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Roger Perlmutter lures Roy Baynes away from Merck; Now, Voyager: Al Sandrock becomes a CEO after break from Biogen

Roy Baynes
→ Professional sports teams cycle through free agency every year, and core veterans from championship clubs routinely splinter off in different…

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Roy Baynes

→ Professional sports teams cycle through free agency every year, and core veterans from championship clubs routinely splinter off in different directions. In a similar vein, Merck in particular has seen widespread turnover with its own nucleus of talent that helped Keytruda become one of the biggest blockbusters in the industry, whether it’s CEO Ken Frazier passing the baton to Rob Davis or chief marketing officer Mike Nally taking the helm at Flagship’s Generate Biomedicines. Another big name at the pharma giant, Merck Research Laboratories CMO Roy Baynes, has decided to move on himself — and he’ll be back with an old teammate.

Eliav Barr

Baynes retired this week to take on the CMO job at Roger Perlmutter’s biotech Eikon Therapeutics, which scored a Series B in January that crossed the half-billion-dollar mark. Perlmutter and Baynes both joined Merck in 2013. “As textbooks are updated to reflect the era of immuno-oncology, Roy’s contributions cannot be overstated, and will persist far beyond his eight years with Merck,” said Perlmutter’s successor at Merck, Dean Li.

Beginning April 1, Merck will turn to its deep bench and promote Eliav Barr to Baynes’ position. Barr, the SVP, global clinical development since 2018, has been with the company for 26 years. Baynes will then get started at Eikon on July 11.

Al Sandrock

→ It didn’t take long for Al Sandrock to jump at the chance to run a company: The former R&D chief at Biogen, and a sacrificial lamb amid the Aduhelm rollout fiasco, has ascended to CEO at Voyager, the gene therapy biotech that just took him on as a board member in February. It’s a space that Sandrock knows well from his Biogen days — Nightstar Therapeutics’ gene therapies for eye disease were enticing enough to purchase the biotech in 2019, but that particular bet has fallen flat.

Meanwhile, Voyager has regained momentum with its discovery efforts after running into choppy waters with decaying partnerships and clinical holds. Michael Higgins had been interim CEO since Andre Turenne’s departure in May 2021, leading Voyager to a $1.7 billion discovery deal with Novartis earlier this month.

Daniel Faga

→ When anti-IL-36R antibody imsidolimab airballed its Phase II trial for facial acne last week after a previous setback in severe palmoplantar pustulosis, it quickly proved to be the end of the road for Hamza Suria, the AnaptysBio CEO since 2011. Board member Daniel Faga now steps onto the court on an interim basis as AnaptysBio proceeds with imsidolimab in generalized pustular psoriasis and moderate-to-severe hidradenitis suppurativa. Faga walked away from Mirati less than two years into his tenure as COO along with CMO Joseph Leveque, shortly after David Meek took over for Charles Baum as CEO in September 2021.

Elaine Sun

→ Co-founded by CRISPR doyenne Jennifer Doudna and inking a nearly $700 million deal with Vertex last October, Mammoth Biosciences has unspooled a number of new execs: Elaine Sun (COO and CFO), who was previously the finance chief at Halozyme, has also been CFO and chief strategy officer for SutroVax; Ted Tisch has shifted to the role of “chief agility officer,” as the company is calling it, after more than two and a half years as Mammoth’s COO; Adriana Dantas Lemberg (VP, product management) spent the last 11 years with Roche in multiple product development and marketing capacities, and another seven with Becton Dickinson; and Dimitrios Zisoulis (VP, genome engineering) is the ex-VP of drug discovery at Locanabio.

Shinichi Tamura Sosei Heptares

Sosei Heptares is dealing with a lot of moving parts as it makes some changes to its leadership team. The company’s CFO, Chris Cargill will now be stepping up as CEO and president, succeeding Shinichi Tamura who is transitioning to chairman of the board. The other moves in the company include: Matt Barnes (named president of Heptares Therapeutics and head of UK R&D); Hironoshin Nomura (previously SVP, IR & corporate strategy and now CFO); Kieran Johnson (ex SVP, group financial controller and now chief accounting officer); Kazuhiko Yoshizumi (re-appointed as chief compliance officer); and Tadayoshi Yasui (re-appointed as president of Sosei Co Ltd, Japan).

