Wall Street Blizzard; Moderna’s Vaccine Trial; Crony Capitalism

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 17 September 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Snowflake debuted on the Nasdaq in the biggest software IPO in history. Berkshire Hathaway, Salesforce, and a few lucky early investors have made billions on the listing. Loup Ventures’ Doug Clinton explains the hype and the hope surrounding this still unprofitable cloud company. Peter Wagner, a venture capitalist who got in on the ground floor, explains why a bet on Snowflake is a bet on data. Moderna CEO Stephane Bancel shares the drugmakers approach to safety and protocol in the race for a Covid vaccine. Plus, a healthy debate about crony capitalism, and a craving for Krispy Kreme.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast. A step ahead in the race for a COVID vaccine,
0:09.9	Moderna CEO offers an update on safety and trial protocol.
0:14.0	We care deeply that this vaccine is trusted by the public, by clinicians and nurses around the
0:18.9	country, so it is used.
0:19.9	You will be of course a big waste if we work so hard and people don't trust the safety.
0:25.0	A blizzard in September, Wall Street's biggest software IPO ever from a still
0:30.0	unprofitable company few had heard of until this week, seasoned tech watcher Doug Clinton.
0:35.0	I think you can see the necessity for software solutions like Snowflake increased by 10X over the next 10 years.
0:42.0	And an investor who got in on the ground floor,
0:45.0	Wing V.C.'s Peter Wagner.
0:46.8	This is really one of the fundamental trends of our generation.
0:50.9	Those stories plus a healthy clash of minds and crony capitalism.
0:55.0	They like to mess with me in the control room circuit. I don't want to get you started on this.
1:00.0	If you're trying to bait me, you know my view.
1:02.0	It's Thursday, September 17th 2020
1:05.1	Squawk Pot begins right now. Good morning. Welcome to
1:08.8	Squawkbox right here on C. N. B. Sam Manja Ross,
1:11.0	soarken along with Joe Kernan and they brought Kelly Evans in to take to you know make sure that we we behave Joe
1:18.5	Andrew and
1:19.5	back you off today.
1:21.5	The studio. You can't into the studio. You're in the studio.
1:24.0	We're both in the studio.
	...

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