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My name is John Stewart and I am Risen from COVID Hell.
First timer. First timer did not care for it.
I do also want to welcome in all of our viewers who are probably joining us from X after watching an amazing and surprisingly life affirming conversation.
Doing Donald Trump and Elon Musk.
You know, when they started quoting their favorite Maya Angelou passages to each other. My interpretation to Caged vote is singing for bitcoin. We never got a job for you. Tonight, Mark Cuban is going to be joining us.
You know we mentioned Arlis.
On this program occasionally. We do make fun of Donald Trump occasionally, and with the ribbing and the joshing and the pulling the pants down and the pointing. But he's in pain right now, multiple sources tell The Washington Post Trump has grown increasingly upset about Harris's surging poll numbers. Trump is quote complaining, relentlessly, posting multiple times on social media, clearly frustrated with Biden's decision to step aside, saying quote,
now we have to start all over again. Not fair Jesus. A month ago, he was basically already the president. He had cheated death started a new ear accessory trend. Back then, people thought his VP.
Selection was a smart choice.
He had it all in the bag and it was taken away. It was perfect on the beamy. Now at the dismount who was walking the podium to get his medal, Romania files an inquiry at the.
Last right, at the last minute, and they're just stealing it from it.
And by the way, Romania file all you want, you're not getting a metal back. Oh I'm sorry, we have an inquiry. Yeah, good luck. But now, instead of enjoying the fruit of six years of Biden attacks, Trump's gotta start all over again, and the audience has to literally sit through him getting up to speed.
There are numerous ways of saying her name. You can say Kamala.
You can say Kamala, Kamala, Kamala, Hey Kamala.
Trump misspelled Harris's first name as Mabla.
I get Kamala, I get Kamala, Kamabla. Judges, are we taking kamabla. I hope the Romanians don't have a problem with that. But you know what, I guess what Trump calls her isn't as important as figuring out what she is. I don't know is she Indian or is she black?
Yes, she was Indian all the way, and then all of a sudden, she made a turn and she went she became a black.
What am I gonna do with all my Indian ethnic slurs that was gonna use mostly involved termerica human. She made a turn into black. He talks about it like she wandered into the wrong neighborhood. She went driving on the Upper West Side, and then boom.
She's in Harlem. Boom. Let it turn.
You know what, Donald, you're clearly struggling. Let's get some issue oriented ideas flowing here. You know we're gonna do. Come on, my brother, I'm gonna help you out. Here's what we're gonna do. We're gonna do, We're gonna do some apparently I'm in a musical about gambling. All of a sudden, Yeah, all right, here we go. I got my pan, I got my pad, I got my advisor. Forget the biographical suffer. Now let's focus on the issues.
I saw it yesterday on ABC which they said, oh, the crowd was so big, and I've spoken to the biggest crowds. Nobody's spoken to crowds bigger than me.
Okay, okay, that's one of those mom and pop issues. For the single issue crowd sized voter. I'd move on. But oh, you've got more.
I had one hundred and seven thousand people in New Jersey. You didn't report it. I'm so glad you as what does she have yesterday? Two thousand people we had in Harrisburg twenty twenty five thousand people and twenty thousand people couldn't get in. We had so many nobody ever mentions that when she gets fifteen hundred people, they said, oh the crowd was so big, I have ten times, twenty times, thirty times the crowd size.
I had an infinity crowd.
One guys.
You had one guy named Jeff.
All right, very clear, everybody she has nobody? Can we move on?
He wrote?
Has anyone noticed that Kamala cheated at the airport? There was nobody at the plane, and she aied it and showed a massive crowd of so called followers, but they didn't exist he goes on to say she's a cheater. She had nobody waiting, and the crowd looked like ten thousand people.
