both bristol-myers and merck's drugs are priced at more than $10,000 alone. astrazeneca ceo said he's considering new models of pricing cancer drugs. >> it becomes very cost effective. look at pricing for the treatment of a tumor type. instead of selling your three viles of products i will charge for the treatment of lung cancer and come up with a price that is sustainable. >> results were also presented on drugs for breast colon and other cancers. one experimental drug for ovarian cancer drove the company's dock up more than 70% midday showing the excitement spans not just the medical community, but the investment one as well. for nightly business report i'm meg terrell in chicago. >>> om group surges on news it will be taken private. the specialty chemical maker will be bought by apollo global manageme the shares surged today up 28% to 3404. weak gambling revenue weighed on casi stocks in today's session. mgm resorts slipped on news revenue in the city was down almost 40%. and it's the 12th straight month of declines. sharesl three casino operators were off

a big contract here from merck up to $2 billion looking at an order including nine massive ships 14,000 square foot. the company, 4k it should be adopted by 32 other makers. back to you. angie: thanks david. still to come, the grid gold later on the show. taking a look at the markets for honey and how it's attracting counterfeiters. we will talk to counterfeiters in asian markets on the horizon. joining us when "asia edge" returns. ♪ angie: services were held at the emmanuel church in charleston, s.c., for the first time since i gunman killed nine members last week. they offered messages of forgiveness and thanked the community for support. they have called for the death penalty for the gunman, 21-year-old dylan roof. the number of those killed by tricking tainted alcohol has risen a. a few more people died in critical condition and what they are calling the worse such incident. 10 years ago more than 100 died after tricking tainted alcohol in mumbai. holding ceremonies and respective capitals marking 50 years of bilateral economic ties. the meetings between foreign ministries in the fi

pueda acampaompaÑar esta noche con mÁs fÚtbol >>> en nueva zelanda hay un lado latino uno 13 mil las merckn nueva zelanda hace 28 aÑos ha sido testigo del creceimiento de la comunidad hispana >>> cuando lleguÉ que alguien hablara espaÑol era difÍcil no habÍa mucha gente no >>> Él trabaja en la comunidad latinoamericana ordenes clande oakland que presta diferentes servicio a los hispanoss >>> un servicio cultural es la biblioteca letras latinas que dirige mirta >>> la defensa para nuestros chico y los hijos que viven en nueva zelanda >>> pero a la biblioteca tambiÉn llegan wicky llegan wi kiwis >>> ellos quieren aprender espaÑol, portuguÉs >>> tambiÉn ofrece asistencia social >>> trabajo mucho con refugiados que llegan de latinoamÉrica especÍficamente de colombia los ayudamos que lleguen acÁ >>> de acuerdo con el censo mÁs reciente la poblaciÓn de nueva zelanda se acercaba a los 4 millones y medio de personas poco mÁs de 13 mil, se identificaron como parte del grupo latinoamericano, menos del 1%. >>> pero la cantidad de hispano continua en aumento. >>> acÁ se vive muy bien eh digamos en tÉr

we are joined by the president of merck research labs. thank you for joining us. >> thanks so much. >> this was a remarkable year because of what's going on in immunotherapy. tell us why this is exciting and what it's doing for patients. >> the promise of immunotherapy has been just over the horizon for decades, but about two years ago, we and others began to show that we could manipulate the immune system in such a way as to reveal the preexisting ability to actually eliminate tumors in patients. over the last couple of years, the results have expanded in increased in number and here in 2015 that this american society, we are seeing that in a dramatic way. >> the big theme is figuring out which are most likely to respond. you had exciting data in colon cancer. tell us about that discovery. >> it's quite remarkable. for sometime now, we believe it was probably not accessible to these manipulations. we thault there was a possibility that if we looked at certain kinds of toll on cancers, the immune system would be able to recognize them. th

