Eli Lilly’s Obesity Pill & Tim Cook at the White House 8/7/25

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 7 August 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump has announced he will impose a 100% tariff on chips and semiconductors imports, although he’s suggested exemptions for companies manufacturing in the U.S. One company that may qualify for that exemption: Apple. During CEO Tim Cook’s meeting with the President on Wednesday, Cook committed an additional $100 billion to onshore manufacturing. Author Walter Isaacson discusses Cook’s commitment in the context of Steve Jobs’ original plans to manufacture Apple products in America. President Trump also has another tech CEO in his sights, calling for the resignation of Intel’s Lip-Bu Tan on social media. CNBC’s Angelica Peebles reveals the latest obesity pill trial results from Eli Lilly. Orfoglipron’s results were similar to Wegovy, and investors are disappointed by the data and the rate of discontinuation among trial participants. Plus, Lyft CEO David Risher explains his company’s earnings report, strong on paper but disappointing to some investors. Megan Cassella - 5:35 Angelica Peebles - 13:03 Walter Isaacson - 20:47 David Risher - 35:21 In this episode: Megan Cassella, @mmcassella Angelica Peebles, @angelicapeebles Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Melissa Lee, @MelissaLeeCNBC Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Apple planting roots closer to home, the iPhone maker promising to invest $100 billion in the U.S.
0:16.0	CEO Tim Cook made a special trip to the Oval Office.
0:19.0	Did you catch any of it? Some of it, yeah.
0:21.6	Did you see Tim Cook give President Trump a gift?
0:23.6	Author Walter Isaacson joins us on the new normal between President Trump and America's CEOs.
0:29.6	What he did is a good thing, the notion of, okay, we're going to bring some manufacturing back in America.
0:34.6	You have to remember, Steve Jobs was fixated on that.
0:40.1	But Tim Cook isn't the only corporate leader in the president's sites. Intel's Lip Bhutan is now
0:45.8	in the hot seat, and so is the company's board. When the administration says jump, corporate
0:50.3	America says how high. And Rideshareer Lyft reports its best quarter ever.
0:56.1	CEO David Risher joins us.
0:57.8	To a certain extent, you know, look elsewhere if you're looking for weakness because we're not saying it.
1:02.2	Plus, Tariff Day is here, and Eli Lilly is out with results from a key weight loss pill trial.
1:09.3	I just can't believe that name wasn't taken already.
1:12.3	What is it?
1:13.1	Or for Glyperon.
1:14.0	You've practiced it.
1:15.0	No, I, hey.
1:16.7	It's Thursday, August 7th, 2025.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.