has not increased in novartis' portfolio. given the structure of the markets and the rebates we have to pay, net prices have been flat to declining. >>> ericsson jumps towards the top of the stoxx 600 after a surprise profit in the second quarter boosted by positive momentum in north america. i'll speak to the ceo in about 20 minutes time. >>> shares in the assassins creed videomaker hit a high thanks to a strong first quarter sales. >>> and jay powell says countries that embrace protectionism fair worse >> for now the best way forward is to keep gradually raising the federal funds rate on the one hand raising interest rates too slowly may lead to high inflation or financial market excesses. if we raise rates too rapidly, the economy could weaken and the economy could run below our projecti projection >>> good morning as you can see, it's been a positive start to the day's trading here in europe with the stoxx 600 up almost a half percent at this stage. a lot of those numbers coming in in terms of earnings seeming to help tha

liz: okay, which could the stock of novartis slightly down, not really hurting them, look who is hereegel, they are freezing prices, stock hardly taking a hit, you want roche and novartis, and gilead, other drugmakers, saying we're not going to hike drug prices for state plans, is it working. >> it is, by the way there is more irony, california law that you talk about, a transparency law, guess who passed it? democrats, guess what it says, have you 60 days to notify in california drug transparency if are raise prices more than 16% that and president's tweet causing drug companies to back down, democrat should be celebrating this. liz: they are not. >> no because president trump played a role, novartis, has a huge blockbuster drug. that we use for soar -- they are dialing back, and mor. it is not clear what the overall impact will be, but this is steps in right direction. liz: drug price inflation has been double digit for years. get to u.s. secretary of he'll h and human services. he talked to stuart varney earlier. >> this is the pharmaceutical industry seeing the writing on the wall

this follows similar moves by novartis, pfizer and the u.s. merck. >>> tesla's batterymaker has suspended one of its cobalt suppliers over concerns that it mined in cuba. panasonic, the exclusive supplier of batteries to tesla said it was unable t determine how much of the cobalt used in the tesla batteries had come from cuba it suspended its canadian supplier after reuters asked about the cuban cobalt. >>> coming up, atlantic council ceo fred kempe will talk trade,

drugmaker novartis is reportedly freezing prices in the u.s. for the rest of the year.his follow as similar move by rival pfizer. >>> baltimore now banning suggest todayry drink like soda from kid's menus from restaurants. parents can still order them for their children. pennsylvania supreme court is

novartis shares climbed 3% to $80.96.its full-year earnings forecast after top quarterly expectations. thema devir said there was strength across its businesses and the medical devices unit saw considerable growth thanks to a newly launched glucose monitor. shares rose 3% to $63.75. morgan stanley beat expectations as they raised in investment bankingnd wealth management businesses and it raised the quarterly dividend to 20 cents a share and launched a nearly $5 billion share. shares rose to $53.56. after the ebay beat on earnings and missed on sales even as ite added m active buyers. the e-commerce platform also gave revenue current quarter and for the year. that was a little bit light. shares of ebay fell initially in the afterut hours, finished the regular session up a fraction at $37.95. >>> bargain hunters rejoi. by one estimate there were more than 150 retlers offering deals over the past day or so to compete with amazon's primeay. target said yesterday it was its biggest online day of the year so far for sales and

novartis is the second u.s. drugmaker to announce it will not increase drug prices this year.ast week pfizer said the same thing after donald trump waded into the freight. fray. he lambasted pfizer for raising prices and accusing the company of taking advantage of the four. since pfizer backtracked, saying it would postpone price hikes. novartis told bloomberg the decision to pull the price tags was the prudent thing to do after looking at the u.s.'s current policy environment. that is all from business news. annette: it is time for the press review. for headlines around the world you are starting with the situation in nicaragua where government forces have regained control of the city of messiah, which is in the center of those antigovernment protests. paper, thehe editorial. it is the name of a neighborhood where protesters set up -- thedes and where nicaraguan paper condemns the use of extreme violence by forces loyal to president daniel ortega, and said while protesters may have been defeated they will soon rise again to defend their freedom and dignity. the violence must