→ Just as its gearing up to initiate a Phase II trial for its lead candidate, with a fresh $36 million in its coffers, Ocelot Bio is waving goodbye to its founding CEO Geoff Harris. The company has locked in Katherina Vega Stultz as Harris’ successor. Stultz makes the journey to Ocelot from Graphite Bio, where she served as COO. In addition, Stultz has experience from roles at Celgene and Eli Lilly under her belt.

Ribometrix out of the Research Triangle has promoted Manjunath Ramarao to CSO, nine months into his tenure as SVP of research with the Genentech RNA partner. Before setting off for Ribometrix, Ramarao concluded his 12 years with Bristol Myers Squibb as executive director, head of discovery and translational medicine at the Biocon-Bristol Myers Squibb R&D Center in India. Ramarao replaces John Reardon, who had been chief scientist since April 2019.

Rayne Waller

Rayne Waller has been named COO at Capsida Biotherapeutics, the southern California gene therapy outfit that will soon celebrate its one-year anniversary since Versant and Westlake Village BioPartners helped launch the company. Waller had a lengthy run at Amgen spanning 28 years, and in his last role at the pharma giant, he served as VP and site head for its largest manufacturing site in Puerto Rico. In December 2021, Peter Anastasiou replaced Bob Cuddihy as Capsida’s CEO, while co-founders Nicholas Flytzanis and Nick Goeden took C-suite positions.

Kyle Carver

→ Members of the old Dermira crew united to form Evoimmune in January 2021, followed by an $83 million Series A last September. This week the dermatology upstart has tapped Kyle Carver as CFO. Carver was chief accounting officer when the graft-versus-host disease drug Rezurock was approved at Kadmon, now part of Sanofi after a $9.8 billion buyout in the fall of 2021.

→ Treg-focused Seattle biotech Mozart Therapeutics is playing in a major key with the appointment of Jan Beck as COO, plucking him from Lyell Immunopharma. Beck had led R&D operations at Lyell, founded and chaired by Rick Klausner and one of the Endpoints 11 in 2020. He began a long association with Novo Nordisk in 2002, climbing up to president of the Novo Nordisk Research Center in Seattle. (This is also a golden opportunity for Peer Review to recommend one of Mozart’s delightful symphonies while you read this week’s edition.)

Randall Kaye

Philip Perera has announced his retirement as CMO of Longboard Pharmaceuticals, staying on as an advisor while the San Diego neuro biotech has plugged in Randall Kaye in his place. For Kaye, this is far from his first CMO gig, having held the position before at Avanir Pharmaceuticals (2006-14), Axsome Therapeutics (2014-16), Click Therapeutics (2018-19) and Neurana Pharmaceuticals (since October 2019).

Wendy Pang

→ Bay Area hematopoietic stem cell biotech Jasper Therapeutics is rejiggering its leadership since the arrival of new CEO Ronald Martell, promoting Jeet Mahal to COO and Wendy Pang to SVP of research and translational medicine. While Jasper lines up the headhunters for a new CMO, co-founder Judith Shizuru “will lead clinical development activities on an interim basis,” sending R&D chief Kevin Keller to a consulting role. Mahal, Jasper’s first ever operations chief, was previously chief finance and business officer since its late 2019 launch after 11 years at Portola as a business development and strategic marketing exec. Joining Jasper’s R&D team in January 2020, Pang was also a longtime instructor at Stanford.

→ Video game therapeutic maker Akili Interactive Labs is bringing in the brains with its new chief product officer Jon David. David is cruising his way into the Boston-based company with several gaming industry gigs under his belt. Heard of Diner Dash Adventures, Bejeweled Blitz or Plants vs. Zombies? Well, through his stints at Glu Mobile, Taunt, PopCap Games, Microsoft and Electronic Arts, David has helped develop them all and will be a welcome addition to the team over at Akili which recently revealed some hefty losses through its SEC filings.

Molly Henderson

→ NJ-based gastrointestinal disease player Phathom Pharmaceuticals has appointed Molly Henderson as chief financial and business officer, effective April 5. Prior to joining Phathom, Henderson served as CFO at UroGen and she’s held the same title at Iovance and Advaxis. Henderson also currently serves as a member of the board of directors and chair of the audit committee of Calliditas Therapeutics.

