MIT Innovation Fellow Brian Deese speaks with CNBC about how the new class of weight loss drugs will impact American taxes and the federal deficit. “These drugs could touch tens of millions of Americans, that’s the good news,” says Deese. “They have the potential to reduce obesity, address diabetes and reduce the health care costs associated with that. The problem is that the scale and the cost of these drugs is so large, that it could add enormously to the federal budget.”
Prof. Jonathan Gruber, MIT Innovation Fellow Brian Deese and Stanford doctoral student Ryan Cummings write for The New York Times about the health benefits of new weight-loss drugs and the risk they pose to American taxpayers. “The magnitude of potential benefit and potential cost — roughly $15,000 per year per person — posed by these drugs suggests that policymakers may have no alternative but to step in and bring their costs in line with their social benefits,” they write. “If policymakers succeed in doing so, we could build a model for drug price negotiation that enables an extraordinary medical breakthrough to improve both our health and our fiscal position.”
Axios reporter Courtenay Brown spotlights a new report by researchers from MIT and the Brookings Institute that finds poorer counties in the U.S. with lower employment rates have, “attracted a large share of the hundreds of billions of dollars allocated for clean energy projects, semiconductor mega-factories and more.” Brian Deese, an Innovation Fellow at MIT, explains that: “Distressed communities are attracting new clean energy and semiconductor investment at roughly twice the rate of traditional private investment. If this trend continues, it has the potential to change the economic geography of the country and create economic opportunity in parts of this country that too many people have written off in the past.”
Reuters reporter Timothy Appell spotlights a new study by researchers from MIT and the Brookings Institution that finds, “a surge of factory building fueled by Biden administration investments in ‘strategic sectors’ such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not tracked ‘Democratic geography.’”
Brian Deese, an MIT Innovation Fellow, speaks with CNBC host Andrew Ross Sorkin about the state of the U.S. economy. “Perceptions of the economy have gotten increasingly polarized along political lines, and so when you look at that polling around sentiment and the economy one of the things it reflects is that increasing polarization that we are seeing everywhere and reflected in that data,” says Deese. “But number two, we do know historically that as economic data improves it leads to improved sentiment and in general, the incumbents benefit from that.”
Prof. Fiona Murray and her colleagues have found that female STEM PhD students are less likely than their male counterparts to receive mentorship from top inventor advisors, reports Women We Admire. The researchers “emphasize the importance of early intervention and encouragement for female PhD students aspiring to become inventors. Programs that actively support female professors in their patenting endeavors can indirectly lead to a surge in female inventor PhDs, thereby plugging the leaky pipeline.”
MIT Innovation Fellow Brian Deese speaks with Financial Times reporter Gideon Rachman to explain Bidenomics and how it is impacting the economy. “I think the term [Bidenomics] has taken on a lot of different elements,” says Deese. “To me, it’s a description of what are the three core economic policy priorities of the Biden administration that have played out over the course the last two years.”
Writing for The Washington Post, Brian Deese, an MIT Innovation Fellow, explores the resilience of America’s post pandemic economic recovery and the strength of the labor market. “This economic recovery is defying expectations,” writes Deese. “Enabling more people to work can extend this improbable progress and lay the groundwork for long-term economic growth.”
MIT Innovation Fellow Brian Deese speaks with CNBC host Andrew Ross Sorkin about the state of the U.S. economy and the impact of “Bidenomics,” President Joe Biden’s economic philosophy.
Ash Carter, a member of the MIT Corporation and innovation fellow, has died at the at the age of 68, reports Tara Copp for Associated Press. Carter – who opened combat jobs to women and ended the ban on transgender people serving in the military – was known “as a defensive thinker and strategist,” writes Copp.
Fortune reporter Nicole Gull McElroy spotlights how the MIT Innovation Initiative and the Sloan School of Management are opening Innovation HQ, a 50,000 square foot space that will house a cross-disciplinary innovation and entrepreneurship lab. “Innovation HQ will offer students, alumni, faculty and staff a place to work, collaborate and create with six departments, lab space, an innovator’s lounge and a new space for music and arts innovation called Voxel Lab,” writes McElroy.
Writing for Wired, Ash Carter, an innovation fellow at the MIT Innovation Initiative, spotlights a number of “technologists, activists, and policymakers who are thoughtfully creating and using technology in ways to protect the public good and help shape a better future.”
As part of the InCube entrepreneurial challenge, a team of MIT students is living in a glass cube for five days as they work on developing a better ambulance, reports Andy Rosen for The Boston Globe. Gene Keselman, executive director of the MIT Innovation Initiative, explains that the glass cube offers passersby a glimpse at what “the entrepreneurial journey looks like.”
CBS Boston highlights five MIT students who are living and working inside a glass cube on the MIT campus for four days as part of an entrepreneurial hackathon focused on developing the ambulance of the future.
Five visiting students are living and working in a glass cube as they work on developing the ambulance of the future as part of an InCube entrepreneurial challenge, reports Jadiann Thompson for WHDH-TV. “The goal is really to make this a four-day intensive stay in the cube,” graduate student Phillippe Nicollier explains.