Andrew Ross Sorkin, Megan Cassella, and Alex Thompson discuss Biden's campaign post-debate, Supreme Court overturning 'Chevron,' and summer box office hits. Dr. Scott Gottlieb outlines FDA challenges. Politics in France and Apple's AI plans are also covered.
President Biden's campaign adapts post-debate challenges, navigating internal party dynamics.
Supreme Court's Chevron ruling reshapes federal agency authority, demanding clearer congressional directives for regulatory expansions.
French National Rally Party's victory influences Macron's leadership stability, posing questions on power dynamics and global implications.
Deep dives
Electricity's Impact on Innovation
Electricity has been a driving force behind innovation, from powering the light bulb to transforming our everyday lives. The launch of the Spyder S&P 500 ETF by State Street 30 years ago revolutionized investing practices, encouraging a different approach. Investors are advised to explore Spy's potential while considering funds, objectives, risks, charges, and expenses before investing, as it carries risks similar to stocks.
Democratic Party Dynamics
Axios correspondent Alex Thompson sheds light on President Biden's standing within the Democratic Party, post a challenging debate. Despite internal pressures, including discussions about his possible exit from the race, Biden, as the primary winner, holds the decision-making power regarding his candidacy. Fundraising efforts, party dynamics, and a Supreme Court ruling potentially limiting federal agency authority are also key discussion points.
French Parliamentary Elections
Recent developments in French stock markets following the victory of the far-right National Rally Party in the parliamentary elections are stirring political expectations. The election results indicate a potential power shift that could impact President Macron's term and the country's political landscape. The outcome raises questions about power-sharing, leadership stability, and the implications for France on the global stage, especially amidst upcoming events like the Olympics.
Overturning the Chevron Doctrine
The Supreme Court's decision to overturn the Chevron Doctrine has significant implications for federal agency authority, particularly affecting areas where regulations extended beyond expressly defined boundaries. Former FDA commissioner Dr. Scott Gottlieb explains how this ruling may challenge agency jurisdiction, necessitating clearer directives from Congress for regulatory expansions, especially in areas like laboratory-developed tests and grant exclusivity determinations.
Week's Political Highlights and Movie Box Office Success
The week's political landscape unveils intricate dynamics within the Democratic Party post-debate fallout and fundraising activities. Analysts and insiders navigate uncertainties surrounding President Biden's candidacy while exploring potential alternate nominee scenarios. Moreover, the podcast highlights noteworthy box office successes like Disney's 'Inside Out 2' and Paramount's 'A Quiet Place' prequel, offering political insights alongside entertainment news for a diverse podcast experience.
In the wake of the first Presidential debate, President Biden’s campaign is fundraising and rallying support despite a disappointing performance. Andrew Ross Sorkin, CNBC’s Megan Cassella, and Axios correspondent Alex Thompson share their respective reporting from different sources across the Democratic party. The Supreme Court has overturned a 1984 decision called ‘Chevron,’ which set a precedent for lower courts to defer to federal agencies when interpreting ambiguities in laws passed by Congress. Former FDA Commissioner Dr. Scott Gottlieb explains what work the FDA has done under Chevron, and he outlines the challenges that lie ahead, after the new ruling. Plus, the summer box office is ‘Inside Out’ and heating up, and so are politics in France.