about that time you described where they made the distinction between boy members and adult leaders mercktle, cat pill her and lockheed martin many went along in pulling their support for the scouts. did they talk to you did they come and make their case and try to stay on your list of designees? >> actually they didn't. our local council just decided to stop communicating with us which was a frustration. ups, verizon, there are many international companies that pulled their funding. and we tried to get the scout council leader to speak with our board, and they just opted to not speak. i think that their position was very difficult. because while they did not practically ever practice compluksexclusion, they would if they had to. i want to go back to one of your guests statement about practicing homosexuality you and i don't openly practice heterosexuality. how does that play out at a scout meeting? that wasn't brought up earlier. the whole foundation of this argument if you believe gay is a choice or do you believe that you're born with being gay or lesbian, that is i think the foundatio

who said up until a few years ago they were shipping a 40-foot shipping container of persian rugs to merckand now that is not happening. there are restrictions on even what tourists can bring back from iran. there are parts you can't get for cars. you see a lot of cars that have been on the road for years and years and years and jerry rigged to fix them. you can buy these brands. they are very popular here in iran, but they are smuggled in. they are in on the gray market. iranians are used to them. iranians with money can get access to them but the economy has dropped, the currency has fallen inflation has risen, and as a result many iranians don't get to partake of luxuries or anything but the most basic necessities. so as far as they are concerned, they don't want to talk about the politics of it about who is to blame, and who needs to change they really want to talk about the fact they want sanctions lifted they want to trade with america, import the goods they need and export their own goods and services. they do believe this deadline is not going to be met by the end of today, that's

. >>> a merck scientist in north jersey is facing charges for allegedly running a lab in his home to say chemicals and other materials used to make the drug were found in the man's springfield home in union county. ghb is often called a date rape drug because it can produce sedative effects. >>> wait lists for veterans at some va centers are longer now than they were a year ago. according to the "new york times," the va has increased its capacity by 7 million patient visits since last year when a scandal over false records and long wait times hit the department of veterans affairs. but officials did not anticipate just how much workload and demand from veterans would continue to increase. >>> today crews hope to partially contain a wildfire in southern california that's already burned 1,000 acres of land. an additional 300 firefighters are expected to join those already working the blaze. the fire started yesterday afternoon near santa margarita. several homes had to be evacuated. investigators are still trying to figure out how the fire started. >>> investigators want to know how th

so as i say what was merck on monday was become even murkier on tuesday. >> thank you very much andrew that. andrew thomas speaking to us from sydney. >>> still ahead on the program stocks to try to end the war in em request en enter its second day. we'll have all of the latest. plus leaving behind misery and dezdespair, villagers in senegal are deserted as thousands try to seek a new life in europe. welcome back. let's take a lack at the top stories on al jazerra. al qaeda in yemen has confirmed its leader nasser al-wuhaishi has been killed. >>> kurdish forces in syria have retaken the town cutting off the main supply line of the islamic state of iraq and the have levant. this is their only leak to their self did declared capital rah raqqa: >>> there are allegations that the australian has been bribing smugglers for a decade. they are not confirming if they paid. >>> posey description president mohamed morrisey is expected to receive the final rule on his death sentence tuesday. he have sentenced to death along with dozens of others over a mass jail break during the 2011 uprising the

. >> reporter: the victims were identified as calvin li and alex merck, both recent wooten high school graduates. the driver sam elle ils, former quarterback on the wooten football team. he was critically injured. they're all 18 years old. a fourth passenger was not named. >> just too often. it's just too often this happens. >> reporter: police say the tines were coming from a nearby house party where alcohol was served. police say eight people were cited for underaged drinking. >> they did find some beer beverage cans in the car at the time that were still chilled. >> reporter: they say alcohol and speed were factor and that the teens who died in the back seat li and murk were not wearing seat belts. grieving friends showed up at the scene placing flowers, mementos, a football and a basketball. >> it is such a big matter and it hasn't really happened to us before, and i think with it happening it's just like a huge wake-up call. >> police describe the crash in north potomac adds violent. the acura tsx ran off the road hit a tree and broke apart, landing in a neighbor's driveway. >> al

do you put that of link: we brought in a lot revenue from our collaborations, and merck.ales olivia: you are in trials for the ebola trial vaccine. can you make money on an ebola vaccine? link: the trials are ongoing and we are very pleased about the progress. hundreds and hundreds of patients are being enrolled. we are getting a lot of good safety data and data from the response to the vaccine. it is yet to be seen if we will get enough data to show clear efficacy with the vaccine in the field of their. there is a number of different vaccines for diseases such as smallpox and anthrax that have been developed and bought by the u.s. federal government or other federal governments around the world. there is a market there. we don't intend to make any money off this product in the throat world and are developing it as a permanent solution -- in the third world and are developing it as a permanent solution. olivia: it is not a first world problem. it is something that can generate money for the link -- n ewlink? concern: there is a that potentially when people are traveling t