Laura Eichorn

→ Blood cancer upstart Imago BioSciences has lined up Michael Arenberg as chief operating and business officer, while co-founder Laura Eichorn will be the permanent CFO after holding dual roles as COO and interim CFO. During more than 22 years at Durect, Arenberg rose from SVP, corporate and business development to CFO. Mid-stage trials are ongoing for Imago BioSciences’ lead program, bomedemstat, in essential thrombocythemia and myelofibrosis.

Sundu Brahmasandra

Sundu Brahmasandra has taken over the COO position at Merck- and Pfizer-backed Strata Oncology, which racked up a $90 million Series C round last summer. A biotech fixture in Michigan, Brahmasandra has previously served as president and COO of NeuMoDx Molecular, and when Qiagen bought NeuMoDx, he then served as VP, president, head of operations and product development of Qiagen’s Ann Arbor operations.

→ Clinical trial software and analytics provider Cytel is picking up its first CMO with the appointment of Albert Kim. Kim most recently served as VP, clinical research head for Pfizer’s internal medicine research unit. Kim’s prior work includes roles at Novartis and at the FDA.

→ AI biotech Creyon Bio has found a CMO a couple weeks after launching with $40 million in seed and Series A funding. David Dimmock, who was recently the senior medical director of Rady Children’s Institute for Genomic Medicine in San Diego, is also on the scientific advisory board at BioMarin and Taysha Gene Therapies.

Scott Dove

→ Houston-based Stanford spinout Aravive has brought on Scott Dove as COO. Dove comes to the metastatic disease biotech — once run by Rekha Hemrajani and now helmed by Gail McIntyre since 2020 — from PPD, where he was SVP and general manager, early development services. He’s also been Allergan’s global clinical development lead for the IBS drug eluxadoline, which was first approved in 2015 and marketed as Viberzi.

→ Jumping on the radiopharma bandwagon, San Diego-based Crinetics Pharmaceuticals has made several hires in a nine-month period, and CBO Chris Robillard is the newest member of the squad. Robillard, the head of business development at Goldfinch Bio since November 2020, also led business development and corporate strategy during his four years at Karyopharm. Crinetics has also recently named Jeff Knight as COO and James Hassard as chief commercial officer while padding its board of directors with Sigilon CEO Rogerio Vivaldi and Magenta CCO Caren Deardorf.

Oliver Planz

Oliver Planz is stepping aside from his CSO post at German-based antiviral company Atriva Therapeutics after June 30, but the co-founder will still chair the scientific advisory board and lead the “Translational Immunology of Infection” group in the immunology department at the Eberhard Karl University of Tübingen. Atriva is currently studying its lead candidate zapnometinib as a possible treatment for Covid-19.

Jessica Crespo

→ Teaming up with Bharat Biotech on a Covid-19 vaccine that faced regulatory hurdles before a hold was lifted last month, Ocugen has promoted Jessica Crespo to chief accounting officer and SVP, finance. Since 2019, the Cubist Pharmaceuticals vet was VP, corporate controller and treasurer, and she was director, accounting & finance during her time at Aerie Pharmaceuticals. One more note: former Allianz Global Investors Capital CEO Marna Whittington — a board member at Macy’s and Phillips 66, among others — has been added to Ocugen’s board of directors.

Klaus Orlinger

→ Gilead-partnered immunotherapy developer Hookipa is promoting Klaus Orlinger to CSO. Orlinger joined the Vienna-based company in 2012 and started as head of virology before most recently serving as EVP, research.

Sean Gregory

Pairing up with Aetion to detect Alzheimer’s disease through the use of AI, medtech Cognito Therapeutics has appointed Sean Gregory as VP, health economics and market access. Gregory had previously been SVP, analytics & insights at Magellan Health.

→ The company that once belonged to Leen Kawas, Athira Pharma, has elected Michael Panzara to the board of directors. Panzara — the CMO, head of therapeutics discovery and development at Wave Life Sciences — joins a board that recently appointed Vaxcyte CEO Grant Pickering. Kawas, Athira’s co-founder whose reign as CEO was derailed by an investigation that revealed she manipulated images in her doctoral research and on several other occasions, has re-emerged as CEO of Propel Bio Partners.

John Young

Appearing in Peer Review last week with three new execs, Imbria Pharmaceuticals has named John Young to the board of directors. Young is closing out nearly 35 years at Pfizer as group president and special advisor to CEO Albert Bourla, and a board seat awaits for him at GSK consumer healthcare spinoff Haleon.

