Apple CFO Steps Down, Bronfman Drops Paramount Bid, Lilly’s New Form of Zepbound 8/27/24

Jim Cramer and David Faber broke down some big news from Apple, including the company announcing its iPhone event for September 9, where it is expected to unveil new models for its phones and Apple watches. The company also announced its longtime CFO Luca Maestri will step down from his role January 1, 2025. The desk also discussed Edgar Bronfman Jr. dropping his bid for Paramount, clearing the way for the $8 billion Skydance Deal. After the opening bells, the anchors also hit Eli Lilly, slashing the cost of its blockbuster weight loss drug, in hopes to boost access and ease supply constraints. Squawk on the Street Disclaimer

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The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.