Oh my god. Now all right, for those of you at Almo are saying like, oh, it sounds like he's losing his mind. Just because there's video and photographic evidence that Kamala Harris's crowd was real doesn't mean that it was real. And then you might say, oh, well, John, I was actually there. I was in the crowd, and have you considered you're not real? Have you considered that
what is this? Nald Trump doesn't need to fake news media and their AI crowd shots to win this thing because he's got inside information on Kamala Harris from someone she used to date.
Well.
I know Willie Brown very well. In fact, I went down in a helicopter with him. We thought maybe this is the end.
We were in a helicopter going.
To a certain location together and there was an emergency landing, but he told me terrible things about her.
You were in a helicopter.
With former San Francisco mayor Willie Brown, who famously dated Kamala Harris, and while the helicopter was going down as you were plunging.
To your imminent death.
Former San Francisco Mayor Willie Brown turns to you and says, this might not mean anything to you now, but to you, do you.
Remember that, lady, I was going out with the prosecutor well before we die.
I just want you to know she worst.
I do not want to meet my maker without giving you that piece of information. If you survive, you may need it.
Oh my god, I.
Gotta tell you. I'm sure a moment like that was seared not only in the memory of Donald Trump, but also into the memory of former Mayor Willie Brown.
To be clear, you have never been on a helicopter with Donald Trump.
And he made a mistake.
Thought it was.
What what.
That is so dum that I'm sure that is not what happened.
What are the chances Trump is just mixing up his black people.
It seems that the African American politician in question was not Kamala Harris's ex former San Francisco Mayor Willie Brown, but rather this man Nate Holden, a former Los Angeles City Council member who says he had a bumpy ride with Trump in nineteen ninety.
Oh my god, do you know what This means.
Nate Holden, former Los Angeles City Council member, told Donald Trump as their.
Helicopter was going down.
Bad things about Kamala Harris that I guess Willie Brown had told him if they knew each other. That is the only explanation, right.
Hold Him saying, quote, Willie is the short black guy living in San Francisco.
I'm a tall black guy living in Los Angeles.
I guess we all look alike. Hey, Donald Trump is not racious. He just meets a lot of people on death helicopters and he needs some mnemonic device help. If the chopper goes down, that's not Willie Brown.
Head a little little device heard one.
If the flight's not going great, you're probably riding with me.
Look, people.
They pulled the candidate Trump was crushing. It's hard. You think you could write a new Hour in a month. It's not easy. He's trying. He's trying out some good catastrophizing on Harris.
If Harris wins this election, you will quickly have a crash. Like in nineteen twenty nine, we could end up in World War three.
The suburbs will be overrun.
Boom, That's what I'm talking about. Stock market crash, world War three, suburbs destroyed, it's fresh, it's new. We haven't heard what was that? And I'm sorry.
If Biden got it, you'll have a stock market crash the likes of nineteen twenty nine are worse, a very real risk of World War three. They're going to, in my opinion, destroy Somebia.
This is just a remix, Dude. You can't just find and replace Biden with Kamala. That's lazy apocalypsing. Look, man, if you want us to genuinely fear your opponent as the existential threat you'd like to make them out to be, you're gonna have to do better than boilerplate cut and paste. Shit. You're better than this. Donald.
Joe Biden is a failed president. She was a failed vice president, the worst president in the history, the worst vice president in history.
He is incompetent, she's incompetent.
Everything he's touched has been bad, Everything she's touched has turned to bad things. He can't talk, she can't talk, and in many ways he's worse than Burnie.
She's worse than Burnie low IQ. He's a low IQ individual.
She happens to be really a low IQ individual.
Serially goes she has a very low IQ.
This is bullshit, man. This is like when Elton John changed like three words and then pretended Candle in the Wind was always about Diana. It wasn't.
Very disrespectful to Marylynd.
Too soon.
Here's the problem.
Even when Trump does figure out how to come a Kamala, it's not really landing because most of the time the bad stuff he's saying about her applies even more to him.
If Kamala will lie to you so brazenly about Joe Biden's mental incapacity, then she will lie to you about anything.
