The Trump administration’s standoff with Harvard has frozen $2.2B in grants to the university. Representative Elise Stefanik (R-NY) is a Harvard alumna as well as Chairwoman of the Republican Leadership, and she’s calling to “defund Harvard.” For Rep. Stefanik, the government has a right to demand changes on campus and to withhold grant money. She discusses issues of free speech and antisemitism on college campuses. In his first interview since leaving office, former SEC Chair Gary Gensler weighs in on tariffs, negotiating with China, cryptocurrencies, and the betting markets. Plus, United Airlines is offering two profit outlooks, just in case the economy falls into a recession, and critical minerals may be the Trump administration’s next target for tariffs.

Elise Stefanik - 12:30

Gary Gensler - 31:11

In this episode:

Rep. Elise Stefanik, @EliseStefanik

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

The Trump administration is investigating semiconductors and pharmaceutical ingredients, the first steps toward tariffs in those industries. Former FDA Commissioner and board member at Pfizer and Illumina Dr. Scott Gottlieb shares his concern that if costs get any higher for generics like heparin, hydrocortisone, and amoxicillin, drugmakers might stop manufacturing them. Dr. Gottlieb explains America’s pharma supply chain through China and India, as well as the thin margins on some of the most commonly used drugs in the United States. The Trump administration ordered a freeze on $2.2B grants to Harvard after the university rejected the White House’s demands for changes, including to DEI programs. The move has sparked another debate about free speech on higher education campuses. Plus, the Chinese government has reportedly ordered Chinese airlines to stop buying Boeing aircraft, and DOGE cuts in DC have hit the workforce in Virginia. Governor Glenn Youngkin (R-VA) is still optimistic about his state’s future.

Glenn Youngkin - 21:21

Dr. Scott Gottlieb - 39:36

In this episode:

Glenn Youngkin, @GovernorVA

Dr. Scott Gottlieb, @ScottGottliebMD

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House’s tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration’s tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump’s tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC’s case against Meta, calling into question Facebook’s acquisitions of Whatsapp and Instagram.

Janet Yellen - 17:25

Lina Khan - 35:47

In this episode:

Lina Khan, @linamkhan

Kelly Evans, @KellyCNBC

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie