The $43B Big Pharma Story is Starting Over-With a New Player

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Days after Hurricane Helene, a powerless mess remains in the Southeast

JEFFREY COLLINS
October 01, 2024

AUGUSTA, Ga. (AP) -- Sherry Brown has gotten nearly the entire miserable Hurricane Helene experience at her home. She's out of power and water. There is a tree on her roof and her SUV. She is converting power from the alternator in her car to keep just enough juice for her refrigerator so she can keep some food.

Brown is far from alone. Helene was a tree and power pole wrecking ball as it blew inland across Georgia, South Carolina and into North Carolina on Friday. Five days later, more than 1.4 million homes and businesses in the three states don't have power, according to poweroutage.us.

It's muggy, pitch black at night and sometimes dangerous with chainsaws buzzing, tensioned power lines ready to snap and carbon monoxide silently suffocating people who don't use generators properly. While there are fewer water outages than electric issues, plenty of town and cities have lost their water systems too, at least temporarily.

Brown said she is surviving in Augusta, Georgia, by taking "bird baths" with water she collected in coolers before she lost service. She and her husband are slowly cleaning up what they can, but using a chain saw to get that tree off the SUV has been a three-day job.

"You just have to count your blessings," Brown said. "We survived. We didn't flood. We didn't get a tree into the house. And I know they are trying to get things back to normal."

How long that might be isn't known.

Augusta and surrounding Richmond County have set up five centers for water for their more than 200,000 people -- and lines of people in cars stretch for over a half-mile to get that water. The city hasn't said how long the outages for both water and power will last.

At one location, a line wrapped around a massive shopping center, past a shuttered Waffle House and at least a half-mile down the road to get water Tuesday. By 11 a.m. it still hadn't moved.

Kristie Nelson arrived with her daughter three hours earlier. On a warm morning, they had their windows down and the car turned off because gas is a precious, hard-to-find commodity too.

"It's been rough," said Nelson, who still hasn't gotten a firm date from the power company for her electricity to be restored. "I'm just dying for a hot shower."

All around Augusta, trees are snapped in half and power poles are leaning. Traffic lights are out -- and some are just gone from the hurricane-force winds that hit in the dark early Friday morning. That adds another danger: while some drivers stop at every dark traffic signal like they are supposed to, others speed right through, making drives to find food or gas dangerous.

The problem with power isn't supply for companies like Georgia Power, which spent more than $30 billion building two new nuclear reactors. Instead, it's where the electricity goes after that.

Helene destroyed most of the grid. Crews have to restore transmission lines, then fix substations, then fix the main lines into neighborhoods and business districts, and finally replace the poles on streets. All that behind-the-scenes work means it has taken power companies days to get to where people see crews on streets, utility officials said.

"We have a small army working. We have people sleeping in our offices," Aiken Electric Cooperative Inc. CEO Gary Stooksbury said.

There are similar stories of leveled trees and shattered lives that follow Helene's inland path from Valdosta, Georgia, to Augusta to Greenville and Spartanburg, South Carolina, and into the North Carolina mountains.

In Edgefield, South Carolina, there is a downed tree or shattered power pole in just about every block. While many fallen trees have been cut and placed by the side of the road, many of the downed power lines remain in place.

Power remained out Tuesday afternoon for about 75% of Edgefield County's customers. At least two other South Carolina counties are in worse shape. Across the entire state, one out of five businesses and homes don't have electricity, including still well over half of the customers in the state's largest metropolitan area of Greenville-Spartanburg.

Jessica Nash was again feeding anyone who came by the Edgefield Pool Room, using a generator to sell the double-order of hamburger patties she bought because a Edgefield had a home high school football game and a block party downtown that were both canceled by the storm.

"People are helping people. It's nice to have that community," Nash said. "But people are really ready to get the power back."

Continue Reading...

Popular

Trump 'Very Seriously' Considering Australian Retirement Savings System For US Working People: 'It's A Good Plan'

President Donald Trump has revealed that his administration is actively exploring the possibility of implementing a retirement savings system similar to Australia's in the United States.

