Its got to give at some point. It does give. That is running out of steam. The dollar rise and the basically the bond selloff. You think thats going to run its course . I do. I think were still going to be anchored to europe, scott, and i think theyre going to be providing an awful lot of stimulus over there. Pushing on rates still. This is what draghi said. Im telling you what he said. He has put that trillion dollars where his mouth is. He will continue to put the additional 700 billion that he has potentially there. I think those are catalysts for lower rates over there. Weiss, im talking about over here, doc. You know, were anchored to that. How are we going to run from 240 up to 300 on the tenyear. We already are on their way up there. Tenyear yields up 65 basis points in a month. Are we going to continue that rise . Thats your question. Isnt it . Yeah. If its going to cause the stock market to wilt. Do you we agree or disagree . Partly. Im trying to be nice before the holiday. Go
Them harder. I think we would welcome legislation to reform that area. But if we come in a blunt instrument, suddenly recreating the fda authorities or mandating things on the fda or looking for the department of health and Human Services to do things that theyre not equipped to do and then, of course, we dont fund them to do it, i think we have to be cautious about some of the legislation that may be proposed. More than anything we want government to be there to work collaboratively but we still have to recognize the safety and efficacy that American People and most people here would certainly think is necessary for a new product. We want those products out as quickly as possible. I remember the days when we had the first evidence of the aids epidemic and the people that brought home the reform and fda to get some of these therapies out quickly were the act up groups of the gay community. They studied the law of fda and argued you dont need to take so long. You dont have to wait till
Representatives of disease groups know more about the diseases than anybody else. They have worked so hard to try to understand whats at stake. Pressing the government to be as flexible as possible. I think its important for the infrastructure for the 21st century cures. I want to say i would be a little cautious about thinking we can solve big problems with legislation with all the unforeseen consequences that can sit inn at a panel here ten years from now and bemoan. I guess thats not a question, but comments. I thank the witnesses and particularly, my good friend and constituent mike milken for all that he has done. Thank you, mr. Chairman for convening this roundtable and thank you to the expert witnesses for your insights. Every time we have one of these hearings or roundtables, we learn a lot. We had an excellent roundtable with dr. Collins, dr. Hamburg, our chairman, dr. Burgess, frank blum were there. It was very important and meaningful. Dr. Collins, youve forcefully made the
40 years. One, putting the patients at the center of discovery, development and delivery process. More efficient Clinical Trials. Meaningful working relationships between patients. And diseasespecific organizations. One of the great advancements of the past two decades has been the strengthening and improvement of the disease Recognition Research group. Two, incentivize collaboration across sectors in the r d process. Public private partnership. Look at history books and see those partnerships between ford and kaiser and the government that allowed us to have victory in world war ii as we moved our forprofit Industrial Companies quickly to produce ships and other products we needed during world war ii. Three, encourage novel Financial Solutions that address the riskiest r d endeavors. Change this risk return ratio. As an example, mr. Chairman, all we have to do is look at acid rain. A major issue in the latter part of the 1980s in america. Movies, public hearings, et cetera, the loss o
Views. Some of them are nuanced and some of them are quite different, but i just want to go on record, this is a conscious issue. I also am very respectful of the relationship you have goped you and Ranking Member have developed in soon to switch gavels. And it makes me very proud because i think its so key. These are difficult moments, but its not theyre not moments where we get angry at each other. We have to direct our anger at the people who are cutting off the heads of our people and who are taking girls as sex slaves and the rest. And we may differ on how to go about and take the fight to them and this is a day ive been looking forward to. Im one who believes the president does have the authority under the aumf i voted for. That does not speak for most democrats. But i still believe we need to update that. So i am grateful to my chairman. This took a lot of guts on his part because this is really in many ways a standoff not only within the parties in the committee which is unders