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Squawk on the Street

Cooler Inflation, TikTok and Musk, Cramer Interviews Eli Lilly's CEO 1/14/25

Jan 14, 2025
David Ricks, CEO of Eli Lilly and Company, shares insights on the promising landscape for the company’s weight loss drugs. He discusses healthcare payment complexities and the shift in perception of obesity as a disease. The conversation also touches on the repercussions of inflation data on the market and Elon Musk's potential acquisition of TikTok, exploring the tech landscape's evolution. Amidst regulatory challenges, Ricks highlights the innovative strategies driving pharmaceutical growth, making for an engaging and informative discussion.
45:43

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Recent wholesale inflation data suggests a potential easing of economic pressures, though the bond market remains cautious about future impacts.
  • Discussions around TikTok's potential sale to Elon Musk highlight complex geopolitical factors that may hinder ownership changes in the U.S.

Deep dives

Insights on Market Trends and Economic Indicators

Current market trends indicate a relief for bulls as futures gain momentum, particularly following recent unchanged wholesale prices. Core inflation metrics show stability, with food and medical costs remaining relatively flat, which could suggest an easing of economic pressures. Despite these positive signs, the bond market remains hesitant to respond favorably, reflecting concerns over potential inflationary impacts from future policies. The interplay between changing interest rates and inflation expectations illustrates a cautious market mood as analysts weigh economic recovery against geopolitical uncertainties.

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