the ceo of the global pharmaceuticals and chemicals company based in germany that is merck. live for a conversation from the tel aviv stock exchange. thank you for joining us. i wonder if we might start with an overall context-setting question. we are talking a lot about grexit, the possibility of greece leaving the eurozone. as a big german business how will you and others in the german business seen a pair yourself or what could be the fallout of this greek crisis? >> maybe i am contradicting the story of the day, but i am in israel to talk about the state of the long-term future, which is innovation. building the company's future for the long-term. i am much less concerned as far as greece is concerned. i have been wondering throughout the last month how much time europe is spending on the greece issue. for me, it is something which now creates some turbulence. europe will go on. it is nothing which is on my mind for the long-term. it is nothing which is worrying me to the extent financial markets are at the moment. anna: m&a is on your mind, doing deals. tell me how that

market which was merck. more than doubled production to try to meet the demand but they ran into more of a pickup -- a hiccup and that compounded the problem. there were six weeks last year when no bcg was being produced. even though production has resumed, there is still sort of a backlog. host: drug shortages in the united states with our guest peter loftis. the story talks about not only the specific drugs but overall especially when he comes to this quarter, 265 drugs or so in short supply? guest: that's right. that number is actually down slightly from late last year. compared with five years ago it's of about 75% -- it's up about 75% so it's an increasing problem. i should point out that there was a big rash of new shortages that cropped up about four or five years ago. the number of new shortages seems to be coming down but the total number of ongoing shortages is still relatively high. host: we showed the chart before but as for his trends are concerned, is this something the united states has always

isn't when merck and pfizer should come into play? here is the thing. tend not to come down except when you get a broad market selloff like now. and i suspect there are going to be big decline here's. and i have the ones that are going to bounce back the hardest. and just as important in this week of speculation, bio tech does represent a kind of safety. that is because they are immub to global chaos. before i give you my three favorites let me explain why bio tech is immune. it doesn't supply to unmet needs, especially medical needs. there will be the same number of people who suffer migraines or any chronic medical condition. if you got a serious the disease you keep get treated no matter how crazy the greek situation gets. bio tech is all about getting resolved these serious unmet needs. they don't represent economic growth or interest rates. on top, the big drug companies have been snapping up small companies left and right. and big pharma is going to lose patent protection soon. so they are desperate to buy small bio techs that can provide future g

. >> vwinx, wellsly income fund, i love vanguard, holdings like wells fargo, kraft, and merck. >> mattd steve, we ran out of time. we'll put something from on facebook from you two. >> tonight, "strange inheritance," starts at 9 p.m., jamie colby meets children who inherited a salvage yard from their grandfather. then the guns from "bonnie and clyde." all the drama starts 9 p.m. on fox business. charles: i want you to look at this, angla merkel and president obama at g7 summit. what do you think they are talking about? what is she telling him? we want to know what you think. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex.

>> the main players in some of these new drug candidates are bris bristol myers, roche and merck.hing important happening in cancer therapy right now. it's a stretch to say we've got a cure but we have the potential of taking cancer from a disease that you die from to potentially something you can live with. that's an amazing leap forward. going into this meeting bristol was seen as the leader. they have already got one of these new drugs on the market and in some ways they had it to lose. the stock was down on friday. some of the competitors had data saying they western that far behind. >> do you think at some point we'll reach an inflection point? >> i don't think it's going to slow down. i think what you're seeing is big companies are trying to buy innovation so when you look at most of the advances in drug development it's coming from the bio technology sector. some stuff happening but i think they're going out to buy that innovation innovation. >> we've seen people invest wlg corporate is spending it. >> drugs are extremely profitable. that seemed like a crazy deal. their dru

