Bloomberg Businessweek

NYC Congestion Pricing, Stem Cell Therapy

10 snips
Jan 6, 2025
Dr. Silviu Itescu, CEO of Mesoblast, shares insights into the breakthrough FDA approval of their stem cell therapy targeted for pediatric graft versus host disease. He delves into the therapy's promising market potential and its unique anti-inflammatory responses. The conversation also touches on the complexities surrounding commercialization, including ethical and regulatory challenges. Alongside this, urban traffic solutions, like NYC's congestion pricing, are examined for their transformative impacts on public transit and urban sustainability.
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INSIGHT

21st Century City Challenges

  • NYC traffic hinders essential services and its global city status.
  • Congestion pricing seeks to improve reliability and raise transit funds.
ADVICE

Visible Improvements

  • Implement visible improvements from congestion pricing quickly.
  • Create bus lanes, pedestrian spaces, and emergency vehicle lanes before drivers adapt.
INSIGHT

Deliverism and Tolls

  • People support policies when they see tangible benefits (deliverism).
  • Tolls fund mass transit improvements, but these take time.
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