CNBC, by Berkeley Lovelace Jr. — September 17, 2019
Excerpt:
- Stephen Schwarzman says he’s hearing that Chinese officials are working quickly to shut down outbound shipments of illicit fentanyl and fentanyl-related substances.
- “There’s a huge reorganization going on in China regarding fentanyl to try to shut it down,” the billionaire co-founder of Blackstone says.
Blackstone co-founder Stephen Schwarzman on Tuesday said he’s hearing that Chinese officials are working quickly to shut down outbound shipments of illicit fentanyl and fentanyl-related substances.
“There’s a huge reorganization going on in China regarding fentanyl to try to shut it down,” said Schwarzman, who said he had conversations with authorities, whom he did not identify, during a trip to China three weeks ago. “And if what they said is true, you will see this really going down quickly,” he told CNBC’s “Squawk Box.”
Fentanyl is a synthetic opioid 50 times more potent than heroin that has played a role in fueling the U.S. opioid crisis. The Department of Homeland Security was considering labeling fentanyl as a weapon of mass destruction earlier this year.
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View the complete article including image and links at:
Ending America’s Opioid Crisis
Since President Donald J. Trump issued a nationwide call to action, the results offer hope that we can solve the worst drug crisis in U.S. history.
https://www.whitehouse.gov/opioids/
Blackstone’s Schwarzman: China’s economic ‘miracle’ came at the expense of the US and the West
https://www.cnbc.com/2019/09/17/blackstone-ceo-stephen-schwarzman-china-economic-miracle-hurt-us-economy.html