Regulatory Opportunity 1
A) Illinois governor signs law capping insulin costs at $100 per month
https://www.nbc15.com/content/news/Illinois-governor-signs-law-capping-insulin-costs-at-100-per-month-567282431.html
B) I think an opportunity might exist as there are many diabetics in the country that rely on insulin.
C) The prototypical customer would be anyone that uses insulin or anyone in the pharmaceutical industry in the United States.
D) I believe this would be extremely difficult to exploit with how tight the pharmaceutical companies are with regulatory agencies.
I saw this as I have been aware that the pharmaceutical industry is one of the biggest oligopolies in the United States and any law that tries to fix prices is big news.
Economic Opportunity 1
A) U.S. farm bankruptcies hit an eight year high: court data
https://www.reuters.com/article/us-usa-farms-bankruptcy-idUSKBN1ZT2YE?utm_source=reddit.com
B) I think an opportunity might exist as the agricultural sector is a small but important part of the U.S. economy, so this trend would affect many people.
C) The prototypical customer would be anyone who works in the farming industry, or anyone in the related businesses that purchase products for their own companies, or the typical U.S. consumer.
D) I believe this would be difficult to exploit as the government is already offering bailouts and buybacks of farm products to support the trade war.
I noticed this opportunity as I had been staying up to date with ramifications of the tariffs on China and the trade war in general so this article stuck out to me.
Regulatory Opportunity 2
A) Recreational marijuana becomes legal in Illinois on New Year's Day
https://www.reuters.com/article/us-usa-marijuana-illinois/recreational-marijuana-becomes-legal-in-illinois-on-new-years-day-idUSKBN1YS0US?feedType=RSS&feedName=healthNews&utm_source=reddit.com
B) I think an opportunity exists as this regulatory change opens up a whole new sector of the economy which has been seen to drive high sales in states that had done this previously.
C) The prototypical customer would be any business looking to sell recreational marijuana or any people who would buy it.
D) I believe this opportunity would be difficult to exploit as many organizations were probably primed to start selling given this regulatory change.
I noticed this opportunity as I had been reading about successes in other states and I believe that Illinois would also have success with it.
Economic Opportunity 2
A) Brexit: PM to address nation as the UK prepares to leave the EU at 11pm tonight
https://news.sky.com/story/brexit-day-the-uk-will-officially-leave-the-eu-at-11pm-tonight-11922156
B) I think many economic changes are going to come about as of this, and opportunities may exist as a result. Leaving an economic union such as this will present many changes for businesses within the UK.
C) The prototypical customer would be any business owner in the UK or anyone in the EU that does business with companies in the UK.
D) I believe this might not be too difficult to exploit as long as business owners are quick to make changes and stay up to date on what the change will mean for them.
I noticed this opportunity as I had been curious about the ramifications of Brexit for a long time and had been keeping up to date reading articles on it.
Francis,
ReplyDeleteGood job on identifying relevant opportunities. I definitely think that insulin is a huge issue in America today, because people with diabetes need it to survive. When pharmaceutical companies make insulin too expensive, people with diabetes must continue to buy it regardless of whether they can afford it or not…because without it they will die. There definitely needs to be a more affordable healthcare system so that people do not go bankrupt from a health condition that they can’t control.
Hi Francis, I think it's really cool that you were able to find an article about insulin prices to focus on an opportunity. It is a devastating problem for many Americans and there definitely should be something done. However, I think you're correct for thinking it will be a difficult opportunity to exploit due to the pharmaceutical companies unwillingness to budge.
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