J&J’s Vaccine Trial Enters Phase 3; Tesla & Nikola: What’s Next for Electric Vehicles

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 23 September 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Johnson & Johnson is the latest drugmaker to enter a late-stage trial for a coronavirus vaccine. The company’s Chief Scientific Officer, Dr. Paul Stoffels, shares the process and next steps for a safe, widely effective vaccine. CNBC’s Phil LeBeau recaps the highly anticipated Tesla Battery Day with reactions from Wall Street and Main Street. Tesla competitor Nikola has also captured headlines after founder and chairman Trevor Milton announced he’s leaving the company just 13 days after he and General Motors CEO Mary Barra announced a partnership. Former Ford CEO Mark Fields discusses what’s next for the transaction and for GM’s shareholders. Plus, Ronald Perelman is a legendary financier and billionaire, but he’s begun liquidating hundreds of millions of dollars in assets. CNBC’s Robert Frank reveals what he’s selling and explores why he might need the cash.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Cameron Costa. Today on our
0:06.2	podcast Johnson and Johnson has taken a big step forward in the race for a
0:11.4	coronavirus vaccine.
0:13.0	J&J, Chief Scientific Officer.
0:15.0	The single dose of the vaccine could give protection
0:18.0	very quickly within 15 days,
0:20.0	and with that could be very useful in the emergency use.
0:25.0	And start your engines, your electric engines, that is.
0:29.0	We're recapping Tesla's highly anticipated battery day.
0:33.7	What's ludicrous mode right now?
0:35.2	This makes ludicrous look ludicrous.
0:37.2	And unpacking Nikola, the other electric vehicle
0:40.4	company sweeping headlines this week
0:42.4	with former Ford CEO Mark Fields.
0:44.9	I wouldn't invest until they have an investor day that clarifies a lot of their capabilities
0:51.4	and their plans going forward.
0:53.4	Those stories plus a jet, a yacht, and a sell-off that has Wall Street buzzing.
0:58.9	Billionaire Ron Perlman's mystery plans for his cash, with CMVC's wealth reporter Robert Frank. Roman's
1:03.2	mystery plans for his cash with c.
1:03.0	With c. mrs.
1:03.6	wealth reporter Robert Frank.
1:04.6	He is the ultimate financial street fighter.
	...

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