As buying on products and in what cause is hustling, is industries and has deprived thousands of neighbors and lifeline. Well take a look at how that coating and weight loss drugs of tying of pharmacies, shelves. Whats driving the mom for the new diabetes on a piece of the medications . Could they reshape the industry . The many nations are accusing israels Prime Minister of committing genocide in garza and prussia is growing globally on benjamin netanyahu. To end the conflict, even from his closest allies to kit, has become the 1st country to hold all trade with israel, with 7000000000. 00 until a permanency spot is reached. An uninterrupted aid is delivered and pros, boy thought could further, hom is really economy thats being passive by the war. The spice is growing. International installation thats in yahoo has rejected a cx 5 deal with him. Us saying it doesnt meet the nations demands, image and kim russells of the relations between israel im took here have long been troubled, which is a 7th diplomatic ties. Yet trade was value to nearly 7000000000 dollars last year. And its always continued until now i do need to validate that the trade hold again is valid, including important export will continue until a permanency spot and cause that is secured as well as on him. Did humanitarian aid flows to the region. President red chip, type o one has long been a critic of israels treatment of palestine. Since the world goes up was low and still dont tell you. For the 7th, hes been outspoken about what he says. A war crime is committed by israel in garza. Well, israel his blood took, he is a drops, said i, theres nothing acceptable about the developments between israel and palestine up to now israel has killed between 40 and 45000 palestinians without mercy. And as mostly men is im thinking both for us to stand by and watch this happen. Whatever steps needed to be taken, we took them out a set of them. Israels foreign minister is like an ode one to a dictate to other one is breaking agreements by blocking ports for is really imports and exports. This is how it would dictate it behaves. Disregarding the interest of the turkish people and businessmen, ignoring International Trade agreements, they added the israel would focus on like production and impulse from other countries saying we when they lose the israels economy has lost much since the war began. The war is costing around 250000000. 00 a day with a total. So full estimated at around 60000000000. Both spending is soaring, revenue is dropping. Is ro is expected to lose about 1600000000. 00 worth of annual exports to chuckie. Walter keys, lets israels face the biggest source of impulse last year with products like steel, machinery, fuel and see products was around 5400000000. Imposing from countries further away, let me increase transport costs. Nike causing prices and israel shops to royce. Know the country has caught existing trade toys. What is wrong to split clues to do so, some protest is across europe in the us. Many broken diplomatic relations. But israel remain steadfast and continuing it school. Despite growing international prussia, including a genocide case underway, the International Court of justice and investigation by the International Criminal court. And even its largest deal. You know, the us is condemning its offensive and rough image and came out a 0 for counting the cost. Well, lets look at what all the countries are doing in response to, as well as well on gaus them. Colombia is the latest latin American Country to break fit plastic relations cooling, as well as actions and goals that genocidal children behind tucking south africa, chad and belgium level. So 7 diplomatic relations over cold, the boss of this over the war fronts has suggested sanctions to push it as well to allow aid into casa, and belgium is pushing for the you to impose these as a block the us canada front. Im the okay, i will place sanctions on individuals sapaulas response full for violence in the occupied westbank times be india middle east europe, economic cargo, which is planned to increase trade between asia, the middle east and the e. U has come to a halt because of the war on dasa. Also, weve been saying, protest, springing off at universities across the us, my students cooling for the institutions to divest from organizations, links to israel, thatd be not demonstrations. And many capitals cooling for sci fi, and for governments to stop selling weapons to israel was bringing all to exports. Now to discuss this 5, and joining us from stumble is how come act boss. Hes the Funding Direct to of to teach it advisory services. Im from london joined by e a winter. Hes the silvas like professor of economics, of the Hebrew University of jerusalem and the professor of economics at Lancaster University in the u. K. Thank you very much. Basically for joining us on counting the cost l tack here is one of israels main souls is full imported goods. What impact as the salton holt has on the availability of products and prices for the consumer or the impact on prices would be major. Busy but, but the spread on these rarely economy will be slim because, um, whats going on happen is that is right. We either import these product from other places or that