thank you, alan gayle. valeant ceo mike pearson returning to work, bowing to set the right tone and transparent -- champion transparency. so why is he holding calls with only select analyst? 40% from backup over february. stephen schorl brings his take. ♪ carol: it is time [no audio] [no audio] it's time for the bloomberg business flash -- a look at the biggest stories in business right now. president obama is fielding criticism from the left and right. meeting with financial regulators, he says the changes enacted in his tenure have worked. of wall street reform, our financial system is safer than before the crisis, and is much better that to sustain and any systemic woes that may occur not just within our borders, but within the international financial system. dodd-frankays the lawn named the financial system more secure and implemented consumer detections, and did not hurt the economy. speaking of wall street, the average bonus fell 9% last year, according to estimates from the new york state come trolle