Sean McClain-led Absci, which docked with Merck’s dealmaking machine after locking up an AI partnership with the Keytruda maker in January, has rolled out the welcome mat for Andreas Busch on the board of directors. Busch, the CSO at Cyclerion, is the ex-CSO at Shire and the former head of drug discovery with Bayer.

Dyne Therapeutic’s former CEO and CSO Romesh Subramanian is picking up a seat on Ceptur Therapeutics board of directors. Subramanian was running the ship at Dyne from 2018-2021 and prior to that was at Alexion Pharmaceuticals. Stints earlier in his career include roles at RaNA Therapeutics (now Translate Bio), Pfizer, Thrasos Therapeutics.

Christina Coughlin

→ Chaired by F-star CEO Eliot Forster, oncology and diagnostics player Avacta out of the UK has reserved a seat for Christina Coughlin on the board of directors. Peer Review profiled Coughlin in November 2021 when she took the CEO job at CytoImmune.

→ With its lead program atrasentan in Phase III for IgA nephropathy, Chinook Therapeutics has added Mahesh Krishnan to a board of directors that includes Samsara’s Srini Akkaraju and Versant’s Jerel Davis. The Amgen vet is group VP, R&D for DaVita Venture Group.

Notch Therapeutics president and CEO David Main has joined the board of directors at Orum Therapeutics. In 2006, Main co-founded Aquinox Pharmaceuticals and has previously served as president and CEO of INEX Pharmaceuticals.

Sharon Barber-Lui

Sharon Barber-Lui has been given a spot on the board of directors at PureTech. Barber-Lui was the head of US oncology portfolio market strategy, operations and business analytics at Merck, then left after more than two decades at the Big Pharma to become SVP of global finance at EQRx earlier this year.

→ One of many biotechs that can tell you the struggle is real with tackling NASH, CymaBay has ushered in Éric Lefebvre as a member of the board of directors. An Allergan and Janssen alum, Lefebvre is CMO at Pliant Therapeutics.

Renee Tannenbaum

→ The last time we saw Renee Tannenbaum in Peer Review, she was joining the board of directors at Cardiff Oncology, and now she owns a board seat at ANI Pharmaceuticals. Formerly the VP of global partnering at Halozyme, Tannenbaum’s Big Pharma experience is plentiful, with stops at Merck, Bristol Myers, Novartis and AbbVie.

→ Dallas-based Vaxxinity is making some transitions as its EVP, development Peter Powchik is making his way onto the company’s board while retiring from his current position. Powchik has had a long line of roles spanning from Regeneron to Chugai Pharma to Novartis.

ONK Therapeutics, which recently inked a deal with Intellia last month, is signaling in Allan Reine as an independent non-executive director to its board. Reine currently serves as CFO at Foghorn Therapeutics and was previously CFO of Pieris Pharmaceuticals.

Lorenzo Galluzzi has made his way to the scientific advisory board at New York oncology biotech Phosplatin Therapeutics. Galluzzi runs his own lab at Weill Cornell Medical College and is assistant professor of cell biology in radiation oncology, while holding another faculty post at Yale.

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United Airlines adds new flights to faraway destinations

The airline said that it has been working hard to "find hidden gem destinations."

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Since countries started opening up after the pandemic in 2021 and 2022, airlines have been seeing demand soar not just for major global cities and popular routes but also for farther-away destinations.

Numerous reports, including a recent TripAdvisor survey of trending destinations, showed that there has been a rise in U.S. traveler interest in Asian countries such as Japan, South Korea and Vietnam as well as growing tourism traction in off-the-beaten-path European countries such as Slovenia, Estonia and Montenegro.

Related: 'No more flying for you': Travel agency sounds alarm over risk of 'carbon passports'

As a result, airlines have been looking at their networks to include more faraway destinations as well as smaller cities that are growing increasingly popular with tourists and may not be served by their competitors.

The Philippines has been popular among tourists in recent years.

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United brings back more routes, says it is committed to 'finding hidden gems'

This week, United Airlines  (UAL)  announced that it will be launching a new route from Newark Liberty International Airport (EWR) to Morocco's Marrakesh. While it is only the country's fourth-largest city, Marrakesh is a particularly popular place for tourists to seek out the sights and experiences that many associate with the country — colorful souks, gardens with ornate architecture and mosques from the Moorish period.

