down to DC for some breaking news from our Emily Wilkins on the Hill. What do we know. >> Hey, Scott.Well, of course, we've been following this debate around the Affordable Care Act tax credits. They're set to expire really right around this time, and that is going to mean that for millions of Americans, healthc care premiums are going to skyrocket. Congress is, of course, rushing to find a potential solution on it.But Speaker Mike Johnson told members of the media today that he would not be allowing a prop ...

Data centers now under some growing pressure, not just in the markets, but also on Capitol Hill. Three Democratic senators, Elizabeth Warren, Chris Van Galand, and Richard Blumenthal are investigating big tech's role in rising power costs. Our dear DBosa is digging into that in today's tech check.Hey D. >> Hey, morning Carl. So, this opens up a new front of risk for the AI trade.Wall Street, yes, it's already started pricing in the financial side of the AI buildout, but what is not yet priced in is a politi ...

Financial Guidance - Pfizer projects 2026 sales between $595 billion and $625 billion, roughly in line with street expectations but flat compared to the expected $62 billion for 2025 [2] - The company's profit guidance came in slightly below street expectations, at $280 to $300 per share [2] Revenue Challenges - Pfizer anticipates a $15 billion decrease in revenue from COVID products in 2026 compared to 2025 [3] - An additional $15 billion revenue hit is expected from upcoming patent expirations of older drugs [3] Mitigation Strategies - Analysts suggest the guidance reflects costs tied to recent acquisitions, including the obesity biotech Mitsera [4] - Pfizer is targeting more than $7 billion in cost savings by 2027 to partially offset revenue declines [4] Market Perception - The market did not appreciate Pfizer's 2026 guidance [1] - COVID weakness and deal dilution are still impacting Pfizer's performance [5]

Sarah Naan Terano, a global head of capital markets, private wealth management, capital markets at Goldman Sachs private wealth management. Sarah, thanks for having us in. It's great to have you.>> Thanks so much for having me. Happy to be here. >> So, we talked to Ashook at the top of the hour about a pretty constructive house view on 26, which I'm assuming you share to some degree.Yeah, >> I do. Um, I think for all the reasons Ashoke said, we're quite constructive. I think, you know, if you look at what o ...

Ron Baron details his long relationship with Elon Musk and Michael Baron outlines companies he’s watching for the coming years. ...

Here with me now at the Goldman Sachs trading floor in a CNBC exclusive is Goldman's co-head of global markets and banking Ashook Verdon. It's become a little bit of a tradition to do this at the end of the year. >> Yeah, welcome back to the trading floor call.>> Thanks for having us Ashook. So the Hasset view is kind of rhymes with what you what you what you believe will happen in 26 and that is growth can accelerate and we'll we can get back to target. >> Absolutely.uh you know maybe for a little bit diff ...

ELECTRIC VEHICLES. AND THEN THERE'S TESLA SHARES NEAR THEIR HIGHEST LEVELS OF THE YEAR, AS IT TESTS AS TESTS FOR ITS DRIVERLESS ROBOTAXIS GET UNDERWAY IN TEXAS. JOINING US NOW WITH HIS THOUGHTS ON ALL OF IT IS STEVE WESLEY, FORMER TESLA BOARD MEMBER AND FOUNDER OF THE WESLEY GROUP.STEVE, ON FORD, YOU KNOW, THE $19.5% BILLION WRITE DOWN, I THINK IS THE MOST VISIBLE SIGN OF THIS PIVOT WE'VE SEEN U.S. AUTOMAKERS MAKE AROUND EVS. WHAT DO YOU THINK IS THE PRIMARY DRIVER. IS IT WHAT CONSUMERS WANT. IS IT THE REGU ...

We are getting a news alert on Instagram. For that, we'll turn to Julia Borston. Hey, Julia. >> Hey, Carl.Well, Meta is making its first move onto the TV. And Instagram is launching its first Instagram for TV app, taking on YouTube. Instagram for TV will autoplay reels customized based on users likes. Users can also explore reels and channels based on categories.Now, while Meta says the app will launch without ads, it will eventually add them. >> Right. short form content is doing well on TV.People are enjo ...

The IPO of medical supply company Medline expected to price tonight. It could be one of the largest debuts we've seen in the public markets this year. Leslie Picker tracks all that action for us.What are we expecting. >> Yeah, it feels like 11th hour here. >> I remember when these guys wasn't that long ago went private, I guess.Right. >> Right. Back in 2021, they went private during kind of the heyday of LBOS's and the pandemic.Obviously, medical supply company. Uh you can see why that was an attractive buy ...

$ 107 billion. That is the estimate from Swiss Rest institute for insured losses from catastrophes around the globe this year. 83% of those losses happened in the United States with the LA wildfires becoming the most expensive wildfire event in history.Severe convective storms with wind, hail, and tornadoes are also driving the losses. And Swiss Revention, protection, and preparedness are crucial. Insurers are really sharpening their focus on mitigation, the ways that customers can lower their own risks.Whe ...