a world where a keyboard can cause more harm than a gunshot, a legal dispute between its giant mercknd insurers could determine the future of who pays for cyber damage. joining us for the story is our investigations reporter. david, great to have you with us. the white house called this the most instructive and costly cyber attack in history. before we get to the legal dispute, tell us how extensive the damage was. david: it happened on june 20 7, 2017. the u.s. and u.k. believe that russian military hackers infected tax software in ukraine. from there, it caused tremendous thege the right ukraine, to government, two companies, and multinational companies around the world like merck, monfils, k.d maers tremendous damage, billions of dollars in damage. now subject tois litigation in state court in new jersey. amanda: we often see insurance companies arguing over the fine print. they don't like a big payout if they can avoid it. is there a case to be made that this was something that you could not ensure as a cyber attack? in this case, the argument is it was an act of war. david: in t

merck lost $870 million. so i could see that this was quickly turning out to have been the worst attack in history, but none of these companies would talk about -- [inaudible] their experience, how in hell did they manage to lose that much money through this attack. so it was becoming clear that it was, you know, something, something unusual. it took a couple of months to see the full scale of it. it ultimately cost $10 billion. and when i saw that, i was -- and we could also very quickly see the forensic links between it and those earlier sandworm attacks that turned off the lights twice to civilians in ukraine, those first blackout attacks. so this was the work of one group. and i could see that there was an arc to the story, a kind of building and then a climax. and it was that bigger story, and that's when i began to work on it as a book. >> right. it was crazy because it, as you point out, it spread quickly. it was designed to spread like a worm, so it was out of control when it was moving around the wor

merck will take this drug, and sanofi will take the drug to charles river. charles river will then do the work it is not like you have these companies are gigantic research arms they offload it to charles river and then there is sales teams. that's what they do. there are sales teams. >> hoping that, of course, will get the approvals they need and/or being part of a larger portfolio. oncology is important here because in part there is not as much pushback in terms of the insurance companies' willingness to pay or governments willingness to pay there has been a lot of innovation in cancer. >> you've been following it too, the hospitals are willing to pay ten times. >> yeah. >> for the drugs and it is -- there is a lot of aspects of the healthcare system that have been crunched in price. not cancer drugs, going up the hospitals have -- i don't want to say they're hiding anything, but you can get away with anything given the fact that if you can solve or keep someone alive, it is worth it for the patient, the system doesn't seem to mind. >> yeah. we're going to

percentp one had before on the take out merck for their -- arqule upt takeout by merck for their canceratment. hp q barely moving. where we do have a big move on the quarter, the british pound soaring come on pace for its back -- for its best quarterback to 2009 i have a general election. guy: i've got a different chart for you. the market is definitely covering its rear on this one when it comes to the election. what this chart shows you, the white lined is the british pound. the blue line is the risk reversal, the skew between the puts and calls. the market is definitely covering itself, as you can see. that implies that the market is trying to protect itself against that rally that we seen coming through starting to unwind. you have to think a little bit about why that could be. ismay be that the pound worried that we don't get the results that everyone is anticipating, i.e. boris johnson winning. it could also be that once the election is done and the reality of the fact of trying to get a trade deal done with the eu is quite hard, the pound starts to come unstuck a little bit. ilmi

merck has agreed to buy arqule at a premium to focus on cancer treatments.s paying about twice arqule's market price. that is your bloomberg business flash. guy: we are counting you down to the european close. we've got around three minutes to go. we are negative, but not that negative. aredax and the cac 40 slightly negative today. closes next. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. guy: 30 seconds to go until the end of regular trading this monday in europe. definitely a december session in europe. most of the main markets are down but not by much. very tight session in terms of ranges we have been occupying. italy down more than most. spain up a little bit. nothing satisfying. it comes