More Travel:

"We have consistently been ahead of the curve in finding hidden gem destinations for our customers to explore and remain committed to providing the most unique slate of travel options for their adventures abroad," United's SVP of Global Network Planning Patrick Quayle, said in a press statement.

The new route will launch on Oct. 24 and take place three times a week on a Boeing 767-300ER  (BA)  plane that is equipped with 46 Polaris business class and 22 Premium Plus seats. The plane choice was a way to reach a luxury customer customer looking to start their holiday in Marrakesh in the plane.

Along with the new Morocco route, United is also launching a flight between Houston (IAH) and Colombia's Medellín on Oct. 27 as well as a route between Tokyo and Cebu in the Philippines on July 31 — the latter is known as a "fifth freedom" flight in which the airline flies to the larger hub from the mainland U.S. and then goes on to smaller Asian city popular with tourists after some travelers get off (and others get on) in Tokyo.

United's network expansion includes new 'fifth freedom' flight

In the fall of 2023, United became the first U.S. airline to fly to the Philippines with a new Manila-San Francisco flight. It has expanded its service to Asia from different U.S. cities earlier last year. Cebu has been on its radar amid growing tourist interest in the region known for marine parks, rainforests and Spanish-style architecture.

With the summer coming up, United also announced that it plans to run its current flights to Hong Kong, Seoul, and Portugal's Porto more frequently at different points of the week and reach four weekly flights between Los Angeles and Shanghai by August 29.

"This is your normal, exciting network planning team back in action," Quayle told travel website The Points Guy of the airline's plans for the new routes.

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Walmart launches clever answer to Target’s new membership program

The retail superstore is adding a new feature to its Walmart+ plan — and customers will be happy.

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It's just been a few days since Target  (TGT)  launched its new Target Circle 360 paid membership plan. 

The plan offers free and fast shipping on many products to customers, initially for $49 a year and then $99 after the initial promotional signup period. It promises to be a success, since many Target customers are loyal to the brand and will go out of their way to shop at one instead of at its two larger peers, Walmart and Amazon.

Related: Walmart makes a major price cut that will delight customers

And stop us if this sounds familiar: Target will rely on its more than 2,000 stores to act as fulfillment hubs. 

This model is a proven winner; Walmart also uses its more than 4,600 stores as fulfillment and shipping locations to get orders to customers as soon as possible.

Sometimes, this means shipping goods from the nearest warehouse. But if a desired product is in-store and closer to a customer, it reduces miles on the road and delivery time. It's a kind of logistical magic that makes any efficiency lover's (or retail nerd's) heart go pitter patter. 

Walmart rolls out answer to Target's new membership tier

Walmart has certainly had more time than Target to develop and work out the kinks in Walmart+. It first launched the paid membership in 2020 during the height of the pandemic, when many shoppers sheltered at home but still required many staples they might ordinarily pick up at a Walmart, like cleaning supplies, personal-care products, pantry goods and, of course, toilet paper. 

It also undercut Amazon  (AMZN)  Prime, which costs customers $139 a year for free and fast shipping (plus several other benefits including access to its streaming service, Amazon Prime Video). 

Walmart+ costs $98 a year, which also gets you free and speedy delivery, plus access to a Paramount+ streaming subscription, fuel savings, and more. 

An employee at a Merida, Mexico, Walmart. (Photo by Jeffrey Greenberg/Universal Images Group via Getty Images)

Jeff Greenberg/Getty Images

If that's not enough to tempt you, however, Walmart+ just added a new benefit to its membership program, ostensibly to compete directly with something Target now has: ultrafast delivery. 

Target Circle 360 particularly attracts customers with free same-day delivery for select orders over $35 and as little as one-hour delivery on select items. Target executes this through its Shipt subsidiary.

We've seen this lightning-fast delivery speed only in snippets from Amazon, the king of delivery efficiency. Who better to take on Target, though, than Walmart, which is using a similar store-as-fulfillment-center model? 

"Walmart is stepping up to save our customers even more time with our latest delivery offering: Express On-Demand Early Morning Delivery," Walmart said in a statement, just a day after Target Circle 360 launched. "Starting at 6 a.m., earlier than ever before, customers can enjoy the convenience of On-Demand delivery."