She can never ever be trusted.
Yes, Donald Trump is telling America not to elect a liar. Donald Trump is saying that I don't about a liar. I mean, for God's sake, He's like the Michael Jordan of lie, or, as Trump would say it, the Willie Brown of lyon and confusion. Look, I had to say it.
I don't think Trump has gone in him to go after Kamala Harris. He's been fighting Joe Biden for six years, it's all he knows. He misses the fight so much he was still workshopping nicknames for Joe Biden.
This weekend. What do you like better?
It doesn't matter anymore, But what do you like better?
Crooked Joe or sleepy Joe?
Sleepy Joe? Crooked Joe. This is sad. It's like seeing an old man talking to an empty spot on the bench and then you realize that's where his wife used to sit. He would give up.
Everything for just one more moment. We cook at Joe.
I hear he's gonna make it come back at the Demokrat convention. He's gonna walk into the room and he's gonna say, I want my presidency back, I want another chance.
To debate Trump.
I want another Chand he's not coming back.
He's not coming back.
Donald.
Hey, you know how I know he's.
Not coming back. We have a camera on him. That's him. He's just sitting there at the beach, having an Arnold Palmer. You can hear him sighing over the waves. Does this look like a man marshaling his forces to take back the nomination or filming a Corona commercial? He's finding his beach. It's over. There's only one way, Donald, meet me a camera one Hello, friend, May I call you Donald? I
get it. You wanted to run against Joe Biden. Just two old dudes go in toe to toe fungus last Hurrah, Rocky twelve.
It's not there.
Now You've got to run against someone who appears healthy and youthful and happy, her vigor standing as a stark counterpoint to whatever front butt thing you have going on. And it's pretty clear that Biden isn't going to do what needs to be done to stop this steal. I know,
love stopping steals right feeling me. Kamala Harris accepts the nomination next Thursday night, which means it may be time to get the gang together storm the convention pull in August twenty second, this time on behalf of Joe Biden. All you need is thousands of supporters who have not yet been sent to jail yet for being part of the Last.
Mood or God sent to jail so.
Early in the process, they're already out. If only there was a sign of the righteousness of this cause.
A federal judge ruling the Department of Justice must return the spear and for helmet belonging to Quenon Shaman, Jacob Chancelly.
Shaman donn Fair helmet we ride on for Bidon when we go back Markibbing, it's here, don't go away.
Let me write back. What about to Dallas show, I guess tonight an entrepreneur, an already owner of the NBA's Dallas Merrick's, co founder of Costs Plus drug company.
Please welcome Mark Kibbn, sir, welcome, Thank you, you are you're fair.
Security.
I didn't hear you what you said.
This is a no, this is a Nicks. They love that.
Now are people in New York?
Are they because of the history between the Mavericks and the Knicks generally with the trades where you fleeced us to a certain extent? Uh, do you find there's a kindness that is uh?
Yeah, yeah, I'm extended to you, Nick. Literally if I like to walk in New York, right and just today walking down the.
Street, Yeah, Ku man, we love you and it's.
Crazy literally great basketball fans here. I get all kinds of love.
And that's what you get in New York. That's what they shout at you.
Yeah, but that's what I get. And now it's more thanks for JB. Right, but yeah, that's what I write.
Well, Jalen, But now, did you have any idea when Jalen Brunson was there, and I'm sorry to go down this road, but I'm a Nick fan and this is just you're gonna have to sit through. Ith Jalen Brunson was not He started in the playoffs when uh yeah, when Luca got us, did you have any idea that he would become this all nb a phenomenon. He's undersized, he doesn't. His footwork is so phenomenal.
No, no idea. I mean, I mean he was talented, but he was picked in the second round. If everybody knew, he would have been a top five pick. I mean, if you redraft that draft other than Luca, he is a top three or five pick.
That's amazing.
