Johnson & Johnson’s Next Split & “1929” Hits Shelves 10/14/25

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 14 October 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Johnson & Johnson reported its latest earnings and announced a separation of its orthopedics business into a standalone company. CEO Joaquin Duato discusses the company’s next era, new warning labels for its multiple myeloma treatment Carvykti, and the future of J&J’s consumer. Then, it’s publication day for Andrew Ross Sorkin’s new book 1929, which details the stock market crash that reshaped American capitalism. Plus, China sanctions a South Korean shipbuilder accused of aiding the U.S., and President Trump weighs in on a two-state solution and rebuilding Gaza. Joaquin Duato - 10:25 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod and I'm CNBC producer Cameron Costa.
0:08.0	On today's episode, Johnson & Johnson, announcing a spin-off of its orthopedics business.
0:15.0	CEO Joaquin Duwato shares what's ahead for the pharma giant.
0:20.0	We have a number of important catalyst in our portfolio that are going to drive this new era of accelerated growth.
0:27.6	And amid a ceasefire in the Middle East, President Trump answers questions about a potential two-state solution.
0:35.6	I think the answer is he didn't give an answer.
0:38.2	We're just rebuilding gossip right now.
0:40.9	Plus, it's Pub Day, Andrew Ross Sorkin's new book, 1929,
0:45.3	hits shelves today.
0:47.2	When I first started this, I didn't know if I'd finish it.
0:49.8	I didn't know if I'd be able to get the material
0:52.4	that I wanted to get.
0:53.8	Well, he did. And he did. A thriller and an historical account of what happened behind
0:59.6	closed doors before the big stock market crash. I was trying in my own way to write the
1:05.8	prequel to Too Big to Fail. It's Tuesday, October 14th, and Squawk Pod begins right now.
1:14.3	Stand Becky by in three, two, one. Cure, please.
1:19.6	Good morning, everybody. Welcome to Squackbox right here on CNBC. We're live from the NASDAQ
1:24.8	market site in Times Square. I'm Becky Quick along with Joe Kernan and Andrew Ross Sorkin. It's book day. Book drops today. Oh, thank you. I brought it. Publication Day. 1929. There it is. Let's hope it's not. Let's hope it's not. But yes. I saw a bunch of people last. I mean, we're very happy. This is a... I could have gotten another copy. You could have gotten another free copy. It's available to you.
1:48.0	Yes. but yes. I saw a bunch of them last. I mean, we're very happy. This is a... I could have gotten another copy. You could have gotten another free copy. It's available to you. Yes, we're going to get you a signed copy. But today is the day. Andrew's book is out 1929. If you haven't already pre-signed up for it, you can buy it right now. You get it at bookstores today. We're going to talk a lot more about the book today. You're very kind. But it's here. It is the day.
2:01.1	Check out crypto this morning.
2:03.2	You will see that Bitcoin's back at a We're going to talk a lot more about the book today. You're very kind. But it's here. It is the day.
	...

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