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Sep 2, 2014
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for "nightly business report", i'm meg terrell. >>> coming up, some of atlantic city's casinos start shutting the doors taking thousands of jobs with them. what is next for the struggling city by the boardwalk? >>> opening statements began in detroit's bankruptcy trial. at stake, whether billions of dollars in debt can be restructured and at the heart of the contested plan, pensioners would be paid more than the we've been telling you about atlantic city and today the casino shut the doors after two years in business. it is the third casino to fold in the struggling gambling mecca. morgan brenham looks what is next for the city and the famous boardwalk. >> reporter: it's the end of summer and in atlantic city, the end of an era as the show boat casinos close down. >> it's so emotional. i think it's sure real. i don't know if it hit me. >> when you lay people off, crime comes. >> reporter: more than 5,000 jobs were lost labor day weekend and when trump plaza closes later this month, another 1100 will be unemployed. factoring in third-party vendors, 7,400 positions will be lost, a quar
for "nightly business report", i'm meg terrell. >>> coming up, some of atlantic city's casinos start shutting the doors taking thousands of jobs with them. what is next for the struggling city by the boardwalk? >>> opening statements began in detroit's bankruptcy trial. at stake, whether billions of dollars in debt can be restructured and at the heart of the contested plan, pensioners would be paid more than the we've been telling you about atlantic city and today...
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Sep 23, 2014
09/14
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. >> meg terrell has a statement.ill release any impact following complete review." >> when i spoke to st. jude. st. jude was upset by this because it was such a competitive coup. jack lew doing the right thing in terms of trying to make the competition be leveled again. >> if you already inverted, it's not level for anybody who hasn't. bob willen. >> said nothing can be done. we are a hapless, pitiful, helpless giant in the face of the tax code. who said that? >> i don't know. >> it's a variation of nixon. >> alexander hamilton? willen this morning in a note released said he doesn't believe the new rules should invoke the provision of the medtronic deal that allows the parties to walk away. these rules will not result in medtronic being treated as a u.s. corporation which we understand is the only condition that permits the no-fault aggregation of the deal. when you change the economics, when you impact their ability to access their overseas cash, some of these deals can go from accretive to somewhat dilutive. that c
. >> meg terrell has a statement.ill release any impact following complete review." >> when i spoke to st. jude. st. jude was upset by this because it was such a competitive coup. jack lew doing the right thing in terms of trying to make the competition be leveled again. >> if you already inverted, it's not level for anybody who hasn't. bob willen. >> said nothing can be done. we are a hapless, pitiful, helpless giant in the face of the tax code. who said that?...
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Sep 11, 2014
09/14
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but our pharma reporter, meg terrell, knows hi. hi, meg. >> that's right. the drug is the third obesity pill to hit the u.s. market in two years. it could be tough going. analysts say a few things may be weighing on shares. first the fda required a number of post-marketing stutdys. it said it will run a new trial to assess the cardiovascular effects. jpmorgan said that could cost up to $200 million. the fda is keeping a close eye on the safety of obesity drugs given fen-phen which was pulled from the market. that's one reason it's been an uphill battle. so investors may be skeptical about prospects. we could be seeing a selloff into the launch. nonetheless, orexigen is partnering. wells fargo, jpmorgan and others all have buy ratings on the stock. >> meg, thank you so much. >> thank you. >> appreciate it. ty, down to you. >> sue, thanks. >>> it's a big story that's not drawn too much attention of the markets so far, at least not this week, but one major investor is quite concerned. billionaire george soros is one of many weighing in now on scotland's propos
but our pharma reporter, meg terrell, knows hi. hi, meg. >> that's right. the drug is the third obesity pill to hit the u.s. market in two years. it could be tough going. analysts say a few things may be weighing on shares. first the fda required a number of post-marketing stutdys. it said it will run a new trial to assess the cardiovascular effects. jpmorgan said that could cost up to $200 million. the fda is keeping a close eye on the safety of obesity drugs given fen-phen which was...
