Morning Brew Daily
Did DeepSeek Steal From OpenAI? & The Fed Holds Interest Rates Steady
Thu, 30 Jan 2025
Episode 508: Neal and Toby recap earnings reports from Meta and Microsoft that show business is well and good, while Tesla is still struggling to get out of its rut. Also, Microsoft is looking into if DeepSeek improperly stole OpenAI data for its training model. Then, the first Fed meeting under Trump happened and it looks like rates… Are… Staying the same. Fed Chair Jerome Powell thinks it’s too early to make any sudden moves despite public demands from Trump. Also, RFK Jr. sits before the Senate during his confirmation for Healthcare Secretary pick. Meanwhile, Neal shares his favorite numbers on Super Bowl ads, Bruno Mars, and the sickest trick from the X Games. Lastly, final headlines to end your day! Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices
What did OpenAI accuse DeepSeek of?
and Big Ag for contributing to the unhealthy lifestyles of Americans. Neil, his nomination teeters on a razor's edge. If all Senate Democrats vote against his nomination, as is expected, then he can afford to lose only three Republican votes.
This is a huge position. He would be the nation's top health official. He'd run a sprawling bureaucracy, 13 divisions, 80,000 employees, a budget of $1.7 trillion. The agencies under his purview would be the CDC, FDA and FDA, things like that. And what would he be in charge of? Well, well, agencies that decide which drugs are safe and effective.
The agencies that investigate foodborne illnesses, prepare for pandemics, funnel tens of billions of dollars into scientific research. So you can see why the senators, especially Democratic ones, has had a lot of sharp questions about his past views, often with baseless claims that vaccines caused autism. Those are views that fly in the face of the agencies that he would oversee.
Right. So that is why he kind of tried to steer the conversation towards this idea of this objective of making America healthy again. But he did kind of stop short of saying, I'm going to take unhealthy foods off the shelves. He did say that he would do more to explore the link between unhealthy foods and disease, but he doesn't want to actually take those foods away from everyone.
And one of the reasons why is because he said, if you like a cheeseburger, A McDonald's cheeseburger or a Diet Coke, which my boss loves. His boss, obviously, presuming to be Donald Trump. You should be able to get them. So that caused kind of a laugh to ripple through.
But it does show kind of the juxtaposition of his healthy initiative and maybe some of the things that Donald Trump has been famous for eating. Another thing that... people and the senators definitely wanted to press him on was his knowledge of Medicare and Medicaid because, again, Medicare and Medicaid affect 100 million people in the United States.
And he was pressed on just his familiarity with the organization. He said some things about premium and deductibles that didn't really apply to many of the enrollees that he was speaking of. So there was a former Doctors of America president that was sitting there in the first row and And she said it was clear from watching that he did not know basic facts about Medicare and Medicaid.
And he argued that a lot of the things he was describing wasn't even as purviewed together. So definitely some criticism of this. But the first of another hearing, it's just the first confirmation hearing. So there will be more to come.
And another moment of levity during a very tense hearing was when Bernie Sanders hauled up a photo of a onesie, a baby onesie that was made by Children's Health Defense, which was the nonprofit that Kennedy founded. And on this onesie, it says, no vax, no problem. Sanders asked Kennedy, are you supportive of these onesies? And he said, I don't have anything to do with this nonprofit anymore.
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