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tv   The David Rubenstein Show Peer to Peer Conversations  Bloomberg  September 6, 2017 9:00pm-9:31pm EDT

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♪ what was the human genome project? dr. collins: the entire instruction book for an organism. discovers it harder to the human genome or be appointed by two presidents? how long do think people can keep increasing their longevity? what is the single greatest health challenge the united states faces today? dr. collins: more people died of opioid overdoses than car wrecks last year. it is just unbelievable. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪
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david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? dr. collins thank you for taking time with us today. you are the 16th rector of the nih, the only person appointed by two different presidents, obama and subsequently trump. as a person who co-discovered the human genome, was it harder to discover the human genome or be appointed by two presidents? h hadollins: t both had challenges. i knew the history of nih
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directors appointed by the president, virtually always turned over when there is a new president. somehow they made a mistake and kept me on. sayd: did president trump he knew you did a great job? dr. collins: i got a call that we want you to come to new york and meet with trump at trump tower before the end are duration so he can talk to you and get a sense of whether you are somebody might want to keep on, so i went in. david: so you went to trump tower? i suspect you are not a big shopper and trump tower stores before? dr. collins: you are quite right. i wrote the bus from washington to new york for my interview. i suspect i may be the only person who wrote the bus to a trump interview. david: i'm sure that is true. how was the interview? dr. collins: i had less than half an hour with the president-elect for him to ask me some questions. i wasn't sure how it had gone. i showed up and did the best i
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could to answer those questions and waited to see what would happen. david: the country is relieved, i think, you have the job. you were raised on a farm? dr. collins: i was. david: you were homeschooled. dr. collins: not because my parents were religious, but they thought the county schools where i grew up were not up to my parents standards. my mother was incredibly gifted as a teacher and she figured out early on how to get the process of learning to be something wonderfully exciting, and that is the gift she gave me and my brothers, this excitement about learning new things, which i carry with me to this day. david: you went to school? was tired of mom teaching these four boys and inured, ok, public schools of stanton are maybe up
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to a better standard, so i started going to public schools. david: you were musician, how did you come to that? dr. collins: of stanton are my d as a classical violinist. , they my mom met at yale went and worked for eleanor roosevelt. they were trying to help call miners get back on their feet. my dad fell in love with the traditional music the call miners would play, particularly the fiddle. we did not have a television. what did you do after dinner? my dad would read charles dickens out loud or we would play. david: did famous musicians come to your house? dr. collins: people would drop by. the best-known was a sullen ,8-year-old who showed up brought along by a more senior, experienced folk songwriter and singer. the young 18-year-old turned out was having his birthday in our living room. he sang a few songs and had a terrible voice and no social
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skills and i was quite sure he had no future at all. that turned out to be bob dylan. david: did you ever meet him again? dr. collins: i did. david: did he remember you? dr. collins: he denies the whole thing. david: you went to the college of university of virginia where you were an academic superstar. bit of ans: i was a nerd. i got excited about science in high school. i should give testimony to the importance of having good teachers. what got me interested from signs did not come to my family. it was that court i had in 10th grade at lehigh school. david: you went to yield to get a phd in what? dr. collins: chemical physics. david: what is chemical physics? dr. collins: quantum mechanics, physical signs. turns arer proud. you have a phd from yield, and now you're ready to get a job,
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right? dr. collins: you would think so, wouldn't you? david: what happened? dr. collins: i was a graduate student working late at night and there was a guy a floor above me working in the lab on dna. the more i read about it and talk to him about it and read articles about it, the more excise i got. this is an area of signs ready to burst forward with all kinds of attention. i was feeling lonely and like what i was pursuing in terms of quantum mechanics and differential equations that nobody could solve. maybe that was not going to be my way of making the world a much better place and maybe there was something else i could do. david: you got her medical degree? dr. collins: i was trying to figure out how i put this all together, my appreciation and love for digital information and mathematics with this -- where does it all come together? genetics. dna is digital information. it is something you can compute on.
