george scangos, ceo of biogen, joining us in san francisco.ll ahead, meet one of the investors who is going to bet $300 million on dov charney. he says the founder was wrong and is working -- was wronged and is working to bring him back. he joins us after the break. ♪ desk: back to our markets where julie hyman has a check out some of the company movers as we are losing a little bit of ground. julie: i do want to check on oil in my bloomberg to mineral -- bloomberg terminal. what you are seeing here is the s&p 500 in white coming down as oil comes down a little more sharply. oil is giving up all of its gains. the s&p 500 is hanging onto a gain of about half of 1% but it is definitely paring it as we see oil come down. that is the correlation we have seen in recent days. just something to keep an eye on as we came out of the gate very strong and that we are not nearly as strong in terms of .ocs we are getting into cursing -- earnings season, and alcoa came out with the actual numbers after the close of trading. sales down 18%. to company had a

tirrell is at the jpmorgan health conference in san francisco and she joins us with biogen's ceo george scangos. >> thank you so much. george, thank you for joining us. >> happy to be here. >> let's start with a border look at what's going on in kbooit right now. it's been a huff start of the year, do you happy this sort of negativity about the sector will continue or do you think we will come out of this? >> at some point we will come out of it. it can't continue forever because there are so many good things in the pipeline. i expect at some point the will be enough good news from new projects and data that things will turn around. >> do you find the apprehension is arrange the drug pricing issue. >> there is a lot of noise about drug pricing these days and i think that does concern investors and it should. look, drug pricing is a complicated topic and we've been criticiz criticized, other companies have been criticized for raising the price of our drugs over the years. people say with he need money to fund things in the future. we have raised our prices of our drugs and we did use that money