. >>> a merck scientist in north jersey is facing charges for allegedly running a lab in his home to produce the drug ghb. prosecutors say chemicals and other materials used to make the drug were found in the man's springfield home in union county. ghb is often called a date rape drug because it can produce sedative effects. >>> wait lists for veterans at some va centers are longer now than they were a year ago. according to the "new york times," the va has increased its capacity by 7 million patient visits since last year when a scandal over false records and long wait times hit the department of veterans affairs. but officials did not anticipate just how much workload and demand from veterans would continue to increase. >>> talk about catching a wave. take a look at this. 66 surfers set the world record for the most people riding a board at once. about 5,000 people were at huntington beach in california to watch the guinness world record attempt. the surfers rode the wave for 12 seconds. the previous record was set a decade ago when 47 surfers rode a wave for 10 seconds. >>> happen

. >>> a merck scientist in north jersey is facing charges for allegedly running a lab in his home toroduce the drug ghb. prosecutors say chemicals and other materials used to make the drug were found in the man's springfield home in union county. ghb is often called a date rape drug because it can produce sedative effects. >>> wait lists for veterans at some va centers are longer now than they were a year ago. according to the "new york times," the va has increased its capacity by 7 million patient visits since last year when a scandal over false records and long wait times hit the department of veterans affairs. but officials did not anticipate just how much workload and demand from veterans would continue to increase. >>> preparing for the pope. later today the philadelphia delegation for the world meeting of family also leave for rome. archbishop chaput, mayor nutter and local officials will meet with vatican officials to iron out the details. they will fly out of philadelphia airport at 6:30 this evening and will be in rome until friday. chris cato is also in rome. he will have l

the worst performer is merck. unitedhealth joining there also. declines of more than 1.5%. nike nearly positive on the session. boeing trying to fight into the green. boeing on the higher side of the board. s&p down 15 points. nasdaq giving up 28. >> how about this just crossing on twitter. >> if the s&p finishes the week up or down 1% it will be longest streak of sub 1% weekly moves since 1993. >> you are not imagining it. >> love the fun facts. wingstop is rocking wall street on its first day of trade. surging from its $19 share offering price. >> bob pisani with more. >> it's incredible. wingstop up almost 60% on the day. we often see this happen with restaurant ipos. this is where shake shack was. this is another big mover in the last year. it's down today. zoe's kitchen is another one. that is a big mover up huge in the last few weeks since its earnings report came out. these restaurant ipos had big moves. take a look at this full screen. shake shack up over 200%. even the other ones papa murphy's bojangles also up 31%. next week there will be another one, a brazilian

america merck invented the class. it's little r are egene are ron in the lead.tech rally while getting too hot at certain times does overall make sense. how about gilead? remember when it did nothing for months as people looked at whether they would squeak the margins because it was charging the too much for the hepatitis c cure? i emphasize cure. do you notice in the last month and a half gilead went from 100 to 119 in part because the hep-c is too god food for companies not to offer and it is stock piling for a transformative acquisition or should i say another one? in reel al ti the reason why they are in a position for a big deal, why it has the cash is it was willing to fork up $11 billion for a money losing company called pharmaset which the scientists gauged had a winner in the help tights c platform. gilead paid 89% premium for pharmaset. they knew there was no thinking about playing a role in it. gilead will only take a 9% hit to its own stock on the news. another thinger very few big pharmaceuticals would be willing to do. normally willing to do becaus

>> come on now government is paying for everything, paying for everybody else but you and merck boss. corruption in mismanagement. it's like that all over america. just four days after we arrived in philly on the very same tracks a commuter train flipped over. killing eight. our infrastructure is antiquated and falling apart. you have to ask where did all the money go? it's in different with the public schools. >> the school told them they're not allowed to bring their books home. though have to have special permission or stay after school or colonel early in the morning. >> if students in philadelphia don't have enough books to take home why are there ten of thousands of books rotting away in a warehouse? school authorities wouldn't let us see. we saw it anyway. >> charlie leduff, from our local station wjbk in detroit. what a trip from washington to new york. >> rand paul is not going get off in baltimore. i'll do it for him. >> i've taken that trip a lot and never thought about that reality. >> if you look out the window, just look at what is empty. and then ask yourself, what is r

. >>> first ruling against the epa curbing merck cure re eye mission.pact -- mercury. "risk & reward" starts right now.