It's crazy. Yeah, but more credit to him. He worked on it.
Yeah, and he's and it just seems like a phenomenal guy. And then decided to take a contract for less money than he could have made.
So let's talk politics.
By the way. Now you are in this interesting position in your career where you've sort of above you are now, even though I think your leanings are probably you consider more independent, more libertarian, you are the left's favorite billionaire because and I can't I don't know if it's because there's a certain mellowing that occurs as you get older, or if this new sort of tech bro phenomenon is so dystopian in its formulation.
Yeah, I mean this is all who I've always been. I haven't been like the rich guy trying to act like a rich guy. My friends just still my high school buddies, my college buddies, my rugby buddies. But watching what's happened in Silicon Valley is insane, right right. It's not so much a support thing. It's more like a takeover thing, trying to put themselves in a position to
have as much control as possible. They want Trump to be the CEO of the United States of America, and they want to be the board of directors that makes him listen to them.
It's not a good What is the ethos? Because it seems like in the old days of innovation there was a certain amount of we're innervating the Internet, we're taking things. Now it seems much more about sort of this social engineering and transhumanism, and we are going to join with computers and together eight of us are going to run everything dominating, right, Is that the ethos? You see?
Yeah? I think I go yeah, you just said yeah, they've gotten to the point now where they feel like they should control the world, right, and that there should be a CEO in charge of everything. But because they have a good photo app because of riches, right, you know, it's just like you get to that point sometimes where I think they've lost the connection to real world.
Is it boredom? Like is there a certain extent like if you're like a Bezos or one of those guys, you just you've sold so many books that you're just like, I'm going to live on Mars.
Like It's just I think it's more what's their next act? Right, We've like, we invented this, we did this, we created that. What can we do next? Somebody wants to go to Mars? Well, what can we do here back on Earth? Well, let's I mean look at Elon right, Elon and being one of those powerful people. He's trying to be the most influential man in the world. It sounds like a commercial, but literally that's what Twitter has given.
I've got to say I think he might be that because I don't even think he's trying to. When you when you talk about somebody who is setting up satellite links for war zones and also controlling discourse in the most important platform, the most.
Powerful, because Twitter is in every almost every country, right, and so Twitter gives him the ability to connect to the prime minister, the head of every country in the world that's right, and that that person whoever is in charge of that country has an interest in what happens on Twitter, and what happens on Twitter because of the control of the algorithms. Being the biggest user is all dependent on Elon Musk. He literally wherever his thumb wants to go, he gets to push his hard certainly.
I mean, he's transparent about where he wants things to go. I think he's very clear that civil war is inevitable and that white people are under concerning right, it's it's you know, it'll be like civil wars inevitable. And then he'll write underneath there, you know, kind of an undersavment on there. But uh, I can't I can't decide whether or not it's better to know exactly where he stands and know where he's going to be put the thumb on,
because he's clearly a very bright guy. Yes, and he has a media empire that has the largest reach and most influence of anything on the face of the earth, and there's no question he's going to leverage it in this election, no question.
But the crazy part is he has more impact globally than he does domestically in my opinion, right, because when you go on X you see a preponderance of right leaning people. You don't see a lot.
They're all over my for you. I've never clicked on any of these.
Well, that's the whole thing. That's the way algorithms work, right, what, Yes.
They do the opposite of what I want. Yes, but somebody tells them when you write an algorithm.
I haven't written a lot, it's been a while. But when you write one, you get to set the parameters of what you want to see happen. And he certainly has done that to the things he likes. But it's different in other platforms. And the good news is what twenty percent of adults in the United States are on Twitter, So I mean there's eighty percent who aren't there.
But isn't this a certain amount of of uh tech bro malpractice that there is this incredible uh need in the marketplace of something that is slightly less biased or you know, toxic when it comes through there and like they came out with threads, and you're on it for two seconds and you're like, I think I need an app.
