Surveillance: Eli Lilly CEO Sees Brighter Future
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 10 November 2020
⏱️ 28 minutes
🧾️ Download transcript
Summary
David Ricks, Eli Lilly Chairman & CEO, discusses the drugmaker’s Covid-19 antibody therapy that was granted emergency-use authorization in the U.S. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, sees a departure from bonds into risky assets with a lot of cash on the sidelines that needs to be put to work. Kathy Hochul, New York Lieutenant Governor, says having a vaccine does not take the pressure off of further stimulus at all. Sam Stovall, CFRA Chief Investment Strategist, says Wall Street is looking beyond a coronavirus spike with vaccine developments appearing positive.
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| 0:00.0 | Together we have the opportunity to build a more sustainable and inclusive future. |
| 0:06.0 | At the Bloomberg New Economy Forum, we help make this possibility a reality |
| 0:11.0 | by cultivating new connections among global leaders that transcend geographies, industries |
| 0:16.3 | and ideologies. |
| 0:18.4 | Because when global leaders work together, the outcomes benefit all of us. |
| 0:23.0 | Learn more at Bloomberg surveillance podcast. I'm Tom Keene. |
| 0:43.3 | Daily, we bring you insight from the best in economics, finance, |
| 0:46.9 | investment, and international relations. |
| 0:49.7 | Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the |
| 0:56.2 | Bloomberg. |
| 0:57.2 | Let's do this. |
| 0:58.2 | Let's dispense with the formalities right now and get to David Rick's Eli, Lily, |
| 1:01.6 | Chairman and CEO, and I do this. John and Lisa have a lot of questions |
| 1:05.3 | about the news yesterday, but David I think there's massive confusion over all of these fancy |
| 1:12.3 | words and particularly around vaccine or |
| 1:15.0 | around antibody treatment. |
| 1:16.7 | We conflate bacterial and virus therapies on top of each other. |
| 1:21.8 | How does a vaccine differ from the antibody treatment you announced yesterday? |
| 1:27.0 | Well, thanks for me on, Tom. And exciting news last night with the emergency use authorization in the US for our monoclonal |
| 1:34.6 | antibody, neutralizing antibody, which is a therapy that you're to be given in |
| 1:40.1 | this approval if you have new newer onset disease, |
| 1:44.0 | so a positive test and symptoms, |
... |
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