UnitedHealth stock fell on a Wall Street Journal report that the DOJ is investigating the insurer’s Medicare billing protocol. Former FDA Commissioner Dr. Scott Gottlieb explains the nuances of the health insurance system, and he considers how the Trump administration will handle rising cases of bird flu. And big news from Coinbase: CEO Brian Armstrong says the SEC will drop its case against the company. Armstrong explains his approach to regulation in a new administration, the future of memecoins, and the merit in prediction markets. CNBC’s Robert Frank discusses the IRS plan to cut 6% of its workforce. Plus, Meta has approved a plan for bigger bonuses for some executives.

Robert Frank - 10:23

Dr. Scott Gottlieb - 18:40

Brian Armstrong - 32:57

In this episode:

Robert Frank, @robtfrank

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

President Trump has declared New York City “saved” from congestion pricing in a recent Truth Social post. President and CEO of the Partnership for New York Kathryn Wylde weighs in whether the state is his to save, and shares the pros and cons for the city’s plan. Palantir is plunging after the CEO Alex Karp unveiled his share sale plan, and President Trump is weighing a plan to offer DOGE dividends. Plus, Andrew Ross Sorkin has written a new book! “1929: The Inside Story of the Greatest Crash in Wall Street History” is out in October.

Kathryn Wylde - 21:28

In this episode:

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

New York Governor Kathy Hochul has met with NYC officials amid resignations and corruption and quid pro quo allegations in Mayor Eric Adams’s office. NYC Comptroller Brad Lander, who attended Gov. Hochul’s meeting and is currently running against Mayor Adams in the 2025 mayoral race, explains his concerns about a “leadership vacuum” in New York. Lander weighs in on immigration policy and the city’s future. President Trump has moved to expand the White House’s authority in his second term; UC Berkeley law professor and former official in President George W. Bush’s Department of Justice John Yoo explains the tension between the branches of government, as well as the constitutional implications of President Trump’s executive orders. Plus, DOGE’s power and 25% tariffs are brewing–and concerning–for pharma companies and autos. Happy Birthday, Andrew!

Brad Lander - 15:01

John Yoo - 32:58

In this episode:

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie