but this setback may not be as bad as it seem >> the save three trial failure is a blow to bristol myers squib and patients. still, some say things are aren't hopeless. >> i think bristol's down a little much. you would believe that the story today in long cancer for this particular drug from bristol myers, would never again raise its head in lung cancer. that's to say there would be no hope for bristol myers to be in lung cancer in the future and my sense is that's probably incorrect. >> news was a win for merck, who's competing drug succeed ed in a son s w shooting for a home run. trying to use an already successful cancer drug the to take on lung cancer. one of the highest unmet needs of all cancers and at least one analysts estimates the market at $12 billion. it's also the most common cause of all cancer deaths. according to the national cancer institute, so bristol myers went for the broadest trial possible with a bigger risk of failure. >> i think they would have similar outcomes. the trial in lung cancer . the reason for that is simple. the drugs are extraordinarily similar. almost ide

bristol-myers squibb moving in tandem. merck is up by 6%. the reason is because of bristol-myers squib. they said their lung cancer drug failed in late stage trials. merck has another cancer drug that is actually competitor for that. up by 5%, raising its full-year sales forecast there. and priceline up by 5%. second-quarter profit beat estimates because the number of hotel rooms booked across all its websites has been growing. interestingly, we were talking about the terror attacks in europe, that has had a muted effect on priceline. vonnie: fascinating. let's check in now on the first word news this morning. courtney collins has more. courtney: donald trump is dropping his claim that he saw video of the u.s. cash payment going to iran. the republican presidential nominee posted a tweet today saying "the plane i saw on television was the hostage plane in geneva switzerland. not the plane carrying $400 million in cash going to iran." trump said he saw video of the money being delivered. news conference at the pentagon yesterday, president obama dismissed the notion that the $400 million

. >> bristol myers squib shares plunged today, wiping out billions in market value as a high profile0 and the nasdaq closed at all time highs and for that, you can t

. >> bristol myers squib shares plunged today, wiping out billions in market value as a high profiledrag failed. >>> meet the electrician who started his own business and is now advising other entrepreneurs to become d more on nightly business report for friday, august 5th. >> good evening, everyone. the s&p 500 and the nasdaq closed at all time highs and for that, you can t