Elon Musk’s Trillion Dollar Pay Plan & Obesity Drug Pricing 11/7/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 November 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The White House has struck a deal with two more drugmakers: Eli Lilly and Novo Nordisk. Centers for Medicare and Medicaid Services administrator Dr. Mehmet Oz discusses the administration’s plan to make GLP-1s more affordable for Americans. Tesla shareholders voted to approve Elon Musk’s $1 trillion pay package, as long as he reaches their lofty goals for the company. Musk biographer Walter Isaacson discusses the plan of milestones and Musk’s history of exceeding investor expectations. Plus, U.S. airlines are beginning to cancel flights to manage shutdown-strained staffing of air traffic controllers, and Warren Buffett issued a warning on AI. Dr. Mehmet Oz - 21:43 Walter Isaacson - 38:56 In this episode: Dr. Mehmet Oz, @DrOz Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.8	Elon Musk, trillionaire?
0:11.6	To become a trillionaire, because he's already got how much?
0:14.2	No, a lot.
0:15.4	More than he'll ever need.
0:16.8	$400 billion?
0:17.6	Yeah, he wants to be in charge.
0:19.2	Tesla shareholders approving an historic pay package that would make the world's richest person even richer.
0:25.4	These and T's, I can't believe we even talk in T's like this.
0:28.8	As long as he hits the car company's very lofty goals,
0:32.8	Musk biographer Walter Isaacson isn't so quick to doubt this time around.
0:37.2	It seems more than just a stretch goal, it seems a moonshot goal, but you and I and many others thought it was unlikely
0:44.3	last time and he did it.
0:47.3	And the Trump White House's plan to lower the cost of popular weight loss drugs for consumers.
0:53.3	Dr. Oz, administrator of the Centers
0:55.0	for Medicare and Medicaid, lays out the prescription.
0:58.0	Unfortunately, most Americans can't afford these drugs. They're $1,300 a month. So in this deal,
1:03.8	we are reducing the cost, on average, to about $250 a month. And if you're on Medicare, which
1:09.4	I administer, you're going to pay $50 co-pay.
1:12.2	Government will pick up the rest. All that today and much more, like Warren Buffett's warning on AI.
	...

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