Competing with China, Capping Insulin Costs, & CEOs Speaking to Shareholders 03/01/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 1 March 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the first meeting of a new House committee on U.S. competition with China, lawmakers displayed a rare show of bipartisanship. CNBC’s Eamon Javers shares the agenda of the group, from Washington, DC. In New York, Virginia Governor Glenn Youngkin discusses threats from China, including TikTok and foreign buyers of American farmland. Plus, as a Republican leader in a purple state, Youngkin weighs in on the 2024 election. Eli Lilly is cutting the out-of-pocket cost of insulin by 70%. CNBC’s Meg Tirrell reports on the price cap for the drugmaker’s life saving medication. Rivian’s stock is under pressure after a mixed Q4 report, Tesla and Goldman Sachs are delivering new messaging to shareholders on their respective investor days. In this episode: Meg Tirrell, @megtirrell Glenn Youngkin, @GovernorVA Eamon Javers, @EamonJavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:02.0	Hi, I'm C. NBC producer Katie Kramer today on Squack Pond.
0:08.0	Something Washington can agree on, the competitive threat from China.
0:12.9	Both Democrats and Republicans last night
0:14.8	were talking about decoupling the US and Chinese economy.
0:18.1	DC's plans to protect American data and the economy.
0:21.6	We'll also talk China and so much more with Virginia
0:24.6	Governor Glenn Yunken. We know we need to build semiconductor capacity. We know
0:28.9	we need to build electric vehicle battery capacity. We know we need to build solar panel
0:34.3	technology capacity, but we're diddling around on the edges and making it hard to do
0:39.2	this. Insulin cheaper. Meg Terrell reports on Eli Lilly's 70% price cut to the life-saving med.
0:47.8	They're actually lowering that list price.
0:50.3	This is something we almost never see drug companies do.
0:53.0	And Goldman Sachs and Tesla have new messages for Wall Street,
0:57.0	plus the issue with AI's issues.
1:00.0	No, but all AI is, in garbage out. Is it?
1:03.4	All of it is.
1:04.4	That's the question.
1:05.4	Does it transcend that eventually?
1:07.6	It's Wednesday, March 1st, 2023.
1:10.8	Squack-Pod begins right now.
1:13.0	Stand Becky by in three, two, one, queue please.
	...

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