CNBC's "Fast Money" Apple Sinks on New Tariff Threats, and Should Novo Do a Deal? 5/23/25
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May 23, 2025 Apple's stock faces turbulence as tariff threats loom, creating uncertainty for investors and manufacturing strategies. The team discusses the fallout from potential 25% tariffs on iPhones and the company's pivot to India. Meanwhile, Novo Nordisk's shares plummet, sparking debate over possible mergers to reverse the decline. The podcast also dives into market reactions to trade tensions, strategic moves in options trading, and the nuclear energy sector's revival amid executive orders. Insights into biotech dynamics further highlight competitive challenges and growth strategies.
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Apple Tariffs Are Political Posturing
- Apple's 25% tariff threat is likely an arbitrary political stance rather than a feasible manufacturing shift.
- Manufacturing a significant portion of iPhones in the U.S. would dramatically increase costs and price to about $3,500 per device.
US iPhone Production Impractical
- Moving iPhone production back to the U.S. realistically takes 4-5 years and tens of billions in investment.
- The complexity and IP of the semiconductor supply chain make onshore manufacturing practically unfeasible.
US Nuclear Energy Revival Efforts
- New executive orders aim to revive America's nuclear energy by speeding reactor testing and boosting uranium mining.
- Despite regulatory hurdles, cost and supply chain issues are bigger challenges for domestic uranium mining.