Bloomberg Intelligence Tesla Slides on Concern Musk’s New Party Will Worsen Slump
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Jul 7, 2025 Elon Musk's new political party raises eyebrows as Tesla shares take a hit, prompting discussions on his influence and Tesla's governance challenges. The podcast dives into CoreWeave’s strategic acquisition of Core Scientific, aimed at bolstering its AI infrastructure amidst competitive pressures. It also features insights on TikTok, from its evolving app landscape to potential sales influenced by geopolitical dynamics and user concerns over data security. The broader tech industry's leasing strategies and implications for financial services round out the conversation.
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Risks of Musk's Political Move
- Elon Musk's formation of a new political party, the "America Party," worries investors due to potential distraction and alienation from both political parties.
- This political move risks further damaging Tesla's brand and investors' confidence amid an ongoing sales slump.
Tax Bill Boosts Orphan Drug Benefits
- The recent tax bill changes orphan drug rules allowing drugs like Keytruda an extra year before Medicare price negotiations.
- This extension is a significant financial benefit to pharma, delaying price renegotiations on major cancer drugs.
Pharma Faces Tariff and Pricing Risks
- Pharma industry faces uncertainty from potential tariffs and 'most favored nation' pricing policies that could lower U.S. drug prices.
- These developments worry investors despite positive changes in orphan drug rules.