Squawk on the Street FDA Approves Novo Nordisk's Wegovy Pill, ServiceNow CEO on $7.75B Deal, Q3 GDP Jumps 12/23/25
12 snips
Dec 23, 2025 
Bill McDermott, CEO of ServiceNow, chats about his company's bold $7.75 billion acquisition of cybersecurity firm Armis. He highlights how this move enhances visibility across IT and IoT, bolstering ServiceNow's growth. The conversation also dives into the implications of the latest FDA approval for Novo Nordisk's Wegovy pill, and how it's reshaping the obesity treatment landscape. McDermott further discusses industry headwinds and the importance of partnerships with tech giants like Microsoft and Google.
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ServiceNow Expands Security Footprint
- ServiceNow is acquiring Armis for $7.75 billion to add deep cybersecurity and asset visibility to its platform.
- Bill McDermott frames the deal as expanding ServiceNow's control tower across IT, OT and IoT environments.
Acquire To Accelerate Strategic Growth
- Use acquisitions to accelerate strategic capabilities even when organic growth is strong.
- Bill McDermott says bolt-ons like Moveworks and Armis speed global expansion and AI-driven consumption.
AI Shift Compresses Software Multiples
- Software multiples have compressed amid AI-driven shifts, but ServiceNow argues its 'rule of 50' growth distinguishes it.
- McDermott points to uptake in AI agent consumption and hybrid licensing as future revenue drivers.