No, I like threads. Threads is getting better. Try it.
No, h here's something that doesn't sell online. No, it's getting better.
That may be the worst wor saleshit ever.
Okay for any of these, but see, you you do disrupt industries like there is. See that's why I would have thought, and I think you've said this that Trump appealed to you at first because there is a certain outsider. And look, we both know our government, there is a status quo, and there is a capture by lobbies and by big businesses that write this legislation and end up gaining advantage that needs to be disrupted.
Correct.
When did it occur to you that he didn't necessarily want to free it. He wanted to have the deed to the swamp signed over to.
Him about the third time I talked to him, Right, it was he wasn't about changing. I mean, the conversations I would have with him. I'm like, there was a time when are these phone conversational conversations? Yes?
Is it zoom? No?
It wasn't zoom.
Right, that was pre zoom. Actually does he FaceTime? No, that didn't FaceTime, right, But like we were talking about this one debate for CNBC that he wasn't going to be at, and I'm.
Like, don' going much?
Not going?
And I'm like, Donald, why don't you go to a local small business and sit there at the table and just show off your business, chops right, and show people your business? He goes Mark, Donald Trump and Mark Cuban don't go to people's houses and have dinner. Are you kidding me? That's who he is. Right when we talked about what's he going to do with the ground game out, I got all these religious people who are going to do their work.
For me Jesus. So he in his mind. So I think this is very interesting because and maybe you know this too, he runs a family business, so he is an essence and monarch. It's a dictatorship. And maybe there's not as much malevolence to his actions as oh, this America can be a subsidiary of the Trump organization because this is how I run it. And they might say, well, we have checks and balances and division of government, and he just thinks himself, yeah, no, we're gonna get out of that.
Yeah, that's the sense I get. That's what it is. Yeah, this is my country, right, everybody else is bad? Donald good?
Okay, and so Donald good. So whoever thinks Donald goold also.
Come along with the for the ride? Right? I mean, he just brought hate and anger to politics, and that is a sales pitch when.
You talk to him. Is that a part of his general conversation or do you think that is a strategic demagoguing of he wants to get that emotion.
That wasn't what we talked about. But I think that's Donald is a sales rep. He's a salesperson. He's going to follow what works and whatever. He's going to try all kinds of different things. He's going to talk to all kinds of different people and he'll try things out and if it works, it's going to.
He's going to do more of it. Do you see him on his heels?
Now?
When was the last time that you sort of had these counseling sessions.
No, there weren't. I talked to him probably twenty nineteen.
No.
I talked to him during the pandemic because I was trying to help him with different things. Look, he's still the president of the United States. It's still our country, right, So I tried to help him with PPE and a lot of different things, a lot of medical cares type stuff.
Sure we got who suggested the bleach is that you is that everything. Everything's going great, everything's working. Cuban Prince says, have you tried drinking liquid plumber? I did not say drink I said in Jack, all.
Right, I heard so.
All this is going on. You've soured. So what is your relationship now with this tech world? And how does AI fit into that? And how do you remain bullish on those innovations when they so clearly are working to avoid any kind of regulation of these new innovations.
Okay, two things. One, they're there because they're rich, not because they're tech bros. Or because they just happen to make their money in tech. I don't think that's really applicable the AI side. You know, I've been in technology for a long time, and you can always look at a new tech PCs, networks, the Internet, streaming whatever, and say, okay, in five years, this is what's going to happen. Right, have a good sense with AI. You can't do that
with large language models. We have no idea whether it's going to zig or zag or what the impact is going to be. And that's the good news and the bad news. The good news is we're dominating right now globally the United States. Is the bad news is in terms of in terms of are the quality and the impact of the AI and the advancements that we're introducing in AI, the research that we're doing, we are, without questioning the leader, and that's really important from a defense perspective, military,
et cetera. And also you know, from a business perspective, it's going to have a big impact on this country. I personally think it's generally positive, but there's a lot of uncertainty to come.