these products will come from turkey, but well stop somewhere else, lets say in greece. So we to just raise uh the uh, the transaction costs the, the transportation costs. But i want to want to go back to the, where it all started. Of israel main imports. The in from door to is tories and tories in turkey enjoys a lot of a very high volume of tourist, mainly in the summer. And there were 2 incidents, but the calls is ready to stop going to or to one of them is the october 7. When it was shown on tv, okay. Busy uh, the uh, the, the how much lead there she has. Okay. Im yeah showing is brad. Okay. Okay. Okay. Its all on a on a talk to story. Okay. So that a 2nd go towards the okay. So lets just say to, you know, make implications of this. Draw just that. Okay, so, okay, my, im, im explaining the source and then there was another picture called article gun inviting Commerce People to turkey, inhaling them as heroes. Okay. When hes riley sold these, they said were not going to go to turkey anymore. Yeah, we havent changed a little bit from the Economic Impacts of touchy jose. And when they trade, we understood programs that youve done the reasons for the most of the impacts of them have is really taurus now stopped going to techie. Well is riley taurus will find a different destination. Okay, let me just, lets get how kind of opinion the point of view if you wouldnt mind well bringing how come 1st one is this address that issue . An issue of a is really taurus stuckey does depends. Okay. It does depend on tourism as a main source of its economy. How has is really tourism drying up affect to that . Laura tanks, what are you fighting me over . And um, yes, choice in them in turkey is among the top destination for tours, and thats just in the region, but also in europe and over and the israeli and coming taurus, theyll have some impact. But if you look at the, you know, 30 plus 1000000000. 00 a year, uh, income from tourism that would be really uh, slim. And overall i would say that they, you know, tried to use both sides had complicated relationships, but they managed to sustain the economy. Collisions despite the joyful to go passions or the political tensions this time to key not only has cut Digital Medic violations but also the economic ties that i think this, this is economy. Trade sanctions is one of the many tools that you can use when it comes to treasury in your country. Okay, that alone is not going to be enough. I want to know that how much is impacted tacky because of course its impact thing is well on the availability of goods and prices to the consumer but took you. A 5400000000. 00 a get an exports to as well. So this is taking us to build a comic hits to, if you look at it, uh, just about this trail is being one of the few countries that turkey has enjoy the trade show plus. But if you look at turnkey exports over a 150000000000. 00 a year, are you looking at only 5 uh, over 5000000000. 00 . And uh oh, so i wouldnt be that on the traders bill side. You know, you know, a new ways to sustain the trades relationship as they have done it in the past. So most likely to 3rd countries, they will us, you know, start finding ways. Okay. A part of it is this, this team that really shop really unexpected. And but the traitors on both sides, well find ways to adopt. Okay. But ill try it as might find ways now to adapt to what about this Free Trade Agreement that has been standing between took it and is relative fussy . Yes of how so on said how come said talk in as well have whether many bumps in the rows of that relationship, but is this one that they cannot get hold of . I think that will get over this one. I mean, im sure its temporary. Im sure the pressure impulse in this room and in turkey. Uh bye bye businessman, by firms uh to, to resume to trade. The trade is important for both countries. The relationship has been always very important. Turkey. It took the role of mediators in, in to meet the lease which, which unfortunately, it has stopped being the case. I mean, our relationship was commodities for the parking, for the purpose of trying to meet the uh and, and, and bring this conflict between them. But there is no uh, account uh with the ation on, on part of our okay. It is right. It has a very long traditional, very, a Good Relationship with, with uh, with uh, with 13 my book, uh, printing smart was translated to turkish. And it was a big celebration in built university with a presence of the, of the you, the president of the university. And ill be myself lots of times we simple in other places and turkey. I think, uh, you know, when, when people are, when the people are in, in good relation. And thats indeed the case. People who feels very likely that are here people and vice versa. In the leadership would not be able to to, to destroyed or not, or for a long period. Okay. How can i know its one of us do what impacts this is actually going to have . Cuz other one says that they will not stop tray to come with as well until theres a permanency spot on. On hinden a into garza, im yes, since talking holton age, we have seen thats know who going into rafa. And weve seen it rejecting a deal with how much they do it. This is the major move doesnt seem to have any impact to