mr. pearson and mr.n, in light of your regret that you have expressed, what specific actions are you taking? are you going to lower the drugs andthese four other you have acquired, where the price has been hiked, so that they become mr. -- more affordable? mr. pearson, i will start with you. yes, we have been too aggressive on price increases. that is why we took the step of offering the discounts. we have not raised prices at all this year, in terms of neurology and other business that we have, -- our mostproducts important divisions, which are dermatology and bausch & lomb, we're reducing drug prices through walgreens. these are consumer products, so people pick those up at retailers. we do have a fair amount of investments that we make commitments to. rochester,ng jobs in where we are investing over $500 million of capital and creating a lot of jobs in st. louis. we have expansions in greenville, south carolina. we make expansions to people and capital. $4 million spent on research and development. so

mr. pearson lefrg, mr. papa coming in?ll, a new captain might sound great but it's the ship that matters and we see the business remains weak and the pricing -- with pricing strategy that they tried to use for the last few years that, gain is up. >> steve weiss? >> you mentioned they are still raising prices even recently. why would they possibly do that? >> it's amazing, isn't it? you know you're speaking before a senate committee. you know the senate is looking into it. but meanwhile in, january, they raise price on 16 different drugs. it's one thing to do an apology tour when leaving. but the real thing is what are you doing? what are the actions? are you rolling back price? no, you're not rolling back price. you are giving that back to the consumer that paid too much? they're not doing any of that. >> so you're saying that they should never be allowed to raise prices on any of their drugs again? >> well, it's slapery slope, right? if you control price for one company, you control it for all of them. and that really hur

mr. papa takes over as the ceo in early may. michael pearsonas the long-time ceo of that company. a man who helped build it and then watched it lose a great deal of market value. >> it's interesting that joe maintains obviously his cred, street cred that moved valeant up. yet when i look at the tatters he left perrigo. >> really? that's what you call it? >> it raises eyebrows. my eyebrows are raised. >> they are? >> yeah. the decision for him to depart under what is probably a terrible moment for perrigo given the fact that much seems to have been reversed of late. that's tough. >> i'm sure a number of large shareholders are calling up mylan and saying any chance -- can we get another shot at that? how about bringing back that tender? please? >> i think they'd probably take a look at that omega deal with the impairment charges. >> yeah, if you're rob cory you're like, sure, how does 110 look? >> i don't know. but how does xerox look. >> i was just going to mention xerox. up by a penny although revenue was ahead. cutting guidance they say based

mr. pearson, we'll begin with your testimony. >> chairman collins, senator mccaskill and members of the comphooommittee. thank you for the opportunity to appear today. i have served of valeant's ceo since 2008, with an announcement of the new ceo, i will be leaving soon. we're now a global pharmaceutical company with 22,000 employees and approximately $12 billion in revenue. in the united states, we are leading dermatology, gastro, intestinal, ophthalmology, with brands like bausch and laum, retton-a. >> and price increases have overshadowed our activities in these areas and i recognize that we therefore need to work to regain the confidence of congress, the public, doctors and patients. as we grow rapidly, we made many decisions of which i am proud, such as launching new drugs, investing in r & d, and manufacturing here in the united states. but we've also made mistakes including those that bring me here today. in particular, valeant was who aggressive, and i as its leader was also too aggressive in increasing the prices of some of our drugs. in hindsight, i regret pursuing transactions where

mr. pearson, one drug.hat you didn't raise the price on after you aqu50icquired it. >> not in the united states. >> well, that, again, is the issue. you know, the question is pertinent to their business model, but again how is this rippling through the industry? how much of an issue is it for you guys? >> well, i think the insurance industry six years ago was brought through the crucible of change as a result of our prices as they faced the marketplace and the fact that a lot of people couldn't afford it. that resulted in plan designs where people had to pay out of pocket in order to reduce the prices. those plan designs have people paying for their drugs, and thousand they're seeing the very tight connection between the cost of drugs and the cost of premiums, and this has been a problem we've been dealing with for a long time and now it's coming to the light of day. >> yeah. let me go back to obamacare. you said something intriguing to me and this is going to sound like a loaded question and maybe it is, b

mrs. jones bree pearson was born in san francisco in january 12, 1948. she was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in an

mrs. jones bree pearson was born in san francisco in january 12, 1948. she was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in an

mrs. jones bree pearson was born in san francisco in january 12, 1948.he was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in and

mrs. jones bree pearson was born in san francisco in january 12, 1948. she was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in an

mrs. jones bree pearson was born in san francisco in january 12, 1948.he was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in and

mrs. jones bree pearson was born in san francisco in january 12, 1948. was an incredibly smart woman she was graduating from mission high school at the age of 16 and she received her bachelor's degree from phoenix university. she was a faithful member of providence baptist church and she lived in her verna heights for 26 years. she worked as a wreck director for over 20 years with a lot of kids in the community at the playground where i grew up as a kid at the playground. she also volunteered for organizations like the economic opportunity counsel that addresses problems in the city like providing resources and childcare for low income familiesin the city's. she provided grants for foster children and was very active with the sfop she received a community service award that she was very proud of. last year she is recognized by the healthy heroes campaign for her extensive community service and healthy lifestyle. her picture was displayed on several buses throughout the city of many of my family members would take pictures of them and tweet them in and sh

