T-Mobile-Sprint, Pepsi CEO Departs, Jamie Dimon's Latest Wisdom, & More | Free Lunch
On today's episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights today's trending stories, including the departure of PepsiCo's CEO, Jamie Dimon's latest public wisdom, and Bluebird Bio's new partnership. Later, he recaps recent developments in the T-Mobile-Sprint merger and previews what the combined company might look like.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
This morning's top story was the surprise announcement that longtime PepsiCo PEP CEO Indra Nooyi is planning to leave the company's top position in early October. The widely-praised executive has grown PepsiCo's sales by 80% in her 12 years at its helm, and her departure leaves just 24 women in charge of Fortune 500 companies.
Ryan reflects on Nooyi's legacy in the business world at the beginning of the show.
Next, he discusses comments made over the weekend by JPMorgan JPM chief Jamie Dimon. The bank industry titan is certainly no stranger to public commentary, but it is not always that investors get such a candid perspective on today's market from Dimon. Make sure to check out the show to hear what he had to say about U.S. Treasury yields and bitcoin!
Later, Ryan discusses the new partnership between Bluebird Bio BLUE and Regeneron Pharmaceuticals REGN . The two companies inked a five-year deal which will include a collaborative effort to develop new cell therapies for the treatment of cancer. Regeneron will also invest $100 million in Bluebird shares as a part of the deal.
According to a source cited by the New York Post, US regulators believe three national 5G wireless providers are needed to ensure robust competition. That should spell good news for T-Mobile and Sprint, who argued that they would need to merge in order to launch 5G networks.
With this in mind, Ryan discusses the 5G revolution, how a combined T-Mobile-Sprint might look, and what investors might need to be worried about. Make sure to check out the show to hear more!
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