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it is also fundamental to life in medicine, so by the time i was halfway through my first year as a medical student, i knew i wanted to be a geneticist. david: let me talk about something you did that brought you to national fame and attention, the human genome project. do we care and why about you having co-discovered it? dr. collins: the genome is the entire construction book written in the language of dna for an organism, so we humans have a genome, and so do other living organisms. ours is pretty big. if you think of dna as a language, it is an interesting one which is forming letters in the alphabet. they are abbreviations for chemical bases. our genomes are 6 billion of those letters. 3 billion from mom and 3 billion from dad. that is a lot. it is amazing to contemplate that information and seems to be
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sufficient to build a human being from a single cell. when the genome project was started in 1990, we had little snippets here and there of dna information come up but the whole thing loomed in front of us like an impossible task because of technology was nowhere near up to the ability to read that number of letters in any kind of measurable -- david: white is a person watching this better off because we have mapped the human genome? dr. collins: there are many questions about that. the whole thing got finished in 2003. there were some silly comments about medicine being transformed in the next two weeks because of this. of course not. 6 billion letters where you don't know the language, it will take a while to figure it out. happened now has been transformative in medicine and particularly in cancer. you develop that terrible disease, you want to know exactly what misspellings
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have happened in the genome of those cancer cells that are causing those good cells to go bad, and that is a transforming capability that is affordable because of the genome project and has changed everything in the way we approach the diagnosis and treatment of cancer. david: today, anybody can have their human genome map for $1000. dr. collins: a little bit less. david: have you had yours? dr. collins: i had a sampling of it a few years ago. i was writing a book about personalized medicine and wanted to use myself as a guinea pig. i learned some things in the process of doing that about my own future risks that i found useful. my thing i learned is that risk of diabetes was substantially higher than the average person based on my genetic inheritance, and that was a shock because that is not something that runs in my family , but my family are athletic people, so maybe they managed to avoid it.
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that was a point when i was not athletic. i was indulging into mini muffins and honey buns and not wasoing exercise, and that enough to motivate me to change all of that and lose 35 pounds and get an exercise program. iam a different program than would have been if i'd stayed on that path. david: muffins and honey buns are not healthy for you? dr. collins: they are not healthy for anybody, i'm afraid. david: how much longer can people keep increasing the longevity? dr. collins: if you look around 1900, the average lifespan in the united states was late 40's, so we have dramatically expanded that. it is not clear that if we don't tinker with biology that we will get much beyond that point because there does seem to be a program here of limited lifespan, and frankly evolution cares about that. you have to get one generation out of the way so the next one has its chance. ♪
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♪ dr. collins, in addition to being the director of the nih , you maintain your own lab at the nih in genetic research. dr. collins: particularly focused on diabetes and aging. david: what am i looking at? dr. collins: this machine analyzes dna, and particularly looks at places where there are differences in your dna and mine , because that is interesting stuff if you're trying to understand risks for diabetes. you see that flashing light? in it from a dna person, and the flash is a laser ,hat a sickly blasts the dna
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and then it travels them along to in this mass spectrometer and it is measured by its electrical wave which content you what was the actual dna sequence. twod: give me one or examples of where you funded it to it became a very helpful the health of individuals. dr. collins: sure. there is a long list of examples. let's take what has happened with heart disease. death rates from heart attack are down by 70%. why is that? part of that is the framingham study in massachusetts which taught us what the risk factors were that you could interfere with. we did not know how important hypertension was and how important it was to treat it. part of this is drugs come statins, the most commonly prescribed drugs these days. we know about statins because of basic science research done 30 nobel laureates brown and goldstein figuring out there was a critical pathway the
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that controls cholesterol. david: when humans emerged from caves, homo sapiens, the average life expectancy was 20. today in the developed world come in the united states, maybe around 80, so we have increased our life expectancy by four times. how much longer can people keep increasing their longevity? dr. collins: so much of that happened in the last hundred years. around 1900, average lifespan in the united states was late 40's, so we have dramatically extended that. is human life extendable beyond 100? it is not clear that if we don't tinker with biology that we will get much beyond that point because there does seem to be a program here of limited lifespan, and evolution cares about that because you have to get one generation out of the way so the next one has its
