dollar the american gamer who's known. was one of many players from around the world competing in a packed stadium but usually host the u.s. open tennis. he's a rich man. all right you're watching the news coming up in business the u.s. pharmaceutical giant pfizer spinning off its biggest brands stevens going to be up next to tell you why then a more right after the break. what secrets why behind these moves. to find out even worse of experience and explore fascinating cultural heritage sites. d.w. world heritage 360 to see.

nothing. well i guess sometimes i. think. thanks to you consider german culture looking at the stereotype the question if you think the future of the country i'm not. needed to be fixed in this drama. it's all about. i might show joins me from the. post. at phil. some of the world's best known drugs could soon be under a new roof we'll tell you why u.s. pharma giant pfizer is spinning off its biggest brands. also on the show like it or leave it europe's top court rules against that ubiquitous facebook like button. on

external web pages. and europe's single labor market has mostly been a boom for member countries with weak job markets but some citizens are still off the books would mean a romanian day laborer who moved to italy. this is your business report i'm stephen beers in berlin thanks for joining us. u.s. drug giant pfizer is spinning off its older branded medications into a merger with generic drug maker milan and pfizer would have a majority stake in the new business which would both sales of $20000000000.00 annually and own the rights to some of the most familiar brands of the pharmacy including advil and cholesterol pill if it's worth all of which have lost patent protection making them less profitable the spin off would allow pfizer to focus on newer patent protected medications which are more profitable and it comes as u.s. drug companies face intense political pressure to lower their prices democratic presidential hopeful bernie sanders is campaigning against high drug prices in the

u.s. a pharmacy in canada he's joined by diabetes patients who cross the border with them to buy insulin one vial costs $340.00 in the u.s. and canada it's just 30. many americans are faced with skyrocketing pharmaceutical prices on a congressional oversight hearing in washington patients spoke of the impact the prices are having on their lives what are we willing to pay to save a life and well that's easy when it's your child's ability to live to breathe when it's your wife's diabetes when it's your own cancer the answer is anything but that's the wrong question. the question we should be asking is what is the right amount of money that drug companies should make on these drugs. pharmaceutical companies are under unprecedented attack us president donald trump has repeatedly criticized the drug makers for charging more in the u.s.

than in any other country the cost of medicine in this country is outrageous to bring prices down he wants pharma companies to include the list price of drugs and t.v. ads the idea companies will think twice if they have to advertise their medicine at extremely high prices reuters reports the trump is also considering an executive order that would cut prices on virtually all subscription drugs drug makers say lower prices could innovative research but opponents question this wherever the truth lies it appears that things are coming to a head. and let's go to our financial correspondent in new york jose luis de haro who is a a major pharmaceutical spinoff here what exactly does this do for pfizer. infighter is a case that stephen does deal is part of the company's goal to separate the new were dogs still protected by a patent in most cases a mature product which eventually lost dozer rights such as

a biography by doing these devaluation of whom you sold me own and magazines and from pfizer shooting. both the revenues and pfizer currently also in full rearrange mode after buying lots of bio pharma specialized in cancer treatments for over $10000000000.00 also to company combined consumer health business with glaxo smith kline we could eventually be a spoon to deal with pretty consistent with the current strategy it is also attractive from our financial standpoint pfizer it's a low was a mile and shares were down more than 75 percent from their 2015 peak before deal peroration was announced. we saw briefly there is such a price pressure on us pharmaceutical companies right now and that includes milan which is been criticized as well what does this merger do for them.

actually stephen mylan has been dubbed one of the most controversial publicly traded a health care company by some analysts prize over the most significant specialty drug was because of concern even among legislators here in the us before generic competition and speaking of generics a consolidation among drug buying groups has led to falling prices for manufacturers such as milan that's why the company has been trying to develop more complex generics and copies of biotech drugs because they lose to her with a look into a big health care story there thank you. alternative meat products company beyond meat saw its 2nd quarter revenue break passed estimates to more than $67000000.00 and that's $15000000.00 more than analysts had anticipated and beyond meat said it expects that trend to continue amid strong demand for the company's plant based burgers and sausages is forecasting a revenue gain of

