Wall Street of the third generation chaebol

＜ Pfizer. (1) >

early 20th century.

If we were to pick the countries where international pharmaceutical companies were born, we could choose a few countries. Two of these countries are Switzerland and Germany.

“The fact that these two have achieved a position close to the cradle of the pharmaceutical industry is entirely his achievements stemming from Bismarck’s investment in science and technology.”

“You mean Switzerland?”

“Yes, there were a lot of German scholars living in Switzerland. Switzerland is right below the German Empire and has a high proportion of Germans in the population.”

Dr. Einstein is also of German descent, so he had a history of working in Switzerland.

The Swiss scientific community was closely associated with German ancestry.

“After all, Germans are the leaders in science and technology in the world. There is England, but in terms of technology alone, the German Empire is one step ahead.”

It was not for nothing that the British Empire was holding the German Empire in check. Once the gap in technology is widened, it cannot be filled.

To fill this gap, we need to pour money like a carpet bombardment like modern China… Ah.

‘So it’s a CDO.’

A puzzle was put together.

I found one reason why the British Empire’s new Belfour cabinet is obsessed with the CDO.

“…Anyway. The pharmaceutical industry of the German Empire forms the backbone of each European power and the pharmaceutical industry of the United States. As German immigrants invested in the pharmaceutical industry, the pharmaceutical industry developed rapidly.”

“Pfizer is one of them.”

“According to the data that James investigated. It is.”

Understanding this trend helps us look at the pharmaceutical industry’s lead.

“You can also see how far Bayer, which developed heroin in-house in a similar vein, is currently in a leading position in the pharmaceutical industry.”

The cost of developing one drug in the pharmaceutical industry is astronomical.

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Of course, it is not on a crazy scale like the modern pharmaceutical industry, where it hits trillions or tens of trillions of won, but the cost of clinical trials and research is still astronomical.

In that respect, Pfizer was also an effective pharmaceutical company in the pharmaceutical industry.

“It’s a party hall.”

If parasites occur during this time, take an insect repellent called syntonin. The problem was that this syntonin was dirty and tasteless.

So Charles Pfizer came up with the idea.

‘If I make it so sweet, wouldn’t it be eaten?’

Saying that.

As a result, it was launched by applying a sweet food additive to syntonin, and of course it was a huge success.

“It even sets us apart from other pharmaceutical companies.”

“Yes, sir. Pfizer is from a German pharmaceutical company and Ehat is a baker, so it is one of the leading companies in food additives.”

It was the world’s first dragees.

With this syntonin, Pfizer laid the foundation for the company.

“It’s a baker’s idea. Thinking of selling preservatives during the Civil War. Haha.”

The relationship between bakers and pharmaceutical companies was a strong differentiator in the pharmaceutical industry.

Pfizer took full advantage of that distinction.

“Because of the soft drink boom between North and South Korea, citric acid was extracted from tropical fruits and supplied to soft drink companies.”

Pfizer was a contributor to sweetening soft drinks by adding delicious citric acid to food additives.

“Pfizer… it’s not easy.”

I can’t give up though.

At the beginning of the 20th century, Pfizer was preparing to enter into full-scale expansion.

This was the hole I dug.

“James. Did you say that Pfizer was willing to take the investment?”

“Pfizer is cash-rich right now. It wasn’t in the mood for additional investment.”

“But the barriers to reality must be quite high?”

barriers to reality.

It was the monopoly wall of the German pharmaceutical industry.

When they enter a certain country, they collude with each other to raise the monopoly wall.

A typical victim country was Sweden.

“Yeah, that’s the problem. Besides, they don’t even have their own items. They’re mostly syntonin-based repellents, and they’re just preservatives.”

Unfortunately, they do not have a diversified portfolio either. There are key items.

There is also differentiation.

Bakers and pharmacists have joined forces.

But that’s it.

“The copy would be quick.”

“Yeah, by bypassing the synthesis method, chemists and pharmaceutical companies can put it together. That’s Pfizer’s biggest concern.”

It means Hancheol Jangsa.

The level of slaughter that a large-scale global pharmaceutical dinosaur can slaughter once it jumps in.

“I appealed to that part, and there was some reaction.”

“Haha, James, you’re also tough. You’re from the insurance industry, right? You find the company’s weaknesses amazingly.”

“…..Yes?”

James wrinkled his face oddly.

Detroit sergeant, didn’t you just understand the pharmaceutical industry and talk about its weaknesses before you even spoke?

what. is it deceit

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Oh no.

such a blasphemous thought.

James slapped himself on the cheek to regain consciousness.

“Why?”

“No. It’s been released for a while.”

“Anyway. If you dig into this part, you’ll find a way. Did you get any luck saying you wanted to do mergers and acquisitions?”

“Yes, the reason Pfizer vehemently rejected it in the first place was because of mergers and acquisitions.”

“It’s tricky.”

If I am a company with guaranteed success, I am willing to become an angel investor.

Coca-Cola is flying as my angel investment. Can you drink Coke in Great Britain?

I pulled out all the money I invested in Coca-Cola with this alone.

