Adderall shortage spreads to more US drug suppliers - September 20, 2022

Executive Leadership Briefing

Two more pharmaceutical companies are facing a shortage of generic extended-release Adderall widely used to treat attention-deficit hyperactivity disorder. Lannett Co. and Par Pharmaceuticals warned of the limited supply just weeks after CVS and Walgreens told patients they might have to wait more than a week to get their medication which is supposed to be taken every day. Recent reports suggest the number of Adderall prescriptions rose from 3 million a month in September 2019 to 3.5 million in December 2020. Epinephrine, used in emergencies to treat severe allergic reactions, and methyldopa, used to treat high blood pressure, are also among more than 100 drugs currently facing shortages.

U.S. single-family homebuilder confidence fell in September for the ninth straight month as the market continues to tumble. High mortgage rates and persistently high prices for building materials made new housing less affordable for first-time buyers. Economists indicated housing inflation will increase before cooling off in the coming months. Data-driven home-flipping company Opendoor Technologies has not been spared from the housing market’s sharp downturn, losing 42% of its transactions in August. The iBuyer warned investors that it expected to lose as much as $175 million in the third quarter.

U.S. authorities made upwards of 2 million immigration arrests along the southern border over the past 11 months, with migration from countries like Cuba, Venezuela and Nicaragua driving numbers up. In August, migrant encounters jumped to 203,598, and of those, 22% involved people who crossed more than once. The record-setting data come just days after Florida Gov. Ron DeSantis sent roughly 50 Venezuelan migrants to Martha's Vineyard without alerting authorities. A criminal investigation is being conducted following the incident where the migrants were left to fend for themselves.

Photo-sharing app BeReal aims to add in-app payments for extra features to avoid “Instagram-style advertising” after a massive surge in popularity among Gen Z users caused technical glitches. The core functionality of the app – having all of its users take a picture within a two-minute time frame once a day – will remain free to use. BeReal has grown to over 15 million daily users and has already drawn copycat features from TikTok, Instagram and Snapchat. The new TikTok Now app lets users “capture the moment using your device’s front and back camera,” alarmingly similar to BeReal’s use.

Queen Elizabeth II was laid to rest Monday after tens of millions of Britons came together to express their grief and gratitude. More than 100 world leaders, including President Joe Biden, attended the funeral to bid farewell to a sovereign whose 70-year reign defined an era. The British government declared Monday, Sept. 19, a public holiday for the funeral, leading to a wave of closures, service disruptions and cancellations that sparked some backlash. The last-minute decision left some employers scrambling as the government encouraged them “to respond sensitively” to time off requests for “a unique national moment.”

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