tool. Yeah. And laurie my make a part of the reason why add on really stopped trade because his party suffered a major erosion of boats coming from its really religious hotline years because they thought that he wants to focus on is. And so he had to do something domestic feature, but coming back to the impact of this international, they talk to you say, but my mind influenced certain aspects of it. I was like one of the, again, for the policy. But if it is not going to go as far as stopping the books, especially not thatd be potentially looking at the brunt end of the operations into a rough ha. And so i knew it was coming. I did want to move it to say, hey, this is a versioning unitary inside to the, to be able to, the pressure on the, hes ready to go in. And, but im also trying to mobilize really the other countries in the region, especially when it comes to societies and uh, you know, as others. So again, j bar across already from the sections hardly alone, major that are kind of trying to move at country. But it comes to these 5 really hard choices. Okay. Yeah, just uh the last, what to you, how successful do you think the one is going to be at mobilizing other countries to take some of the moves, especially as this war drives on . Well, hopefully the board was not drags the phone for a long time. Um uh, i mean the, the issue of a economic booklet is some single put grades on surgeries rarely also for the government. Um eh, and i think uh that would but, but, but it could not look, relations are important for both sides. No meant the what, what, what were told which sides were talking about. Yeah. There in order to increase the welfare of the people and therefore its not easy to implement them. And, and thats something very terrible happens. Uh, i think uh these relationship with specifically with turkey will go back to as to where, okay, before the war and that we have to leave our discussion, you know, when to and how kind of a class. Thank you very much for joining us and counting the cost and take your or before the war on garza arrives. 200 thousands. Paula city is whats in israel. Contributing an estimate of 390000000. 00 to the policy and economy every month. Now Restrictions Mean only a few 1000 and what permits are being issued, leaving most palestinians and the occupied westbank unemployed. So taking drastic steps even risking the lives to survive. The impulse robbie has moved from ramallah a broken arm middle pins in his leg of fractured news and deep cuts on his hand. Injuries that could take months to heal size and dozens of other palestinians were trying to scale a separation wall. Crossing into israel to find work on the few lost his food and found so it says hes lucky to be alive. When asked why take such a risk . He just looks around the room. And off the switch is better to work or ask people for charity. What can we do . There is no choice. So i was going to work to help my family for adults can tolerate hunger and anything else. But what about the children who will bring the diapers in milk for these children please . How could they understand . There was something more and slaughter before how could they understand that there was no work, as it is real, they can make enough to survive doing construction work, painting houses, electrical repair and other manual labor. But since the war on garza israel has board entry to most palestinian workers leading to an unemployment crisis, some palestinians are killed by is really bombs and bullets for others. So its father says long term unemployment is starting to feel like a slow death hole that had 1st i thought i lost my son. What would you when i saw the video, was up in the blood was covering his face. I thought he was dead. It was disaster. If i knew he would have jumped over the wall, i would not have let him go at all. It is not uncommon for people to scale these high walls because on the other side is, is rarely territory. It is a chance to find some work to earn some money, but seeking financial salvation in a sense, by sneaking into israel, the very country that is oppressing you and your people is no doubt for those doing it. A pride, swallowing endeavor, the palestinians. Weve been speaking to say they feel they have no other choice. This some people with their lives earlier this month of the him on there are father of 7 died after nearly a month in his rarely custody. Detained in his real, along with his son for not having work, permit us the wedge of civil. He felt the thing in his chest. We called the gods. It was meant to come negligence. I gave him air. I gave him chest compressions enough to 13 minutes. The ambulance came to a tap intact, and if there was more attention in the hill reach, maybe 2 to have been. Okay. So yeah, a father trying to feed his family, died in his sons arms on the floor of and is really prison. So no work in the occupied westbank and no help on the horizon means few options. Let me know otherwise ill fly in minnesota. If you dont want us to go to israel, should we steal . If we had another choice, we would not go to work in israel. We would not take the risk. We would stay here where its safe. The side says when hes better, hell try once more, even if it means risking his life just to give others a fighting chance in the same bus route of the old jersey, rougher counting the cost be occupied, westbank palestine now theyve won. I have a celebrities on generation billions of dollars in sales drugs such as of them pick we go to the we go v and montero have off handed the weight loss industry in the us many reset. So say the injections originally made to treat diabetes could help solve the basis a crisis moment. A 1000000000 people around the world are obese or overweight, but many deltas are warning against the drug side effects on the prospect of having to be on the long term to keep the weight off. But at least 3000000. 