I was satisfied.

“Well?”

I stopped and stopped.

‘Coca Cola?’

Coca Cola…..

So, isn’t this also a food company with a large number of pharmaceutical companies and chemists?

“Ttt. Still, Coca-Cola can’t do it.”

Although Coca-Cola could also be used in my strategy.

Still, there was a bit of unreasonableness to proceed with this Bayer case with Coca-Cola.

There was no facility investment for the pharmaceutical industry in the first place.

“Pfizer is right, too.”

But the Coca-Cola just devised seemed to be a great spare.

After acquiring Pfizer, it seems that the product lines of the two could be diversified if they signed a technical partnership.

“It’s a combination of soft drinks (Pfizer) and carbonated drinks (Coca-Cola). Worst?”

The puzzles began to fit together tightly.

Also.

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Only Pfizer wants to take over.

“James.”

“Yes, Master.”

“Let’s take over Pfizer.”

“Yes!”

He twisted his lips pleasantly.

have a good feeling But I had work to do first.

“Before that. Let’s stop by JP Morgan Bank.”

***

23 Wall Street.

JP Morgan.

Counsel negotiation.

The negotiator was walking on thin ice.

Bayer’s attorneys.

JP Morgan’s attorneys.

These two groups were growling as if they were devouring each other.

“In the first trial, Bayer lost.”

Bayer’s lawyers spoke first.

“Even though I submitted 10 times the amount of evidence submitted by JP Morgan.”

The tip of the tongue is sharp.

“Is this the reality of the US judicial system? If so, the future of the US judicial system is bleak. Do you feel very good when you take the first trial to the lobby? Does the US even have a lawyer’s license in dollars?”

sarcastic.

“These days, American lawyers are very comfortable to live in. If you get just one decent Jeonju for a hundred dollars, you can be a judge and a prosecutor and talk like a dog.

Bayer lost in the first trial.

It’s not even a slight difference. I just lost overwhelmingly. The amount of evidence submitted was overwhelmingly by Bayer.

“…..Is that so.”

Blatchford’s attorneys.

Crevass raised his glasses with a smile. There was a bulging tendon on his forehead.

“They say that Bayer has immersed tens of thousands of people and submitted the drug test data as evidence.

million units.

The result of counting heroin victims for a class action lawsuit by JP Morgan. More than 10,000 ordinary people were victims one after another.

JP Morgan was also bewildered because it was pouring out in units of 10,000 only at the hospital.

“Even if each profile were selected, there would be hundreds of thousands of copies. I didn’t do it because there was no need for that. I can’t see Bayer’s evidence as meaningful.”

Patients dying of dehydration suspected of withdrawal symptoms by pouring water from holes throughout the body.

Patients who ripped off the skin with their fingernails feeling the stinging sensations of insects all over their body.

Patients who lost their ego due to hallucinations.

I just wanted to treat my cold symptoms.

‘And… Jack Tracy.’

The president’s son was killed.

But Bayer furrowed his eyebrows.

“America lawyers. You smoke in moderation. What are you so proud of when there is no medical proof that heroin is the cause in the first place? There are so many drugs that patients take in large hospitals, why do you only pick up heroin? What kind of lobbying money does the US use for the trial?”

“Thousands of people are soaked in and those words come out well.”

“So, it doesn’t mean that we don’t know if it’s because of heroin or not!”

bang-!

Bayer hit the tabletop.

“If you want to question Bayer’s medicines, please first submit medical and scientific evidence to prove the causal relationship. Don’t do a backward lobby trial, but just like a civilized person.”

widely.

Bayer threw the report away.

“These are ‘medical’ and ‘scientific’ evidence that our heroin is harmless. Even with this pile of rational grounds, it makes no sense that we lose. It seems like we’re falling behind as well.”

Bayer’s anger continued.

Crevass smiled and clenched his nails so that they could dig into them.

blood was oozing out.

“…don’t you guys feel sorry for the heroin victims?”

“Why are we sorry? It’s not what we did in the first place.”

“Do you have something in common with taking heroin?”

“There must be other commonalities that we haven’t discovered. Evidence seems to be scant to argue that it’s our heroin’s fault, but it’s difficult if you keep pushing into pseudo-science like that.”

Bayer closed his eyes.

And warned.

“Thank you. Bayer has learned how to deal with the US court in this first trial. There is no next time.”

bang-!

Bayer left with a warning.

“under.”

laugh out loud

Crevass wiped his face. He clenched his hands so tightly that they turned white.

bang-!

“Such rubbish…”

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Of course, Crevass has also seen many cases that are not clean while working as a lawyer for large corporations, but this was the first time for a serious case like Bayer’s.

The thing that upsets me the most is that I was right in lobbying when the court was confused.

Crevass wiped his face again.

‘…are we behind the times?’

If you ask me if I regret it.

never can say

“This is something you have to win even by walking through the judicial lobby.”

The circumstantial evidence was too clear.

The withdrawal symptoms, addiction symptoms, and hallucinations experienced by those who took heroin were similar.

The cost of treatment incurred by a common cold patient entering the intensive care unit causes the victim’s family to bend their backs.

