Identifying Opportunities in Economic & Regulatory Trends

1)Drug Products Labeled as Homeopathic

The FDA wants to prioritize enforcement and regulatory actions with regards to drug products labeled as homeopathic and marketed without FDA approval.

a)    Regulations.gov

b)    People in the comments are upset over this regulation, they are complaining about more regulations being put in place, they wish for the government to not get involved

c)     They are the ones complaining in the comments, many describe that they have been using homeopathic remedies for years

d)    I think the opportunity would be difficult because it would involve going around the FDA

My mother works in the medical field. I think there is an opportunity because medicine is always needed. Homeopathic remedies have been around a very long time so a reputation has been built around them. People who use these remedies obviously think they are better than new medicines that are being created today.

2)Baby-boomers are requiring more health care

            a) Time

            b) It is estimated that 3 million baby boomers will hit retirement age every year for the next 20, hospitals will have to be able to care for an increasing number of elderlies

            c) The baby boomers will be most of the costumers

            d) I think it will be easy because health care is essential for elders, problems arise when the body gets old

As I explained before, my mom works in the medical field so I understand its need. She has explained to me how even today, hospitals struggle to take care of the number of patients. I have also heard of the issues related to paying for medical expenses. I am also aware that elders require a geriatric doctor. I have seen the health issues my grandparents have. They have multiple doctors for problems.

3) Trump places tariffs on Solar Panels

A 30% tariff was put in place on solar equipment.

a)  Time

b)    It is estimated that tens of thousands of jobs are to be lost, this industry was having great success leading up to this point

c)     People who desire clean energy, companies wanting to switch to clean energy, anyone attempting to develop better was to get clean energy

d)    I think it is easy because I have seen a movement of people wanting to switch from using fossil fuels to clean energy.

I learned in my class this semester that clean energy is less expensive than using fossil fuels. I think companies will benefit more in the long run when they switch to using clean energy. The increase in the solar energy market was dramatic in the past couple years.

4) Combating Human Trafficking in Commercial Vehicles

    a) Congress.gov

    b) It is stated that there are unique challenges in combating human trafficking within different transportation modes, human trafficking still exists and is a problem even here in the U.S.

    c) The government would purchase something that could help them find vehicles involved with human trafficking, so would organizations that are trying to stop human trafficking and churches

    d) I do not think it would be difficult because any new technology that could help stop this problem would be appreciated. There is currently a struggle to identify the sources of human trafficking in the U.S. and the government and many organizations desire to see its end.

I have seen the encouragement by churches and society to find an end to human trafficking. I do not understand the difficulties that law enforcement experiences when attempting to find how human traffics are transported around. I believe many people would support efforts in ending this form of modern day slavery. I have seen how popular movements are that bring awareness to human trafficking.