Image: Banyan Treatment Center
So if classroom attention spans have been shrinking as of late, there’s a good reason. According to a survey published earlier this month by the National Community Pharmacists Association, 64% of pharmacists have had trouble getting enough Adderall this year to fill prescriptions.
💊 A deeper dive… Prescriptions for Adderall, a stimulant used to treat ADHD, are increasing fast (by 9.4% last year, per medical-data firm IQVIA). But manufacturers are unable to produce enough to meet demand.
🤔 So why doesn’t it just approve an increase?... The answer is complicated. Telehealth medicine has exploded in recent years, allowing for increased access to a wide variety of drugs, from those treating men’s performance issues, to hair loss, to ADHD. This has led to massive investments and valuations for telehealth startups, which then manifests into a marketing explosion.
We’re seeing this rn from companies like Done and the SoftBank-backed Cerebral, both of whom have spent big money on TikTok campaigns – in fact, after the latter added ADHD treatment to its suite of products in early 2021, sales reportedly increased tenfold.
But there appears to be some, ehrm, shadiness happening on the marketing and prescribing front.
📸 The big picture: ~10% of children are being diagnosed with ADHD, per CDC estimates. And over the past two years, adderall prescriptions for Adderall and its generic equivalents have increased by ~25% for those ages 22-44.
🏦💳 FedNow, the Federal Reserve’s new platform that would enable nearly instant payment settlement within the US, is set to launch between May and July of next year, Vice-Chair Lael Brainard announced on Monday.
🔋🏘 Tesla recently announced that it’s completed Japan’s largest commercial household virtual power plant. Or more specifically, the company has installed its Powerwall batteries in over 300 homes on the island Miyako-jima – and they can be used to help power the country’s grid.
💳 Roughly two-thirds of anyone who’s bought a product they saw on social media say they later regretted their purchase. So, why do we still do it? The answer lies in a business concept known as “friction”.
Let's make our relationship official, no 💍 or elaborate proposal required. Learn and stay entertained, for free.👇
All of our news is 100% free and you can unsubscribe anytime; the quiz takes ~10 seconds to complete