. >>> a merck scientist in north jersey is facing charges for allegedly running a lab in his home tooduce the drug ghb. prosecutors say chemicals and other materials used to make the drug were found in the man's springfield home in union county. ghb is often called a date rape drug because it can produce sedative effects. >>> wait lists for veterans at some va centers are longer now than they were a year ago. according to the "new york times," the va has increased its capacity by 7 million patient visits since last year when a scandal over false records and long wait times hit the department of veterans affairs. but officials did not anticipate just how much workload and demand from veterans would continue to increase. >>> talk about catching a wave. take a look at this. 66 surfers set the world record for the most people riding a board at once. about 5,000 people were at huntington beach in california to watch the guinness world record attempt. the surfers rode the wave for 12 seconds. the previous record was set a decade ago when 47 surfers rode a wave for 10 seconds. >>> good morn

behind merck the new silver spring library with a gaping hole. that hole is for the purple line, if it ever gets built. >>> tomorrow, the world police and firefighter games kick off in fairfax county, bringing together 12,000 competitors from 70 different countries. one prince george's county police officer is ready to compete with the best of the best. >> reporter: s.w.a.t. team, dive team, the corporal longs the part of a seasoned police officer. hard to believe he had to fight some weight and high blood pressure issues. >> got into biking. i took the police mountain bike course, which was a week long. after a week of riding it really developed some skills. >> reporter: eight years later, he and his mountain bike are inseparable. >> i like to ride over the park, probably one of the best in the area. >> reporter: they hit the trails on an eight-to ten-mile loop twice a week. he introduced his now 19-year-old son to biking and now he competes nationally. >> i used to ride with him, telling him to pick up his pace. he would say, oh, dad. now he is

but there is a benefit to merck and to the politicians who are getting campaign contributions from the pharmaceutical business. >> reporter: if governor brown signs the bill they have to make an option to home-school their child or move. >> it's contrary to what america is based on. i think this nation was founded on freedom -- on the freedom to choose based on reason. >> they can parent however they want to parent. but with all rights come responsibilities. and when you choose not to vaccinate, you put your -- not only your own children at risk but your entire community at risk. >> reporter: governor brown has 12 days to sign. if he does the opposition plans to sue. from marin county, wayne freedman, abc 7 news. >> governor brown has until july the 13th to decide whether to sign this bill. he has not indicated what he plans to do. >>> we're learning more about the escaped prisoners in new york on the run for weeks. david sweat is talking now telling authorities how he and his partner in crime managed to stay one step ahead of police for so long. here's more from albany new york. >> re

calvin lee and alex merck. they will be remembered at a service in rockville at wootton. alcohol appears to be a factor. the murk family announced a visitation for alex tomorrow afternoon from 3:00 to 5:00. again from 7:00 to 9:00 at pump fri's funeral home in bethesda. >>> a warning to you from police after a man exposed himself to a woman and her two children. this happened along the claiborne parkway in the ashburn area. police say the woman and her kids were walking near trailside park when the guy exposed himself. they went and called police. the flasher never found. >>> well, washington is buzzing, folks, about this fall's papal visit. a september to remember. the schedule is set now andhere. the details now. pope francis will arrive tuesday september 22nd. things really get going on the 23rd with a morning meeting at the white house. midday prayers at st. matthews cathedral and then an afternoon mass at the national shrine on the catholic university campus. on thursday the 24th. pope francis becomes the first pope ever to address a joint session of congress. he'll

merck. you have health care, the tech, te low come. microsoft on the down side.his is a fairly broad decline in stocks generally here. if you look at some of the other sectors moving there is concern about greece. interestingly for example gold doesn't have much of a bid. the dollar isn't doing much. i don't think it is too widespread. it's modest. gold isn't doing much at all here. in terms of market concern and volatility, the vik spiked up at 15 but not the range that would indicate concern. as i mentioned before, 20 is when i pay attention. it spiked up a little bit to 15. still modest. international banks are one of the onlier area ares we are seeing concerns. modest in the united states. citigroup and jpmorgan are on the weak side. more concern the for ubs, credit suisse and other european banks. today don't have the big exposure to greece they used to have. the declines are only about 2%. overall we are starting to look rather technically poor in the market. it's the only comment i would make now. the s&p is 2% off its highs. carl, we are now below the 100