. >>> the fda is speeding up review for a new use of merck's blockbuster cancer drug ytruda. the agency is likely to decide on the application for use in bladder cancer in january. keytruda is already an approved treatment for a wide range of carries project to bring in more than $11 billion in sales merck sharese off a fraction to $87.04 but hit a 52-week high during the day. >>>dy disney's "frozen ii" set a thanksgiving holiday weekerd re it took in more than $120 million in north amerin ticket sales. that broke the previous record set in 2013 by he hunger games: catching fire." disney was down a fraction to $150.62. >>> one of the biggest demographic questio t heading in 2020 presidential ection is how the young voters will affect the election. pos show they have the power and influence to reshape debates about the economy. and that's gotten the attention of democratic presidential hopefuls. here's robert frank. >> reporter: the split in the democratic party over taxing wealth is being driven mainly by age. younger voters say billionaires didn't earn their wealth and coul

something merck called an important milestone.he vaccineved by the european commission last month. the stockp 27% to $91.58. >>> alleek we've been getting acady for the new year by bringing market monitor guests. font'sest has three names he says belong in yourtf pio. the last time he was on he recommended johnson & johnson up 48%. chevn, up 55% and intel is 114% higher. >>> joining us once again a is randall ely, the chief investment officer of he had garr low max company. >> good to see you. >> you are findingeralue out even with the market at all-time highs. >> absoluly. when you have treasury -- and this is 10-year treasury interesttates less than 2% it makes stocks more attractive than would normally be the case. >> first pick is allstate. they have had a strong year. we've had a number of natural disasters but they've been very >> that's right. face of i think many value players assume that a strong year in y price mea can't have a second strong year. but this is a cheap sck still. they've got lots of -- lots of cash,ow you

merck med co said addiction could be one of their concerns. richard sackler says, "we do consider that addiction may be a convenient way to just say no and when this objectionis obliterated they will fall back on the question of cost unless we can give a convincing presentation that c.r., that co rolled released product, are less prone to addiction d tential." ba these e-mails that you've seen, casey, is this unusual for a pharmaceutical executive to baspuically be inging to get his product out there and tamp down on concns? >> i think that it's not unusual for pharmaceutical exethtives when ey're launching a product and push it intoe marketplaceion in a way that's going to be beneficiali o the company. ink here the situation is that oxycontin is an opioid. it's a drug which contains a lot of inherent addiction potential, so it's something at' sensitive and i think these documents really shed light on the extent to which despite those potential concerns about addiction, the company was intent on aggressively marketing the product. >> nawaz: ca

for merck? what are we crazy? the biggest drug ever. >> scott , i've got a high dividend payer for unusual activity might be somewhere in the jpmorgan health care conference and i think you guys are going to like that >> no, no, don't guess of these restaurant stock, darden, young, restaurant brands >> younghurt the most by the willy-nilly activity in delivery restaurant management is a good quarter but i think darden is due to a bounce. >> i got one killer killer froms i like the stock i like quick serve but my favorite is wendy's it's going to be amazing i've had a preview >> scott, i've got a twofer for you. one stock but two sides. shopi fy >> oh my god, i love shopify >> take a look at this after black friday, people said maybe 900 million. now a couple days later, they've upped that target but a billion five on that e commerce cloud based platform for these relatively small merchants the real big guys are going it elsewhere, but for the rest of them, this is a huge tell as far as consumer spending and as far

well staying on the topic of climate change is coming that's the message teenage activist going to merck has for world leaders who she says are not taking the threat of global warming seriously enough she was speaking to a rally of demonstrators in the spanish capital madrid that's where the u.n. has been holding the latest round of talks on implementing the landmark 2015 paris climate accord. it was a clear demonstration of anger on the streets of madrid. tens of thousands of people gathered to demand politicians do more about the climate crisis. among them indigenous people from latin america including the from chile. the climate conference was due to be held there but moved to madrid following social unrest. but he was glad i was that women are a mist clear politicians need to be more ambitious and listen to the people about this would tell me i'm game is not about the time it's in crisis we need a solution as quickly as possible and on this. the outcome of the 1st few days of the conference has been decided the mediocre industrial nations in particular are dragging their feet. one is

find out what merck —— mark kermode thinks in the film review.ok ahead to what the papers will be bringing us tomorrow. with me are nigel nelson, the political editor of the sunday people, and sunday mirror, and jo phillips, political commentator, who was an advisor to the liberal democrats‘ leader, paddy ashdown. many of tomorrow's front pages are already in. the observer leads with calls for tactical voting to stop borisjohnson getting a majority. the daily mail has comments from the head of nazi—hunting organisation the simon wiesenthal centre saying the election ofjeremy corbyn would be a disaster for democracy. the sunday telegraph's front page features conservative plans for a strict immigration system for unskilled workers. the sunday times has leaked internal documents about labour's record in tackling anti—semitism cases. the sunday express leads with borisjohnson saying this election is the last chance to leave the eu. and away from politics, the sunday mirror has a story about the criminal past of one of i'm a celebrity contestants tho

