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Luke Vargas

👤 Speaker
6392 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Bitcoin is today trading right around that price.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Shares of Danish drugmaker Novo Nordisk are plunging this morning after the maker of weight loss drugs Ozempic and Wegovi shaved its sales forecast yesterday.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

and warned of unprecedented pricing pressure.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Journal Heard on the Street columnist David Wehner told me that Novo is facing intense competition from Eli Lilly, reshaping a GLP-1 drug market that looked vastly different just a few years ago.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

David, these GLP-1 pills may be, as you say, an exciting new frontier, but the list prices we're seeing for them kind of underscores the pricing pressure you've been talking about.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Novo selling them for $149 a month in the U.S., Eli Lilly planning to do the same.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

That's a far cry from the $1,000 or so a month that these companies have been charging for shots.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Eli Lilly, the maker of Zepbound, is set to report earnings later this morning.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Coming up, we'll look at President Trump's diplomatic pivot with Colombia and why China is banning retractable car door handles.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Those stories and more after the break.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

President Trump is doubling down on his view that Republicans should nationalize voting in the U.S.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Flanked by congressional Republicans in the Oval Office, Trump hit out at battleground states as places of alleged corruption without citing specific evidence and questioned whether they should continue to run their own elections as the Constitution spells out.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Democrats and top Republicans in Congress have opposed Trump's suggestion.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Meanwhile, President Trump appears to have backed off threatened military action against Colombia.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

After a year of trading insults and feuding over counter-drug and immigration policy, Trump welcomed Colombian President Gustavo Petro to the White House yesterday.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

The press were blocked from their Oval Office sit-down, but Trump called the meeting productive, and Petro emerged from the White House with a red MAGA hat in hand, saying that things had ended on an optimistic and positive note.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

Officials have been working behind the scenes for months to reset relations with one of Washington's most important security partners in Latin America.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

And finally, could retractable car door handles soon go the way of the Dodo?

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

The staple of many EVs meant to increase aerodynamic efficiency are facing increased safety concerns.

WSJ What’s News
Why AI Fears Are Suddenly Hitting Tech Stocks

And authorities in China this week banned their use starting next year, saying that new cars would need to have both internal and external handles that can be mechanically opened.