. >> reporter: the vaccine is made by merck.al is a partnership between the sierra leone ministry of health, the u.s. centers for disease control and prevention and the medical college in freetown. >> once we can document the effectiveness of the vaccine and we are now sure that it can really protect them, we can move to another stage where we look at the community and the population at large. >> reporter: across the border in liberia, a separate trial is testing the same vaccine, along with another one made by glaxo smith kline. it is open to all, and based at this hospital in monrovia. in the darkest days of the crisis here in liberia, a senior doctor and nurse here at redemption hospital contracted ebola virus disease and they subsequently died. many of the health care workers here became afraid to come to work and the hospital had to close for a time. in all 13 members of the hospital staff diere. >> it was scary. it was confusing >> reporter: dr. mark kieh is the site physician for the trial. so far, there are 1,500 volunte

washington post"" said no one is declaring it dead but if they decline to lend a hand prospects appear merck kiirky. here he was yesterday. >> i feel strongly that both from a policy sense and a political sense, it is very wrong for the democrats to under cut the president at this stage. this deal though can still get done in the next couple of days. >> well the house is expected to vote again sometime this week. for more on the president and his last-ditch effort to save the trade agenda i'm joined by david corn and jake sherman jones. jake you're the expert. what's the chances? i felt pelosi was pulled by others on the progressive side of the democratic party that got to her. this is where the caucus is and she didn't want to be there but was there in the end. i think bill clinton is for this and hillary clinton probably leaning towards it but nobody wants to mess with strong labor. labor never looked stronger almost like a wounded animal is the most dangerous animal. let me ask, is there hope for either the republicans or democrats to save this bill? >> if there is hope the path is certai

merck and pfizer. it's all oncology.eing in these names is the aftermath of the afco conference from a couple of weeks ago. there were a lot of treatments that these names came out with that are really going to revolutionize especially the immunology oncology says that will revolutionize treatment and survival and basic quality of life for cancer patients. that's why this sector, big pharma, has a bid right now. >>> i'll give you two pretty obvious break-outs that could happen very quickly. the first is ab v. if this doesn't double-ton out at $70 it is going to get loose in a big way. second, phaser. above 35, you want to be long this name. it struggled below that level since february. looks like it wants to challenge again. >>> bio marin. great pop this week. >> you going to buy it after that pop? >> no. i'd be getting out of this one but i tell you, the one you hold is gilead. when they smashed is below $100 last year, took it down into the $90s, $88 or something. it's a 27% winner so far this year. a lot more to the u

. >> meantime barrons also talking about merck.ck, a dow component that is trading as well. >>> stocks to watch, advanced micro to watch indeed according to reuters. the chip maker may spin off a business or break itself up as it tries to better compete with rival intel. fitbit, that coming off of strong gains in its first session as a public company. and qep resources is leaving the s&p 500. the deal will be relaxed by bextra ultra. the qep will move to the s&p midcap. >>> in the meantime let's get back to the greek drama that's playing out in europe. renewed optimism finally, of a deal to avert a default saying the market is higher this morning. cnbc's chief international correspondent michelle caruso-cabrera joins us. michelle. >> reporter: this move may have a better ending we will see. all the official meetings happen today. alexis tsipras, the greek prime minister is meeting with the ahead of the european commission jean-claude juncker. we know within the last 24 hours that the negotiations have been quite intense. and that a

weaker times to try to maneuver the -- there is a tendency for weaker times to try to maneuver the mercktililitty. i think the germans made a political decision about these euro not really an economic decision, but it was to tie what is still addressing the problems of the 21st century. vonnie: we are headed toward globalization, embracing capitalism, so forth. that is turning, a little bit. daniel: on the one hand we are more globalized. just look at the instantaneous connection. how quickly a firm like uber will spread across the world. but on the other hand, the rebellion, more government intervention, it controls the economy either directly or indirect like him and when you have a financial crisis, this is the way -- this is the issue. tom: katie, jump in here. reinventing brazil economics, where is that today for greece? katia: you mean the central bank's president? tom: a great guy. where is the fraga fof greece? daniel: i do nothing grace is there. they're playing a game of chicken, and the consequences tsipras has taken it over a brink. tom: daniel yergin with us, yes we will spe

