Crypto Futures & the Theranos Trial, Week 6

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 15 October 2021

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

A key FDA advisory committee unanimously recommended giving booster shots of Moderna’s Covid-19 vaccine to people ages 65 and older and other vulnerable Americans. Dr. Kavita Patel, a fellow at the Brookings Institution and former White House health policy director, breaks down the FDA’s debate over Covid-19 boosters. CNBC’s Scott Cohn provides an update on the trial of Theranos founder Elizabeth Holmes, on week six of what’s slated to be a 13-week trial. According to court testimony this week, the blood-testing start-up hired a dermatologist with no board certification in laboratory science or pathology to become the lab director. Bitcoin has climbed above $60,000 as traders expect U.S. regulators to clear the first bitcoin futures ETF. Plus, Virgin Galactic plans to delay spaceflights to next year as it refurbishes its vehicles. In this episode: Dr. Kavita Patel, @kavitapmd Scott Cohn, @ScottCohnTV Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in Show Music, please.
0:02.0	This is Squawk Pod.
0:05.0	I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast, A Boost for crypto, A Tumble for Virgin Galactic, and a new stakeholder at Macy's. But news, the next vaccine
0:16.7	timeline with Dr. Kavita Patel. For the majority of Americans under the age of
0:21.4	65, we are still waiting for more evidence that anybody can just go and get boosters.
0:27.0	And the Elizabeth Holmes' Therinos trial continues,
0:31.0	see NBC Scott Cohn on the Fake It
0:33.0	It-Til-You Make It drama inside the courtroom.
0:35.2	That's what the prosecution has to prove.
0:37.5	They have to prove that she intended to commit fraud.
0:40.4	It's Friday, October 15, 2021.
0:43.4	Squawk Pod begins right now.
0:45.6	Stand Becky by in three, two, one, fuel, please.
0:50.0	Good morning, everybody.
0:51.2	Welcome to Squawk Box here on
0:52.6	cn't be see. I'm Becky Quick along with Andrew Ross
0:55.1	Sorkin. Joe is out today.
0:59.5	First up on today's podcast, a watershed moment for the crypto industry and a landmark
1:04.6	decision from the SEC. They've got Wall Street and Main Street buzzing. It all
1:08.6	started with a report from Bloomberg. The SEC they say is set to allow a Bitcoin futures ETF to start trading next week.
1:17.2	They haven't put a stop to it yet.
	...

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