novartis recalled certain pills in blister card packages -- including zofran. the company says there is nothing wrong with the medicine. the problem is with the packaging. it does not meet the u-s child resistance standards. one child swallowed medication from one of the packs. the same prescriptions in bottles are not affected by the recall. if you have medication from novartis in a blister card package, put it out of reach of children and call company's customer service number. (marty)insurance companies are slowly getting back on board with obamacare. according to the kaiser family foundation, more than a dozen insurers who thought about leaving the affordable care act exchanges, are coming back for 20-19. experts say insurers made enough money in the private sector last year to return to the public marketplace. analysts say that the inability in congress to repeal obamacare, makes the future of the plan seem a lile more stable. and with more companies competing in the market, it could mean better prices for consumers. ( dave )heating up again, this saturday

this is a man who is transforming novartis, focusing on prescription drugs.bsolutelyidance is bang-in. it is confirmed. a have a little bit more of 7:30 u.k. time. anna, you are never far from brexit. go on. >> you have a strange impression of my weekends. company is selling off its chemical business to carlisle by the year's end. they'ves not look like impressed on second-quarter numbers. $2.45 billion is a shade below estimates. adjusting operating income for continued operations also below estimates. statements are coming through from them. they talk about conditions still challenging businesses. inflation is projected to continue in 2018. riseeraterial prices show a at the start of the year. upward inflation from raw materials is still being factored. how will they manage to deal with that rising cost pressure? cost-cutting is planned. u.k.ll be joined at 7:30 time. looks like they have beaten even the highest of estimates coming through in the 6.0 --quarter, nothing billion -- netting billion in terms of swedish krona. a nice performance at this bank ove

seeing desperate acquisition, looking at novartis buying the company, gene therapy company. look at these gene therapy companies the way they are trading. you're going to see basically -- i can name six that will do away market cap is too small to mention on the show. talking about $200 million market cap, they will go for significant premiums got taken out for double valuation. they paid $8 billion for this company, that's telling you how desperate. >> it's about the sector what we know, edward, we know managed care one of the top 50 stocks it's all about the big drugs waiting for the sectors in the big drugs and certain biotech. for the first time those are starting to show some life that's what gets the whole thing going. if you do get up, johnson & johnson started a week and a half ago, now all of a lily, pfizer, merck kicking in that's where the money is. that's the offensive, defensive part of the sector defensive holdings. >> i agree with that i would highlight something david said a beta for alzheimer's out with japanese partner, this is a very, very exciting moment

and now novartis says it's not going to have their drug price raises.er. they had revenue on the rise, prost oprofit on the rise. the oncology group division has grown. look at the tweet from president trump where he says thank you to novartis for not increasing prices on prescription drugs. people love this. likewise to pfizer, we are makeing a big push to reduce the prices maybe su substantially on prescription drugs. you remember pfizer was going to raise prices and chose to put that off after it goss pressured by -- got pressured by trump and the administration. how about free french fries from mcdonald's every friday. they want you to sign up for the mobile app. it's just a buck. tuesdays and thursdays you get a free soft drink, you get a $1 big mac, that's a good value. they want to appeal to your palette and your pocket and mickey d's. they want to compete against the other fast food chains. maria: don't forget the fashion, you have '90s swag, t-shirt as well. >> reporter: i've got to check that out. i missed those. maria: nicole, thank you. look

what were the advantages for novartis?at novartis in my view wanted and it sure looks like they got it, was a direct line of access to the white house. >> reporter: cohen's attorney lanny davis telling abc news mr. cohen, who never introduced anyone from novartis to anyone in the administration or congress did not sell access. now, paula, you'll remember cohen once said he'd take a bullet for the president but in that interview with george he signaled he may cooperate with investigators. this morning the white house is declining comment on our story and novartis telling senate democrats the email exchanges were not part of their contracts at all with cohen. >> all right, cohen also saying his only loyalty is to his family. kyra, thank you for that exclusive reporting this morning. robin? >> now to the government re-opening the investigation into one of the most notorious muirs in u.s. history, the lynching of 14-year-old emmett till in mississippi 63 years ago. many are hoping this will lead to an anti-lynching law. linsey

