VA Governor Youngkin on DOGE & $2.2B to Harvard on Hold 4/15/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 15 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Trump administration is investigating semiconductors and pharmaceutical ingredients, the first steps toward tariffs in those industries. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb shares his concern that if costs get any higher for generics like heparin, hydrocortisone, and amoxicillin, drugmakers might stop manufacturing them. Dr. Gottlieb explains America’s pharma supply chain through China and India, as well as the thin margins on some of the most commonly used drugs in the United States. The Trump administration ordered a freeze on $2.2B grants to Harvard after the university rejected the White House’s demands for changes, including to DEI programs. The move has sparked another debate about free speech on higher education campuses. Plus, the Chinese government has reportedly ordered Chinese airlines to stop buying Boeing aircraft, and DOGE cuts in DC have hit the workforce in Virginia. Governor Glenn Youngkin (R-VA) is still optimistic about his state’s future. Glenn Youngkin - 21:21 Dr. Scott Gottlieb - 39:36 In this episode: Glenn Youngkin, @GovernorVA Dr. Scott Gottlieb, @ScottGottliebMD Kelly Evans, @KellyCNBC Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.8	Today on SquackPod.
0:09.0	All politics are local, so are economies.
0:12.5	Virginia's governor Glenn Yonkin joins us on the Trump administration's policies
0:16.4	remaking business.
0:17.8	This has to happen.
0:18.9	We need to rein in spending and reestablish fiscal reality back into the federal government.
0:23.9	And with that, yes, there will be job losses.
0:26.2	And Virginia has a lot of federal employees and a lot of contractors.
0:29.6	And I expect we'll see job losses.
0:32.1	A new federal investigation that could result in tariffs on pharmaceuticals, what will it
0:36.5	mean to the drug industry?
0:38.1	Former FDA head Scott Gottlieb.
0:39.9	I fear that if the president places tariffs on those drugs, we're not just going to see prices
0:44.7	increase, we're going to see companies stop manufacturing them because the margins of those
0:48.3	drugs are very slim.
0:50.5	And the rest of today's headlines, like the White House versus the Ivy League.
0:55.6	This isn't just about Harvard, this is about other universities, this isn't even about
0:59.0	anti-Semitism, this is about genuine free speech.
1:01.9	A funding fight between the Trump administration and Harvard over concerns about speech.
1:07.0	A lot of their donors from the right are allowed to donate, but they couldn't give a speech
	...

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