merck is paying about twice their market price.her deal in same space, sanofi is speeding up its pushing to cancer treatment's. the french pharma chime it agreed to buy -- for 2.5 billion dollars, more than double the u.s. biotech company's last market price. sanofi said it would accelerate 17 drug programs, almost half of them in cancers. learned both isf and kerry group are negotiating with dupont. the division has been valued at about $25 billion. dupont shareholders would retain a stake in the business. that is your bloomberg business flash. alix: thank you so much. another company i am watching, shares of total oil falling the most on record today -- of total oil falling the most on record today. you cannot suspend your dividend if you are an oil company. that sent shares tumbling by more than half. technical problems have hurt production and stability in africa. coming up on the program, a flood of central bank decisions on deck this week. we will discuss how monetary policy could shape the outlook for 2020 with sebastien pag

venezolanos se prepara para tentar por las fiestas, pero con las bebidas alcohÓlicas que puedan comprar merckmo whiskys escoceses aquejados todo un sÍmbolo de la antigua riqueza petrolera que corrÍan el pais que iba a ser por aÑos el segundo consumidor mundial de la costosa bebida escocesa lo que se estÁ vendiendo es de bebida espirituosa. mil bolÍvares. eso equivale a menos de dos dÓlares, ni siquiera la autora popular cerveza es tan alto consumo del pasado estÁn el rango de la mayorÍa de los consumidores. al pasar su costo de un salario mÍnimo por una caja de treinta y seis en mesas hace un aÑo a mÁs de seis salarios mÍnimos en la actualidad apega muchos ahora todo porque el venezolanas a sombra consume mucho licor el gusto por Él, acotÓ los venezolanos no ha disminuido, pero sÍ la calidad de lo que ven, mezcla de alcohol es de dudosa procedencia se han puesto muy populares por su pago, costos, pero tambiÉn ganÓ tko las muertes a treinta y nueve este aÑo por intoxicaciÓn alcohÓlica, que vienen en lata y hemos opuesto mÁs. es un peligro como es hoy kamo por pero la escasez de bebidas de cali

. >> nancy tang letter, thanks, as alwa >>> merck pays billions of dollars for a biotech.'s where wein tonight's market focus with the drug maker ying arcual. the deal will expand its cancer treatment offerings beyonddr ig ow keytruda. shares of arcual were down. fellow drug maker sanofi is sharpening its synthorix. it aims to boost the immune system's response to cancer. the drug is ins the early sta that report sent the stock up. sanofi was down more tha 1% to 4530. >>> canopy growth has a new ceo. constellation is canopy's largest shareholder, it has a 38stake. stock rose 14% today to 21-29. >>> morgan stanley is cutting 2% of its workforce. the jobs c will come from technology and operations roles. the bank has approximately ,000 employees. 4960.tock fell a fraction to toll brothers reported better than expected earning in revenue. the home builder also reported a 35% drop in profit from a year ago, hit by lower margins from home sales. shares were volatile in after hours trading. they closed t regular session up 1% to 4142. >>> cannything get in disney's way athe box

take a look at the stock of merck. a picture of health, you could say, as we head into the close.hares leading on the dow 30, just behind verizon. this after the company winning fda approval for its first ever ebola vaccine. merck up $152 at this hour. >>> by the way, with just five days to go until christmas, how about telling your loved one it's on me. up next, we've got a startup that's looking to make plastic gift cards a ghost of christmas past. we will talk to the creator and investor in this gift-giving revolution. don't go away. "the claman countdown" coming right back. (brakes screeching) okay. so, today you're going to leave your phone with a guy named flip. (ding) but it's more than your phone, it's your business, your customer data, your sales figures. and who can forget, those happy hour selfies? not flip. (honking, gasping) this isn't working. introducing samsung business security solutions, with knox software. with the galaxy note10, you can remotely wipe data or lock phones, so your business is secure even when your phone isn't. samsung business solutions. male anc

