Abbott to Purchase St. Jude Medical in $25 Billion Deal

The video discusses the ongoing consolidation in industries like healthcare, driven by available cash and receptive debt markets. It highlights the completion of globalization and the shift from growth to consolidation. The discussion also covers high market valuations, fueled by cheap money and Federal Reserve policies, and the challenges of achieving profit growth through cost-cutting in a slow-growth environment.

What factors have contributed to the slow growth and lack of pricing power in the economy?

In what ways have companies been trying to increase profits in a slow growth environment?