Shake-up at Peloton, Nvidia-Arm Deal Scrapped, Pfizer Slumps on Revenue Miss, Meta Extends Losses, and Neil Young Takes Aim at Spotify ... Again.

Carl Quintanilla, David Faber and Mike Santoli led off the program with big news involving Peloton: Co-Founder John Foley to step down as CEO and be replaced by former Spotify executive Barry McCarthy. Foley will become executive chair. Peloton also confirmed it plans to cut 2,800 jobs -- and reported a larger-than-expected quarterly loss. The anchors explored what it all means for Peloton's future and reacted to Foley's conference call comments about "missteps along the way." Tech M&A also in the spotlight as Nvidia abandons its deal to acquire chip designer Arm from Softbank, citing heightened regulatory scrutiny. Also in...