And so when you know, what gives you the hope that it's generally positive because I as a counterpoint, we heard the same thing about social media, and we heard the same thing about all these different innovations of the connectivity. And yet every time I turn on Congress, Zuckerberg is up there like, look, I'm really sad. I didn't know it was going to kill all your daughters.
Like no, remember, it's still just a short window. Social media you know, has really only been prominent last six years and I think we'll learn and we'll evolve, and the same thing will happen with AI. There's going to be points in time where it's up right and people are using it. But I think over time, particularly with gen Z, right, gen Z is a different beast. You know, boomers are idiots. I mean we went from sex, We went from sex, drugs and rock and all to Fox News.
I mean, it doesn't get any worse than that, right, And they're trying to we haven't done what And they're trying to define regulations, right, And that's hard, right, that's really really And so I think gen Z has a better understanding and a better feel for AI and where it's going and would maybe be able to come up with better uses, better implementations, and better regulation.
Does it concern you that the implementation time frame? So when you think about the industrial revolution, right, and you think about the disruption or globalization, the disruption to the workforce, the way that labor can travel and labor cannot travel but capital can, right, and all these different things that were kind of a race to the bottom for American workers to a large extent. But all those changes took place over sometimes the century, sometimes decades, the changes in
AI the disrupt Right. So when you've got something that disrupts to maybe even a larger extent than globalization did, to maybe a larger extent than the Industrial Revolution did, and it's going to happen by Thursday, in what world are humans in any way capable and set to withstand that disruption.
I think we'll be able to withstand it. But I think it's going to be very disruptive. And the problem is it's going to happen anyways. And you know, somebody here, your son at Duke right, can say I've got this great idea, I'm going to implement it with an open source, large language model and I'm going to take it in.
That's so weird he did say that to me, right.
But gen Z is different, right, gen Z I think looks at humanity. Humanity differently, is kinder, Like I've got three kids, fifteen, eighteen and twenty one, right, right, and they're just nicer, right, They're not like we were.
So are you trying to say, like, are we weathering? What is the last gasp of this kind of more misanthropic moment in history? So in your mind, whatever happens, this is going to be a more misanthropic decade that will be ameliorated by this younger generation.
Right, I hope so, because the regulatory cap the way we've always done politics right now is everybody's chasing power and nothing will give you more power than military and AI. And I think the algorithm, I mean, we talked going back to algorithms again, right, driven by AI. That's the most powerful element in the world right now because everybody just gets whatever they're seeing reinforced. And if you want to influence somebody, just manipulate the algorithm and you'll get their attention.
And so but I think, so, what's the remedy on that if there's no one working a pushback? If pushing back on that is considered.
You just got to go censorship. It's just one of those things where you've got to go through it.
It's an evolution of a new media model.
Just an evolution of technology, right media, right, because if we don't do it, the Chinese and the Russians will because the only thing that holds AI back is processing power, electricity and ingenuity, right, and I think our ingenuity wins. I'm still a big believer in an American exceptionalism. I still believe that we've got the best technologists in the world, and I think that's why we have to open that door for AI.
So ultimately it becomes a question of the world is going to be carved up in the way that it's always been somewhat carved up in terms of its resources. The question is is it carved up by the Western world or is it carved up by somebody else, a different world? And do they set up a different system. And I'm assuming that Russia and China see a unique vulnerability in the West's ascension in this moment that's been the world order since nineteenth five.
Everybody looks at it, right, and looks at it and says Ai, if I can he who controls Ai? Right? And so, But we've done a good job of limiting processors. The New Semiconductor Act will help us quite a bit, and we'll bring things. You know, we were already doing most of those things here.
Right, So how do you resist the ring? Right? So, like Lord of the Rings, the ring of like it's the one thing. Boy, when you get the ring, you just don't want to let it go. How do you resist that? Because you've got the money, You've got the influence. You could be that guy. You could be setting those things up and doing all that. But you're just trying to get us like better generic aspirin.