FDA Clears Arrowhead Pharma's First-Ever Home Injection For Rare Fat Disorder

Arrowhead Pharmaceuticals won FDA approval for Redemplo (plozasiran), an siRNA drug reducing high triglycerides in adults with rare FCS.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Greek farmers block border crossing routes in escalating dispute over delayed EU subsidies

THESSALONIKI, Greece (AP) — Farmers in northern Greece disrupted traffic at border crossings on Wednesday in an escalating protest over delayed European Union-backed subsidy payments linked to an investigation into a corruption scandal.

Alibaba's New AI App Qwen Becomes One Of Fastest-Growing Globally

Alibaba's Qwen app becomes a major player in the global AI race, with 149% MAU growth and strong stock performance for the Chinese e-commerce giant.

First Drug to Show Breakthrough Myocarditis Data. Analysts See Potential 7-10x Upside. - Ad

This biotech just delivered a medical first in myocarditis and has a Phase 3 trial fully funded into 2027. Wall Street targets imply massive revaluation ahead.

US air travelers without REAL IDs will be charged a $45 fee

Air travelers in the U.S. without a will be charged a $45 fee beginning in February, the Transportation Security Administration announced Monday.

Samsung Vs Apple: The Foldable Phone War Just Went Nuclear

Samsung just launched a game-changing foldable phone, putting pressure on Apple's rumored foldable iPhone. Will foldables become mainstream?

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

LONDON (AP) — British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before .

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Noem Says National Guard Shooting Suspect Was Radicalized In US

DHS Secretary Kristi Noem says that the suspect in the fatal shooting of a National Guard member in Washington was radicalized domestically.

AI may be scoring your college essay. Welcome to the new era of admissions

Students applying to college know they can’t — or at least shouldn’t — use AI chatbots to and personal statements. So it might come as a surprise that some schools are now using artificial intelligence to read them.

The Smart Money Copper Trade - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Retire Comfortably with These New Monthly Income ETFs? - Ad

Retirement should be freedom, not stress. Yet outdated advice and tiny returns leave many trapped. Kelly G. broke free with a revolutionary income strategy once reserved for the wealthy - hitting her "Freedom Number" faster than she dreamed. You might already have enough too.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Donald Trump Administration's Unprecedented Investment In Private Firms Raises Eyebrows

President Trump administration has invested over $10 billion of taxpayer funds in private companies deemed crucial to national security.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Salesforce Q3 Preview: Record Revenue Predicted, Can Shares Recover After 30% Drop In 2025?

Salesforce shares are down in 2025. The company's Q3 results and Q4 guidance could see shares volatile in the last month of the year.

Google's Chinese Rival Hits Growth Roadblock Amid Mass Layoffs After Disappointing Q3

Baidu's Growth score plummets to 1.82% amid mass layoffs. See why China's Google hit a roadblock after a brutal Q3 in this ranking analysis.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Barrick's Breakup Rumors, North America Versus The World

Barrick Mining (NYSE: B) may split into two companies, one focused on North America and another on Africa and Asia.

Costco becomes biggest company yet to demand refund of Trump tariffs

WASHINGTON (AP) — Costco is joining other companies that aren't waiting to see President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Trump's Doctor Shares MRI Scan Results, White House Confirms Heart And Abdominal Scans 'Perfectly Normal' Amid Transparency Debate

The White House released a memo on Trump's previously undisclosed MRI exam which showed normal results. Trump, 79, underwent the scan as part of an advanced physical. His physician confirmed no evidence of health concerns. Public curiosity and vague comments from Trump led to the release.

First Drug to Show Breakthrough Myocarditis Data. Analysts See Potential 7-10x Upside. - Ad

This biotech just delivered a medical first in myocarditis and has a Phase 3 trial fully funded into 2027. Wall Street targets imply massive revaluation ahead.

A third Russian tanker attacked in the Black Sea, Turkish authority says

ANKARA, Turkey (AP) — A tanker carrying sunflower oil from Russia to Georgia was attacked in the Black Sea, the Turkish maritime authority said Tuesday, days after by .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service