Apple Reports Results… And Novo Nordisk’s Obesity Drug Price Cut 5/2/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 2 May 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple on the move after its results. We’re diving into the numbers and the call from the iPhone maker. Plus shedding the pounds and the prices. Novo Nordisk lowering prices for its blockbuster weight loss drugs. How an increase in competition is tipping the scales in the space. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square.
0:05.8	This is Fast Money. Here's what's on tap tonight. The mother of all buybacks,
0:10.4	Apple beating at the top and the bottom line, announcing the biggest share repurchase in the history of business.
0:16.0	All business.
0:18.0	110 billion dollars.
0:20.0	That's an entire John Deere, an entire Boeing.
0:23.3	The after-a-a-rs action of the conference call straight ahead.
0:25.5	Plus, the Peloton-Plun shares
0:27.3	the Connected Fitness Company hitting new record lows
0:29.9	after announcing layoffs and a CEO departure.
0:32.3	Can the company pedal its way out of the hole?
0:34.9	We take a deep dive into the future of this one-time pandemic
0:37.7	darling.
0:38.5	And later, weighty issue, sales of Novo-Nortis would go be more than doubled
0:42.3	than the latest
0:42.7	poorer but the possibility of increased competition putting pressure on the
0:46.4	stock today. Can the company tip the scales in its favor will go inside the
0:50.2	numbers? I'm Melissa Lee. Come to you live from Studio B at the Nasak on the desk tonight. Courtney Garcia. the from Apple. 110 billion dollars eclipsing the previous record also set by Apple just in September of
1:06.3	83 billion.
1:07.3	That news outweighing a 10% drop in iPhone sales as shares are soaring about 7%, adding nearly $200 billion to the company's market cap.
1:15.7	The conference called Jess kicking off at the top of the hour.
1:18.3	Steve Kovacs got all the details.
	...

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