it's not like the mick -- merck can cal oring a curl few. it's coming everywhere so there's no new sector absorb the works. the question as to will that lead to another revolt or some kind of movement? i think it's possible. you saw some lint of that maybe with "occupy wall street" it demonstrated there's the concern out there about the general issue. in general if that happens wouldn't think it would be a good thing. if it were a movement geared toward limiting technology, i woop want to see that happen because i still continue to believe that technology is clearly the only thing that historically has made us better off and that's the reason we're much better have than people who lived 100 years ago. a middle class person today is much better off than a very wealthy person from 100 years ago and that's because of technology. we don't want to stop that. what we want to do is adapt to it. so it can continue, and if we make the right adapt addition i think it's possible we might accelerate that and move even faster and make us better off at fa

variation is immune oncology and the biggest companies are bristol-myers squibb with their drug octivo and merck with their drug takuda. they've been approved in melanoma and lung cancer but eeg the efficacy across countries including renal health cancer, small cell cancer and eventually what we'll see is a spectrum -- efficacy across a broad spectrum of cancers. and suspect for the market potential could be north of $10 billion. given that these will be the new standard of care of cancer, i think the strive is a broad wave for the pharmaceutical sector. erik: do you see more potential for development in either sort of the gene specific stuff or the immune therapy stuff in big phrma companies or are small biotechs leading the way. doctor bardon: big companies have primarily driven the early growth but will say there are several biotech companies following along in the next generation of immunotherapies. i would point to one of my favorite names in the space, insight pharmaceuticals and see them as developing the next grention of immuneo oncology drugs. their first drug jackify has been approved

the larger names that we cover like pfizer and merck expressed interest in doing deals to boost theires further to try to get more of the growth we pensioned is more in biotech so i would expect a lot more deals still. especially maybe on the smaller side. maybe not the mega deals we have seen before but i think that all the pharma companies are looking to buy more assets and bring them in house and even oncology, having full control of the assets will be important to getting them to the market the way you want and working with payers payers. you have a little bit more leverage and pricing power. >> thank you for joining us. have a lovely day. senior able list at credit suisse. i want to bring more flashes related to dish network and t-mobile u.s. potential deal. you can see the moves on frankfurt are some what more muted than what the u.s. futures market is suggesting but positive across the board. we're going to come back and have a quick look at what markets are doing in europe once again. sharply lower. they had been further down but they're now down 1.5%. france is down 1.8% and

. >> merck, pfizer and tesla? >> i have it down a little bit. >> down a little. rocket some people are saying -- >> why should it? >> it's just the empire. it's the empire. would the empire suffer? >> solar city? >> i think that was fach use, but i think the credit suite piece is a well-timed piece. the market can bounce back because we're not that reted to greece but let's find out where the debt is. get a little more info. there's no hurry. i wish that those hmos had made that deal. that would have made me feel like it was more imperative. i'm looking for deals in the oil patch right now. >> i know in energy and nothing says we're not going to get the announcements in hmo land. the question will be anti-trust. >> we have the broader market. everything on my screen is red. the s&p down less than 1%. .84 % is what i have. what's the view from the floor this morning? >> the early indications is there's mild concern about contagion. it's important to watch the peripheral countries. let's put it up. this is not nothing. 3% or 4 % is notable but it's not a sign of pa

before if bank of merck were in trouble wouldn't we rescue it? >> that is at the heart of her criticizing here, and if you break them up, theoretically there's a way of doing this, the commercial bank with the federally insured deposit which we owe people want that up to $250,000 that means just about everything that they have, you know that bank dunts take the risk. that the security's firm does, and this one holds less capital that one holds war. and we're not on the hook for this one. >> but we technically are. the way things are now. >> when they're combined question of to. things go under it is armageddon had this argument before. if you can't use your credit card and credit sea sup can't get a paycheck because fox cannot rollover comerl paper that was happening in 2008. that is the end of the financial system and that could happen. >> speaking of our fine company thank you very much. changes going on here, not the end of the technology system but some changes right here in our home enacted. connell with more on that. connell. >> neil today

