Oxy’s Big Deal & Scott Gottlieb on Game-changing Gene Editing 12/11/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 11 December 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Occidental Petroleum will buy CrownRock for $12 billion, deepening its foothold in the Permian basin. Energy expert and author of “The New Map: Energy, Climate and the Clash of Nations” Daniel Yergin explains what the recent flurry of oil industry mergers means for geopolitics. The FDA has approved treatment for sickle cell disease, the first treatment to use the gene-editing tool CRISPR. Former FDA Commissioner Dr. Scott Gottlieb discusses a treatment’s journey from lab to patients, as well as improving the public’s access to life-saving care. Plus, Macy’s has a $5.8 billion buyout offer, and University of Pennsylvania’s President Elizabeth Magill has resigned after her controversial testimony on Capitol Hill last week. Daniel Yergin - 15:38 Dr. Scott Gottlieb - 23:50 In this episode: Dan Yergin, @danielyergin Scott Gottlieb, @ScottGottliebMD Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music Please.
0:03.0	Hi, I'm C NBC producer Katie Kramer, today on Squawk Pod.
0:08.0	Big deal in the oil patch, Occidental Petroleum is making a 12 billion dollar purchase.
0:14.7	Energy expert Dan Yogan on the industry's M&A.
0:17.9	A year ago, people thought US oil wouldn't increase very much.
0:21.3	It's increased by a million barrels a day. So companies
0:24.2	really want to be centered there.
0:27.2	And innovations in health care, Dr. Scott Gottlieb on new sickle cell treatment from the
0:31.9	lab to the patient.
0:33.4	That represents a tremendous quickening of the pace of progress
0:36.3	from a fundamental discovery
0:37.6	to its translation to an effective drug and patients.
0:41.6	Plus today's other headlines, Macy's for sale, the whole thing, the dreaded green text bubble, and
0:47.4	U-PEN's president out after a controversial few months on campus and on Capitol Hill.
0:52.4	Frankly, what comes next to Harvard having a board meeting?
0:56.0	There have been discussions about the president at MIT and how she responded.
1:00.0	It's Monday, December 11th, 2023.
1:03.7	Squawk Pod begins right now.
1:06.0	Stand Becky by in three, two, one, Q please.
1:11.2	Good morning everybody and welcome to Squawk Box right here on
1:14.4	CMBC. We are live from the NASDAQ market site in Times Square. I'm Becky
1:19.0	Quick along with Mike Santoli. Andrew is on the assignment this morning he joins us live from
	...

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