Robinhood CEO Goes for Gold (Card) 03/27/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 March 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Robinhood has unveiled its first credit card, and it’s made of gold. CEO Vlad Tenev shares details of his company’s foray into credit, and he weighs in on Elon Musk’s hopes for payment processing on X, as well as meme stock mania. The FDA has approved Merck’s treatment for a rare lung and cardiovascular condition, but the drug’s launch price is steep. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb discusses the pressures and mandatory discounts that factor into drug pricing. Plus, Elon Musk’s Neuralink has enabled a person with paralysis to play chess online, but one lawmaker is raising concerns about whether the brain implant should have been approved for human testing so quickly. And, the latest on the Baltimore bridge collapse, Gamestop’s miss and the NFL starts early on holiday planning. Vlad Tenev - 14:06 Scott Gottlieb - 29:37 In this episode: Vlad Tenev, @vladtenev Joe Kernen, @JoeSquawk 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 Pond.
0:09.0	Robin Hood CEO Vlad Tennive, the trading app's growth plans, launching its first credit card.
0:15.0	What we'd like to do is build a world where for our customers all of their assets are
0:20.1	custody at Robin Hood and every financial transaction goes through Robin Hood and
0:25.2	credit is just such a critical part.
0:28.8	Remember the viral video of the Nurelink patient playing chess with his mind?
0:33.0	Former FDA head Scott Gottlieb on the regulation around brain implants.
0:38.0	This is a technology that we've been working on for a while.
0:40.3	Neuralink is another entrant into this space. I do believe it has promise.
0:44.7	Plus, the latest on the Baltimore Bridge collapse, GameStop's Big Miss,
0:50.5	and the NFL's early holiday gift.
0:55.0	We need a game on Christmas, guys.
0:58.0	It's Wednesday, March 27th, Squawk Pod begins right now.
1:02.0	Stand Becky by in three, two, Squack-Pod begins right now.
1:03.0	Stand Becky by in three, two, one, queue please.
1:08.0	Good morning everybody and welcome to Squack-box right here on CMBC.
1:11.5	We are live from the NASazdak market site in time
1:13.7	square i'm beky quick along with jo kernan and and drew is off today
1:18.5	here we go it's wednesday well really it's really it's really kind of Thursday, which is the best day.
1:24.4	Because it's good Friday.
1:25.4	And it's even better.
	...

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