look at merck at the moment. it is flat but if you really look at the headline around it, it's spiking. merck is buying cancer drug developer arqule for $2.7 billion in cash. it's doing so to enhance its portfolio of blood cancer treatments. the same quest for lucrative cancer drugs has french drug maker sanofi buying synthorx in a cash deal worth $2.5 billion. synthorx is having probably the best day of its entire life, up 170% right now. sanofi moving lower by 1.5%. diplomat pharmacy has agreed to a $300 million buy-out offer from united health care at the rate of $4 a share. that's a 31% discount to diplomat's friday close. diplomat right now is down 32% and it is not at $4 a share at the moment, it's at $3.91. united health care group is down about half a percent. >>> bankrupt power producer pg & e is off session highs but still up, double digits. 17% right now, after it reached a $13.5 billion settlement with california wildfire victims. that clears the way for it to eventually emerge from chapter 11 bankrup

said imaginal if in world war ii, one of our major cabeza guess what, i'm not going to work with you, merck and pentagon because i have to get a foothold in japan. maria: 1000 issue. i am hoping this is just a short period of time where companies are trying to learn how to deal with employee suit based on social issues. it is true that kids today are kids are protesting on college campuses on people thought that was bad and it turned out to be net positive. i say were going through it. but effectively he is right. we need our biggest and smartest companies. we can't break them up. because they are the best sources of ai intelligence for your us right now. because the government doesn't have coherent policy. maria: thank you for your and more. thank you for your and more. be brilliant. be the diamond you are. find dazzling deals on diamonds and more at the zales cyber monday sale. get 30-50% off everything, plus extended black friday specials, including this stunning 7-carat diamond bracelet. exclusively at zales, the diamond store. sleep number 360 smart bed.s sleep number event on thet dia

said imaginal if in world war ii, one of our major cabeza guess what, i'm not going to work with you, merck pentagon because i have to get a foothold in japan. maria: 1000 issue. i am hoping this is just a short period of time where companies are trying to learn how to deal with employee suit based on social issues. it is true that kids today are kids are protesting on college campuses on people thought that was bad and it turned out to be net positive. i say were going through it. but effectively he is right. we need our biggest and smartest companies. we can't break them up. because they are the best sources of ai intelligence for your us right now. because the government doesn't have coherent policy. maria: thank you for your and more. thank you for your and more. ♪ oh, ho! oh, ho, ho, ho! you... you got me. uh, what do you want? i've got uh, ai robots, i've got vr goggles. i want your sled, please. no. [ chuckles ] timmy. it'd be a shame if this went viral. for those who never compromise. the mercedes-benz winter event. whoa. he was pretty good this year. as a doctor, i agree with cdc g

time magazine has named climate activists gretta to merck as person of the year for $22.00 you know this once came hours after tim burke addressed the u.n. climate conference taking place in madrid spain a 16 year old has emerged as a leading advocate for immediate action to address the global climate crisis way through on. this is it every news from berlin for more follow us on twitter at g.w. news or visit our website w dot com. coming up next made in germany looks at how digitalisation that is changing our shopping habits for now on behalf of the entire thank you so much for watching we'll be back at the top of the hour with our world headlines. from around the world are in a shopping frenzy. online sales are going to line up for christmas. retailers. and our culture of publishing business is here for churches to be encouraged to. be in germany. because and now to look at me affectionately which was affectionately as you can. slap the mayor putin in the middle of his election campaign in the year 2000 a documentary was filmed for russian television but director vitali months of cultur

. >>> "reuters" reports merck received fda approval for an ebola vaccine.he first time the fda has approved a drug to fight the deadly virus. the vaccine was used by the world health organization and the democratic republic of congo to help reduce ebola outbreaks in the west african countries from 2014 to 2016. the ebola virus has killed more than 2,100 people in congo since the middle of this year. >>> and the "washington post" says a photo of black medical students standing in front of a former slave plantation received wide support on social media. 15 tulane university students dressed in white lab coats posed in front of the louisiana plantation about 35 miles west of new orleans. they are descendants of slaves. one of the students says the idea for the photo came to him when he visited the plantation which is now a museum with his daughter over the summer. >>> still to come, a new privacy breach at facebook. the names and phone numbers of hundreds of millions of facebook users were exposed on line. xposed on line. (avo) when a nasty cold won't let you