00 prescriptions for the medications we issued each month in the us and the year up to march, the bill of leading thought programs has begun, including them in the subscription plans and goldman sachs. So the drugs, the leading, the way and the weight loss, the drug industry, which is expected to be with a 100000000000. 00 a year by 25. 00, c dot health and fitness companies. What would the medications could we shape the Business Models thats big. Now its andrew follow in vain berlin. Hes a senior fellow at the university of oxford and at Global Health economist, im doing great to have you with us. First of all, why are these drugs being used as weight loss drugs, so popular . As well as hospital says, as you identified in your introductory passage, the drugs were not originally and developed for weight loss. They were, they were use for diabetes. And of the side effects often was found to be that that would reduce your, your weight. So this phenomenon was really good. Come out and Clinical Trials 234 years ago. And you, my all keep that as being a push consulted, pushed by some of the players in particular, some of the companies. And so youve got that sold in the supply side of the products that on the demand side we have a, do you identify the massive problems . Something like 2 sides of the population or from the us in some category rather being classified as or beast. Uh, initially these drugs were developed for diabetes. We know that in the, in the world at the moment, roughly one in 10 of the population has diabetes coming off of them are actually know about it. And that number is set to, to, to really stick with a mixture of products coming along, plus a definite need for the, for the, for the products. So what are the issues that we can to, to buy is whether the risk benefit is, is watch at the moment i was thinking where i came on the night to the, to the, to the show that, you know, its a bit of a wild west show out there and i met with a little bit of social engineering and a bit of a social phenomena on top of it. And to some degree, maybe some of this would go to a little bit after controlling. I certainly taking the market by storm havent a that that being led by 2 Main Companies gotten over no desk and a lily they are currently theyve never been to awfully, havent they on that this market . Hows that affecting the pharmaceutical industry . Well, well, yes, you are. The 2 companies beat, the neighbor, no disc, amazing way. Its actually the proof of the share price has gone to the point where its worth more than the gd pay. If its higher. Economy is denmark. And to indeed only has the share price to push it. I had to have tesla and i had all from the target to the united, the big stores in, in, in the us. And these prices have fun of salt top. I mean, one of the things is, but its difficult, so not in my mind to you what the long term situation of, of, of this market is us as companies and as regulatory issues and risk start to a pay. Uh, i think theres an element of making pay wants to sometimes you might as well, you know, getting them all kept saturated and those many sales as you can as quickly as you can. And i looked at the, the, the thinking as an economist, i looked at the price of, you know, the forward market is how their pricing and this and, and how other commentators an expert saw looking at the value of, of, of the, of these companies. I mean, what, the implication that i think youll possibly hitching at is also the impacts upon the, the Health Industry and, and also society. You know, if the level of demand for the product is as high as the companys suggest, 800000000 customers in the world. And if some of the pricing thats currently being used goes through, you can see situations where the, the impacts of on other companies on, on Health Systems on governments could be extremely high. If you think of, you mentioned the us, you know, a huge portion of the medical bill in the us out. Monogamy is prescription drugs and heres the defense to be title. They would need to be taken on the long, you know, long time life long prescription. And i think one reason the study looked into this and said, well, you know, even if you have a bit of a discount and you just hit 10 percent of the patients in medic had with up put it look like what gave a this is 27000000000 the yeah. Which is about a 5th of the car and met to cap drug spending budget. Okay. Yeah. So you know, its not, it doesnt, it, it pertains to me a situation of something thats, thats when i say ok, i have a huge problem. It is uh something that because he