Southwest Stuck at the Gate; Biotech’s Breakthroughs: The Covid Pill

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 October 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Merck and partner Ridgeback Biotherapeutics have asked the FDA to approve their Covid-19 antiviral pill molnupiravir for emergency use. It’s only the latest in a stream of biotech innovation this year; Dr. Christiana Bardon, co-managing partner of one of the world’s largest biotech investment firms MPM BioImpact Capital, discusses the sector’s opportunities for portfolios and public health right now. The global energy crisis has sent crude oil to over $80 a barrel, and vice chairman of IHS Markit Dan Yergin says its coming for politicians in Washington, D.C. Plus, Southwest Airlines faces a tough day on Wall Street after mass cancelations over the weekend, and William Shatner is going to space--at the young age of 90. In this episode: Dr. Christiana Bardon, @MPMCapital Dan Yergin, @DanielYergin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast, Merck's COVID pill heading to the FDA for emergency approval.
0:13.7	It sings oral antiviral medicine.
0:17.4	How awesome would that be?
0:19.2	Crude oil price is rising and the global energy crisis is coming for Washington.
0:24.0	IHS Market Vice Chair and author Dan Yurgan.
0:27.0	We're going to start to see more political heat in this country of prices that the pump may go from
0:31.5	325 to 350 and those are sensitive prices for politicians.
0:35.6	And biotech's biggest breakthrough, what the pandemic's innovation has done for the rest of
0:41.1	medicine with Dr. Christina Barden.
0:43.3	M. R. N. As you know, has the basis of our vaccine technology, and I
0:47.2	jokingly say this industry literally just save the world with M. R. N. A.
0:52.4	Those stories plus Southwest Airlines can't even get to the tarmac and William
0:56.8	Shatner heading up to space at 90.
0:59.8	90, that's the new 60.
1:01.8	Great. Good. Good. That's the new 60. Great! It's Monday, October 11, 2021.
1:05.2	It's Monday, October 11, 2021.
1:08.1	Squawk Pod begins right now.
1:10.4	Stand Becky by in three, two, one, queue please.
1:15.0	Good morning everybody.
1:16.6	Welcome to Squack Box here on C.
	...

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