There is not even a finished result.

nevertheless.

nevertheless.

Victims’ families are still holding their hands in the hospital’s intensive care unit, earnestly praying with both hands for the recovery of their beloved children.

I was praying for the impossible.

‘How can drugs that should save people kill people? Why is it still being distributed in the market?’

If anyone in your family is taking heroin…

My stomach churns.

“Woo much!”

“Hey, crevasses! Are you okay!”

That sight was so miserable.

Crevass even felt like his conscience, which had been shredded by his New York lawyer career, was being reassembled. What is the crime of ordinary patients who inhaled poison to cure a cold?

These were still in circulation today.

If you go to a pharmacy a few feet away from JP Morgan’s headquarters right away, even the children could easily get them.

‘Does this make sense?’

Even now.

The victims continued to multiply.

But their guilt must be proved by the victims.

What kind of unreasonable reality is this?

“In the end, the victim’s testimonies are just an outward phenomenon, and they must prove their guilt by demanding physiological and medical evidence from ordinary victims, such dog-like children!”

bang-!

Even large pharmaceutical companies can’t do that in a short period of time.

To prove that, the Bayer guys have been doing something for 15 years. With current medical technology, it may take more than 150 years.

Bayer’s side was also aware of this and intended to stumble and fall in court.

“It’s impossible due to time, so I’ll make full use of it and get a verdict in my favor.”

If Bayer has the German Empire on its back and pours all-out lobbying funds into the court, the second trial. I can’t predict what will happen.

Already, recently, the judiciary has been struggling with lobbying funds to establish their authority.

If you go on like this, you may lose.

“shit!!!”

Crevass shrugged his shoulders.

Today, his shoulders were especially dwarfed.

***

“ha ha ha……”

The negotiating table where the lawyers negotiate.

Morgan and I, John Pierpont, were watching every move from the back room next door. We had no choice but to sit still and watch until the lawyers on Bayer’s side left leisurely.

Chairman Morgan’s face was wrinkled without mercy.

“under……”

puddle-

Power entered the hands of Chairman Morgan.

Clink!

“Have you seen these bastards in the world?”

The glass exploded at the anger of Chairman Morgan’s grip.

“You want us to prove something that even you guys can’t do. Can such an absurdity exist?”

“father.”

“How dare you touch a member of the Morgan family and come out shamelessly like me. Do you still want to see his wife holding her hand and praying earnestly for Jack’s recovery, as well as seeing them escape like loachs?”

“father.”

“What are these motherf*ckers!!! Reasonable proof? Reasonable proof!!! Just these f*cking motherf*ckers!!!”

“father!!!”

let me wander

President John Pierpont Morgan paused and looked at me blankly.

President Morgan would be the first to do something like this.

There was news that Morgan’s wife was embarassed by the possibility of Jack’s recovery, which is 1%, 1% disappearing as he collects data from hundreds of thousands of civilian victims.

‘It’s a little difficult going to the lobby.”

The current American lobby is dominated by several forces.

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One is a gun.

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One is finance.

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One is energy (oil, coal).

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One is the railroad.

And… it’s a constraint.

It’s not just about money.

It was a matter of networking in the lobby pool. Besides, there are a lot of German-Americans in America. This cannot be ignored either.

In the first place, it is the most difficult to prove a causal relationship with drugs.

Even in the 21st century, when medicine is advanced, there is a lot of controversy because it is not possible to prove a causal relationship between vaccines, much less the early 20th century. In fact, Bayer’s words are not very absurd, and in the early 20th century, narcotic drugs were running rampant in large hospitals.

So it gets even more difficult.

‘If we move to lobby competition, the mutual advantages of constraints and finance disappear. And the chicken game begins.’

It’s hard to imagine, but if the German Empire, on the side of Bayer’s government, continued to tacitly support Bayer, they could lose in a US court.

This is not bullshit at all, there are quite a number of cases in which American companies have lost in US courts.

Even in a fierce firearms fight with lobbying competition.

As there is a history of German victories in the original history, the concerns of Morgan Chairman John Pierpont are justified.

In addition, domestic corporate protectionism prevailed everywhere.

Companies also throw away laissez-faire in times of crisis.

I want to say …but.

‘They’re dog hair.’

No bluffing.

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Of course, the pharmaceutical lobby is strong.

If a German pharmaceutical company is determined and united to fight, there may be no answer.

By the way….

It also requires cash to survive.

-Chairman, did you say Bayer now, Bayer?

– Great! Really good!

-Investment in the German pharmaceutical industry, which has a huge initial investment, is the most urgent right now!

You say these guys are dogs?

That’s what I heard from the head of the German central bank.

The safety of Jack Tracy is honestly not my concern, but I’m not happy with the situation where Morgan’s status will be undermined.

It must be the first time in his life that even Chairman Morgan can’t control himself.

So would you like some help?

I slowly lifted my index finger.

“There is information that I have picked up somewhere… Would you like to hear it?”

let me smile

A light lit up in Chairman Morgan’s empty eyes.

＜ Pfizer. (1) > end