Real Time Coverage @BIOConvention #BIO2019: Keynote Address Jamie Dimon CEO @jpmorgan June 5 Philadelphia

June 5, 2019 by sjwilliamspa

Reporter: Stephen J. Williams, PhD @StephenJWillia2

Dr Janet Woodcock from FDA was given the BIO Heritage award for leading the FDA from safety focus of 90s to the Voice of the Patient. She became a champion for advocacy groups
Governor Phil Murphy, Governor of New Jersey, received the Governor of the Year Award. New Jersey known as medicine chest of the world, have first 3D printed drug on market and number two in biotech and number one on drug approvals. We must do more to foster stem education. It will take private and public capital investment. New Jersey matches federal dollars and had doubled the angel investor tax credit.
Dr. Kakkis CEO of Ultragenix wins the Genzyme Henri Termeer Award for visionary work. Dr. Termeer recently passed. Dr. Kakkis is awarded for work with patients of rare diseases and help formulating legislation to help patients with rare disease have access to investigational drugs quickly.
Dr. Jeremy Levin from OVID named new chair of BIO

Interview with Jamie Dimon, CEO of JPMorgan

Mr Dimon had recently survived throat cancer and now has a renewed dedication to improving people’s lives. With Amazon had embarked on a nonprofit experimental model to streamline healthcare for their employees. He said the hardest part of going through cancer was telling his parents and children.
On the bailout he said it was a lie all banks needed TARP but could not just give to some and not all. He says the financial system in US is very solid so next downturn will not come from financial sector and never is from geopolitical but trade issues could be a catalyst. Policy usually always does the opposite of what is intended. He announced no intention of running for President of US.
We need to keep a growth agenda which includes education and infrastructure, without these competitive business tax relief does no account for much. We need a better conversation of how government handles finances
Immigration, education very important. Higher education needs to reduce costs and incentivize the people they bring in to stay here.
on healthcare: JPM had reduced the deductables to zero for workers making $60,000 or less