that's why you see -- those include intel, merck, united health come of these, dow jones industrial averageselwyn and caterpillar. delta down about 12% on outlooks. the stock is down 2.7%. they had to cut the concern of revenue going forward. wearable technology. this is wearable fitness tracker, someone filing $350 million for an ipo. fourteen dollars to $16 a share. stuart: home away is a website that read you one tout your home to strangers. teaming up with the travel booking website kayak. a big amalgamation there. we are joined by home away ceo brian sharples. i want some idea about how successful or otherwise you are. how many booking you do. i want an idea of your size. >> in the last 12 months about $12 billion vacation rental bookings. stuart: $12 billion worth of business in one year. >> that's correct. stuart: you've got to be bigger than the bnp. are you different from them? >> we are quite a bit different. homeaway is particularly second homes owned by people. people went to primary home they live in. that is the biggest difference. stuart: now it has taken the kids and family

merck investment president and chief investment officer. thanks for joining us.uld be your proclivity this morning with the global markets selling off. as an investor, what do you want to do in the face of this? >> good morning. first of all, i think the markets have been ready for a selloff. i don't know whether it's the chinese stock market plunge can be blamed. the important thing is what is the rest of europe is holding together. it's whether you have some real problems in italy or spain. offing seems to be as expected. we have margin calls and so forth and even in your program we have it. we're in a market that's are expensive. risky assets. i've been out of equities for some time and a reminder that things are risky. as far as the euro is concerned, association, and buyers have come in, ultimately greece isn't that relevant as much as it makes the headline and that's by our own execution and we'll ultimately move on. sandra: that's the question that investors are struggling with, they don't know what their portfolio is to the greek debt crisis or the situat

one last question just about the competitive landscape because merck and bristol myers are on the markety the use of biomarkers may put you in the lead in the end. is that how you see it? >> we presented some data here at the conference that suggest when you use biomarkers you can increase from two out of ten to four or five out of ten the likelihood of patients responding. and we have a very broad immune therapy program. our lead product, we have now the largest program in lung cancer which is the most common and deadly form of cancer. but we also have very strong programs in bladder cancer which hasn't seen anything new for 30 years and also in breast cancer and renal cancer. so we feel with 20 medicines in aapproach, we look forward to bringing those medicines to patients as soon as possible. >> dan o'day. thank you for joining us. >> thank you, meg. very, very good it's a good problem to have. i mean melanoma. you hear that. two years, 60%. that used to be if it was advanced, it was like start getting your aaffairs suffairs in order or lung cancer. we have to work out. like they say,

when he was at merck, his team they came up and got the first drug approved which was an ldl -- >> first> it was the first statin approved and the class that are ldl receptor elevator. now you come around to 2000 or so and a group of france led by catherine barlow, they figured out if you have this mutation it dramatically affected your cholesterol. if you were missing it your bad clust roll went down quite a bit. and if you had it overactive it went up. then dr. hobbs went on to find out if you didn't have this protein, this genetically. you had a lifetime reduction of 90% -- basically you didn't get a heart attack. you're almost immune to heart attacks if you didn't have this protein. and because you had a lifetime lowering of your cholesterol. now my partner george enters the picture and he and his team at regeneron, they came up with the first that was tested in humans. they showed it works and together with san fee -- >> it blocks it. >> i don't see why it wouldn't be the same then. >> the lowering is dramatic. >> if it's 90% no markets, you should be able to -- and with statin, the

it sounds like he's criticizing merck at a time and should have been triesing to bring us together. >ly agree -- finally agree with something i disagree with president tone mentioning gun control this was not the time. this was about a lunatic who was a domestic terrorist who terrorize people and murdered people and could have gotten a gun from anywhere. >> so much the president should have addressed that? >> he should have addressed it well let the gun control debate out of it. said look these people are hurting let's bring everybody together about talk about racial divide and try to come cool together this is south carolina flying the confederate flag people are upset about awflg all of that goes into the mind set of people suffering from this tragedy. big destruction before you arrived on this air this morning. what i'm saying is that middle america is less racist than almost any place pells in the world. that in middle america we conform to middle class values black white pink green doesn't matter why you're from race or rest of it. you conform to middle american valuing and you'r