a german environmental group affiliated with eco activists credit on merck has caused outrage by insulting the older generation the youth group fridays for future germany posted a tweet saying why do our grandparents keep lecturing us every year they will soon be gone whether they were being silly or sinister german politicians including the environment ministry were quick to fire back i do think you are doing yourself any favors with this tweet you can get crazy every time you get any criticism and constantly demand more respect then throw a tantrum it undermines your legitimate concerns climate protection is everyone's concern and as a social g.t. for every generation. tasteless and glad that the majority of young people in germany do not think this way we must be respectful to other generations and that only during christmas after the backlash the activists issued an apology saying it was a joke larry berra from the reactionary times opinion website things that in any case the arguments and the climate debate are somewhat overblown this type of rhetoric in these types of tweets and you

today if you're at the sports bar hanging out of the tailgate when people go intelligent and say merck's history, everybody is proud of their history everybody is proud of the past but were an exceptional nation and i want to give you more proof and more illustrations to go to bat with and look around and say when i was born in america i hit the lotto and every day we have a chance to play in the super bowl. all we want is a chance to be successful. we don't want to guaranteed or the outcome decided, we don't want guaranteed a thousand dollars, we just want the landscape cloud the best we can have an equal chance of being successful. i thought if i tell a series of those stories maybe you can take that away. while we doing this we try to find another story after the miracle of new orleans and i keep going back to texas, anybody hear from texas. [cheering] you guys are so prideful of your past, i did not know there were such a blend between texas history in american history. i thought for nine years they have their own thing going, that was fine but i did not look at the 1800s texas was w

said imaginal if in world war ii, one of our major cabeza guess what, i'm not going to work with you, merckentagon because i have to get a foothold in japan. maria: 1000 issue. i am hoping this is just a short period of time where companies are trying to learn how to deal with employee suit based on social issues. it is true that kids today are kids are protesting on college campuses on people thought that was bad and it turned out to be net positive. i say were going through it. but effectively he is right. we need our biggest and smartest companies. we can't break them up. because they are the best sources of ai intelligence for your us right now. because the government doesn't have coherent policy. maria: thank you for your and more. thank you for your and more. ( ♪ ) sure, the content's easy. but then you have to connect, download, edit, reformat, output, save, send, upload... still uploading... and maybe eventually post. this isn't working. introducing samsung business video solutions. with the galaxy note10, you can shoot, edit and post thumb-stopping videos, all from one device. sams

said imaginal if in world war ii, one of our major cabeza guess what, i'm not going to work with you, mercktagon because i have to get a foothold in japan. maria: 1000 issue. i am hoping this is just a short period of time where companies are trying to learn how to deal with employee suit based on social issues. it is true that kids today are kids are protesting on college campuses on people thought that was bad and it turned out to be net positive. i say were going through it. but effectively he is right. we need our biggest and smartest companies. we can't break them up. because they are the best sources of ai intelligence for your us right now. because the government doesn't have coherent policy. maria: thank you for your and more. ♪ may your holidays glow bright and all your dreams take flight. lease the c 300 sedan for just $399 a month at the mercedes-benz winter event. hurry in today. i am totally blind. and non-24 can make me show up too early... or too late. or make me feel like i'm not really "there." talk to your doctor, and call 844-234-2424. doctor bob, what should i take for b

only merck is surviving the carnage for the time being. these are all pretty much multinational concerns, if you think about it, that are exposed to all of this. today, not in a good way. more after this. no, it's not in my records. you've got a lot on your plate. deliveries. billy, come in. shift times. i just need to know if it's there. compliance. can i get your 20? for 100 drivers. doug... doug? and where is doug? he should be sleeping. so should you. just because you're married to my sister, you could lose this job, billy! this isn't working. introducing samsung connected fleet solutions. with the galaxy tab active2, you can track driver shifts and timesheets and meet eld compliance, all from one device. samsung business solutions. and my lack of impulse control,, all from one device. is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the dummy now? whoof! whoof! so get allstate where good drivers save 40% for avoiding mayhem, l

. >> i heard a little bit about merck as well the backup of all the data it was a hot backup rather than a cold one so they could more easily update their backup and that was destroyed as well. companies are making efforts but it is an extra bit of defense that you never actually expect to arrive. >> i think they are doing it now it's hard to know but that they are learning their lessons until they win the hard way because this is what we should be spending money on. >> we are out of time thank you for chatting. we could go on and on but we are out of time. i cannot stress enough the way the book put the context of the physical cyberthreats in the proper place is remarkable. [applause]