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Sep 23, 2014
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i mean we just heard that news from meg terrel about ebola and a half million to potentially 1.4 million infected by january. this crisis, having somebody of his stature on this issue is a important. and then isis, president obama was on the news a few minutes ago talking about the bombing campaign there and bill clinton was fighting global terrorism during his campaign as well and has spoken about that. >> let's just refresh ourselves as to what obama said. >> it must be clear to anyone who would plot against america and try to do americans harm that we will not tolerate safe havens for terrorists are who threaten our people. i'm pleased there is bipartisan support for the actions we are taking. america is always stronger when we stand united and that send a powerful message to the that world that we will do what's necessary to defend our country. >> and that's an important message that not only are they trying to attack islamic state or isil but also this al qaeda linked operation within syria which they believe were targeting american airlines. they were briefing on that. so they were
i mean we just heard that news from meg terrel about ebola and a half million to potentially 1.4 million infected by january. this crisis, having somebody of his stature on this issue is a important. and then isis, president obama was on the news a few minutes ago talking about the bombing campaign there and bill clinton was fighting global terrorism during his campaign as well and has spoken about that. >> let's just refresh ourselves as to what obama said. >> it must be clear to...
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Sep 11, 2014
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meg terrell joins us with more details on what is behind the move. megan, what stood out to me what is going to be op the label which is sort of scary, always been the concern about these diet drugs, the impact on your cardiac health. >> yeah. absolutely. that's a big problem with this. the company has a lot of post-marketing requirements in terms of safety studies they have to run. they knew it was going to come. one thing, they're going to run a second cardiovascular outcomes trial and that can cost up to $200 million. that may make people nervous they may have to raise money, is this going to take a long time to show outcomes. i talked with the ceo today and he told me that it might be a good thing they're going to have more outcomes data because it could lend help to their application for approval in type two diabetes ways lot of people think may be a bigger driver for this drug. it's been a real uphill bat. in obesity. this joins drugs arena and vivas which has missed expectations since launched. when these were approved they were billion dollar
meg terrell joins us with more details on what is behind the move. megan, what stood out to me what is going to be op the label which is sort of scary, always been the concern about these diet drugs, the impact on your cardiac health. >> yeah. absolutely. that's a big problem with this. the company has a lot of post-marketing requirements in terms of safety studies they have to run. they knew it was going to come. one thing, they're going to run a second cardiovascular outcomes trial and...
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Sep 24, 2014
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. >> meg terrell is on set with us. >> there's a new projection to report. looking at the best and worst case possible scenarios for ebola. they say if nothing changes, by the end of january, cases could reach 550,000 to 1.4 million just in sierra leone and liberia. right now, the cases are doubling every 20 days in those two countries. it's terribly frightening numbers. but they lay out a best case scenario which involve eradic e eradicating that disease by the end of january. 70% of ebola need to get into treatment centers to eradicate that disease or stop i by the end of february. of course this does not take into account guinea, which has been really, really hard hit. >> that assumes that you can get in the supplies needed to do those things. we had seen some airlines won't come in there. >> a lot of air lines have stopped flying to these countries. aid workers can't get in. building 17 hospitals, each with a hundred beds. the question is how fast can they set those up in order to stop it from spreading. >> one of the biggest threats has been because thi
. >> meg terrell is on set with us. >> there's a new projection to report. looking at the best and worst case possible scenarios for ebola. they say if nothing changes, by the end of january, cases could reach 550,000 to 1.4 million just in sierra leone and liberia. right now, the cases are doubling every 20 days in those two countries. it's terribly frightening numbers. but they lay out a best case scenario which involve eradic e eradicating that disease by the end of january. 70%...
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Sep 16, 2014
09/14
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meg terrell is also with us this morning.e we get to what the president is going to do, there was this headline that blaired yesterday that either of you can speak to which suggested the cdc sent out a notice to hospitals in the united states that said be prepared? >> yeah. we have a reason -- >> was there anything more to that than we should be prepared generally or is that because they know something we don't? >> look, it's prudent. the first cases are going to show up in the u.s. in hospitals that probably see a lot of people coming over from the region from the affected region. so hospitals like queens and elmhurst i would suspect are on alert right now. >> scott, you said it's a given, the first cases will arrive at these hospitals. >> i think everyone now assumes we're going to see some cases here. we could see isolated clusters or infections, small outbreaks, maybe close contact telling members coming over. i think we feel confident here that we can cane it assuming that the virusist doesn't migrate and change how it s
meg terrell is also with us this morning.e we get to what the president is going to do, there was this headline that blaired yesterday that either of you can speak to which suggested the cdc sent out a notice to hospitals in the united states that said be prepared? >> yeah. we have a reason -- >> was there anything more to that than we should be prepared generally or is that because they know something we don't? >> look, it's prudent. the first cases are going to show up in...