Like what is happening?
No, No, I tell you that.
I know what I know, and I know what I can do. I know what I'm good at.
Okay, And you're not tempted by the ring that's in front.
Of it, because I think there's a different ring, right, Because yeah, AI could be the end all be all technologically, but that doesn't play to my strengths, and the ups and downs and ins and outs are just not me. But you want to talk about pharmacy, what could be better than the healthcare system in the United States of America and make it feel it's affordable?
But that does your things?
There's the path there, there is.
I imagine when you get in that position, at that height, you can't help but hear the siren call of you could run this whole thank you, But maybe a little bit, maybe a little bit, but you know, just I hate to use the cliches, but the way I was raised, I've got three kids, right, and I don't want to miss that, you know, I don't want to be ninety five and look back and say I was president, but
I didn't get to know my kids at all. Right, you know, I'd rather say healthcare and everybody's healthier, and everybody's got a better world to live in. And my kids and I have friends, were close. You know, they bring over the grandkids and the kids' kids, and that's just more important to me. Right. And do you have your eye on other industries right now where you can do sort of the same thing.
If this pharmacy and where you know, costplus Drugs dot constant, I'm gonna get that sales pitch in there. Costplus Drugs dot Com is literally in process of having a significant impact on the drug market. Right. We are pushing generic drugs down down now, we're right around the corner front.
Well, you're negotiating prices in a way that hasn't been done private.
Right, So when you go prior to us, there was no transparency whatsoever, right, and so nobody knew what the price of any medication was, whether you're an employer playing.
For you, and it's just run by these boards.
Yeah, the these pharmacy benefit managers are dictating prices left and right. They're basically stealing money from employers and employees. And so we walked in there and said, what's the one missing piece transparency? So when you go to costplus Drugs dot com, you put in the name of the medication you might take. Let's just say to Dila Phil, right, I know you don't know what's drug.
I'm so hopped up on I have no idea. Do you know what it is?
I don't generic sialis.
As I said before, I am so hot.
When you go to cost plus Drugs dot com and you put into Dila phil or what I mean. First thing we do is we show you our cost. Then we show you our markup is which is always fifteen percent, and everybody gets the same price because we're mill order to start, we're starting to partner with pharmacies. Now there's a shipping fee and then there's a fee for the pharmacists to review everything. And when you do it that way, this is legal. Of course it's legal.
Yeah, it's good old American capitalism.
But let me just tell you the impact. There are drugs that there's a drug called a matinet for chemotherapy that when we started, the price of a matinet if you just walked into a big pharmacy, A big chain pharmacy was going to be two thousand dollars. You go to costplus Drugs dot com, it's under thirty. There's a drug drox a dopa. Right, actually said Sandy, I had a friend, I had a front landed who was in a terrific car crash and he needed this drug droxidopa
and lost his insurance. It was going to be thirty thousand dollars every three months. I'm like, let me just check the seafood. We can get it sixty four dollars a month, and the price has gone down since all because we were transparent.
But like, weren't there dudes like Martin Screlly in jail for shit like that, Like when you jack prices up like that? And why can't the United States government negotiate in terms of if you're the largest customer to any industry, it's criminal that you wouldn't use any leverage to make those things more available.
The problem was there's this thing called pharmacy benefit managers, right, and they're basically responsible for doing the negotiating with to a certain extent, Medicare, but with all the large employers, if you're one of those big companies that cover one hundred and fifty million employees across the country. That's who you negotiate with. And the first rule when they negotiate, they say, is you can't talk about this. It's like fight club. You cannot say what your price is. You
can't say what we're doing in our negotiation. And they got so big doing that that nobody ever questioned them. We come along, and actually Martin scurelly plays a little part in this whole thing because when he got thrown in jail, I was talking to Alex Oshmyanski, my partner, and it's like, if this dude can just jack up the price, it is not an efficient market. That means nobody knows what the real cost is. If we publish
our price, boom, the whole world's going to change. And as it turns out, the FTC just came out with this report criticizing the PBMs. They used our pricing data. The smartest thing we did was so now.