the ftse 100 up 0.1% as well merck has received fda approval for the ebola vaccine. those shares moving to the upside there check out what is happening overall. america shares up in the extended hours of trade. reportedly near a deal to buy a minority stake in mira max expected to give viacom the right to distribute. the wawa chain says a data breach may have been affected. malware had been discovered. wawa is unaware of any unauthorized purchases and affect the all 850 stores in pennsylvania, new jersey, dell, maryland, virginia, washington, d.c. and florida so if you are a wawa customer or regular, keep an eye out >>> the final democratic debate took place last night and saw candidates tackle things ranging from the impeachment proceedings, to trade and the economy as well. >> you are talking to somebody who unlike some of my colleagues here voted against nafta, voefted against pncr with china, two agreements that cost us over 4 million good-paying jobs >> 95% of our customers are outside of our borders >> gdp and corporate profits are at record highs. also record

that latest move up and that's -- that's the same for many of these healthcare related companies. >> merckbvie is doing so well i don't know if you know the abbvie/allergan deal, a prescient deal they have the cgrp, one pill, acute pill for migraine, as a spokesman for the american migraine foundation, not amf like the bowling company, this is the -- this is the holy grail to be able to take the pill for migraine and that allergan has it and will be introduced the first quarter. very positive. >> look at abbvie, they're waiting for various approvals there. >> closes for the second quarter? >> i don't know. i'm not saying that. still waiting. >> i think these mergers were proving to be very strong and they were done during the period when elizabeth war wanz cleren front runner >> her numbers have come down. >> what is that? >> we'll see. >> it's early. >> mayor pete, what were some of the companies mayor pete did work on? >> he was in his 20s what do you mean work? >> best buy. have you seen that stock you think you can relate his work to strengthen best buy? >> no idea. >> the answer is no

carol: with got talk about that the merck 50. jason: who has the most subscribed youtube channel? biggest dealmaker? i just have fast did popeyes run out of the fried chicken sandwich? bloomberg editors from around the world answer those questions and many more for the third annual list. carol: we cover a lot. it is a look at the finance, politics, and science and 2019ology, whose complements merit recognition. >> it's not a lifetime achievement award. this many people i want to put on this list, but they don't have data for a metric to sort of proof why we should include them. so, a lot of it is looking at the numbers, figures, and saying they did have a great year and we can show this to a stock price going up or acquisition or a million other ways. i'm always curious about the debates you have because disney has to be on this list. no, they don't have to be on this list. bret: there is a lot of that. every year, i think this person is going to be on the list. and they wind up not on it. that sort of happens because we decide either the metric isn't strong enough, there it wasn'

vaccinehas approved a developed and made by merck.was found in the 100% effective when given at least 10 days in advance. the tests were conducted in guinea during the 2014 22016 outbreak. an ongoing outbreak in congo has killed more than 2000 people. notre dame kept christmas going throughguinea two world w, but a fire has stopped the cathedral from celebrating midnight as this year. it is the first time the landmark will be dark in more than two centuries. officials say restorations and repairs from the april fire could take five years. global news 24 hours a day, on-air, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. it is both an honor and a disappointment to be the lone candidate of color on the stage tonight. the question is will you might alone color a candidate that candidate of color on the stage? you know when you need to donate to political campaigns? disposable income. david: that was democratic candidate andrew yang last night

the food and drug administration approved a vaccine developed and made by merck.found to be 100% effective when given at least 10 days in advance. the tests were conducted in guinea during a 2014 the 2016 outbreak. an ongoing outbreak in congo has killed more than 2000 people. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. sec reportedly sec is reportedly invested getting the listing of slack and others. it focuses on how trade was handled on the company's first day they listed publicly. for more, let's bring in bloomberg's u.s. finance editor michael moore. we don't have a lot of details on this probe yet. we know there is growing interest from all parties on these direct listings. mightbout the structure investigators just be sort of interested in knowing more about? michael: it is hard to know for sure. declining to comment at this point. anytime you have a hot new structure or product, is going to attract some attention from inves

if we saw that already this week with the announcement of merck and the expansions to expand the thecer drug treatment market alone is $123 billion market. it is expected to double in the next or years. while we cannot ignore the political risk and the political intorop, i think we going 2020, even if we have a slower growth environment, health care as a sector makes a lot of sense. miracle mileht, investment advisor, thank you for joining us. still to come, saudi aramco makes the trade and give you later. we will discuss expectations for the stock and reports that may chase it into national listings. this is bloomberg. ♪ shery: you are watching daybreak asia. after staging a record-breaking ipo, saudi aramco will make its debut later on wednesday. it will suppress apple as the world's biggest listed company. just free flows of 1.5%. they are the envy of the annual trade jessica summers joins us with more. what does it mean for investors? ipoica: it sold 1.5% in the the free flow is among the lowest globally. the largest companies like amazon and microsoft, they had 80% of the equity

