Squawk on the Street
Market Pullback, Novavax Skyrockets on $1.6B Vaccine Contract, Exclusive: UBER CEO, Faber Report
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Show notes
The “Squawk on the Street” team discuss the drop in stocks following Monday’s strong rally, as Covid-19 cases across the U.S. continue to surge. Atlanta Fed President Raphael Bostic telling the FT that the U.S. economic recovery will be “bumpier” as coronavirus cases continue to rise. Shares of Novavax skyrocketing, 45%, after winning a $1.6 billion dollar contract to develop a coronavirus vaccine. It’s the largest amount yet granted under the White House’s “Operation Warp Speed.” Uber CEO, Dara Khosrowshahi, joins the “Squawk on the Street” gang to discuss his acquisition of Postmates, its failed deal with Grubhub and future of the company. Plus, The Faber Report: David digs into Corelogic’s rejection of Cannae Holdings & Senator Investment Groups takeover bid.
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