Building Roblox’s $30 Billion Biz; Antibody Treatments with Dr. Scott Gottlieb

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 10 March 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Eli Lilly says its Covid-19 antibody therapy reduced the risk of hospitalization and death by 87% in a study of more than 750 high-risk coronavirus patients. Dr. Scott Gottlieb, member of the boards of Pfizer and biotech company Illumina and former FDA commissioner, discusses the news from Lilly and the difficulties around distributing Covid antibody drugs. Kids online gaming company Roblox (RBLX) is going public today through a direct listing on the New York Stock Exchange. Roblox CEO, David Baszucki, discusses the listing, user growth, the path to profitability and why Roblox is so unique. Plus, Tesla’s on a wild ride and inflation has captured investor focus.

Transcript

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0:00.0	This is really
0:02.0	squawk pod. I'm C. M.C. producer Katie Kramer, today on our podcast.
0:06.8	Big news about Eli Lilly's COVID-19 treatments.
0:09.9	Because this is already authorized, this is really adding more support to
0:13.6	potential use of these antibody drugs and an optimistic vaccine timeline
0:18.0	from Dr. Scott Gottlie. I still think that eligibility is going to be wide open
0:22.0	sometime in April. People will be
0:23.8	able to go online get an appointment. Doesn't mean everyone will get
0:26.0	vaccinated in April, but it's going to be wide open. Plus Tesla's on a wild ride,
0:30.4	inflation concerns, and gaming goes social.
0:33.7	Online platform, Roblox has built a world
0:36.3	and a business valued at nearly $30 billion.
0:39.6	The only conversation that happens in the Sorkin family
0:41.9	is about Roblach.
0:43.0	Of all the things are going to play, I'm kind of psyched about this.
0:45.4	At least you figure out how to build things.
0:47.4	Builderman, Roblach CEO David Bazuski, on its debut day.
0:51.6	It's a unique category because it allows people to come
0:55.2	together even when they're not together in real life and do things together.
0:59.2	It's Wednesday, March 10, 2021.
1:02.6	Squawk Pod begins right now.
1:05.6	Good morning, everybody.
	...

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