David Friedberg interviews FDA Commissioner Marty Makary during the JPMorgan Healthcare Conference about the 42 reforms announced in his first 10 months. Makary describes moves to compress drug development (one pivotal trial instead of two, less animal testing, Bayesian and continuous trials, priority vouchers with decisions in weeks) and to make US phase 1 trials competitive with China and Australia. He lays out a drug-price agenda built on most-favored-nation pricing, a faster biosimilar pathway, moving more drugs over the counter and cracking down on misleading pharma advertising. The conversation also covers the revised food pyramid, GLP-1s, the reduced core vaccine schedule, AI and wearables guidance, alternative proteins and autism hypotheses.
This All-In Podcast video, published January 15, 2026, features Marty Makary discussing XBI, XLV. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Marty Makary · Tickers: XBI, XLV