j.ersaw the choices. so, all right. >> look, i think elon -- they're able to achieve high production. true test, and i don't know if they can do either i think they have the. >> just making the point there have been hundreds of startups, and tesla has been ability to produce a lot of cars. and get positive cash flow very hard to do. >> i think ford has a get-musk division. >> probably everything he said was true sometimes with his tweets you don't know >> it was very commonsensical. now, you can saying it doesn't matter, but -- >> he's going to keep selling. >> i voted in a north korean election -- >> as robert frank and those have pointed out, he's got to sell to pay the taxes on this huge option position that he has. >> i'm sure people out there wealthier saying he almost had nothing left. >> what do you mean? >> because the government confiscated so much. >> even abigail disney said, look, i'll be glad to have the government take that money. >> i like that. >> and it can go towards ev

please welcome ll cool j!elly: you look so good! >> ll cool j: i feel good. it is >> kelly: you should. it's great to see you in person. it's been too great to see you too. we have been doing a lot of zooms a lot of suit tearing out a lot of screens. people in the building. what's up, real people? [cheers and applause] >> kelly: last time you were here you were giving fans or actual phone number because people were having problems during the pandemic. what was it like? did you get calls and texts? >> ll cool j: i got a couple of calls, and talking to people, birthdays, and just good vibes and energy, and when everybody was quarantined, i just wanted to make myself a little bit more available than i usually am and share some love and try to -- >> kelly: people need some. >> ll cool j: and that's what i did and it went well. >> kelly: how many people ask you out on a date? >> ll cool j: oh, boy. >> kelly: when you gave your number out i was like -- he is going to get blown out. >> ll cool j: that could go left r

the j church is a complex changebecause it not only affects j customers but all of our rail routes . the feedback we are currently operating the j church unjust on the service from church and market to the park and the feedback we've heard from customers is that this change has made it difficult to get downtown. people don't like to have to transfer . avery's concernsabout their pavement conditions which is being addressed . as well as some safety concerns related to the intersection of church and market. we also know through some of our technical analysis that the not having the j and the subway along with some of the other changes we've made is having a huge benefit to the reliability of service. and i'm just going to in the interest of time skip to slide 13 which summarizes some of the incidents. for j customers the travel time is about the same but they have to transfer. i think it's important to just fly back for many j customers this is not an improvement. having to make a transfer when youdidn't before can create challenges , it can create opportunities for trip breakdown. but

j&j stock is up almost five percentage points in the premarket. jones reported the news that j&j is planning to split into two public companies. they decided to make the change because businesses that customers and markets have diverse oh much in recent markets including during the pandemic and this will be the key for many people who will ask this question. according to the ceo, lawsuits for the baby power did not play a role in this decision. there will be a lot of people asking that particular question. lisa: how much are they trying to immunize with moderna and other pharmaceutical companies? i wonder how much of it stemmed from the pandemic and from there preeminence in certain developments of technologies. do theym want to focus onrna technology going forward? jonathan: it will take 18 months so this will take a while. the best part forward to ensure sustainable growth over the long term is to have the consumer business operate as a separate health care company. tom: we will have to see. this is a sterling company and i just looked at the de

if that is not the case with j&j, what are they doing?amien: i was pretty surprised about the news. when you think about historical messaging to the market, it is that we do well in this conglomerate structure. we give our business leads a lot of autonomy, they can utilize their cash for their own business. at the same time, there is probably a little bit more agility that the two companies could have versus one as a whole. that being said, i don't think this is going to create a lot of value and i don't think it really changes the dynamic of the growth trajectories of the two individual companies versus one company as a whole. still surprised by the move but it does follow the general trends we have seen in the big pharmaceutical landscape. if you remember back in the 1990's, these firms built into giant conglomerates of all sorts of different businesses. j&j has really booked the trend into focusing and staying into one entity. this follows the rest of the crowd with this news today. matt: does it may be a signal a market top that we ar

the j church is a complex changebecause it not only affects j customers but all of our rail routes . the feedback we are currently operating the j church unjust on the service from church and market to the park and the feedback we've heard from customers is that this change has made it difficult to get downtown. people don't like to have to transfer . avery's concernsabout their pavement conditions which is being addressed . as well as some safety concerns related to the intersection of church and market. we also know through some of our technical analysis that the not having the j and the subway along with some of the other changes we've made is having a huge benefit to the reliability of service. and i'm just going to in the interest of time skip to slide 13 which summarizes some of the incidents. for j customers the travel time is about the same but they have to transfer. i think it's important to just fly back for many j customers this is not an improvement. having to make a transfer when youdidn't before can create challenges , it can create opportunities for trip breakdown. but

