Ope. Guess people will have to go back to eating less and exercise for a while.
As a port strike stretching from New England to Texas halted nearly half of all trade coming into the U.S., customs data shows that critical medical devices and drug components for the booming, expensive weight-loss and diabetes drugs from Novo Nordisk and Eli Lilly — Ozempic, Wegovy, Mounjaro and Zepbound — are among the trade casualties in the ILA union port work stoppage.
Bills of lading, the digital receipts of freight containers, show that the delivery mechanisms for insulin and weight-loss drugs rely on East Coast ports for incoming trade.
“Novo Nordisk and Eli Lilly are both heavily reliant on the Port of Norfolk,” said William George, director of research at ImportGenius, which tracks the customs data.
In the past year, Novo Nordisk has imported through Norfolk 419 twenty-foot equivalent unit, or TEU, containers worth of pharmaceuticals and injection devices that contain semaglutide, a compound in its branded weight-loss drugs, according to George. “Novo fine syringes commonly used for insulin injections come into the U.S. by ocean freight as well,” he said.
Novo Nordisk has raked in nearly $50 billion in sales from Wegovy and Ozempic, with most of that revenue coming from the U.S., its CEO said in recent testimony before the U.S. Senate.
I am trying to figure out how not delaying the strike helps the Dem Party. They can’t think Americans will blame Trump and the delay would put it past the election. I think it would have given a positive message to the populace to delay it and even, as they still have the union backing, come to an agreement before the 80 days are up. I thought that was going to be the hook, the Dems swoop in and in collusion with a powerful union, seem to come out heroes for all by ending the strike.
Has anyone surmised why Dems are ignoring it? How will shortages of many things get them elected? Cuz we all know that is the reason anything gets done in Washington. If it doesn’t get someone elected, national politicians are always putting potential remedies off until the elections are over to keep them as relevant issues. Here it seems like Dems will get any bad press for this as far as elections are concerned
This is what happens when nobody is in charge. Democrats seem to like their titles, but not the traditional responsibilities that go with the titles. Joe Biden doesn’t lead or manage his cabinet, so they’re each left to aimlessly govern their little bureaucratic fiefdoms as they see fit. I used to think they managed by committee, but it certainly doesn’t appear to be even that organized.
Much of this dysfunction is simply malfeasance in office.
I might agree, but the one thing all national politicians are still razor sharp on is getting elected. The only malfeasance involved in that arena is how many illegal avenues of fraud/suppression were used to get in office. Looking through that lens specifically, you can usually see why a Party acted as they did on any issue. I don’t see it here.
T, it’s most likely that no one in the Administration KNOWS what to do.
So they’ll sit on their hands, hoping that something good will happen.
Given the complexity of the issues here, I think they’re riding it out until after 11/6; then they’ll happily toss the ball to Trump, who will resolve this very quickly. He knows a bit about dealing with Unions–and about dealing with the multitude of foreign interests which own and/or operate those ports.
Occam’s razor, huh? Could be. Or maybe their quite talented array of pig make-up artists think that it would not, as my intuitive suggests, be in the Dem Party interests for them to delay the strike. Maybe they have a voting day emergency planned that cancels the vote that day and only early votes are counted. We don’t see their plans so conundrums in Dem actions this month make me nervous. Dems are very much acting like cornered animals right now and that is not a predictable thing.