Weight Loss Drugs Go DTC & the Santa Claus Rally Stumbles 01/04/24
Squawk Pod4 Jan 2024

Weight Loss Drugs Go DTC & the Santa Claus Rally Stumbles 01/04/24

Eli Lilly will now sell weight loss drugs directly to consumers. In a big move, the drugmaker has announced LillyDirect, a platform that uses telehealth to improve consumer access to weight loss drugs like Lilly’s Mounjaro and its recently approved Zepbound. CNBC’s Bertha Coombs explains the impact LillyDirect will have on health care and on pharmacy benefit providers like those of CVS, UnitedHealth, and Cigna. Primary care physician Dr. Kavita Patel underscores the health care access problem that millions of Americans face, and whether Eli Lilly’s effort could alleviate some of those pressures. Plus, CNBC’s Jon Fortt sees Apple’s 2024 going two very different directions after 2023’s stock strength and sales weakness. Microsoft keyboards are ready for their biggest change in almost 30 years, and the market’s Santa Claus rally is officially behind us–maybe.

Bertha Coombs - 14:05

Dr. Kavita Patel - 24:11

Jon Fortt - 31:22

In this episode:

Dr. Kavita Patel, @kavitapmd

Bertha Coombs, @berthacoombs

Jon Fortt, @jonfortt

Becky Quick, @BeckyQuick

Michael Santoli, @michaelsantoli

Steve Liesman, @steveliesman

Katie Kramer, @Kramer_Katie


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Virus Vaccine is One Step Closer

Virus Vaccine is One Step Closer

“This is a bit of a moonshot for J&J.” Chairman and CEO of Johnson & Johnson Alex Gorsky discusses its experimental vaccine for COVID-19 that will begin clinical trials by September, and could be available for emergency use authorization in early 2021. Former FDA Commissioner Dr. Scott Gottlieb says deaths in the U-S related to the virus would likely peak toward the end of April and suggests that life might start returning to normal after the middle of May. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

30 Mars 202017min

Dr. Atul Gawande: We need a national shelter-in-place

Dr. Atul Gawande: We need a national shelter-in-place

Surgeon, author, and CEO of Haven, the joint health care venture between JPMorgan, Amazon, and Berkshire Hathaway, Dr. Atul Gawande shares what U.S. systems need while under pandemic-induced duress. Plus, some Friday news (and booze) you can use: Katie Kramer gets tips for virtual happy hours from Food and Wine Executive Wine Editor Ray Isle. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

27 Mars 202014min

Paul Tudor Jones: We’re going to kick this bug’s ass

Paul Tudor Jones: We’re going to kick this bug’s ass

"America can beat this thing. Humanity can beat this thing.” Hedge fund titan and philanthropist Paul Tudor Jones says investors can take heart in the United States’ fiscal “nuclear bomb.” Jones was the first money manager to raise concerns about the coronavirus back in January; in a colorful, emotional interview today, he weighs in on the pandemic’s shock to the U.S. economy and the American workforce.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

26 Mars 202028min

Ben Bernanke: This is closer to a snowstorm than the Depression

Ben Bernanke: This is closer to a snowstorm than the Depression

“It is important before we put everybody back to work that we feel like we have the public health situation under control.” Former Federal Reserve Chairman Ben Bernanke led the Fed during the 2008 financial crisis and the subsequent recession; now he’s weighing in on the Fed’s playbook to prevent another American recession in 2020. As a student of the Great Depression, he views today’s economic distress as much closer to a natural disaster than the economic downturn of the 1930s. Current President of the St. Louis Federal Reserve James Bullard calls for historical perspective as well, telling the public, “Don’t get discouraged, because this isn’t at all comparable to past events in U.S. macroeconomic history.” Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

25 Mars 202028min

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

Boeing CEO on Airline Bailouts; Covid-19 Test Ramp Up

“If there is no government support…we can still find our way to the other side. But if it goes on for 8 months, probably not.” Boeing CEO Dave Calhoun considers the future of his company with and without an industry bailout. Covid-19 test producer LabCorp is rolling out 20,000 tests per day. CEO Adam Schechter urges Americans to continue social distancing while healthcare companies and the government work to curb the pandemic.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

24 Mars 202028min

Hedge Funder: Shut the markets down

Hedge Funder: Shut the markets down

Hedge fund manager Kyle Bass is calling for the U.S. markets to be shut down completely as coronavirus cases continue to grow worldwide. Allianz Chief Economic Advisor Mohamed El-Erian envisions a long, arduous journey to the other side of this market turmoil. One of the biggest landlords in the New York tri-state area, Richard LeFrak, addresses calls for a mortgage and rent “holiday” as workers follow shelter-in-place mandates and miss paychecks.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

23 Mars 202022min

Former FDA Chief: There’s an end to this

Former FDA Chief: There’s an end to this

Dr. Scott Gottlieb considers the next steps in the U.S. response to pandemic, including a nation-wide tech strategy for Covid-19 screenings. The Federal Reserve has employed billions to buoy the American economy, and it still has more work to do, according to former Federal Reserve Governor, Kevin Warsh.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

20 Mars 202028min

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

A Restaurateur in Crisis and Hedge Fund Titan Ray Dalio

“I don’t want people to mass panic, I want people to think.” Ray Dalio, founder of Bridgewater, the largest hedge fund in the world, considers the market downturn and what’s needed from investors and the Federal Reserve to relieve economic anxiety. Cameron Mitchell, founder and CEO of Cameron Mitchell Restaurants, has closed each of his restaurants in over a dozen states and cut his staff from 4000+ to a mere six. He considers the wide impact of pandemic-prompted shutdowns across the service industry. CEO of Boston Consulting Group Rich Lesser has been speaking with other CEOs around the world; he maps out the long term costs of business slowdown.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

19 Mars 202044min

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