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

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