j split. is that something you think about doing with your own business or do you prefer the keeping the parts together and the economies of scale and the cross pollination that you might have >> we're maybe ahead of the curve and announced a couple moths ago and spinning the diabetes care business happening in the new year and that will create a large oes pure play diabetes business on the planet delivers insulin to 30 million patients with diabetes around the world making 8 billion insulin delivery devices in that industry every year and has new solutions as the remaining bd is focused on the areas we just discussed. >> thomas, thank you for joining us big day for you. >> thank you for having me thank you. >>> take a look at the market. we are cutting some losses for the week the dow is higher by about 155 points s&p remains higher technology's in the lead warby parker's out with the first results as a public companies and investors appear to like what they see. we'll break down the numbers

j&j will give us that.ness, which is fine, but cpg businesses, they don't grow very much anymore whereas j&j's pharma is unbelievable i think it's been obscured by tylenol, but these brands that nobody -- you know, the football the cvs walgreens, they don't see anything special. >> the company that is spent time trying to beef of the the pipeline that can be a pretty tricky business. >> they have an unbelievable cancer franchise again, kind of lost in the whole shuffle. they've been given grants to doctors, because they've been probably the most open-minded of pharma companies they have a tremendous franchise, remember they've got the franchise which they share there is -- he talked about the $3 billion blockbusters, but the others that are not. i think some of those will be block blockbusters i think -- we make a joke about laser focused, but when you get the pharma business, i think you'll see the fastest-growing in the world they are really great at what they do. when i spoke to the chief scientist invol

j is that you get an avid and abv situation whatever j&j, ends up being. say an abbott is up 600% since that split and it's been a win-win for shareholders in both and i'm somewhat surprised to hear from your notes from our producers today that you are somewhat skeptical that this is the right move why do you think that? >> well, sometimes obviously a lot of this j&j, i think, is because of that talcum issue, the powder and the lawsuits that were around that versus their medical side of their business, scott, but this is one of those companies where, yeah, they'll try to release some extra value by doing this. we know third point is going after royal dutch/shell, obviously a completely different sector and to try to release some of that value and to me it didn't make johnson & johnson more interesting than they have before i'd trade this one, but it's not a core holding of mine >> steve weiss, what do you think of this? >> it's a great move and both to shield the assets in the pharma area and because of the talcum losses and more that are coming. we've see

this, of course, are some of the grand j&j is best known for.y, neutrogena, tylenol and band-aid all will become their own separate business, a $15 billion business compared with the $77 billion pharma and med tech business that will be left behind that business has the high-growth drugs for prescription drugs as well as medical devices which has been seeing a recovery since getting hit extremely hard during the pandemic the ceo joined "squawk box" this morning and predicted recovery going forward. here is what he said >> we do anticipate that the pent-up demand will be working its way back through the system. we are seeing signs of that as we speak, particularly here in the united states but also in europe and other places around the world. again, we think that represents significant opportunity, not only as we head into 2022 but in years beyond as well >> more broadly though, this move for j&j follows a lot of breakups within health care, kind of slimming down and really focusing on drugs. going back to the abbott abbvie split in 2013, also th

both for the trust we write about them all the time, if you're a member of the club the j&j breakup isthat grows fast and then a group of popular over the counter brands, whether it be tylenol or benadryl or neutrogena alone today, i think i have taken everything on this wall, every single one of them yeah, i mean, between this and that, well, probably too much graphic -- just check. anyway, when you ask people about j&j's pharma business, most don't even know that they have a superior organic growth that breaches 10%. that's remarkable. it's an old company. they have got solid eye care, heart disease, cancer franchises excellent medical devise business that acts for 35% of their sales. and when i saw these breakdowns, the first thing i said to myself was, why do they have to do this what's the point hey, j&j is a terrific company on its own, but i also know that the pharma and consumer products divisions have very little to do with each other at this point. sure, they have more in common than ge's cats and dog collection, but there's no real reason to keep these under the same roof, p