and they have been out a long time, and novartis cutting psoriasis drugs and merck has come along withtis drug, cutting by 60%. these are big steps in the right direction. >> you talk about price transparency? >> the administrator has put out more drug dashboards, you can see medicare and medicaid, the state of california insists pharmaceuticals let you know what they are doing to do increases, you see what the increases aren't patients are rebelling against that. it is price transparency. the fda under scott gottlieb is pushing more genetics -- more on the market. doing the same thing as drugs that are already out there that are very expensive and going to bring the cost down. jillian: why is it taken this long to get to this point? >> interesting question and the answer is we have an entitlement, an insurance company doing a deal behind-the-scenes with drug manufacturing. you don't know what the prices and we saw headlines the last couple years where some companies gouged prices and things like epipen zoomed up in price and under those circumstances, may end up allowing importation o

reasonable prices is what the novartis guy is saying. not only novartis., they sent notices to california state plans that they will eliminate or reduce price hikes. ashley: back in may president would say there would be massive price drops on prescription drugs. never happened. now we have novartis and others lizzie mentioned. novartis said this on the earnings call. we thought it was prudent move not to hike prices given the dynamic environment we're currently in, i.e., the president and his twitter account. stuart: president trump and his twitter. liz: that is an understatement. stuart: we have a big guest on the subject later today. hhs secretary alex azar joins us about 11:45 this morning. lower drug prices big deal. alex azar on the show. >>> congressman kevin brady says there will a vote on tax cuts 2.0 before the midterms. is that a trap for the democrats? can they vote against a middle class tax cut? kathy mcmorris rogers, highest ranking congresswoman in the house, she joins us next. ♪ the day after chemo shouldn't mean going back to the doctor j

adam: merck following the lead of pfizer and novartis lowering prices.m, hillary vaughn joins with more on that and other headlining making news, good morning, hillary. >> good morning again, gerri, merck is marking down some of the drugs but not all of them, they are marking down heptitis c drug by 60% and some other drugs that they haven't announced will be slashing the price as 10%, pfizer and novartis moved to release and also won't hike the net price of any medications above the rate of inflation, so we could see this as a growing trend of pharmaceutical companies. gerri: they're not cutting the price of popular cancer drug and i think that would be a big point of contention because it's super expensive. you say a top exec at paramount has been fired, why? >> well, for making inappropriate comments, par minute isn't saying what the comments were, they did kick out head of tv amy powell that made comments that were inconsistent with company values, that's what the company said, it didn't detail what she said but the wall street journal reports one pe

takes place in 2006 comeback from come back from a demonstration of the device in switzerland at novartis would've the biggest companies in the world in pharmaceutical she is excited and happy in they look like something had gone wrong so he wanders downstairs to figure out what happened and he approaches the cofounder and wasn't exactly what happened in switzerland but after talking to him for a while and believe that actually the demonstration they were doing for investors coming by the office are not me all the blood tests are reported and not in real time so the cfo who was there eight months is done because he has been great around all of these investors and he is under the impression they are real and certainly they are under the impression they are real and he learns they are not. so he decides to confront elizabeth and goes to her office to meet with her and tells her that this is a line they cannot cross it is okay to be aspirational but you can't my and mislead investors as security by. so her switches with and then she goes to i.c.e. cold and has you are not a team player. i th

novartis leading the way as far as point reduction. the size of that company helps.only off .7%, but when it comes down, it's really felt because of how big it is. we see hsbc down .5%. fiat chrysler very interesting, down 4%. the head of jeep, replacing the ceo of fiat chrysler is coming in. that has investors on edge. we did talk to the ceo of julius baer, their stock down. and ryanair is down. we were talking about concerns with ryanair. name, the dutch word for royal, down after their earnings missed the mark. take a look at the winners. novartis leads the way. we have autos gaining, as well. unicredit and barclays all up this morning. interesting to see the financials. we have some of us financials rising at the open. a little bitets lower in general after a mixed session in asia. let's get over to tim graph, head of macro strategies. thanks for joining us this morning on this monday morning. it seems like geopolitical headlines are really shaping the markets. the you see it that way? -- do you see it that way? tim: it does seem that way. volatility remains low.