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chance, but we are getting smarter about understanding the molecular steps and aging, and maybe we might figure out how to achieve that kind of extension by tinkering a bit with biology. david: on heart disease, do think it is possible to eliminate all heart problems completely by diet, exercise, and statins? >> heart disease has a strong genetic component. if you are somebody in the family that has heart disease, that could apply to you. cholesterol is a big risk factor. is above 200urant come maybe even below that, reducing it reduces the likelihood of a heart attack, and so it is worth doing, so more and more people are getting this recommendation about statins. it is particularly important for somebody who has had a heart attack to get on a staten and manage their cholesterol tightly. that is one of the reasons why people are living longer. the single is
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greatest health challenge the united states faces today? dr. collins: right now it is the opioid crisis. the white house several times and have a strong effort underway to work with the private sector to develop and implement quickly nonaddictive painkillers, because opioids are pretty effective for treating pain. we need something else that's not going to kill people. we can speed that up with help from the fda. if you look at what the current health crisis around us, that is number one. more people died of opioid overdoses than car wrecks last year. just unbelievable the way this has come so quickly. david: five years or 50 years from today, what with this machine look like and what will we know that we don't know today? years from: five today, these machines will not be used much anymore because they will be so cheap to sink once the entire genome for $100 that you would not bother to get subsets of the information.
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it will be cheap and accurate. the information five years from now, more and more people will have this done, their genome will be in their medical record. when they seat a drug for some particular condition, the doctor will look at their dna and say is this the right dose for this person? is it the right drug for this person? the whole idea of correlating drug response with genetics is right for exploration. 50 years from now, i suspect most babies will have their genome sequenced at the time of birth and that will be a way in which you can be planned how to make sure they get the best possible nutrition and medical care that they need, and we will have use the information to prevent an awful lot of diseases. alzheimer's disease will be something you read about in a history book, and cancer will be a rarity. that is not out of the question. david: there has been a discussion about designer babies. is that a dangerous thing or not?
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dr. collins: with the ability to do gene editing, people are talking about this. i am an easy about the idea that we are smart enough to manipulate our future children in this way. most of the things that people talk about wanting to manipulate like intelligence or athletic ability are controlled by hundreds of different genes. of it isot environment, child rearing. i often imagine this yuppie couple who want to have a designer baby, so they dial in all the things they think will musician,kid a museum i quarterback on the football team, and they forget to do the child rearing, so they end up with a sullen 16-year-old is smoking pot in his bedroom and never comes out, because you have to do that part to. david: how have you transform yourself from an atheist or agnostic to the christian? dr. collins: i'm supposed to make important decisions about
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questions based on evidence, and i never considered there might be evidence supporting the idea that there really is a god. there is a compelling, intellectual, rational basis for faith, which i had totally messed and assumed it did not exist. ♪
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a motorcycleso are enthusiast. dr. collins: i am. david: is that safe? dr. collins: no, it is not. david: how do you justify that? dr. collins: yes, that has been a question asked regularly. my mom started this. motorcycle rider in college because it was a cheap way to get around. i stopped riding motorcycles when my kids were little because i did recognize the safety issues. david: you don't do it anymore? dr. collins: i do. i ride my motorcycle to work many days. it is a harley davidson king classic. it is a beast, and it gives you a certain sense of enjoyment of life that is hard to come by other ways. david: when you were younger, if not an atheist, then agnostic. yourselfou transform
