Regeneron vs. Omicron; The Fed’s New Plan; The Boss’ Half-a-Billion

Regeneron Pharmaceuticals is developing new antibodies that work against the omicron variant of Covid-19, after the company confirmed that its current cocktail has diminished potency against the heavily mutated strain. CEO Leonard Schleifer says Regeneron plans to conduct trials on the new antibodies in the first quarter of 2022. The Federal Reserve’s move to accelerate its taper but not yet move the needle on interest rates has left market analysts in disagreement over whether it was the right call and how it could impact stocks. CNBC’s Steve Liesman breaks down how the markets are reacting to the Federal Reserve’s policy pivot on Wednesday. Plus, Bruce Springsteen has reportedly sold his music rights to Sony Music Entertainment in what could be the biggest deal ever struck for a single artist’s work.

In this episode:
Leonard Schleifer, @Regeneron
Meg Tirrell, @megtirrell

Steve Liesman, @steveliesman
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Klaire Odumody, @klairemarie

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