Kenneth Raposa

And not only that, because of China's Made in China 2025 policy, they're also moving way up the value chain, and China is investing heavily in branded drugs and new treatment, so they can become the Pfizer's and the AbbVie's of the world. And they're getting there. They're on par with a lot of our big biotech guys. For the US.

And not only that, because of China's Made in China 2025 policy, they're also moving way up the value chain, and China is investing heavily in branded drugs and new treatment, so they can become the Pfizer's and the AbbVie's of the world. And they're getting there. They're on par with a lot of our big biotech guys. For the US.

Well, for generic pharmaceuticals, it's about 80%, right? So, about 80% of your generic farmer is overseas. And the majority of that comes from India. Other markets would be Israel is huge with Teva Pharmaceuticals. That's an Israeli brand. And a lot of companies also from Ireland, believe it or not. A lot of those would be American companies that contract manufacturing in Ireland.

Well, for generic pharmaceuticals, it's about 80%, right? So, about 80% of your generic farmer is overseas. And the majority of that comes from India. Other markets would be Israel is huge with Teva Pharmaceuticals. That's an Israeli brand. And a lot of companies also from Ireland, believe it or not. A lot of those would be American companies that contract manufacturing in Ireland.

Well, for generic pharmaceuticals, it's about 80%, right? So, about 80% of your generic farmer is overseas. And the majority of that comes from India. Other markets would be Israel is huge with Teva Pharmaceuticals. That's an Israeli brand. And a lot of companies also from Ireland, believe it or not. A lot of those would be American companies that contract manufacturing in Ireland.

And these guys are a big source of Americans' trade deficit in Ireland because of pharmaceutical drugs, actually. One of the biggest sources of Americans' trade deficit is pharmaceutical drugs because, as we know, Americans are on a boatload of drugs. Right? No one's on drugs like Americans. So we have a huge deficit. It would be great if we... Hey, we're number one.

And these guys are a big source of Americans' trade deficit in Ireland because of pharmaceutical drugs, actually. One of the biggest sources of Americans' trade deficit is pharmaceutical drugs because, as we know, Americans are on a boatload of drugs. Right? No one's on drugs like Americans. So we have a huge deficit. It would be great if we... Hey, we're number one.

And these guys are a big source of Americans' trade deficit in Ireland because of pharmaceutical drugs, actually. One of the biggest sources of Americans' trade deficit is pharmaceutical drugs because, as we know, Americans are on a boatload of drugs. Right? No one's on drugs like Americans. So we have a huge deficit. It would be great if we... Hey, we're number one.

We're number one.

We're number one.

We're number one.

Well, some people say it is a national security issue, actually, because if you can't get things like antibiotics or when you had COVID, for example, when you couldn't imagine if you're in a situation with COVID and this could happen easily in the future, why not? But you go, we don't have the labs to make vaccines.

Well, some people say it is a national security issue, actually, because if you can't get things like antibiotics or when you had COVID, for example, when you couldn't imagine if you're in a situation with COVID and this could happen easily in the future, why not? But you go, we don't have the labs to make vaccines.

Well, some people say it is a national security issue, actually, because if you can't get things like antibiotics or when you had COVID, for example, when you couldn't imagine if you're in a situation with COVID and this could happen easily in the future, why not? But you go, we don't have the labs to make vaccines.

Let's pretend you thought the mRNA vaccine was God's gift to mankind to save you from COVID. We don't have the labs to do those things. We don't have the innovators. Well, where are we going to get it? Well, we got to get it from China. We got to get from somewhere else. And as you increase your...

Let's pretend you thought the mRNA vaccine was God's gift to mankind to save you from COVID. We don't have the labs to do those things. We don't have the innovators. Well, where are we going to get it? Well, we got to get it from China. We got to get from somewhere else. And as you increase your...

Let's pretend you thought the mRNA vaccine was God's gift to mankind to save you from COVID. We don't have the labs to do those things. We don't have the innovators. Well, where are we going to get it? Well, we got to get it from China. We got to get from somewhere else. And as you increase your...

purchase of, as you would actually increasingly depend on imports, then you lose the local lab talent to even want to get in the pharmaceutical business because it's just so small, right? It's just a branded guy. So we're doing R&D and wonder drugs, you know? So it's very important to have a little mix of all of it. You can't just have the branded, the big one, the drugs that are here.

purchase of, as you would actually increasingly depend on imports, then you lose the local lab talent to even want to get in the pharmaceutical business because it's just so small, right? It's just a branded guy. So we're doing R&D and wonder drugs, you know? So it's very important to have a little mix of all of it. You can't just have the branded, the big one, the drugs that are here.

purchase of, as you would actually increasingly depend on imports, then you lose the local lab talent to even want to get in the pharmaceutical business because it's just so small, right? It's just a branded guy. So we're doing R&D and wonder drugs, you know? So it's very important to have a little mix of all of it. You can't just have the branded, the big one, the drugs that are here.