the move comes after drug-giants novartis and pfizer said they are limiting drug-price increases in theerck also says it will not raise the average price of the drugs beyond the annual rate of inflation in the u-s. ( marty )if you need a vacation.. you better start packing. researchers say taking time off can actually improve your health. according to the study, men who didn't take vacations were 30-percent more likely to have a heart attack. and for women who don't take a break, the chance of a heart attack went up to 50 percent. ( dave )morning fog and clouds, clearing. mild for the bay but warm inland. your forecast is next ! at outback, there's one way to cook a steak. perfectly. and three ways for perfect shrimp. introducing steak & shrimp, starting at $15.99. whether you choose bbq, garlic butter or sweet & tangy shrimp, it'll be perfect. hurry in! steak & shrimp ends soon. (dave)dry conditions and seasonably warm daytime temperatures will continue through the weekend with marine air keeping conditions cooler near the coast. a more robust warming trend is then expected later next

a unit of novartis is buying the rights for an epinephrine injector. it's buying the rights from atamis pharmaceuticals which received fda approval for its injector last nyar, the com has been looking for a commercial partner since that point.el shares while atamis which is a micro capped stocked s some 50%. >> imagine having a doctor on demand. well, that's the idea behind concierge medicine. and the busins model behind a start-up, is looking to expand. now, the service is pricy, but for some, they sayth it's it, bertha coombs as you saw, hashe story tonight from montauk, new york. >> when evan gets migraines in the middle of the night. they are debilitating. >> i would go to the er, because i didn't know where else too good. >> last month he went to priority private kash. >> they saw me and gave me the attention i needed rht away. >> the concierge emergency room in new york city offers 24 hour access to er doctors and state of the artimaging. >> the only place that has a cat scan in the city are the s. hospit if you go there in the middle of the nigh

leprosy are available free of charge all around the world these are provided by pharmaceutical company novartis for the world health organization and have been hugely successful in the fight against leprosy but recently progress has stagnated in june twenty thirty experts from around the world met to develop a new strategy to completely halt the transmission of leprosy the last mile in fighting leprosy proved to be the most difficult one what we now do space look at every patient who is diagnosed specially and look up the look of his content persons in his family's household the neighbors his colleagues examine them for their procedure and if they do have signs of the procedure opus see they should be treated fairly with the multi-group terrapins leprosy is also very much associated with stigma when you get a diagnosis of leprosy you may be excluded from society completely in some countries or you may lose your job which very often is the case. our plan is to introduce that in several pilot areas in six countries in the world to demonstrate that this is feasible and when we have critical mass o

that follows other pricing pledges from pfizer, merck and novartis. the trump administration laid out of blueprint to lower druge prn early may. >> today my administration is launching the mostep sweg action in history to lower the price ofio presc drugs for the american people. it and ltle changed until the president called pfizer earlier this month, prompting theo company reverse planned price hikes. the rest of the industry has since started showing more restraint. volume-driven strategy and we have new medicines that can make a profound difference for patients and that's what we're doing. since the blue print was announced, we have not changed any prices in the u.s. and as we're saying today our guidance doesn't include u.s. priceer changes ei >> it plans to pursue the initial public offering for the health business and elanco, it gerated 13% of lilly's revenue in 2017 or $3 billion. analysts applauded the move with the success. that stock has almost tripled since it began separately from pfizer five a yearsgo. for "nightly business report," i'm m

to the first -- maybe what in my mind at least what's first encounter with underperformance, the novartistests. >> guest: the prologue is about -- the book is the chief financial officer at the time, sees elizabeth holmes in several of her colleagues -- this takes place in november of 2006 -- come back from a demonstration at the device in sitter waned at novartis, one of the biggest pharmaceutical companies in the world, and she is excited and happy go lucky, the way she usually is, but the employees who went with her are not and look like something has gone wrong. accomplish so he wanders downstairs and tries to fishing out what happened, and he approaches sean roy, elizabeth's cofounder, and she -- he wasn't sure what happened in switzerland but he gleans that actually the demos they have been dog -- doing for investors noter real because the blood test results at the end of the demos are prerecorded and not in real-time. and the yfo who has been there eight months -- the cfo is stunned because he is the one who has been bringing around all these investors. >> and making projections. >