j. >> for some of us, there's a little bit of an emotional tug that it won't be j&j stuff anymore. >> the company says the split will allow each unit to focus better. >> we want to create two global leaders that has great potential today. but very strong plans for the future and the consumer business with iconic brands. >> reporter: brands like tylenol. when seven people died after taking tylenol that was found to be laced with cyanide, j&j pulled millions of bottles from shelves. but the brand has last some luster in recent years j&j has fought both sets of claims, and is trying to separate the body powder company into a subsidiary. it won't be j&j anymore, but the products are likely to change. >> if you like listerine, if you like tylenol, you'll continue to like it. you probably won't notice a big difference. >> meg, thanks. >>> americans quitting their jobs in record numbers that's what is topping cnbc's on the money. t a report 4.4 million americans quit their jobs in september with many americans demanding greater pay and flexibility. >>> the s.e.c. rejecting a big coin etf, sa

if you got moderna go to pfizer or j&j.ry that to minimize the likelihood or possibility of exacerbating your symptoms. we also know and i feel compelled to say this that when we are talking about reaction to a vaccine it is the protein products of the product itself the immune system is responding to.when you get covid it is the same proteins. your body would have the same reaction simply being exposed to covid. we have heard about myocarditis, inflammation of the heart that happens with the vaccine. it has happened to a much larger degree to people who have had covid. -it is a risk-benefit assessment but i applaud you for taking care of your parents and grandparents. that is a heroic job and i applaud you for protecting yourself and your family by getting vaccinated. host: thank you so much for the conversation this morning. guest: >> earlier today, three men were convicted in the killing of a 25-year-old, ahmaud arbery. the jury reach their verdict on the second day of celebrations, rejecting the claim of

tom: it is not the j&j those old or perceived. i cannot say enough about the snapshot of a company we think we know that we don't know. households, baby oil, the powder, it is 17% of the company. it is amazing how they have de -consumered over the last 20 years. jonathan: what are we looking at, $400 billion, $500 billion market cap? it will take 18 to 24 months to split it up. tom: i just can't say enough about how the margins falter net income. jonathan: with this is john boivin -- is jean boivin of black rock. can you build on that for us? jean: as you mentioned, some are being brought pretty aggressively into 2022 now. we might see a hiking cycle in 2022, but ultimately, what is very unusual in this cycle is that the cumulative response to this kind of inflation that we haven't seen in 30 years would be much more muted, and that is going to remain very low. it is where the risk of confusion is, we think. tom: what does the fiscal impulse of this natural disaster, this pandemic, it is not in the textbooks, is it? jean: it is no

that is the adenovirus vector vaccine, either astrazeneca or j&j.you get the mrna pfizer armor donor, there is no risk with clotting for those vaccines, and the risk of clotting is very small or general. if you got one j&j followed by another experience so far, it has not increased the risk of clotting over all, but we will continue to follow that. kristen: all right. how is the vaccination effort going for kids 5-11 in california? they just became eligible to couple weeks ago? dr. chin-hong: california is going gangbusters. already, 1 in 10 have gotten vaccinated. but if you look around the state, 10% of the kids in l.a., 40% in marin county, 25% in san francisco. can you believe marin county, 40%? kristen: not surprising, that is marin county. cases are inching up nationwide as thanksgiving arrives. officials are not saying do not gather or celebrate, the message is more celebrate as safely as possible. what are examples of doing that as safely as possible? dr. chin-hong: it is kind of knowing who your group is. for example, if you are going to me

but did not disclose that to the public. >> thousands of people have sued j & j.s in judgments. >> johnson & johnson ordered to pay $55 million to a south dakota woman who blamed her o var kran cancer on the company's talcum powder. a st. louis joir awarded her more than 110 million. >> a jury awarding a california woman $417 million dollars. >> one single verdict for $20 women exceeded $2 billion. >> trevor: who we, that is a lot of lawsuits. you know you [bleep] up when your company is giving away more money than powerball. i get why it st happening. guys, you cannot be selling baby powder with absz action in it. people are rubbing the stuff all over their bodies. not to mention the cocaine dealers who mix it in with their products, now you got innocent coke heads snorting action asbestos, it is unacceptable. the experts at johnson & johnson, they have found a cure, but unfortunately, it is not a cure for the cancer, it is for the company's legal problems. >> johnson & johnson is filing for chapter 11 bankruptcy bsh bsh bankruptcy in hopes of what the company sa

