make Work Easier, by Michal Lev-Ram

Produced by Sy Mukherjee
@the_sy_guy
sayak.mukherjee@fortune.com

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