leprosy are available free of charge all around the world these are provided by pharmaceutical company novartis through the world health organization and have been hugely successful in the fight against leprosy but recently progress has stagnated in june twenty thirty experts from around the world met to develop a new strategy to completely halt the transmission of leprosy the last mai-ling fighting leprosy proved to be the most difficult one what we now do space look at every patient who is diagnosed specially and look up the look of his contacts persons in his family his household the neighbors his colleagues examine them for their procedure and if they do have signs of the procedure opus feel they should be treated fairly with the multi-group terrapins literacy is also very much associated with stigma when you get a diagnosis of leprosy you may be excluded from society completely in some countries or you may lose your job which very often is the case. our plan is to introduce that in several pilot areas in six countries in the world to demonstrate that this is feasible and when we have criti

andrugmakers like amgen novartis have been doing experiments in microgravity that exists on the internationaltation. they have been doing this back to the shuttle era and the 1990's. they can pick up the huge , whiche in the equation can impact different processes, play with extreme temperatures, other differences like radiation. there are certain things going on that they are trying to harness on the international space station to see if this is doing this, maybe become replicate this honor. carol: help me get my head around this. cool?just kind of about that environment for testin medicationg? jason: why does gravity matter? >> on earth, sediment. things experiments might drift to the bottom. without gravity, the particles might be more evenly distributed. also, things move more slowly in space. scientists that are astronauts on the space -- space station actively manage these experiments. what they can do is see him. -- in spacehe way they can pull them out and make it cleaner experiment. it is about early-stage research this, they can do things better. i am writing about small biotech doi

we will continue to watch novartis as we get closer to the opening bell. >>> when we return, your listbiggest stock movers and stocks to watch. >>> and president trump's trade guru will join joe at the white house on the lawn in front of the big house. navarro will be talking about his next steps in the trade war. as we head to break, look at yesterday's s&p 500 winners and losers it's pretty amazing out there. the world is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just

merck makes 3, pharmaceutical giant dropping prices for some of its drugs after pfizer and novartis madegrowing number of workers are ghosting interviews and blowing off work. you get hired and they don't show up because the job market is so strong. ♪ how do you win at business? stay at laquinta. where we're changing with contemporary make-overs. then, use the ultimate power handshake, the upper hander with a double palm grab. who has the upper hand now? start winning today. book now at lq.com. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my mbc with new everyday verzenio- the only one of its kind that can be taken every day. in fact, verzenio is a cdk4 & 6 inhibitor for postmenopausal women with hr+, her2- mbc, approved, with hormonal therapy, as an everyday treatment for a relentless disease. verzenio + an ai is proven to help women have significantly more time without disease progression, and more than half of women saw their tumors shrink vs an ai. diarrhea is common, may be severe, and may cause dehydrati

the move comes after drug-giants novartis and pfizer said they are limiting drug-price increases in the u-s. merck also says it will not raise the average price of the drugs beyond the annual rate of inflation in the u-s. (vicki) a new study may give parents another reason to limit teenagers' digital media use-- or at least try. researchers at the university of southern california found a link between heavy use of digital media and attention- deficit/hyperactivity disorder. the study found that teens who used the most digital technology were twice as likely to develop new symptoms of a-d-h-d than those who used it least. a-d-h-d is a condition that makes it difficult to pay attention for a sustained period of time. it also involves trouble with hyperactivity and impulsivity. the c-d-c says that nearly one in ten children in the u-s -- over six million kids -- have a form of the disorder. the study is published in the journal of the american medical association. (vicki) free fries anyone? mcdonald's is giving them away for the rest of the year. the one thing you need to score the salty s