let's check it on the blue merck word news with ritika gupta. historic day on capitol hill. after hours of debate, the democratic-controlled chamber is expected to make donald only the third u.s. president to be impeached. is accused of abuse of power and obstruction of congress. impeachment would set the stage for a trial in the senate next month. the republicans who control that chamber have made it clear they will acquit the president. conceding defeat on trying to stop a gas project between russia and germany. american officials have long -- officials have long perceived to the nord stream 2 project as a threat to european security. governor isrve raising red flags over facebook's proposed libra project. she told an audience the digital currency could pose a danger to consumers and financial stability. she also said it could be a valuable tool to criminals. india's top court will take a look at the country's proposed religion-based citizen jack -- citizenship act. discriminatoryis because it bars undocumented muslims from pakistan, afghanist

only merck is higher in the dow, and only very fractionally.ve an elevated vix close to 17, after a few days of volatility. copper and steel companies performing the worst, clearly a china and trade story. miners inrope, the the oil stocks having the toughest time. stocks doing well, wirecard trading higher. cac 40 down by around 1%. luxury stocks under a little bit of pressure today as a result of that spat between paris and washington. the close is next. this is bloomberg. ♪ when you move homes, you move more than just yourself. that's why xfinity has made taking your internet and tv with you a breeze. really? yup. you can transfer your service online in about a minute. you can do that? yeah. and with two-hour service appointment windows, it's all on your schedule. awesome. so while moving may still come with its share of headaches... no kidding. we're doing all we can to make moving simple, easy, awesome. go to xfinity.com/moving to get started. guy: 30 seconds until the end of trading in europe this tuesday can. a mixed -- this tuesday. a m

. >> reporter: and i'm in orlando for good mom merck and i just wrapped up an exclusive interview with pat say talked about the emergency surgery and what is next health wise. you said they had to operate right away. was it life or death? >> well, my blood pressure had fallen dramatically. they had to wait until it lifted a bit so any could do the surgery. it was tough on leslie and my daughter. i mean, they don't know if i'm coming out. it is intense, it is debilitating. you can't move. >> and coming up you, we'll have more of our interview with pat say chak and wh say jack and what is next for the show. >>> and abc news will be having a two hour special looking back at the year 2019. it will air this sunday at 9:00 p.m. >>> today we're expecting to see the dawn of the u.s. space force. we have details on how president trump's new venture will look at the start. >>> here is a look at the entire country. pretty quiet unless you are in vancouver, seattle, portland on you browor brownsville, texas, s pretty quiet. and you can see it is just those areas that will be wet. so today as far a

>> the site they're at was the old merck site.imity to airports and the businesses they work with. cheryl: what about fun things to do there? >> clinton, the red mill is one of the most photographed locations in the state of new jersey. cheryl: we're looking at pictures now. they're beautiful. >> we do the haunted mill in october. if you want to get a good scare, that's a good place to go. we have people lining up for hours to get in. and then it's just this friday's our papa raid. cheryl: the rubber duck erase, i want to come to -- ducky race, i want to come for that. >> you have to go in the river and collect the ducks as they come over the falls. cheryl: then never mind. and the spruce run reservoir. people can go fishing there. >> fishing, boating, swimming. cheryl: what do you think attracts people to live there? >> the proximity to the city makes it easier. my husband travels into the city for work. it's a small town. everyone knows everyone. i grew up there. when i was having my family, i knew i wanted to come back to that

well, the conservative mp, merck friends while, is the deputy chairman of the pro—brexit european researchigh that this results should allow the government to fulfil the result of the 2016 referendum. it's tremendous. i mean, i'm looking at that vote, and i double checked the figures with diane abbott some of the government cosmic majority was 124. so, even biggerthan of the government cosmic majority was 124. so, even bigger than its actual majority of 80 in the house of commons. who all started with you? we will have to go through the division lists to be accurate. perhaps some labour mps that have got the message from what happened in the general election, i would be surprised if there were many liberals. i think probably the dup would've voted with us i suspect. so, we will need to go through all the details when the dust is settled, but the bottom line point is that the house of commons has voted emphatically for the brexit bill to take us out of the european union, and we have obeyed the instruction that was given to us by the british people in the general election. that was mark fra

