foror "nightly business r" meg terrell. >>> serepta therapeutics plans to seek approval for a muscularystrophy treatment. the fda will review t company's experimental treatment for this disorder. it plans to applyorpproval by the end of this year. the company's first drug was approved back in 2016. shares climbed 6% today and finished the day at $7>>10. meantime short seller citronai research netflix could see tts stock fall to $3 a share. it says t the streaming giant's spending on original content is unsustainable long term and added that the company faces a slewtif comrs that have the money to create compelling content on their own. netflixhas were off 3% to 21.30. >>> t longtime chief executive of dow chemical istepping down from his role last month. andrew liveris has said he would retire once dow completed its merger with dupont. he also plans to leave the board of director. shares is of dow dupont fell 1% to $71.34. and after the bell, stitc fix reported stronger than expected sales in its second report since going public. the online personal styling company said results were he

. >> i've got to jump to breaking news to meg terrell who's at our breaking news desk. >> the s.e.c. is charging elizabeth holmes and former president sonny belwani with raising more than $700 million from investors through an years-long fraud they made false statements about the company's technology, business and financial performance. theranos and holmes have agreed to resolve the charges against them they're stripping her of control of the company she is going to pay a $500,000 penalty and be barred from serving as an officer or director of a public company for ten years as well as returning the remaining 18.9 million shares she obtained during the fraud. this is after the scandals that unfolded over a year or so where theranos essentially made what they say were misleading claims about their blood testing capabilities so elizabeth holmes here in a settlement with the s.e.c. the s.e.c. saying that neither theranos nor holmes admitted nor denied the allegations in the s.e.c.'s complaint as for the former president, the s.e.c. says it will litigate its claims against him in federal

cke terrell has more from new york. -- h meg terre more from new york. >> reporter: 13-year-old page horton has been through more than most adults. >> that was very depressing for me abuse like, no, this is real. you are like, it could just be in your head. we are not saying it's not real. we think you are creating it. i'm like, i think i would know if i'm creating it. >> reporter: she had a pain in her joints that got worse and worse over the years. it to an odyssey of testing to figure out what was wrong. she has a rare genetic disease. she shared her story at the healthy returns conference in new york where people are working across health care from industry to government to wall street. scott god free talked about lower drug prices and worked on the agency'sn work public health. >> i think the most important thing we can do is g back to public health basics, reduce smokinrates, promote healthy dates and raise vaks napgs rates. >> reporter: other topics onnist display atnc the confe were the amazon effect on health care. cutting edge technology like jean editing and big data. and

. >>> good morning, i'm meg terrell live at cnbc global headquarters. here are the top business headlines. markets will open in the red for the first trading day of this week despite a slight gain on friday stocks posted a loss last week by fears of a possible trade war and more white house turmoil. the dow closing 79 points higher on friday for a second positive session in a row. the nasdaq gaining just a quarter of a point closing flat at 7481. the this week the investors will turn to jerome powell's first policy meeting. the fed is widely cleblingted to raise interest rates for the first time this year. macy seas trying to make checking out at its store less of a hassle. it willing rolling out a new mobile checkout option to all stores by the intd of the year allowing customers to scan barcodes on items with their phones as they shop. macy's also announcing an augmented reality shopping experience that could hit the company's mobile app as early as next month. they'll be able to virtually place macy's furniture in their own home to see how it would l

meg terrell is athe courthouse brooklyn. >>> a federal judge has sentenced martin shkreli to seven years in prison for on his conviction of three counts of securities fraud and conspiracy to commit securities fraud. that stence will include credit for the time he has already served in prison, about si months already. he will also have to pay a o5,000 fine and be subject to three years probation after his release. the judge had already ruled that he will hav to forfeit about $7.4 million in association with those crimes, whi have too with former hedge funds that he ran and illegallyontrolling the sha prices or attempting to, at a former biotech company that he ran. they don't have anything to do with what made s martireli famous and earned him the monike pharma bro. that was when he bought the rights to an old medicine and raised the price by 5,000% overnight. the government prosecutors had been seeking atence in these crimes of at least 15 years in prison. skrelry's defense team had been seeking 12 to 18 months. >> when the guidelines are 25ar and the government is demanding o 15 year wo