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from being an atheist or agnostic to somebody who is a committed christian? dr. collins: it seems like a nonstory. growing up on the farm, my parents were not opposed to religion. they did not think it was relevant. i got to college, those conversations in the dorm about what did people believe. i did not think i believed in any of it. i was agnostic. by the time i got graduate school, i was shifting to be an atheist and i was not too comfortable keeping quite as somebody was talking about the supernatural. it is all about nature and how you study it and describe it. medical school, and that third year of medical school where you are thrust out on to the wards and are sitting bedside with wonderful people whose lives are under threat and many who will not survive, you realize your own thinking about life and death has been pretty unsophisticated compared to the reality of what these people are facing. i was a scientist and was supposed to make decisions
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about important questions based on evidence and i never considered there would be evidence supporting the idea there really is a god. i just assume the answer was no. that was a bit unsettling, but it seemed like something -- so i began asking those people i knew who were believers, how can you do this without checking your brain at the church door? isn't this just a perfect example of your rationality --? they told me, no, there is a rational basis for faith. you might start by reading cs lewis. picking up some of the things he had written, particularly mere clearianity, made it there is a compelling, intellectual, rational basis for faith which i had totally missed and assume did not exist. it took me a couple of years of fighting against that, trying to prove this was all wrong and
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that i could stick with my agnosticism, but ultimately i realized i couldn't and that it was so compelling. i had to figure out which of the ways of understanding god is going to be the one that i can make the most sense out of. after many considerations of fear his faith traditions, ultimately the person of jesus appealed to me in a remarkable way as a historical figure, not a myth, who had answers to questions i needed answers for, and whose life, death, and resurrection seem to be remarkably well documented. david: your view would the what is in the bible is allegorical, not to be taken as absolute fact. in other words, the bible would is a couplee earth of thousand years old, scientist would say it's much older, so how you reconcile those two strands of thought? dr. collins: a lot of people are tripped up by what they interpret as a conflict to
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between a literal interpretation of genesis and what science teaches us very convincingly about the age of the universe come over was 14 billion years, and the age of the earth, almost 5 billion years, but that idea there is a conflict is a recent rival on the scene. go back and read saint augustine in 400 a.d. he was obsessed with what genesis is trying to tell us. he would have been the first to it is unjustified based on the original language and the way in which the audience for the original genesis stories would have interpreted it. somehow we particularly in the united states over the course of the last 150 years have taken something that was clearly written in the way that had a lot of ambiguity and insisted it had just one interpretation, so i wrote a book about a lot of this perceived conflict. for me, there never has been what i know as a scientist,
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where if you're going to asked me a question about nature, waynce is going to be the to get the answer, but also somebody interesting question science can't answer, like is there a god and why am i here. david: what recommendation would you make to give people about what they should do with their careers, and have you ever thought about you could've gone into the private sector and made a great deal of money? dr. collins: it comes down to what do we hope to do in that brief time we are on the planet. what are we going to ssl contribution by? right now i would save medical research is very much near the top of the list. because it is such an exciting time. we are making progress that andd have been a manageable a few days ago. feeling you made a contribution to help people suffering, this is the great way to do it. and money alone is probably not
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going to give you that same satisfaction. ♪
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♪ there we go, just 9:20 9 a.m. right here in hong kong as we count you down to the start of the trading day. looking at what happened in the helping toains engender a lift up and equity markets and this part of the world. part of that down to debate about the debt ceiling, now according to people the can has been kicked down the road. stanley fischer surprisingly handing in his resignation. ecb and mario draghi making a speech, monitoring headlines he thet be making with
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tapering program, when it may likely begin there as well. reserves out of china anytime this morning or this afternoon, the looking to see whether the country's capital controls are having a net-net impact on that figure as well. retail sales numbers coming out of australia, joined by some of the trade numbers there. we can get over to, well, paul allen, who is in sydney. let's start with trade. big miss. the trade numbers for july at $460 million surplus should we were expecting a $1 billion surplus, so a substantial miss their and a big decline on the figures we saw for june as well. 800 $56 million surplus, and the aussie dollar sinking that news.on imports for the month falling


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