Walmart  (WMT)  clearly sees consumers' desire for near-instant delivery, which obviously saves time and trips to the store. Rather than waiting a day for your order to show up, it might be on your doorstep when you wake up. 

Consumers also tend to spend more money when they shop online, and they remain stickier as paying annual members. So, to a growing number of retail giants, almost instant gratification like this seems like something worth striving for.

Related: Veteran fund manager picks favorite stocks for 2024

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President Biden Delivers The “Darkest, Most Un-American Speech Given By A President”

President Biden Delivers The "Darkest, Most Un-American Speech Given By A President"

Having successfully raged, ranted, lied, and yelled through…

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President Biden Delivers The "Darkest, Most Un-American Speech Given By A President"

Having successfully raged, ranted, lied, and yelled through the State of The Union, President Biden can go back to his crypt now.

Whatever 'they' gave Biden, every American man, woman, and the other should be allowed to take it - though it seems the cocktail brings out 'dark Brandon'?

Tl;dw: Biden's Speech tonight ...

  • Fund Ukraine.

  • Trump is threat to democracy and America itself.

  • Abortion is good.

  • American Economy is stronger than ever.

  • Inflation wasn't Biden's fault.

  • Illegals are Americans too.

  • Republicans are responsible for the border crisis.

  • Trump is bad.

  • Biden stands with trans-children.

  • J6 was the worst insurrection since the Civil War.

(h/t @TCDMS99)

Tucker Carlson's response sums it all up perfectly:

"that was possibly the darkest, most un-American speech given by an American president. It wasn't a speech, it was a rant..."

Carlson continued: "The true measure of a nation's greatness lies within its capacity to control borders, yet Bid refuses to do it."

"In a fair election, Joe Biden cannot win"

And concluded:

“There was not a meaningful word for the entire duration about the things that actually matter to people who live here.”

Victor Davis Hanson added some excellent color, but this was probably the best line on Biden:

"he doesn't care... he lives in an alternative reality."

*  *  *

Watch SOTU Live here...

*   *   *

Mises' Connor O'Keeffe, warns: "Be on the Lookout for These Lies in Biden's State of the Union Address." 

On Thursday evening, President Joe Biden is set to give his third State of the Union address. The political press has been buzzing with speculation over what the president will say. That speculation, however, is focused more on how Biden will perform, and which issues he will prioritize. Much of the speech is expected to be familiar.

The story Biden will tell about what he has done as president and where the country finds itself as a result will be the same dishonest story he's been telling since at least the summer.

He'll cite government statistics to say the economy is growing, unemployment is low, and inflation is down.

Something that has been frustrating Biden, his team, and his allies in the media is that the American people do not feel as economically well off as the official data says they are. Despite what the White House and establishment-friendly journalists say, the problem lies with the data, not the American people's ability to perceive their own well-being.

As I wrote back in January, the reason for the discrepancy is the lack of distinction made between private economic activity and government spending in the most frequently cited economic indicators. There is an important difference between the two:

  • Government, unlike any other entity in the economy, can simply take money and resources from others to spend on things and hire people. Whether or not the spending brings people value is irrelevant

  • It's the private sector that's responsible for producing goods and services that actually meet people's needs and wants. So, the private components of the economy have the most significant effect on people's economic well-being.

Recently, government spending and hiring has accounted for a larger than normal share of both economic activity and employment. This means the government is propping up these traditional measures, making the economy appear better than it actually is. Also, many of the jobs Biden and his allies take credit for creating will quickly go away once it becomes clear that consumers don't actually want whatever the government encouraged these companies to produce.

On top of all that, the administration is dealing with the consequences of their chosen inflation rhetoric.

Since its peak in the summer of 2022, the president's team has talked about inflation "coming back down," which can easily give the impression that it's prices that will eventually come back down.

But that's not what that phrase means. It would be more honest to say that price increases are slowing down.

Americans are finally waking up to the fact that the cost of living will not return to prepandemic levels, and they're not happy about it.

The president has made some clumsy attempts at damage control, such as a Super Bowl Sunday video attacking food companies for "shrinkflation"—selling smaller portions at the same price instead of simply raising prices.

In his speech Thursday, Biden is expected to play up his desire to crack down on the "corporate greed" he's blaming for high prices.