already was saying having a knock on the fact one of the drugs, we know that these 2 companies that control 75 percent of the global insulin markets and both companies are currently showing shortages of installation, of course is affecting diabetic patients isnt because theyre focusing more on these weight loss drugs that are more lucrative. Um, well 1st off, yes. Look at the, the, the, the, the value of these drugs up to remember that these, of any recently in the last 2 or 3 years were really ramped up in terms of the Market Penetration and marketing around the products. And they, they, they didnt cost that much to actually made to the month. And the most of the cost is that a dollar will to, on some estimates. And you can see that possibly by just looking at the pricing across different markets, you know, anything from 1300. 00 in the us down to a 100. 00 in the u. K. That tells you that theres a very big profit margin on that. So its a huge emphasis on, on, on, on some, on supplying that market at this particular point in time. And i think what youre guessing is, is supply issues. And it comes back to my prior point. Theres a lot of them such and see about even for the companies, about where, where this market is going to, if you will give you certain of, of where the positive demand was going to go into the future. You would still to up your supply capacity to some degree. And i think whats going on is that theres that there is a kind of a bubble respect to the development to this. And you dont necessarily want to complete. You respond to that on a long term strategy. So what youre guessing is this has not come to fax to all the sectors and actually taught to use this because these were originally for died at the time it started back integrations. So this the has run out of time, this might be a weight loss of funds, another one that might not stand the test of time and you follow it many thanks indeed for joining us here in counting the cost machine. My pleasure, thank you. And that is also for this week, but remember to get in touch with us on x, use the hash tag h a c t c. When you do drop as an e mail counseling the costs of officer adult. And that is our address was also, im of you online at out 0 dot com, forward slash ctc. Thatll take you straight to a page which has individual report links and, and try to emphasize you to catch up on that set for this vision of counting the cost. Im laura kyle im from the whole team. Thanks for joining us. News. Announce, is there a unique perspective . Why is it the doctors dont get to have a saying any of the medical workforce has been so under valued by the British Government for such some time on hud voices . Tick tock had been a place for organizing politically, for getting people to vote for getting people to protest, connect with our community and tap into conversations you werent find elsewhere. Why is our government taking us to work on the basis of live . We . The public has to get out there and do something about it the stream on al jazeera. So if youre watching this pre recorded report, then al jazeera has been banned in the territory, all is, well, well just stream to be any stray me. When my country is closing down such Important Networks only because ition sooner thinking here this decision puts other networks where it came in. The occupied was time for inside israel proffer also, independent journalist would be targeted we, i thought it was 0. We shouldnt be aware of that as a badge of honor to be banned. I government that stands indicted for general size at the National Court of justice on counting the cost, israels installation defense has took a whole trade for the nation. So one of the economic costs of buying on palestinian watkins and as well as on pending labours, livelihoods, and can popular a new weight loss trucks reshape the industry. Counting the cost on alexs era. As universities across the u. S. Mobilize for palestine, an unprecedented track down intensifies. Theyre putting a target on my back there. Say, heres your person. Go get her fault lines investigates the mechanisms of suppression and the implications for academic freedom. Universities who embrace diversity when its for palestinian right . Youre suspended, youre investigated. Youre shut down the palestine exception and it does ita. Now was the time to be direct. Israels project has been to completely conflict zionism and judy as a. But it was not a jew, israels a state. And they need to be treated as any other state. What this is where the tough questions are, as can you see negotiations being even this is most important, which if youre going to negotiate, poll, unapologetic, im just upfront on out the clearing for their lives fighting intensifies between palestinian groups and this really forces him jamalia in northern gaza, the low on the bulk of this is out here at life from the hospital. So coming up before and you and stuff member has been killed and then the task on a month. You end vehicle you and says a 190 of his work because of be killed and causes tell you the students occupied the main whole of the university of m. Saddam demanding it divest from his writing legs companies. The duke
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