Palantir Slides, Pfizer-Novo Nordisk Bidding War Heats Up, Fund Giant to Vote Against Musk's $1T Pay Package 11/4/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 4 November 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The tech sector under pressure: Carl Quintanilla, Jim Cramer and David Faber began the show with Palantir shares down sharply despite better-than-expected Q3 results and upbeat revenue guidance. Hear what CEO Alex Karp told CNBC about short sellers as Palantir shares remain among this year's best performers on the S&P 500. Pfizer and Novo Nordisk sweetened their respective offers to buy obesity drugmaker Metsera. Norway's sovereign wealth fund — the world's biggest — said it will vote against Tesla CEO Elon Musk's massive pay package that could total $1 trillion. Shopify President Harley Finkelstein joined the program to discuss the company's earnings and its outlook for the holiday quarter. Also in focus: Earnings winners and losers. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.7	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with Jim Kramer and David Faber at post-9 of the New York Stock Exchange.
0:11.3	Stocks are on pace for about 1% declines as earnings are arguably a little more mixed today. High valuations in focus.
0:18.2	Palantir is set to open down almost 8% on results 10-year 409.
0:23.3	Our roadmap begins with this AI trade and some fears about valuations,
0:26.7	Palantir sinking despite the earnings beat and the raised outlook.
0:30.4	Plus one of Tesla's top 10 shareholders plans to vote against Elon Musk's trillion-dollar pay package
0:36.2	of the company's annual meeting on Thursday.
0:39.3	And the earnings break continues this morning.
0:41.8	We got Uber and Pfizer among some of the bigger names reporting.
0:45.5	Both those stocks will start the morning under a bit of pressure.
0:50.8	Let's begin with Palantir down on the pre-market, despite the company posting a quarterly beat,
0:55.2	raising their full-year revenue guidance.
0:57.2	We heard from Alex Carpest a moment ago talking about results in society and the shorts.
1:03.5	Take a listen.
1:05.8	When I hear short sellers attacking what I believe is clearly the most important software
1:11.1	company in America therefore in the world in terms of our impact simply to
1:14.8	make money and calling trying to call the AI revolution into question where
1:19.8	we have these anomalous numbers 114 rule of 40 etc it just is super triggering
1:25.5	because these people they could pick on any company in the world.
1:28.7	They have to pick on the one that actually helps people, that actually has made money for the
1:32.7	average person, that is actually supporting our warfighters. Why do they have to go after us?
	...

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.