In the name of "bringing down costs for Americans," the administration wants to implement targeted price ceilings - something anyone who has taken even a single economics class could tell you does more harm than good. Biden would never place the blame for the dramatic price increases we've experienced during his term where it actually belongs—on all the government spending that he and President Donald Trump oversaw during the pandemic, funded by the creation of $6 trillion out of thin air - because that kind of spending is precisely what he hopes to kick back up in a second term.

If reelected, the president wants to "revive" parts of his so-called Build Back Better agenda, which he tried and failed to pass in his first year. That would bring a significant expansion of domestic spending. And Biden remains committed to the idea that Americans must be forced to continue funding the war in Ukraine. That's another topic Biden is expected to highlight in the State of the Union, likely accompanied by the lie that Ukraine spending is good for the American economy. It isn't.

It's not possible to predict all the ways President Biden will exaggerate, mislead, and outright lie in his speech on Thursday. But we can be sure of two things. The "state of the Union" is not as strong as Biden will say it is. And his policy ambitions risk making it much worse.

*  *  *

The American people will be tuning in on their smartphones, laptops, and televisions on Thursday evening to see if 'sloppy joe' 81-year-old President Joe Biden can coherently put together more than two sentences (even with a teleprompter) as he gives his third State of the Union in front of a divided Congress. 

President Biden will speak on various topics to convince voters why he shouldn't be sent to a retirement home.

According to CNN sources, here are some of the topics Biden will discuss tonight:

  • Economic issues: Biden and his team have been drafting a speech heavy on economic populism, aides said, with calls for higher taxes on corporations and the wealthy – an attempt to draw a sharp contrast with Republicans and their likely presidential nominee, Donald Trump.

  • Health care expenses: Biden will also push for lowering health care costs and discuss his efforts to go after drug manufacturers to lower the cost of prescription medications — all issues his advisers believe can help buoy what have been sagging economic approval ratings.

  • Israel's war with Hamas: Also looming large over Biden's primetime address is the ongoing Israel-Hamas war, which has consumed much of the president's time and attention over the past few months. The president's top national security advisers have been working around the clock to try to finalize a ceasefire-hostages release deal by Ramadan, the Muslim holy month that begins next week.

  • An argument for reelection: Aides view Thursday's speech as a critical opportunity for the president to tout his accomplishments in office and lay out his plans for another four years in the nation's top job. Even though viewership has declined over the years, the yearly speech reliably draws tens of millions of households.

Sources provided more color on Biden's SOTU address: 

The speech is expected to be heavy on economic populism. The president will talk about raising taxes on corporations and the wealthy. He'll highlight efforts to cut costs for the American people, including pushing Congress to help make prescription drugs more affordable.

Biden will talk about the need to preserve democracy and freedom, a cornerstone of his re-election bid. That includes protecting and bolstering reproductive rights, an issue Democrats believe will energize voters in November. Biden is also expected to promote his unity agenda, a key feature of each of his addresses to Congress while in office.

Biden is also expected to give remarks on border security while the invasion of illegals has become one of the most heated topics among American voters. A majority of voters are frustrated with radical progressives in the White House facilitating the illegal migrant invasion. 

It is probable that the president will attribute the failure of the Senate border bill to the Republicans, a claim many voters view as unfounded. This is because the White House has the option to issue an executive order to restore border security, yet opts not to do so

Maybe this is why? 

While Biden addresses the nation, the Biden administration will be armed with a social media team to pump propaganda to at least 100 million Americans. 

"The White House hosted about 70 creators, digital publishers, and influencers across three separate events" on Wednesday and Thursday, a White House official told CNN. 

Not a very capable social media team... 

The administration's move to ramp up social media operations comes as users on X are mostly free from government censorship with Elon Musk at the helm. This infuriates Democrats, who can no longer censor their political enemies on X. 

Meanwhile, Democratic lawmakers tell Axios that the president's SOTU performance will be critical as he tries to dispel voter concerns about his elderly age. The address reached as many as 27 million people in 2023. 

"We are all nervous," said one House Democrat, citing concerns about the president's "ability to speak without blowing things."

The SOTU address comes as Biden's polling data is in the dumps

BetOnline has created several money-making opportunities for gamblers tonight, such as betting on what word Biden mentions the most. 

As well as...

We will update you when Tucker Carlson's live feed of SOTU is published. 

Tyler Durden Fri, 03/08/2024 - 07:44

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