pearson. always appreciate your time. thanks for being with me. >> thank you. >> let's start with mr. trump's appearance this morning on "today." i want to play a piece of sound from the town hall. this is where he talked about transgender people, using quote, the bathroom that they feel is appropriate. here's what he said. >> there's a big move to create new bathrooms, problem with that is for transgender, first of all i think that would be discriminatory in a certain way but it would be unbelievably expensive for businesses and the country. leave it the way it is. >> let's talk about abortion, another potent social issue. the republican platform every four years has a provision that states that the right of the unborn child should not be infringed and makes know exceptions for rape or incest or life of the mother. would you want to change the republican platform to include the exceptions that you have? >> yes, i would. absolutely. for the three exceptions i would. >> katrina, those two positions right there on transgender bathroom use and abortion, you've got a number of folks, ted

pearson. thanks for much for joining us. >> hi, wolf. great to be here. >> as you know, mr.lican national committee today in this op ed in "the wall street journal." is the trump campaign right now at war with the rnc? >> no, i don't think we're at war with the rnc. we are actually exposing these quote/unquote rules everyone is talking about. and a lot of americans who have felt the system is rigged, now they know how the system is rigged, even though reince priebus says these delegates are elected by the voters. these delegates are selected by a system that the party puts in place that allows those political operatives for that party to make those decisions. >> it sounds to a lot of observers, and you've heard this, it sounds as if donald trump wasn't familiar with the rules going into his race for the white house. >> that's not the case at all. we could have had 1,000 paid staff on the ground in colorado, and it wouldn't have made a difference. they had already decided to use pro-trump supporters as a filter. they are doing it in indiana, all over the country because it's

mr. kent? >>> valeant pharmaceuticals cleaning house, making sweeping changes to its board after outgoing ceo michael pearsoned on capitol hill. accused of gouging patients and hiking prices to award investors. >> we've made mistakes. in particular, valeant was too aggressive, and i, as its leader, was also too aggressive. in increasing the prices of some of our drugs in our large portfolio of products. in hindsight i regret pursuing transactions where the central premise was based on an increase in price. >> joining us now with more on the valeant hearing and drug prices chair of the aging committee, senator susan collins from maine. senator, it's great to see you. and welcome. >> thank you. >> i wish it was an absolutely free market because that would make no sense if there were competing drugs for what valeant had. that's what -- that's how the marketplace takes care of itself. and i know you know full well we don't want to curb innovation at companies that are truly trying to do the right thing and recoup their investment on maybe diseases that are not that prevalent. that's a quagmire trying to get this

pearson earlier today. it's good to know there's always someone they don't want to let in the country. but the fascinating thing is when you look at what mr. mccallum is going to say, he says we're not going to have the chaps committing the gang rapes. no, we're screening for them. we're screening for them. no western government, if you have ever been, had the pleasure of undergoing so-called secondary interrogation as this suspicious character did earlier today, you will know that no western government has a clue about who it looks -- who it lets in. the person who committed the san bernardino crime, as you say, she had a green card. that was a -- she basically used the jihadist dating site to put together a terrorist cell. it was an arranged marriage for the purpose of committing terrorism. and she aced something because it's money no object down south. it's not like here where it's just whatever it's called this week, the cbsa. there's just one little agency dealing with it. they've got like 97 agencies south of the border looking at this woman. she aced five separate tests and she still got into the country. america takes the view it

pearson institute. our negative rates and particularly further, deeper rates, a positive prescription for europe and for japan? adam: i don't think so, but for different reasons than mrgative rates work well if you're small open economy where capital flows are dominant. singapore, negative rates work well. if you are japan or italy, you have a bunch of savers who are very stick in the mud, and negative rates are not going to do very much because the capital flows aspect is a small aspect. you are just going to get the negative political backlash. like japan is facing with negative rates, they either try to protect savers, in which case the effects are hugely diminished. or they do not protect them and they say what is going on here. they were for small economies, but not for large. tom: the idea of negative rates, have we tested it, or do we need to go further to get the beneficial effects from negative rates? ken: we have to have a framework in which negative rates can effectively work, where they can be open-ended, where you clear the way various institutional ops. they have not done that. i do not think you can say anything meaningful about it. i would disagree wi

mr. trump to go into the state and again even if there's a personality conflict between donald trump in a voter come at the end of the day, the issues for now. tragic that it's katrina pearsonm a spokesperson donald trump. she thinks they're headed for a win tonight even though donald is five to six points behind in the polls as we speak. the opening bell ringing. and 10 seconds, the trading day this tuesday morning will begin. we are expecting a decline from the get-go. 9:30 as of right now. we are off running and wear down 20 points. 50 points in a way we go. should be down 100 by the time everything's opened up in way of running. adam shapiro joins us this morning. liz mcdonald, todd horowitz. why are we going down 100 points to the opening bell? mike murphy. >> a lot of it has to do with pfizer. the component putting pressure on the stocks and overnight weakness outside of china you had japan so you're getting outside of global worry coming into the marketpla remember, a nice rally from the mid-16,000 range up to almost 18,000. drink to pfizer is not a matter of the dow industrials hear todd coming commanded us. why is the market down today? they met good morning, stuar