Pfizer’s big fat fail 12/1/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 1 December 2023
⏱️ 44 minutes
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| 0:00.0 | Live from the Nazac Market site in the heart of New York City's Times Square. |
| 0:05.0 | This is fast money. Here's what's on tap tonight. A strong start. |
| 0:08.6 | December picking up right where November left off rates keep falling. St stocks keep rising in from tech to |
| 0:13.6 | regionals to the consumer it's a sea of green should investors keep riding the |
| 0:17.2 | momentum through year end. We'll debate that. Plus big fat fail. Pfizer |
| 0:21.6 | pulling the plug on its twice a day weight loss pill is too many patients |
| 0:25.4 | said no moss to the drug because of the side effects. Is Pfizer in danger of being left out of the |
| 0:30.3 | obesity boom? Plus it's Friday and that means it is time for a little |
| 0:33.7 | options action. Professor Cohen the Chartmaster together again. They're ready to |
| 0:38.4 | wrap about the regional banks coming up. I'm Melissa Lee coming to you live |
| 0:42.0 | from Studio B at the Nasazac on the desk tonight. |
| 0:44.3 | C. Graso, Fano Anison, Carter Worth, and Mike Co. |
| 0:47.4 | We'll get to the market strong start to December in a minute, but we begin with Pfizer |
| 0:51.3 | and its super-ized losses today. |
| 0:53.2 | The sock falling more than 5% to its lowest level since March 2020. |
| 0:58.1 | After the drug giant announced it is pulling the plug on its twice daily weight loss pill, |
| 1:02.4 | Pfizer saying patients struggle to deal with |
| 1:04.3 | the side effects from taking this medicine. |
| 1:06.8 | For the year, Pfizer is now down over 43 percent, badly lagging its obesity drug rivals. |
| 1:12.4 | Eli Lilly nearly 60% higher on the year |
| 1:15.0 | while Novo Nordisk is up 48%. Here now to take us inside today's setback |
| 1:19.6 | the NBC's Angelica pebels. Hey Angelica. Hey Melissa, yeah, so Pfizer's ambitions in the obesity space falling behind today after the drug |
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