. >> this is incredible early-stage science, but drugmakers like amgen and novartis have been doing experimentsogravity that exists on the international space station. they have been doing this back to the shuttle era and the 1990's. basically, what they can do is pick up the huge variable in the equation, which is gravity, and it can impact different processes, play with extreme temperatures, other conditions like radiation. there are certain things going on that they are trying to harness on the international space station to see if this is doing this, maybe we can replicated on earth. carol: help me get my head around this. jason: i was struggling with this. carol: so what? is it just kind of cool? what is it about that environment that makes it ideal protesting? jason: why does gravity matter? >> some things to explain simply, in gravity on earth, there are segmentation forms. in experiments, things might drift to the bottom. it might make it harder to study. without gravity, the particles might be more evenly distributed. carol: kind of pure? >> exactly. also, things move more slowly in sp

novartis says it will lay off workers in the east bay and in san francisco, uber says it will cut theumber of drivers of its automated cars. its been scaling back its automated car program. now they want to professionalize the remaining driver core. this comes after an uber automated car driver in arizona hit a pedestrian. while the software in the car played a big part and the pedestrian, the uber driver at the time was watching hulu on her phone. we talked about how twitter is suspending millions of accounts because they're fake or they have never been used. now, twitter warns it's probably going to count against you on your follower count. so watch popular twitter accounts. you'll probably see the number of followers go down over the next 24 hours. >> here's a neat story. a couple days ago, this fellow tweeted to elon musk. elon musk, i promise, no one will beat you to the punch if you try to help the people of flint, michigan. he was referring to musk's plan to use a kid-sized submarine to rescue the boys in thailand. he got beaten to the punch. while they were working on the sub,

and likewise, and novartis, and a number of increases, i must have a very powerful position, becausey angry about it, and then they all called, we will retract the price increases. i said that has to be a good business, and number two, i appreciate that they did it, but we are working hard on getting prescription drugs down. and prices down and said that's what upset me. here we are talking about bringing down the prices of prescription drugs, and then a couple of company is announced and in increase. we had something that we did, right to try. and you would really, you are so instrumental on that and i appreciate it. do you and greg and everybody, but i have been after it for a long time, i never understood, they have been trying to get it passed for 42 years. you know what's right to try is? it is a lot of the names that i do not like, but i love this name. right to try, and this is where people are terminally ill and they cannot get a drug that shows great promise because the company or because the country says, we do not want to let anybody have a drug that will maybe hurt them,

leprosy are available free of charge all around the world these are provided by pharmaceutical company novartis through the world health organization and have been hugely successful in the fight against leprosy but recently progress has stagnated in june twenty thirty experts from around the world met to develop a new strategy to completely halt the transmission of leprosy the last mai-ling fighting leprosy proved to be the most difficult one what we now do space look at every patient who is diagnosed specially and look up the look of his contacts persons in his family's household the neighbors his colleagues examine them for their procedure and if they do have signs of the procedure opus see they should be treated fairly with the multi-group terrapins leprosy is also very much associated with stigma when you get a diagnosis of leprosy you may be excluded from society completely in some countries or you may lose your job which very often is the case. our plan is to introduce that in several pilot areas in six countries in the world to demonstrate that this is feasible and when we have critical

elizabeth: quickly, merck is now joining other novartis and pfizer, other drug giants, moving to lower. you know, we had bernie sanders and elizabeth warren and others saying the government's going to lower drug prices, but these drugmakers are responding to president trump's tweet. your reaction. >> we've talked about this, i love this, and i like how you phrased it, it's putting something together the democrats were shining a spotlight on that now the president is tweeting about. and look at merck, they're going to decrease prices on several drugs up to 10%, and one big truck for hepatitis they're decreasing by 60%. merck can afford to do this because after drug called keytruda, it's made them a fortune, a tremendous cancer drug. it's made them a lot of money. so they can afford to roll back prices under pressure from the president. great thing that he's done here. elizabeth: doc siegel, love having you on. come back soon. okay, we've got some breaking news right now, the senate voting now to confirm robert willkie as secretary of the v.a., veteran affairs. more on that after the bre