a whopping 170 percent on its 4 year revenue to $240000000.00. you know that little facebook like button in the corner of so many websites well is but at the center of a very big court case in europe for several years now the question whether web sites need to inform visitors that that little button is sending data to facebook even when it's not activated europe's highest court today said yes they do take a look. it's yet another privacy depok involving facebook the social media giant detailed information about customers on brooke's fashion website fashion i.e. whether they like that or not here's how it went the online vendor displayed facebook's like button on its website once the 3rd party site was opened by unassuming customers the site sense data or facebook information on the user's ip address browser settings and browser history this process worked whether or not the

customer had ever clicked the like button now europe is making both the 3rd party site and facebook responsible for protecting the users privacy the use highest court had this to say about who has to act there but i did once the owner of a website in this case fashion id implements a social media plugin on their site they can be seen as responsible with regards to the safe keeping the transfer of any personal data. which means website operators are responsible for collecting and providing data while they are not responsible for social media platforms subsequent use of such data they have to give customers the chance to opt in to any possible distribution of their data. a cornerstone of the e.u.

is freedom of movement the right to live and work anywhere in the bloc of course that doesn't guarantee you a decent job some laborers turn to illegal work even though the pay can be pretty pathetic. it's 5 30 in the morning in buffalo on the outskirts of rome this is where day laborers wait for someone to offer them work most of them from rumania. event pulls over. one of the men climbs in discreetly of course the police could show up any minute. here the stay behind and keep on waiting most of the time in vain basically said construction sector is in crisis patrick under no you had no luck finding work this morning is unlucky streak has lasted for over a week now. the automobile and it would i'm off the

books all employers prefer that so they can avoid paying taxes insurance. they would rather take us in on the clear work or sometimes i don't get paid at all when you they say they'll pay tomorrow. and then you never show up again. if you're not in a good gamble money don't like the 63 year old world it has been trying his hand you have the years but with less and less success. he says a while ago his wife left him with their 2 children. since then he's been living at the edge of the city in this makeshift hart. every evening petra goes to bed early i have to wake up at 430 if he wants a chance of getting any work tomorrow. god what a curse of life this is. patrick andre neuer was looking for a better life when he set out from romania to italy many years ago this is where he

used to live in the village of s. no now his house is abandoned his family has moved away many other houses stand empty here the village appears deserted the local bar is the only place left with a bit of life in it here they remember their former neighbor great town they said there was no point staying here now he's earning his daily bread and everything else he needs. your record being. i think it's better to stay here. on our romanian fields at least here you can get some cheap cheese even if romania is poor but. this about. back in rome. like every morning patrick andriano you is up early driven by the hope of earning a few years as today. one of europe's biggest urban development projects is

finally getting the green light in madrid after over 2 decades of deadlock surrounding the 7300000000 euro scheme the sprawling site is is in the north of the spanish capital the plan centers around moving the shell martina underground train station to create a park over $10000.00 housing units and offices the city says will bring billions of euros into the region and create nearly a quarter of a 1000000 jobs. and that's it for me in the business team as with all of these stories you can find more online at www dot com slash business on facebook and twitter and even beardsley in berlin thanks for watching.

even from some sit. down to maximize profits for france terms of wrangled cultural much against all logic of sustainability or conservation. or who keeps track of the dreams. don't remove benefits from. 1000000000

euros. cusa and 60 minutes contact w. . i'm scared that the volume or that's hard and in the end is a me you are not allowed to stay here anymore we will send you back. are you familiar with this. with the smugglers what bias and. what's your story. ready on what numbers of women especially in victims of violence. take part and send us your story we are trying in all ways to understand this new culture. another visitor not the guests you want to become a citizen. in for migrants your platform for reliable information.

the tempo of technology. the rhythm of the market. the momentum of the morning were. made in germany. your business magazine on t w. this is news africa coming up in the next 15 minutes 10 years on end. will they ever be defeated they've just stage they did this attack so far this year at least $65.00 people are dead after armed militants sprayed bullets at mourners at a funeral a manhunt by the military is underway. and harvesting empowerment africa's

perma culture movement is empowering women in rural areas.