Squawk Pod 5 Things to Know Before the Opening Bell 11/10/2025
Nov 10, 2025
Pfizer impressively wins a bidding war for obesity drug developer Metsera, raising questions about future antitrust issues. FedEx and UPS are grounding their MD-11 cargo planes after a tragic crash at a Kentucky hub, highlighting safety concerns in the aviation industry. Meanwhile, major changes occur at the BBC as its head of news resigns amid controversies over edited Trump footage. Insights into how Visa and Mastercard may soon settle on interchange fees also point to shifts in shopping rewards programs.
AI Snips
Chapters
Transcript
Episode notes
Pfizer Wins MetSera Bidding War
- Pfizer outbid Novo Nordisk to acquire MetSera amid antitrust concerns that affected bidding dynamics.
- The competition underscores how hot the obesity-drug market has become and its multi-billion dollar valuations.
Diageo Taps Tesco Veteran As New CEO
- Diageo appointed Dave Lewis, former Tesco CEO, to lead the company starting in 2026.
- The hire signals Diageo is targeting experienced retail and operational leadership for its next phase.
MD-11 Fleets Grounded After Fatal Crash
- UPS and FedEx grounded over 50 MD-11 cargo planes after a fatal UPS crash in Kentucky.
- The move affects global cargo operations and highlights safety risks tied to aging fleets.