Trump vaccine order faces major hurdle
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What is the main topic discussed in this episode?
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon. Today is Thursday, August 13th, and I'm your host, Kim Kahn.
Why does President Trump's executive order to split the MMR vaccine face a major hurdle?
Our top story so far, President Donald Trump's executive order aimed at splitting the combined measles, mumps, and rubella vaccine faces a major hurdle. None of the individual shots are currently licensed in the U.S., Only Merck and GSK are licensed to make combined MMR shots for U.S. patients. Merck stopped manufacturing individual vaccines for the three diseases nearly two decades ago. Both drug makers have said there is no published scientific evidence supporting the separation of the MMR vaccine. Even under current expedited review pathways, it could take years, potentially as many as 10, to meet the safety and efficacy requirements to obtain FDA approval and then begin manufacturing and commercialization of single-disease shots, Merck said.
A White House official said the government would work with the private sector to develop separate vaccines, relying on market-based solutions.
How did July's producer price index come in cooler than expected and what does it mean for inflation?
Looking to the economy, the July producer price index came in cooler than expected, flat versus forecast for a 0.2% rise. The annual rate fell to 4.7% from 5.5% as energy prices slumped. Core PPI rose 0.2% on the month, a touch lower than the 0.3% expected. That brought the annual rate down to 4.2% from 4.7% in June.
What does IBM’s partnership with OpenAI mean for enterprise AI deployment and cybersecurity?
Odds of a Fed rate hike in September fell further after the release. Among active stocks, IBM is partnering with OpenAI to help enterprises deploy AI at scale and bolster cyber defense through programs like OpenAI's cybersecurity platform Daybreak.
Is Jack in the Box showing signs of a turnaround under interim CEO Mark King?
The company said the collaboration embeds OpenAI frontier models like GPT-5.6 and agents like Codex and ChatGPT Work into IBM Consulting Advantage, IBM's AI platform for delivering consulting services to clients. Jack in the Box is rallying for a second session as investors and analysts look for signs of a turnaround under interim CEO Mark King. TD Cone analyst Andrew Charles says he's encouraged by the progress in the Jack on Track initiative, including lowering its leverage ratio and pruning underperforming stores. But he adds the company still has its work cut out for it in a difficult quick-service burger category and against a challenging lower-income consumer backdrop. And Big Short investor Michael Burry is adding to his short bets on Nebius, Micron, Oracle, and the iShares Semiconductor ETF.
Burry said Nebius, which rallied 34% on Wednesday after earnings, is what the top of a boom looks like.
Why is Netflix streaming the MLB Field of Dreams game and what other sports streaming deals are they pursuing?
And in other news of note, if you stream it, they will view. Netflix will show baseball's Field of Dreams game between the Twins and Phillies tonight. The exclusive broadcast is part of Netflix's three-event MLB package, which also included opening night and the home run derby. The game marks MLB's return to the historic Iowa venue after a four-year hiatus from renovations. In addition, Netflix is keeping the festivus spirit alive with five more years of Seinfeld. The streaming giant renewed its licensing deal with Sony to continue carrying all nine seasons through 2031, while Paramount's Skydance renewed its basic cable deal with Sony for another three years. Terms of the deal were not disclosed. Not that there's anything wrong with that.
That's all for today's Wall Street Lunch. Look for links for stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com. And make sure you're getting the most out of your portfolio with quant, news, and analysis by heading to seekingalpha.com.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:02–0:14
2
Why does President Trump's executive order to split the MMR vaccine face a major hurdle?
0:14–1:03
3
How did July's producer price index come in cooler than expected and what does it mean for inflation?
1:03–1:25
4
What does IBM’s partnership with OpenAI mean for enterprise AI deployment and cybersecurity?
1:25–1:40
5
Is Jack in the Box showing signs of a turnaround under interim CEO Mark King?
1:40–2:35
6
Why is Netflix streaming the MLB Field of Dreams game and what other sports streaming deals are they pursuing?
2:35–3:33