you see novartis is losing today. novo nordisk also a loser today.doing poorly as we did see oil down earlier. we will see if that turns around. unilever you can see down by only 0.2%. european markets generally higher after asian stocks climbed overnight. the yuan tumbled. now frommore joins us averaging investments -- aberdeen investments. welcome. let me get your take on what we are looking got -- at in this equity market opening. why do you think investors like asia;s market -- asia's market? luke: it is all about the stimulus we see coming out of china come the weakness of the yuan. this is about china's response to the trade war. we could be at the start of a new risk on phase of the market, at least for the next few weeks. matt: we see financials doing well in asia. i think that has to do with rising rates in japan. we see financials doing well here. could this be a star of a financials leading the way? is that a good sign for markets? luke: yes, i think it well could be. growth in the u.s. has been led by financials. ubs this morning was pret

novartis is one of the biggest losers in terms of point lost.ically the same anywhere you look across the screen. european markets just opening higher across the board. the news dominating the continental is president trump's visit. he has already made real headlines at the nato summit and he has made waves here in the ok as well by dealing a double blow to u.k. prime minister theresa may on the first day of his visit. this is how the papers in the u.k. reacted. sun" here."the a strong headline. "may has direct brexit -- u.s. deal is off." daily mirror -- interesting headline there as well. it seems like our paper selection is interesting. if you are picking up the times, you see he is on the front cover there. wherever you look, donald trump will be on the front page of u.k. papers regardless of the choose --u e youdless of the mileu choose to read. joining us is annmarie hordern. all theabout first of sun interview. what are the headlines that everyone is picking up this morning? marie: everyone is purchasing this paper. the u.s. deal is off.

novartis set to lay off workers in the east bay, and uber will cut the number of drivers of its automatedars. now company insiders tell me uber wants to professionalize its remaining driver core. this comes after uber automated car hit a pedestrian in arizona. the uber driver at the time was watching hulu on her phone. we talked about how twitter is suspending millions of accounts because they're fake or they have never been used. now, twitter warns they're probably going to count that against your follower count. what popular twitter accounts you'll probably see the number of followers go down over the next 24 hours. >> a couple days ago, this fellow tweeted to elon musk, elon musk, i promise that no one will beat you to the punch if you try to help the people of flint, michigan. referring, of course, to musk's plan to use a kid-sized submarine to rescue boys in thailand. he was beaten to the punch while engineered tested the mini sub, divers got the kids out. musk says he'll pay for clean water for anyone in flint when needs it. michigan ended its free water program back in april after

. >>> pfizer, novartis, merck, promising to cut prices for seven drugs.i will guarranty phoenix is hot right now. ashley: forecast for tomorrow? hot. next week? hot! ♪ >> i'm nicole petallides with your fox business brief. another day, another drugmaker changing the prices this is merck. merck saying they are cutting their prices amid pressure. it is interesting though, take a look, it is on seven drugs including 60% off zepiter, 10% off many others and pro-spar and. i spoke to pharmacist that is over 200-dollar drug. you get the generic for 30 bucks. some of the drugs not as popular. these are not the top sellers. this comes amid pressure from president trump and his administration. look at this tweet. thank you, novartis, trump wrote, not increasing prices on prescription drugs. likewise pfizer. making substantially move on prescription drugs, saving americans money. ♪ your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, a

albert was a young, and he worked for novartis in switzerland and he was working on drug development and often happens, he started with the plant drug, actually a fungus drug which is a fungus that affects grain, rye and sometimes we and it's been associated with outbreaks of delirium throughout western history and some people think the salem witch trials which happened after a wet year with a grain was all impacted that the behavior of the women who were thought to be which is may have been affected by the fact that air.which can make you hallucinate may have been involved in that. they were doing derivatives, synthesizing the different compounds and seeing if they might be useful in some medical way. and it has something to do with bleeding in childbirth or something like that. i'm not sure. he was working through them and he got to the 25th derivative, lsd 25, it's the only chemical i can do that with except maybe carbon and he tested it on animals and didn't have the desired effect so he put on the shelf. this is a story he tells her the more i hear it, the more fishy it seems. f