nightly business report," auto i'm meg terrell. >>> cigna beats estimate but the stock false. that's where we begin rktonight focus. a rise in profit and revenue at the owner of ndkay's zales jewelers was overshadowed by a week fullier outlook and -- by a weak full year k.outl they said it will cut costs and improve e-commerce to drive its erowth over the next three years. hares lost their luster, so to speak, calling 3020% to $38.22 exess reported revenue and profits that topped expectations helped by sength in on line ales and outlet sales. same store sales fell more than expected. shares pell a penny to $7.39. >> walmart is expanding its online grocery delivery service to 10et areas. it now expects the reach more than 40% of the united states. right now theervice is offered in just six markets. walmart said it will continue t partner with ub he were to help deliver those customers' orderst walm shares fell nearly 1% to7. . united health group is estedtedly no longer int in acquiring all or part of envision health care. bloomberg said united health was at one point potential

cnbc's meg terrell is watching it for us on a monday morning. good morning. >> good morning.treet is set to open in the red on the first trading day of the week despite a gain on friday stocks posted a loss last week weighed down by fears of a possible trade war and more white house turmoil. this week investors will turn their attention to jerome powell's first policy meeting. the two-day meeting kicks off tomorrow and the fed is widely expected to raise interest rates for the first time this year. and dating app tinder is suing competitor bumble for patent infrigment. the lawsuit claims bumble copied tinders design. bumble was created by former tinder executives and the major difference between both apps is bumble's women talk first marketing strategy. tinder's parent company match group unsuccessfully tried to buy bumble last year for a reported $450 million. ibm unveiling what it claims to be the smallest computer. that's not an exaggeration. the new computer is smaller than a grain of salt and will cost less than ten cents to manufacture. it will work with block chain app

meg terrell in brooklyn.alk about the impact that mart martin shkreli you say there was an unintended consequence, a positive one, that came out of this whole episode where he jacked up the price of that one particular drug. >> that's right, bill. you know, if you look at what he actually represents in terms of that one drug which was going for a very small population, it was a drop in the bucket of the bigger picture of the whole health care and drugs, but his -- the blow-back from his presentation was so intense that it extended into all branches of society. and that wound up causing a lot of self-examination and outside examination of drug development, drug pricing, access to medical care in general. and i think overall, that was a healthy thing. >> you know, he also just seemed like the type of person who could come in and exploit a situation for a profit which sort of, again, represented this idea that there's no real substancethere to these price hikes because what martin shkreli did and the reason he g

. >> wow, meg, thank you very much, meg terrell with breaking news there >>> let's remind all of you, dow is up about 260 points, a gain of more than 1%. the final trading today of what is going to be a down quarter for stocks, albeit the nasdaq looks like it's going to finish the quarter with a gain. the dow and the s&p certainly look like they will not. they'll break that winning streak >>> tesla on track for its worst month ever we've made it our call of the day. i want to figure out what you guys think about this particular call they lowered the price target from 500 to 420. >> based on production concerns. that came basically off production concerns. >> right they say they remain consumer -- >> they say -- you'll try to laugh as i read this -- much of the recent weakness is based on concerns, accounting, insolvency risk >> slight issues >> passenger safety. that are largely without merit, says the analyst >> why those issues? >> yeah, what's the big deal >> let me tell you, when this thing -- so this is a stock that was exhibiting -- steve is going to throw something at me, but i

. >> thanks so much, our meg terrell at our healthy returns conference when we come back automakers ones of a potential trade war. up next live to the new york auto show. ceo of toyota north america will join us with his take. ayitus 92. st wh you might take something for your heart... or joints. but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >>> it's a big day in the auto business over to phil lebeau at the new york auto show today hey, phil. >> hey, carl let me bring in jim, the head of toyota north america the rav4 i know in the past people might say a rav4, it's a crossover it's your best selling vehicle last year. >> number one. >> it's hugely important it's the biggest segment in the industry, 20% of the market is small suvs we sold over 400,000 last year so we're really excited about what things will do in the market. >> you see no slow down in the demand for crossovers and suvs, do you >> i don't think it's going to a