OpenAI expects Elon Musk to make 'outlandish' claims leading up to trial in April

Watch on YouTube ↗  |  January 16, 2026 at 12:35  |  1:27  |  CNBC
Speakers
Becky Quick — Co-Anchor, Squawk Box

Summary

CNBC's Becky Quick reports that OpenAI has warned investors and banking partners that it expects Elon Musk to make outlandish, attention-grabbing claims before an April trial over its for-profit conversion. Musk's lawsuit argues he is owed billions tied to intellectual property developed from his contributions, and the case has cleared procedural hurdles. Quick also reports that President Trump has outlined a broad 'Great Health Care Plan' intended to lower drug prices and insurance costs, largely by codifying recent drugmaker deals that trade price cuts for tariff relief, while leaving details to Congress.

  • OpenAI warns Musk may escalate rhetoric ahead of April trial.
  • Musk sued after OpenAI converted to a for-profit entity.
  • Musk claims billions tied to IP from his funding.
  • Case has cleared last hurdles and appears headed to trial.
  • Trump unveils broad 'Great Health Care Plan' outline.
  • Plan aims to lower drug prices and insurance costs.
  • It would codify drugmaker deals cutting medicine costs for tariff relief.
  • Plan is light on details and Congress would decide specifics.
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