the novartis ceo, thank you very much indeed.uliette: google will learn today whether it faces a record fine over its android operating system. the european commission has claimed the mobile device strategy unfairly strengthened its dominance of the search engine market. the regulator can find up to 10% which annual revenue, amounts to $11 billion. that 12:30iew is p.m. u.k. time. watch has reported its highest profit in three years as the market rebounds. omega. as the maker of $12.8ing profits rose to million. that is your bloomberg business flash. the company also said it is continuing the transformation of its business as it pushes ahead with cost cuts. today, they report their second quarter warnings. joins us now ceo from amsterdam. good morning. you happy with these numbers? >> good morning. we are because as you know, the whole industry last year and currently also has been hit by extremely high headwinds on raw materials. we look at more sequentially, and what we see there is art decorative business is beckoning the race

lisa: another stock is novartis, which is an interest -- which is an industry that is prone to headlinehy this company? kate: i saw some very interesting things in the pfizer example. it is the fact that it reacted. it is headline risk, but not cash flow risk or earnings risk. they do have a good drug pipeline. new drugs do not tend to have that pricing threshold because they are new and everyone wants them. second, they will send out there outline division, there i group, and we think that is an opportunity for the stock to add more value, and it is really attractively valued, training -- trading at about 14-tense earnings. the market is trading around 17 tenths earnings. there is headline risk, but that does not seem to be affecting the stoxx involved. it is something that might give investors an opportunity. lisa hadfinally, mentioned the drop in oil prices, oil falling right now, almost off 5% by the day. $70, $.50 a barrel for wti. so marathon petroleum, talk is why -- talk us through why this is a company that is well-positioned for this environment? kate: it is a company that obv

[applause] and merck, likewise, and novartis, a number of, they announced increases.ave very valuable position, wilbur, i was extremely angry about it. all of sudden they call called, they will retract our price increases. number one has to be good business or else you don't do that number two i appreciate they did it. we're working very hard getting prescription drugs down, prices down. we'll have big, what upset me. here we are talking about bringing down the prices of prescription drugs. you had a couple of companies announce an increase. and now those prices will become really tumbling down. we have something else that we did, right to try. would you really, you would, you were so instrumental in that, rod. and i appreciate it. you and greg and everybody but, i have been after it for a long time. i never understood it. they have been trying to get it passed for 42 years. you know what right to try is? actually a great title. a lot of these names i don't like. i love this name, right to try. this is where people are terminally ill, they can't get a drug that shows

drugmaker novartis is reportedly freezing prices in the u.s. for the rest of the year.still order them for their children. pennsylvania supreme court is upholding philadelphia's 1 1/2 cent per ounce soda tax. opponents say it costs the city 1200 jobs as the city loses business. ainsley. ainsley: thanks so much, jillian. 58 people were killed, hundreds would youd in that horrific shooting in las vegas outside the mandalay bay hotel in october. now the mgm resorts international which owns the hotel is suing hundreds of victims claiming it has no liability of any kind to survivors or families of slain victims under a federal law enacted after the known 11 terror attacks. here to explain this is fox news legal analyst bob massi. he is also the host of property man on fbn. good morning, bob, thanks for being with us. >> thank you, ainsley. ainsley: will you briefly explain how the federal law was created after 9/11 and why? >> well basically it was created for purposes shielding certain people, certain companies, if they reached certain type of criteria from liability. for e

this follows similar moves by novartis, pfizer and the u.s.ck. >>> tesla's batterymaker has suspended one of its cobalt suppliers over concerns that it mined in cuba. panasonic, the exclusive supplier of batteries to tesla said it was unable t determine how much of the cobalt used in the tesla batteries had come from cuba it suspended its canadian supplier after reuters asked about the cuban cobalt. >>> coming up, atlantic council ceo fred kempe will talk trade, russia and that interview with president trump. as we head to break, a quick check of what's happening in european markets right now >>> president trump talks to cnbc's "squawk box" about the trade war with china >> we have been ripped off by china for a long time. >> that interview after the break. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking