bob evans is considering either converting to a real estate investment trust or otherwise known as reit and they will make a decision within the next few months. shares were up 3% on the news. >> big shares for eli lilly. big move in a short period of ti for a big pharmaceutical company. there you see it. many say it has to do with the experimental alzheimer's drug. >> reporter: alzheimer's disease has been a particularly challenging area for the pharmaceutic indus with drugs failing in the late stages of trials. this disease affects more than 5 million americans so excitement has been increasing around experimental drugs. >> it had what i would say is a checkered past. failed to hit the primary end points. >> despite the setback in 2012 lilly identified a group of patients for whom the drug appears toe working. >> they considered to be mild and moderate alzheimer's patients. they appear to be responding better than patients who have had the disease for a long period of time. the inanapolis drugmaker is focusing on that patient group in clinical trials. the key study expected to report

bob evans says it is exploring the same moves, but investors are certainly happy about it.is part of the agreement the company made, the activist investor that has pushed darden very successfully for changes. within theside restaurant group, we are looking at sonic, the fast food drive-through restaurant chain down by 11% today. company sales were relatively strong. the new franchise stores this year would he 42 to 47, versus 50 to 60 that investors were acting. take a look at my bloomberg terminal for a minute. i want to look at same-store sales for sonic. we actually saw an increase in same-store sales of 6.1% compared you can see it is an outpacing overall fast food. that has been the trend. sonic has done better. it is interesting this time around it esther's are not focused in on the relatively rapid growth in comparable sales, but rather on store openings and new restaurant openings this year. betty: it is interesting. it seems investors are focused only on sales for other fast. ok. thank you so much, julie hyman. action, it than that has been a relatively quiet year

. >> bob evans with a beat. >> a good beat. frankly there's inconsistency in the results here so the stock sup, it's not up that much. i think the reason is because it is pretty expensive, about 26 times forward 12-month earnings for a company that has somewhat inconsistent earnings, i think can you hold it here, but i wouldn't initiate a position here, it's too expensive. >> joe, i feel weird giving this to you and not to pete for obvious reasons. >> obvious to everybody watching. the guy looks like he could be jesse the body. >> well maybe the najarians got signed as a new tag team wrestling duo. >> that almost happened at the end of my football playing time. >> world wrestling entertainment initiated with a buy, btig, joe? >> what category is this if i'm a money manager? is this entertainment? >> entertainment. >> so i -- i'll ignore some of the other names and go with this one. this stock had an incredibly volatile 2014. up to 30, go down to 10. i don't like stocks that make that kind of move. yes it's at 16 right now if th

mcdonald's and bob evans farms. i think it's an important announcement on two fronts from darden.et's talk about ipos and secondaries. i said last week this is the biggest week of the year for ipos, but it's been dwafred by secondaries. ten secondaries overnight and con tear to opinion they're not just using it to pay down debt. there's a lot of acquisitions particularly in the energy and real estate fields. here's four of them. southerly hotels they're using their proceeds to buy hotels. a big interest in crowd plaza, hollywood beach. gas log partners they're buying l and g carriers with their secondaries. new senior investment, they operate senior housing properties. they're buying more senior housing properties. white stone is a reit that owns community centers. they're acquiring properties more community centers as well as paying down some debt. i know there's been a lot of complaints about buybacks are not a good sign because nobody is going out and buying anything but this enormous title wave of secondaries that has been going on for almost a year now is continuing and with

. >>> bob evans farms is considering converting to a reit or selling and leasing back its restaurants. the company will make a final decision in a few months. >>> let's look at the house floor where minority leader nancy pelosi is in the well of the house, talking about trade promotion authority. basically, the bill that the house will turn to very very soon -- and when it does we will bring the results of that vote and analysis to you. the trade promotion authority bill would basically allow the administration to negotiate a trade pac with some asia pacific nations, and then bring it to a vote on a straight up or down with no amendments. that's the issue that's being debated here. generally the people on the gop side favor this bill and more people in the president's own party are against it largely because of opposition by labor. again, whether that vote takes place -- and we expect it soon -- we will have it for you. mandy. >>> in the meantime, check out the biggest losers on the s&p. this hour down about 2%. let's take a look. you've got, for example, marathon petroleum, vertex ph

let's bring in our justice reporter evan perez, our cnn law enforcement analyst, tom fuentes and bob r our security analyst. evan what are you hearing from your sources about this suspect shot today in boston? >> well wolf the fbi and the boston police who are part of the joint terrorism task force in boston noticed changes in his behavior recently. we're told that they had seen some of these posting, some of the social media postings and frankly some of people he was associating with and they had increasing concerns that perhaps he was moving from just being radicalized by isis perhaps consuming some of the propaganda that we hear about and moving to perhaps carrying out or planning an attack. that's the reason why the officers today and the fbi went to try to talk to him. they certainly didn't expect him to have the reaction that he had, taking out a knife and prompting the officers to shoots him. now, wolf he's one of hundreds of people like this that the fbi is now keeping an eye on. especially in light of the attack last month in garland, texas. >> what do we know about the two a

bob. this is a critical weekend coming up before that summit meeting on greece on monday. stay tune forward that and much more on the second hour of "closing bell" with kelly evansweekend. >>> thank you, bill. welcome to "closing bell." i'm kelly evans. a big weekend ahead of us that could bring interesting turns of events in greece. dow jones industrial average going out of the triple digit decline, dropping 105 points at the close. that's about 0.5%. s&p down about 11 points. nasdaq which closed in record high territory, today giving up about 15 points. joining today's panel for more thoughts, evan newmark and kate kelly. welcome. for more we have mike santoli and guy adami. let me start with you. yesterday we were talking about what a positive tone there was in the market shrugging off some of the greece news. what do you make of the giveback today? >> it's been the pattern, you get to the top end of the range and people see it as an opportunity to rest and pull back. subtle rick off action underneath the surface today. high-yield bonds, underperformed high grade bonds. seemed like a general softening. it's hard to make a case i think, that the market is radi