This podcast discusses Nvidia's blowout earnings and the potential impact of AI. It covers Splunk's stock rally after their earnings report. It also touches on the ongoing presence of COVID-19 and the development of a new Lyme vaccine. Finally, it explores the use of AI in the retail industry to tackle shrinkage.
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Quick takeaways
A new Lyme disease vaccine from Pfizer and Valneva is expected to be available in 2026, potentially addressing the increasing prevalence of Lyme disease and public fear of tick bites.
Vaccine hesitancy and concerns about side effects may affect the reception of a new Lyme disease vaccine, despite the potential market demand.
Investors are closely monitoring the Jackson Hole symposium for insights on the Federal Reserve's monetary policy decisions, which may impact the market depending on a hawkish or dovish tone.
Deep dives
The history of the Lyme disease vaccine
The first Lyme disease vaccine for humans, Lymorex, was approved in 1998, but it failed to gain traction and was eventually pulled from the market due to vaccine skepticism at the time.
New vaccines in development
Phase three trials are underway for a new Lyme disease vaccine from Pfizer and Valneva, which is expected to be available in 2026. Moderna also has an mRNA-based vaccine in development.
The potential market for a Lyme disease vaccine
Given the increasing prevalence of Lyme disease and the public's awareness and fear of tick bites, there is potential for a large market for a new vaccine. However, vaccine hesitancy and concerns about side effects may affect the receptivity to a new vaccine.
Focus on earnings outlook
While the Federal Reserve's actions and monetary policy are important, the focus is shifting to the earnings outlook. Expectations are for a recovery in the second half of the year, but valuations are already high, so the impact may be limited.
Market reaction to Jackson Hole symposium
Investors are closely watching the Jackson Hole symposium for any hints on the Federal Reserve's future monetary policy decisions. The reaction in the market may depend on whether the Fed takes a more hawkish or dovish tone.
Bloomberg News US Semiconductor & Networking Reporter Ian King and Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani recap Nvidia news after the chipmaker gave a revenue forecast that was much stronger than expected on Wednesday. Splunk CEO Gary Steele talks about his company's earnings and unveiling new innovations. Dr. Andy Pekosz, Professor of Molecular Microbiology and Immunology at the Johns Hopkins University Bloomberg School of Public Health, discusses seeing a summer resurgence in Covid cases. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Kristen Brown provide the details of Kristen's Businessweek Magazine cover story The Last Lyme Shot Failed. Will a New One From Pfizer Succeed? And we Drive to the Close with Nadia Lovell, Senior US Equity Strategist at UBS Global Wealth Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.