So this brings up so FTC is a federal Trade Comission, and boy, there's nothing the tech world hates.
More than the FC than the FTC. So how does that square?
Well, you know, like any agency, they do, something's right and something's wrong. So but in this case with the PBMs, they're crushing them and it's justified.
Now is it something that can't be done throughout the healthcare because one of the difficulties with healthcare is the contingencies of you can't really comparison shop. When you have a heart attack, you're basically saying, drive me to the closest hospital and take care of it. But those prices you're talking about, you could get heart attack treatment at this hospital it's one hundred and fifty thousand dollars, but you go up the street and it's twelve thousand.
And it's all Aboutandy knows what's the and what happens is who's pain when you, you know, God forbid, have a heart attack and you go there and let's just say it's going through your employer, right, your employer has no idea what they're paying. And so what we're saying is on drugs first, and now we're just getting it approved today, we're going to publish all contracts. Never before has it
been done where for my companies. We're saying, if you want to do business with us, if this hospital system wants to work with my companies whatever it may be, We're going to publish them and put them online for anybody to see all of our pricing.
But so the right, I think that's fantastic.
But I'm curious setting.
Why is there such pushback on this idea of applying those same kinds of competitions and things to our healthcare sism. You know, we talk about what we have about a privatized healthcarecism and it's the best in the world, but very clearly it doesn't function like a free market.
No, it's not in any way at all.
So what is so terrible about getting everybody healthcare? Like? Why is that such?
But these companies, these PBMs and the big insurance companies they call them the buka's the largest insurance companies, right, they are so big, Like, like I keep on saying, big employers cover one hundred and fifty million people, right, And the CEO of this big company doesn't know much about healthcare and their health care costs, and so they just say to them, Okay, we're going to write you a check for a rebate, even though it's your sickest
employees that are paying for that rebate, right, they just don't know.
And it's so interesting because it's such a non villainous you know, nobody ever talks about like big prescription benefit manager, right, Like that's a good tell me. It's always like big oil is going to come down, or big tobacco or big farm, and it's really like the PbII middle manager.
Yeah, that's what it is, right, and you cut them out, right, there's no reason for the big ones that controlled ninety percent of the prescriptions that are filled, there's no reason for them to exist. There are others that are called pass through PBMs, right, that show you all your claims, show you all your data, show you all your pricing, that do it for a fraction of the price. Right, So there's an opportunity tosuption disruption.
Be like to see what's that? Now, what's that? What else you have your eye on?
Healthcare? Healthcare? It's gonna be healthcare healthcare.
I'm with that. I'm with that too, and and it might be, you know, with that money, if you could help the Knicks get okay, forget it, it's all fine. Thank you very much for coming by. Always a fascinating conversation. Check out costplaus Drugs dot com, Mark Cuban, where.
Do you take that?
B No, that's.
Now, don't cover tonight before we go, We're gonna check in with yours for the rest of the week. Dailick is gonna be John MOI what are you covering this week?
Oh John, I'll be recapping all the inspiring athletes of the Olympics, Simon Biles, Katie Ledecki and of course, of course that Australian breakdancing lady.
Why why you know the thing about her? It didn't her dancing didn't seem and I say this was good? It didn't. It didn't seem so good, Oh John.
She was inspiringly terrible, inspiringly terrible, because I can never do what Simone Biles does.
But this all.
This, Yes, I can do this this and quite well I might have.
Yeah, all this stuff, John, I could do this.
All this?
What what how you do this all day? I can all day.
I could have done it all day before COVID.
But now I'm tired.
Twenty twenty eight, Here I came.
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