Apple Hits the Road; Sen. Amy Klobuchar Takes on Big Tech; Merck CEO Steps Down

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 February 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple is finally hitting the road, closing in on a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle in Georgia. Merck CEO and social justice leader Ken Frazier is stepping down from his role, effective in June. CNBC’s Meg Tirrell discusses his legacy while at the helm of the pharma giant, as well as his role in pushing progress in corporate America. Senator Amy Klobuchar (D-MN) has introduced a bill to take on Big Tech and bolster antitrust regulation. Plus, PayPal delivers big returns to its investors.

Transcript

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0:00.0	This is Kewak Pod. I'm C. NBC producer Katie Kramer. Today on our
0:05.1	podcast, Apples hitting the road.
0:07.7	C. NBC's auto reporter Phil LaBoe on Tim Cook's big bite into vehicles.
0:14.0	This would be an apple car.
0:15.7	This would not be Apple software underneath a Kiya model.
0:18.9	This would be an apple car.
0:21.0	And antitrust back on the agenda, Senator Amy Klobeshar on her plans for big tech.
0:25.7	I don't want to punish success.
0:27.1	When we talk about structural remedies and breaking things up, those companies would then be
0:31.8	unleashed to do even more.
0:34.0	Those stories plus PayPal's big quarter and another business Titan plans his departure,
0:39.0	the CEO of Merck, retiring.
0:41.0	Ken Frazier was such a leader in the industry,
0:44.1	not just in pharma, but across the industry
0:47.0	and especially over the last year
0:48.6	as racial justice issues have been so important.
0:51.6	It's Thursday, February 4th, 2021. Squack Pod begins right now.
0:57.0	Hey, good morning everybody. Welcome to Squack Box. This is C.
1:00.4	and I'm Becky Quick, along with Joe Kernan and Andrew Ross Sorkin. M. B. C. And I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin.
1:04.2	Welcome to Squackbox.
1:06.2	Apple close to finalizing a deal with Hyundai and Kia to manufacture an apple-branded
1:11.8	self-driving electric car.
	...

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