Pharma Bets & College Controversies with Ken Langone 12/13/23

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 December 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Billionaire investor, Home Depot co-founder, and NYU Langone Health board chair Ken Langone discusses his latest market buys, his calls for pharma stocks, and his apprehension about investing in China. Former SEC Chair and University of Pennsylvania professor Jay Clayton joins Ken Langone in a discussion about leadership on American college campuses in the aftermath of controversial testimonies from university presidents on Capitol Hill. Plus, Netflix has released viewership numbers, Presidents Biden and Zelenskyy shared a hug in the Oval Office, Pfizer disappointed investors, and US Treasury Secretary Janet Yellen believes that we are on our way to a “soft landing.” Ken Langone - 14:00 Jay Clayton - 25:42 In this episode: 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 the NBC producer Katie Kramer, today on Squawk Pod.
0:09.0	Legendary billionaire investor Ken Langone on where he's putting his money.
0:13.7	I think Lily will be the first trillion dollar drug company in history.
0:17.7	Why?
0:18.7	They're pipelom.
0:19.4	Plus how the Home Depot co-founder is investing or not in China.
0:23.8	I don't think China wants to go to war with us.
0:26.0	They got a billion, 300 million people to feed.
0:28.6	They got some stress in the system now, real estate.
0:31.3	I mean, they got enough on their plate without taking us on.
0:35.3	And Jake Clayton joins us the U Penn Professor and former SEC Chair on the free speech debate
0:40.8	roiling college campuses.
0:42.4	I'll tell you who the trustees are. They're the people with a fiduciary. speech debate, roiling college campuses.
0:42.6	I'll tell you who the trustees are.
0:43.9	They're the people with a fiduciary duty.
0:45.6	They're the people who have the responsibility
0:48.0	to look at whether the university is delivering on its mission.
0:50.8	And I think we all know that they're not doing a good job.
0:53.0	Plus, the rest of today's stories that got us squawking.
0:57.0	Apple wants to stop iPhone thieves.
0:59.0	Zelensky in DC.
	...

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