up on this gigantic news it came straight down but that's not anything have 0 to do with j&j that's part of the seditious row dags i'm talking about for stocks like j&j and anything related to semiconductors. but we don't have a spike in interest rates which make's j&j 2.7% yield pretty enticing, especially since it has such a great balance sheet. this breakup happens to be the ceo's last major move at the job. so to anyone who's selling the stock here, will you please ask yourself, if you trusted goreski this far, how can you not trust him all the way? as i see it, the spin-off of a consumer products company, think band-aids, neutrogena, tylenol, that will be a consolidator in the industry more importantly the pure play drug business that will be left will be the fastest-growing big pharma company in the universe it should become an instant market darling its valuation has been held back by the consumer product that is being spun off, which is why j&j, despite its incredible growth, its great management, sells for just 16 times earnings think 12, 14, 16 what else? lately omnichanne

j.best friend? >> his former best friend. yes. >> in a romantic relationship now? >> at first craig didn't want to believe that there was a romantic relationship going on between them. and i think overtime it became painfully obvious that there was. >> i didn't know i was going to fall in love with laura. but that happened over time. >> does craig know about this? >> yes, craig sent me an email. >> what did he say? >> he says, i don't know if you found yourself in a damsel in distress situation or you just were helping, or you have a romantic feelings towards laura. either way, i'm happy. >> that's a big of him? >> i thought it was an interesting thing. i don't know what he was trying to elicit. >> it was certainly interesting to the homicide attempt of. but before investigator bolton could run down that juicy lead, he got some news. two counties over, a shovel had been left by the side of a road. 50 feet into the woods, a man's body was discovered. >> yates county 9-1-1. >> we discovere

whether it is combining j trains running only on the surface and j trains in the tunnel. there are infrequent trains that go down town. at least some for whom that is important. other trains only run on the surface just for biting the bullet and recognizing if we have a one seat ride that is the way to do it through the bus. we will let people get to downtown that way. i think there are other things to look at. what we have now is not really working for the valley and not for me. i want to thank m.t.a. staff julie, shawn, jeff for their time, their transparency, for meeting with folks many times and a dialogue how to make this go forward. chair borden i am sure up come up with the right answer in december. i want to thank you for willingness to engage with neighbors around 48, 35 and to try to figure out away. there have been winners and losers there as well to try to achieve agencies goals in terms of better service without unduly burdening folks in the neighborhood. that is my speech. my question is back in our working group conversation we spent a lot of time on the op

if you have a severe allergy to peg, the j&j vaccine should be very safe. kristen: before we got onto thanksgiving stuff, i want to ask you, what are the other conditions that could be brought on by covid, either short-term or long-term that people should be aware of? >> the most important ones for post-covid situations his long covid -- is long covid. it affects up to 30% of people. many people know somebody who might have it. we think that it is much more common to get long covid after -- if you are unvaccinated, you get covid, by more than two times compared to if you are having a breakthrough infection while vaccinated. that's an important issue. also the symptoms that people have with breakthroughs, if they do get symptoms, they are very different, no brain fog, may be some alterations of taste and smell might linger. some of these inflammatory conditions, let covid toe -- like covid toe, it could inflame your heart, etc. after covid has gone away, that is called mis-c in children and mis-a in adults. these are the symptoms post-covid that we look out

of j f. k. i revisited just remind us of the significance of the assassination before we get on to why joe biden, coverdell, the secret papers to clarify. and we have a 4 hour version of j of k revisited, which is a documentary just coming out next year in the usaa. and we have a 2 hour version wishes on showtime cable network in the united states. in england . i believe you're also in theaters and i believe later in the week you'll have a platforms, i'm not sure which platform it is, but in altitude is releasing. and then later in the early next year will be sky. you know, it's a tough one because united states is just very little mainstream coverage of this, of this film. very little. we knew that when we went to con film festival, we also went to dough meal. and we also went to rome, film festival, where we had much more press than we ever had in the united states. it's an interesting truth about this is a memory whole. we don't, they don't want to talk about it because our film raises substa

j church writers overwhelmingly supports action to restore the j church direct service to downtown and and the forced transfer at market street. this debate residentsdon't have to use alternative means of transportation , option 2 will eliminate driving of greenhouse gas emissions that add to climate change. only option 2 advances both of mtas service priorities for service. thank you. >> your two minutes begins now. i'm calling in support of optionto . the j line has been running all the way to the 10 for decades and businesses have both come to relyon it . it seems to me that if you're going to make the change it could curtail theservice . especially curtailment that has such impact on elderly and disabled people. if you want to be a very high level of data support to demonstrate that that is necessary and appropriate but in fact there is no technical datasupporting option one . a few weeks ago i attended a small virtual meeting convened by supervisor mandelman. thank you for setting that up but that meeting included a senior staff member of mta. i questioned that staff member and i

