A Massive Charge for Ford, and the CEO of a Biotech Up Nearly 500% this Year 12/15/25

CNBC's "Fast Money"

CNBC

Business, News, Investing

4.3 • 1.2K Ratings

🗓️ 15 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shares of Ford on the move after the automaker announced a $19.5b write off of its electric vehicle business. What the company is focusing on now, instead. Plus Terns Pharmaceuticals announced positive results for its new cancer drug last week. The CEO joins to lay out next steps for the company. Fast Money Disclaimer

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0:00.0	Live in the NASDAQ markets are in the heart of New York City's Times Square. This is fast money.
0:04.1	Here's what's on top tonight. A massive right down at Ford. The automaker announcing a more than $19 billion charge on what had once been a key part of its business.
0:12.1	The details in the trade and the stock coming up. In crypto crumbles, Bitcoin falling back into the 85K range.
0:18.0	What's behind the move lower and can the token rebound in the new year?
0:26.3	Plus, Oracle drops despite a bullish city call. The new competition that has shares of Zillow sinking today and turns Farmer down today but up a whopping 485% just this quarter. We'll talk to the CEO
0:33.4	about his latest cancer drug trials and what's to come in the new year. I'm Melissa Lee.
0:37.4	Come to you live from Studio B at the NASDAQ. On the desk tonight. Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Dami. We start off with that breaking news on Ford shares of the automaker are higher, just slightly less than a percent right now. Even after the company announced, it would take a massive $19.5 billion charge to write down its EB investments. The company also raising
0:55.0	guidance for the current fiscal year. Let's get to Philabo, who's got all the details on this.
0:58.9	Hey, Phil. Hey, Melissa, that's one of the largest impairment charges I've ever seen, not just in the
1:04.1	auto industry, but in corporate America, $19.5 billion. As you take a look at shares of
1:09.8	Ford, yes, after hours, it did move higher,
1:12.4	in part because the company has outlined what it believes is a strategy that will work. We'll talk
1:17.3	about that in a little bit. Of that 19.5 billion in special charges, 12.5 billion will be taken in
1:23.0	2025. The remainder spread out in 2026, 27. They are also at the same time raising their 2025
1:31.0	EBIT guide to $7 billion. It was previously six to six and a half billion dollars. So there is
1:38.5	an increase in its guidance when it comes to 25 EBIT guidance. Now, let's take a look at what the new strategy is.
1:46.2	Ford says it will be shifting gears.
1:48.3	Think more hybrids and extended range electric vehicles.
1:52.9	So they're going to expand their hybrid models.
1:54.7	They're going to be adding these extended range EVs.
1:56.9	Think of this as generators that will then power the motors and you have an extended range there.
2:03.2	So it's not pure electric vehicles.
	...

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