{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Health:Further","title":"203 - Unemployment Spikes, Trump Blows Up the Vaccine Schedule & Google Loses Its Top AI Mind","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/ee71b52e\"></iframe>","width":"100%","height":180,"duration":3442,"description":"Retail sales fell 0.6% in July. Inflation held steady at 3.4%. Jobless claims jumped to 209,000. Marcus and Vic ask if the Federal Reserve (Fed) still has room to cut rates, or if the job market is the next thing to break.\nPresident Trump signed an order to cut back the childhood vaccine schedule and repeated a debunked claim linking vaccines to autism. Medical groups pushed back hard. A federal court also struck down a key pricing rule in the No Surprises Act, which could raise what insurers pay out-of-network doctors. Employers are dropping the three biggest pharmacy benefit managers (PBMs), and small businesses are bracing for 14% premium hikes in 2027.\nBiotech kept raising big money. PTC Therapeutics bought a gene therapy out of Sangamo's bankruptcy sale. Epicrispr raised $90 million. Braveheart Bio went public in a deal worth close to $440 million. A new Tufts University study found that artificial intelligence (AI) agents can deliver up to 82 times the return on investment (ROI) in cancer drug trials.\nGoogle DeepMind is losing top talent, including Jeff Dean, who is leaving to start his own company. OpenAI is restructuring ahead of a planned public offering. Tether passed its first clean audit from KPMG, and the Securities and Exchange Commission (SEC) pushed back its crypto rulemaking plan again.\nMarcus and Vic break down what matters and what's just noise.\n00:00 Intro\n📊 THE ECONOMY \n00:57 Retail Sales Fall 0.6% in July | WSJ ↳ https://www.wsj.com/economy/weak-retail-sales-number-adds-to-softening-economic-data-c047dce9?mod=rss_socialeconomyfeed 02:04 Inflation Holds at 3.4% | WSJ ↳ https://www.wsj.com/economy/central-banking/inflation-federal-reserve-interest-rates-296d1430?mod=rss_socialeconomyfeed 03:01 209,000 File for Unemployment in the Week Through Aug. 8 | WSJ ↳ https://www.wsj.com/economy/jobs/u-s-jobless-claims-rose-again-last-week-29384997?mod=rss_socialeconomyfeed\n💰 VC & BIOTECH DEALS \n04:21 Epicrispr Raises $90M for Gene Therapy | Fierce...","thumbnail_url":"https://img.transistorcdn.com/qQpNWNNt0Jii-gH3dDJO-qaNGcqviKTTp8BwIkelLC8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kMGIy/YjcyMGFhYTI5N2Zh/ODNjMjdhYzRkMTcz/NGQyNC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}