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whether it is combining j trains running only on the surface and j trains in the tunnel. there are infrequent trains that go down town. at least some for whom that is important. other trains only run on the surface just for biting the bullet and recognizing if we have a one seat ride that is the way to do it through the bus. we will let people get to downtown that way. i think there are other things to look at. what we have now is not really working for the valley and not for me. i want to thank m.t.a. staff julie, shawn, jeff for their time, their transparency, for meeting with folks many times and a dialogue how to make this go forward. chair borden i am sure up come up with the right answer in december. i want to thank you for willingness to engage with neighbors around 48, 35 and to try to figure out away. there have been winners and losers there as well to try to achieve agencies goals in terms of better service without unduly burdening folks in the neighborhood. that is my speech. my question is back in our working group conversation we spent a lot of time on the op

and so what j . p morgan is saying, is that, yeah, if the central banks have their own digital currency, so c, b, d, c's, they will be able to follow the trail that's already been blaze by crypto currencies create a much less expensive prospect for banks to be able to send money overseas, and basically they're bypassing that swift banking system. and there was always one of the most interesting things i found about crypto currency in general, when i started to learn about it was the importance of those cross border payments where remittances are so expensive. take so long when it can be done so quickly and easily traceable through the block chain. now, a separate report indicates that one of the biggest beneficiaries of cross border cbc networks could be the association of south east asian nations. why is that? yeah, because you essentially have about 10 different nations that are constantly having to change currency. they all have their own currencies. so there's a couple of things that happen. you

whether it is combining j trains running only on the surface and j trains in the tunnel. there are infrequent trains that go down town. at least some for whom that is important. other trains only run on the surface just for biting the bullet and recognizing if we have a one seat ride that is the way to do it through the bus. we will let people get to downtown that way. i think there are other things to look at. what we have now is not really working for the valley and not for me. i want to thank m.t.a. staff julie, shawn, jeff for their time, their transparency, for meeting with folks many times and a dialogue how to make this go forward. chair borden i am sure up come up with the right answer in december. i want to thank you for willingness to engage with neighbors around 48, 35 and to try to figure out away. there have been winners and losers there as well to try to achieve agencies goals in terms of better service without unduly burdening folks in the neighborhood. that is my speech. my question is back in our working group conversation we spent a lot of time on the op

there were about a handful of people who died as a consequence of the j&j vaccine. the point is, you have systems in place now that can actually detect events as rare as that blood clotting phenomenon of the j&j vaccine, which is 1 per 500,000 people, and the myocarditis which is 1 per 50,000 people. that's extremely rare and it's because of tragedies in the past that allowed us to monitor vaccines in this case, but again, i think you're right. i think we deal with an enormous level of mistrust. it's remarkable to me that 65 million people in the united states continue to not get the vaccine despite the fact the evidence it could save your life couldn't be clearer. >> as someone in the scientific medical community, what do you think our role is in communicating to the public? and what advice would you give to other researchers about what they can do to play their part to promote trust in the system? and make those systems trustworthy? >> i think actually the purpose for me in writing this book, to let people know that you learn as you go. you always learn as you go.

biden. coverdell the secret papers to clarify and we have a 4 hour version of j. k revisited.

j&j shares drove the dow up about 16 points but only about 2% here.s morning the company told investors a settlement stemming from litigation claims over johnson's baby powder, whether it causes cancer, that's separate from the announcement, apparently. the company has denied the claims. the pharma if unit will inherit the j&j name ask had been the larger of the two companies, 65% of sales and faster growing. okay, health care priorities, a shift to e-commerce, an interest in personal care, that's why they're doing it right now or that's why they say they're doing it right now. neil: but 3m could be next. they have to break into three companies -- >> reporter: otherwise it would not make -- 6 or 18? neil: we'll have to wait and see. that's your homework assignment. gerri willis following that for us. erin gibbs, get her take on this right now. very good market watcher. erin, what do you think of this trend that gerri was outlining? you know, there does seem to be a pattern here, could pick up the ace. how do these things usually go? >> you know, it's

