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CNBC's "Fast Money"

Apple’s Record High… And Structure Therapeutics’ CEO On Weight Loss Drugs 6/11/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 11 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Shares of Apple jumping to record highs just a day after falling flat on its new AI announcements. The turnaround for the tech titan, and what it means for the market. Plus The weight loss wars rage on… and we’re honing in on oral version of GLP-1’s. How one pharma stock is faring in the space, and how their results stack up against the competition. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nasak Market site in the heart of New York City's Times Square.

0:05.2

This is fast money. Here's what's on tap tonight.

0:07.6

Apple ascending. The tech giant rocketing to new heights on the heels of its AI reveal yesterday, the massive numbers behind this

0:14.4

move and what it says about the strength of the broader markets and shares of structure therapeutics

0:19.0

pulling back from recent highs, but hopes for its obesity pills still have the stock up more than 20% this year.

0:25.0

We'll talk to the CEO Ray Stevens about its latest trial results

0:28.0

in a first on C.N.C. interview later this hour.

0:31.0

Plus, a paramount plunge, its deal with Sky Dance falling apart.

0:34.6

What cause talks to break down and what's next for the company?

0:37.6

David Faber will join us here on set just minutes from now.

0:40.4

I'm Melissa Lee.

0:41.4

Come to you live from Studio Be at the Nasak on the desk tonight.

0:43.6

C. Grasso, Karen Finerman, Dan Nathan, and Guy Adami.

0:46.6

And we start off with Apple's astonishing run to new records.

0:49.8

The Tech Giant soaring more than 7% today.

0:52.4

It's best safe since November 2022. That move adding a whopping

0:56.1

215 billion dollars to its market cap. That is more than one entire Adobe. It is now just 40 billion away from reclaiming the most valuable

1:05.4

company title from Microsoft, a position it's seated back in January.

1:10.0

Apple was the top performer in the S&P Dow and the Nasek 100,

1:13.6

quite a turnaround after leading the Dow lower post yesterday's W.W.C. kickoff.

1:18.2

So what changed for Apple in just the past 24 hours.

1:23.5

It was just 24 hours ago, Guy,

...

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