merck, eli lilly, johnson & johnson, surely there's got to be a deal there lurking. i could go on and on we have way too many companies that need to find ways to accelerate growth. buy another business ninth, i want fewer ipos every time investors want some newly minted ipo, they need to sell something else. that's how deals put pressure on the market it was too easy to become public until the wework debacle while venture capital is fine with financing rapidly growing companies that lose money, this market deserves a scintilla of property stop it with the bogus chinese companies that are clobbering the market ten, i want the ten companies i like to change their names so people can understand what they really do. who needs a name change? how about opta, kupa, mongo, z scale, livendale and zen desk. all of these sound like they need to do that. my daughter took a walk with me she tells me, dad, i want to be the chief operating officer of, and she closes her eyes. she spins around she spots a building and said, octa i asked her, do you even know what octa does her respo

merck acquiring argule both deals are valued at $2 billion and both get access to cancer treatments. investors in both companies have gained in a year more than 430%. obviously including the buyout premium. but they were on fire before it. news of the deal set the xbi rallying back to its highest levels in more than a year with all this wheeling and dealing, can the biotech breakout continue? >> 100%. and this is not speaking in a vacuum i know pete has been talking about this we've been talking about this space now literally the last couple of years and mentioned names. amgen continues to make all-time highs, reasonable valuation, tremendous pipeline. just some good news on the fda front. i think amgen can go higher fro here there are deals taking place and i think the stocks relatively speaking, the ones with the pipelines, are still very inexpensive. to answer your original question, absolutely, yes. >> i think we're back to those days where people are starting to look for their -- they say it would have cost us at least that much if not more to get to this point. talking about a

amy: that is wedded to merck in our new york studio when she first arrived in new york, when she first took a zero emissions sailboat across the atlantic to new york. i want to turn right now to portugal, lisbon, portugal, where a young climate activist is speaking before greta addresses the crowd -- where she has s also just landnded. here and representation for fridays -- future for fridays in portugal. like -- all, we would first of all, we would like to give a warm welcome to grereta d her crew and we hope you enjoy lisbon. wewe are a youthth movement t tt fightsts for climate justice. we fight for climate jusustice because our house is on fire and because our houses is on fire, we have organized and strike for the climate together with thousands of students many times this year. our demands are simple. in portugal, we need to reach carbon neutralitity by 2030. we need d to keep fossil fuels, inclcluding g g, in the g groun. we need to provide clean energy for all and we need to cancel new airport projects. because we need a system change, not a climate change. s still f f from win

arqule up 103% because merck is buying them. i'll send things back to you. >> dom, thank you very much. we are, as we noted, in the longest economic expansion and bull market on record. is this as good as it is going to get is there more room to run? depends on what indicators you look at. mike santoli joins me live with the story. take it any direction you want, but i was interested youed a dre addressed this topic with roger altman a couple hours ago, and his answers were interesting. >> absolutely. tyler, obviously, we know we can't entirely gauge when a cycle is going to end by the chronological age. right now, the signals within it are mixed. first of all, there is an inherent trade-off between a slow recovery, which we've had since 2009 and expansion, and a long one i think the length and durability of this says something about the fact it's been relatively plotting it also depends on what parts of the economy you look at. there are things that look, at least on the surface, to be late in the cycle employment, 3.5% unemplo

any company that seems like there's a head start in a promising treatment, they're going to buy merck shares are flat on the day. obviously, a small deal relative to the size of merck they'll encourage that kind of thinking among the drug companies. >> where do you stand in this biotech space? >> i think it will continue to go on like this. it's about the free money, the capital that we've been talking about. that makes it easier and easier for these big pharma companies to gobble up anything small that looks like it has a promise. >> mike, more broadly, we have seen a flurry of deals in this space, not just biotech specific, but broader. do you think the health care companies is just feeling a little less concerned about the political outlook or what's going on >> yeah, or this particular type of activity does not seem to bear upon the drug pricing controversy very much at all they're basically looking for these kind of treatments that would kind of leapfrog what's going on right now it's not just about existing drugs. >> just under ten minutes left we're down 80 points on the dow. a