so elanco the global omni channel leader. that is also another way to keep the resiliency in this market and continues to grow. >> do you have anything for feline immunodeficiency virus? they had a vaccine in this country, took it off the market in 2017. would be a very big market. any chance? >> yeah, i can't speak specifically to that. what i would say is there's a lot of research going on in autoimmune, a lot in the bio space. >> do you guys do it or everybody's doing it? >> it's a target for a few of us as companies. what i will say, jim, is right now at elanco, back to the priority, six major blockbusters. we got a first entry into the auto, you know, immune kind of market. excuse me, the durham market. >> zoetis has done a good job in durham. >> growing double digits. it only has a couple options. it's the number one reason pet owners take a dog to the vet is an itching dog. we're bringing an be alternative, a differentiated asset with a jack 1 inhibitor. next year we'll have a monoclonal antibody. this is a market that

elanco is the number two player and i think there's a turn around story. about to get approval which will help spur better demand in the second half of the year. you have internal fixes at the company in terms of inventory changes and really cutting costs and price increases as well. this stock trades at 15 times. you can buy and own both of them. one is a turn around and one is an industry leader. i do like the $62 billion addressable market these companies have to capitalize on. >> this is the spinoff from eli lily for pets and livestock? >> that's right. as they get the products moving toward approval and it helping on the revenue side, you can expect ebita later this year. as they introduce the products and get more free cash flow, they can pay down that debt. >> stephanie, thank you for joining us. >> thank you. >>> coming up, a legal challenge for apple. steve kovack will join us to talk about the regulatory hurdles. >>> and later on, governor chris sununu will join us to talk about the new hampshire state primary which is happening tomorrow. "squawk

. >> i'm trying to -- i don't remember i'm trying to suppress laughter elanco, doesn't have great balanceheet, but it's about pets and jeff simmons is doing exciting things for those who have pets particularly if you have dogs, saving a lot of dogs' lives and an interesting guest. >> good show that was good. >> yeah. it was a good show. >> yeah. >> watch the japanese. it's like when they came in and wanted to by komag. >> remember when they bought rock center. >> i sold some of that in the deal. >> they didn't own it too long. >> no. sold to you, david. >> movie business, what didn't they buy. >> all right columbia, watch the columbia presentation yesterday. >> it is time to sell. can we sell the show to them. >> whatever -- bought everything in the end you kidding me >> see you at 6:00 p.m. eastern time dow trying to shave opening losses down 100. don't go anywhere. eward analysi, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. fresh, warm hot dogs! when i'm not selling