Squawk Pod

Pfizer impressively wins a bidding war for obesity drug developer Metsera, raising questions about future antitrust issues. FedEx and UPS are grounding their MD-11 cargo planes after a tragic crash at a Kentucky hub, highlighting safety concerns in the aviation industry. Meanwhile, major changes occur at the BBC as its head of news resigns amid controversies over edited Trump footage. Insights into how Visa and Mastercard may soon settle on interchange fees also point to shifts in shopping rewards programs.

Dr. Mehmet Oz, a former heart surgeon and health policy expert, dives into the White House's recent deals to lower GLP-1 obesity drug prices, highlighting the significant savings for Americans. He explains the disparities in drug pricing and the administration’s strategies to align U.S. costs with global standards. Oz also addresses the balance between pharma innovation and affordability. Additionally, Musk biographer Walter Isaacson discusses Tesla’s unprecedented $1 trillion pay package, evaluating Musk's history of exceeding expectations.

Fans of Grand Theft Auto will have to hold their horses as the release of the sixth version is delayed once again. In other news, Airbnb's stocks are soaring after positive guidance, while fintech firm Affirm is riding high, contrasting with Block's ongoing earnings woes. Meanwhile, Ford's electric F-150 faces uncertainty as the company contemplates discontinuing it amidst changing EV incentives. The market is buzzing with activity!

House Speaker Mike Johnson, a key Republican voice from Louisiana, dives into the ongoing government shutdown and the argument for a clean continuing resolution to restore airport services. He discusses the contentious future of the filibuster and national security concerns in AI development, especially in light of rivalries with China. Filmmaker Kathryn Bigelow and writer Noah Oppenheim share insights on their new film, 'A House of Dynamite,' which explores the high-stakes drama of a nuclear crisis, pushing for global discussions on denuclearization.

Chris Buskirk, a tech investor and MAGA donor, shares insights on conservative strategies for America's future, emphasizing the need for innovation over taxation. Eamon Javers, CNBC reporter, dives into a pivotal Supreme Court case concerning presidential tariff powers and its potential financial repercussions for businesses. They discuss the implications of Zohran Mamdani's victory in New York, alongside analysis of how the results affect the political landscape and the wealthy city's tax structure.

AMD surprises with strong earnings and upbeat guidance, while Pinterest feels the heat after a disappointing report. Rivian's unexpected gross profit boosts its shares and confidence in the EV market. Apollo's withdrawal from taking Papa John’s private sends shockwaves through its stock. In politics, Trump renominates Jared Isaacman to lead NASA, rekindling interest after a previous nomination pause. These hot topics highlight shifting market dynamics and ongoing drama in both corporate and political arenas.

Treasury Secretary Scott Bessent discusses the use of the International Emergency Economic Powers Act for tariffs and the current government shutdown's economic repercussions. He outlines emergencies justifying these measures and stresses the need for centrist Democrats to support negotiations. Meanwhile, Palantir CEO Alex Karp reflects on his company's strong earnings, disputes with short sellers, and the importance of AI in adding value without compromising civil liberties, emphasizing the need for inclusivity in AI advancements.

Courtney Gibson, CEO of Retirement Solutions at TIAA and a former executive at Loop Capital, shares her journey from aspiring bilingual pediatrician to finance leader. She reflects on her mission to enhance retirement security for Americans and explores how her startup experiences shape her leadership style. Gibson discusses infusing innovation into TIAA, tackling bureaucracy, and empowering teams to address retirement savings inequities. Her insights reveal the importance of relationship-building and creating a culture of trust.

Join Sean Duffy, the U.S. Secretary of Transportation, as he reveals the ongoing fallout from the government shutdown affecting air travel and staffing shortages among air traffic controllers. He discusses the tough choices ahead for federal workers facing pay delays. Tim Wu, a Columbia Law Professor and former competition advisor, shares his insights on big tech's concentrated power and the urgent need for policies that foster competition, especially in AI, to combat China's tech dominance.

Berkshire Hathaway sees a remarkable 34% increase in third-quarter earnings. President Trump pushes for U.S. exclusivity on Nvidia’s advanced semiconductor chips. SNAP food benefits may restart amid government shutdown. OPEC+ announces a slight rise in crude oil production. Canadian Prime Minister Mark Carney issues an apology regarding a controversial political ad featuring Ronald Reagan.