Squawk on the Street Railroad Mega-Merger, Boeing CEO Exclusive, CEO Changes at Novo Nordisk and P&G 7/29/25
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Jul 29, 2025 
Kelly Ortberg, CEO of Boeing, shares insights on the company’s recent financial turnaround, highlighting a quarter with reduced losses and positive production updates. The episode discusses the ambitious $72 billion merger between Union Pacific and Norfolk Southern and its implications for the railroad industry. It also covers challenges faced by Novo Nordisk in a competitive pharmaceutical market and examines broader market trends, including Boeing's position in defense spending amid evolving corporate strategies.
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Transcontinental Rail Merger Insight
- The Union Pacific and Norfolk Southern merger will create a transcontinental freight rail operator.
- The deal aims to improve supply chain efficiencies and re-industrialize U.S. freight transport.
Boeing's Path to Cash Flow Positivity
- Boeing aims to reach cash flow positive by Q4 2025 despite a DOJ settlement payment in Q3.
- They are working closely with the FAA to increase production rates safely and steadily.
Boeing's Cultural Turnaround
- Boeing faces culture and manufacturing challenges but sees positive signs of a turnaround.
- The company is focused on safety, efficiency, and regaining customer confidence.