DOJ Accuses Visa of Being a Monopoly & Ozempic Prices Grilled by Congress

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 25 September 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 417: Neal and Toby discuss the latest DOJ battle against a big company, this time against Visa, alleging it monopolizes the debit card business. Then, FTX fraudster and key witness Caroline Ellison cooperates with the courts but receives 2 years in prison. Also, the CEO of Novo Nordisk stands before Congress to answer if Ozempic’s price is too out of reach for Americans. Meanwhile, a port strike across the East and Gulf Coasts could result in a supply chain nightmare. Plus, popular tech reviewer MKBHD, known for his unfettered reviews of products, releases a product of his own. Now it’s open season for other reviewers. Lastly, the Chicago White Sox is on the brink of being the worst team in baseball history. How did they get there? Subscribe to Morning Brew Daily for more of the news you need to start your day, share the show with a friend, and leave us a review on your favorite podcast app. To learn more about how Wise could work for your business, visit https://wise.com/business/ Checkout Brew Markets Here Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Mini Moon 03:10 - Visa Lawsuit 08:30 - Caroline Ellison Sentencing 12:09 - Novo Nordisk Ozempic Prices 17:45 - East Coast Port Strike 23:00 - MKBHD Panels App Review 26:40 - White Sox Woes Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by LinkedIn.
0:03.0	Struggling to close deals.
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0:14.7	that will help you sell like a superstar in no time.
0:18.3	And right now you can try LinkedIn Sales Navigator and get a 60-day free trial.
0:23.2	Visit LinkedIn.com slash trial today.
0:27.8	Good morning, Brew Daily Show.
0:29.8	I'm Neil Freiman.
0:30.8	And I'm Toby Howell.
0:31.6	Today, the DOJ is on an antitrust vendor the likes of which we haven't seen since the first hangover.
0:37.0	Its latest target, Visa.
0:39.0	Then Novo Nordisk's CEO was in the hot seat yesterday as he tried to explain the senators why
0:44.4	Ozemphic costs so dang much.
0:47.0	It's Wednesday, September 25th.
0:49.0	Let's ride. Austin Powers had mini me and the Earth's moon is about to get a mini moon.
0:59.6	Yeah, it's not often we get new visitors from outer space, but in just four days from now, a newly discovered
1:05.2	asteroid named 2024 PT5 is going to be captured by Earth's gravity and orbit the planet for about
1:12.0	two months, then it'll return to its orbiting the sun like it had been before.
1:17.0	But because PT-5 will be circling the Earth for at least some time,
1:21.0	astronomers have called it a mini moon. You know, I'm kind of
1:24.8	glad that our regular moon will have a younger sibling to hang out with until November.
	...

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