j deal. >> i am going to defer to dr. kessler. >> i am getting the wrong spot. i apologize. thank you. >> congressman, you're right, this is the first, it may not have been the most doses that we shipped, among many of us, my colleagues, they are some of the most meaningful doses. to be able to get doses to people for whom no government program has ever gone before. i want to applaud her colleagues at j&j for working with us. we talk about donating doses, it sounds simple. with the regulatory, legal, all those things are important, because of the safety of this. those humanitarian centers, absolutely critical and very important. >> is there anything on the delivery side you can share, specifically more information on this j&j deal. i think you said small art that we would like, but so extremely significant that this is happening. can you share more on the details? >> no, we tend to talk tens of millions of doses, every 10,000 is a big deal. i will get you the delivery schedule if i could subm

and j. p . morgan, chase typically for example, has been supporting gas prom, which is a major player in the attic as a producer. and as a developer, there is no way j. p. morgan does not know that. so when they support gas problem with, you know, learn, for example, they are supporting their eval plans in the arctic despite the fact that j. p. morgan chase now has an arctic policy, and one among the other big bank is we have barclays with $13000000000.00 citigroup with around $12000000000.00. and then he bought the french bank with around $11000000.00. that $1000000000.00. sorry. and then investor wise, the leading the ones leading the pack back rock as per usual, black rock is always, heavily invested in the oil and gas industry. we also have been god and the french, i'm wendy, which is also a big player in the arctic. of course, there are many more in total we counted around $270000000000.00 invested in those 20 companies that are currently developing new oil and gas projects in the attic. so

and every year the private sector was borrowing roughly 5 percent of j t. a. to speculate on the stock market. that's what gave it the turbocharged economy, not the surplus, but the, the government. but the deficit thing, right. i was only allowed to borrow and gamble to, to me, finish beta over in gamble on the stock market. and over that period of time that private debt level rose more, more margin debt. okay. just to buy the gambling shares rose from what a pay to 13 percent of j k and then crash right back down again. that's what i was the great depression. now that sort of responsibility on the private side is the real where achilles heel of capitalism and worrying about the government's behavior is frankly identifying the wrong problem. and peter, i'm going to give you the final already a 32nd before we go to break here. yeah, the problem was the federal reserve was created in 1913. it was very easy money policies in the latter part of the 1900 twenty's, that inflated that stock market bubble and what it popped, what created the depression, was the inter

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got the j and j shot which i was proud to do. didn't have a reaction to either shot. >> pfizer is asking the fda to authorize it's covid booster for all americans 18 and older including those who got the moderna or the j and j vaccines. today state health leaders hammered home the stats if you were unvaccinated you are five time more likely to be infected. 20 time more likely to die. >> vaccines are the way through the pandemic. we are concerned about the winter. we are concerned about rising case numbers, pressure on hospitals from a number of other issues on top of covid. do what you can today to get your vaccine. >> and he said california no longer has the lowest case rate per capita as we used to. now we have the 16th lowest in the united states. back to you. >>> i'm beyond excited. >> kids five to 11 are lining up nationwide to get the ja b. officials say about 900,000 children will have gotten their first dose of the pfizer shot by the end of today. another 700,000 appointments have been made at pharmacies for upcoming days

while i am doing some work with j. p. morgan, where we think that they're in violation of, of their bank holding company charter the federal reserve requires bank holding companies like j. p. morgan not to own physical energy assets. and we've exposed a scandal where j. p. morgan, in fact, does control about a dozen power plants and even a monopoly utility called el paso electric. so the bat has been asleep at the switch on awful lot of things and we're seeing for from greater accountability and greater regulation over our energy market. right. i mean, that seems to be a great focus of the efforts. i mean, you can't build an economy like you can't build a house if everybody building the house has a separate yardstick, separate measuring tool to try to figure out how to build that house. you can have an economy if you've got everybody in the regulatory agencies applying different standards of the law. right? so there, there is clearly a re interpretation of, of statutory law going on by various regulators who have taken up

we're working with pfizer, moderna, and j avsh j -- j avsh j -- j&j to develop modifications to boosters if needed. and we'll make sure that c.d.c. reviews them as fast as possible while maintaining the rigorous protocols. the president has been clear that we will spare no effort to protect people. we have significant testing capacity to detect cases and based on their preliminary review, the f.d.a. believes the high-volume p.c.r. and widely antigen test will be widely effective in detecting the variant. we also have therapeutics to treat those who do get covid and our medical team is actively evaluating the efficacy of these against the new variant so we are prepared. since the emergence of omicron last week, public health officials and experts across the federal government have been working closely with the world scientific community. we're learning more every day and we'll share that information with the public. and later this week, the president will release a strategy outlining how we plan to fight covid this winter, building on the progress we have made. let me close with this. we