shares of biogen surging into the close today on news regarding the top-selling ms drug meg tyrrell at headquarters with the details meg. >> hey, again, tyler biogen won a highly anticipated patent decision. the patent was challenged by mylan. investors butt a 50/50 chance on biogen winning tp it doesn't risk off the table biogen faces another decision expected by late summer or fall. analysts say the win today could increase chances there as well the drug drawing 4.4 billion in revenue. has exclusivity until 2028 bierjen investor attention turns to the alzheimer space where the company is expected to file for fda pruchl of the drug any day that of course is the reason for the massive fall and rise of the stock in the last carrier. analysts expect the roller coaster could continue as it goes through the regulatory process. >> who has a thought on biogen too hot to touch or not. >> it's not. when we talked about this in the spring the market was discounting everything biogen had everything going forward. i was shocked is traded as low it did and as long as it did but i think biogen is j

to see a few more days of data to see if it continues but the 2,000 deaths a new milestone. >> meg tyrrelley we are going to break we are talking about how apple things may look like they are winding down the new cases pace slowed but that's a lot of cases. >> yeah. >> this isn't over. >> but the market doesn't seem to care. >> because the fed is. >> i'm not sure the reasons why. i think it has to do with the passive investing. but there are a lot of people probably very surprised that three weeks later we're still talking about this as often as we are again, i think it continues to get worse before it gets better, unfortunately. >> i think there is a safe haven dynamic, especially when you look at equity flows too i think the u.s. markets will be that i think you have seen flows out of asia into the u.s but there is no question that the minute if you started to see a change in the tone in terms of the virus in this country, i think markets would do something very, very different. >> goldman sachs is listing the 20 american companies with the greatest exposure to china in that basket which

and meg tyrrell has the latest. >> tyler, getting reports of new cases out of hubai province, the epicenter of the outbreak in china. they are confirming 2041 new cases where to put it in the context we are getting number from china later tonight but this confirms the direction of new cases they had been declining for two day. for broader china this is a chart by stat news the case count slowed np hubai that reversed not what public officials wanted to see. >> thank you very much, meg. it's time for "options action" we have a big show lined up. here is what's on deck ♪ >> get back get back you don't know me like. >>> like the mode and the cars the tesla this week. mike khouw recaps where we've been and help us look both ways before crossing into this one. then. >> no coke pepsi. >> pepsi. >> one pepsi. >> hey. >> carter worth knows how he wants things and when he is 30see for a catch up trade there is only one soda he looks to pop. plus. >> appreciate the lift. >> if you also appreciate the lyft, stock that is, bono has pennsylvania play to ride shotgun on it's time to risk less and make mo

and meg tyrrell has the latest. >> tyler, getting reports of new cases out of hubai province, the epicenterf the outbreak in china. they are confirming 2041 new cases where to put it in the context we are getting number from china later tonight but this confirms the direction of new cases they had been declining for two day. for broader china this is a

to china and coronavirus we have breaking new numbers numbers on the outbreak lets get them with meg tyrrellfrom hubai province the epicenter of the outbreak confirmed cases rose by 1638 and additional 94 deaths confirmed bringing the toll to more than 1,100. and we get numbers from all of china later this evening but a note the country changing the way it counts confirmed cases. now someone testing positive for the virus but no symptoms won't be considered a confirmed case last night's new case numbers were markly lower and that could explain why. there is skepticism that china may have changed the methodology to keep case counts lower. experts i talked to said this would be logical to count all positive cases it has a official that name. covid 2009 the virus seen in 2019 they needed a name that didn't reference a place, group of people or animal for concerns about stigma the names create. they don't want another swine flu or mad cow disease. >> covid 19. lets talk about the investors and market and your money. joining sus john hancock's investment analyst >> proper in. >> what a night to c

our meg tyrrell delivering that. >> numbers out of huba province the epicenter where the outbreak is happening in china. new cases coming in at 2447. yesterday more new cases almost 3,000 yesterday that does represent while more cases a potential slowing in the number of new cases we are seeing reporting an additional 69 deaths today compared with 70 confirmed deaths yesterday so, again, a slight slowing there. it does bring the total to more than 30,000 cases across the world. and 634 deaths we do expect to get more numbers out of the rest of china tonight. the numbers will increase. guys the world health organization saying today they did see the first slowing in numbers today. talking about yesterday's numbers. two days not enough to say this is a trend but they are saying it's going in the possible right direction, scott. >> important nonetheless thank you so much. >>> by the way tune in to the special report, cnbc's outbreak: coronavirus tonight at 7:00 p.m. eastern time we have plor hon the coronavirus. wynn addressed the outbreak on the earnings call. contessa brewer listening

schumer is on the tape now, meg, calling for at least $3.1 billion in new funding for a response meg tyrrellcme, the santelli exchange good morning, rick. >> want to welcome my guest, no stranger to cnbc viewers jim, let's get right into it obviously the human factor of the coronavirus is serious, we can't make light of that in the big picture hasn't the united states done a dress rehearsal in dealing with issues that can throw supply chains into turmoil >> the trade talk and trade war talk, every country in the last two years has contemplated -- >> they didn't solve it but have been thinking about it does it make them think about it more or less. >> more. >> bigger vin diagram of ceos not just u.s.-based. >> what's going to come is globalization. we're going to look at the idea we need to move away from being dependent on one country or one area for things, especially strategic things like pharmaceuticals and stuff so we'll have to move past it. >> or more difficult when corona gets under control? >> more difficult because people are going to be looking to not be there let me bring in a --