Paramount’s Updated Bid for Warner Bros. 12/22/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 22 December 2025

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the latest chapter of the war for Warner Brothers Discovery, Paramount Skydance has amended its offering to outbid Netflix for the legacy assets. Gerry Cardinale, founder of one of Paramount’s key investors and strategic partners RedBird Capital Partners, addresses the WBD board’s concerns about the updated offer. Health and Human Services Secretary Robert F. Kennedy Jr. is reportedly exploring a U.S. vaccine schedule closer to Denmark’s. Former FDA Commissioner Dr. Scott Gottlieb discusses the potential changes to the American health care system, including recommended shots and drug prices. Plus, the U.S. Coast Guard is pursuing another ship off the coast of Venezuela, NEC Director Kevin Hassett has weighed in on the Supreme Court’s ruling on tariffs, and investor Bill Ackman suggested that Elon Musk take SpaceX public with a specific vehicle. Gerry Cardinale - 20:25 Dr. Scott Gottlieb - 40:33 In this episode: Joe Kernen, @JoeSquawk 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 CNVC producer Cameron Costa.
0:08.0	On today's episode, Sixth Time is the term?
0:13.0	Paramount Skydance has amended its latest offer for Warner Brothers Discovery.
0:18.0	Key investor and strategic partner, Jerry Cardinal of Redbird,
0:23.0	just minutes after the news broke.
0:25.6	The big concern was that Larry Ellison and his family is not money good for this transaction.
0:31.6	And so we've come in and said that, okay, Larry will give a personal guarantee on the equity financing for this transaction,
0:38.6	$41 billion.
0:41.2	Then changes afoot in the U.S. healthcare system, former FDA Commissioner Dr. Scott Gottlieb
0:47.1	on vaccine schedules and on drug pricing in 2026.
0:52.0	Going forward, you're going to see prices in the U.S. on new launches probably come down.
0:56.3	Prices X. U.S. go up.
0:58.4	Plus, the U.S. pursuing another oil tanker off the coast of Venezuela and President
1:03.9	Trump's top economic advisor, Kevin Hassett, weighing in on the Supreme Court's tariff ruling.
1:10.1	There are other mechanisms with which the White House has the ability to implement tariffs they can.
1:15.6	What we're talking about is how these were implemented this time.
1:18.6	It's Monday, December 22nd, 2025.
1:22.6	It almost is like, ah!
1:25.6	Squawk pod begins right now.
1:28.3	Stand by Joe, and three, two, one, his mic, cue.
1:34.2	Oh, I like that new CNBC logo.
	...

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