the latest in a biotech blood battle as sanofi beat out novo nordisk.s sanofi a blockbuster drug for a rare blood clotting disease. the french drugmaker has agreed to more than $16 billion and acquisitions in the last week, dwarfing past years of deal activity. joining us now is bloomberg's managing editor benedict campbell. active onofi being so the m&a front in the last week? benedict: it's been an active week and this is interesting from a company that has been quite absent from the deals in the last couple of years people. they tried their hands at transactions a few years ago and now the ceos coming back to deliver this knockout punch had bid foro who this asset. not a very well known company. a familiar area of rare blood diseases and novo came with a relatively low bid, which they said they did not like. that left the door open for sanity who walked right in this morning with a much higher bid, ablynx not surprisingly decided to take. this is exactly a week after they spent top dollar, about $12 billion, on another drug. it shows the direction th

form and rangers striker nacho novo is in form and rangers striker nacho novo isina form and rangersa stable condition after suffering a suspected heart attack on sunday evening. he was playing in berlin ina on sunday evening. he was playing in berlin in a tournament for a veterinary and his side and he was taken ill after they veterinary and his side and he was ta ken ill after they had veterinary and his side and he was taken ill after they had been knocked out in the round robin stage. guardiola's former club barcelona have been showing off their new signing phillipe coutino ahead of him officially putting pen to paper on monday. the 25—year—old brazilian is moving from liverpool for a fee thought to be in excess of $190 million. since arriving at anfield five years ago, he's scored 5a goals in over 200 appearances, hitting double figures in each of the last three seasons. coutinho was the club's joint top scorer in the premier league last term with 13 goals. translation: it's incredible to know i'm going to be with my idols with players that have a lot of history likely in our me

plus you have this novo transaction they are pushing to shareholders.king this offer novo nordisk best known for its diabetes therapy. ynx continues to look to see if it is suspended to trade. just be aware of that. the markets are way underpricing this judging by the anr. the price target is sick the significantlyis below with the offer could come through. then we are talking about airbus in china. matt: absolutely. at a time when macron is there making a call for the vinci to open up desk for president xi to open up the globalization that xi stood for at davos last year but hasn't come through with. a380us offering an partnership to a chinese company and on top of other interesting airbus stories, that the turkish airlines accord, where it got rid of some more metal there and the fact that technically, the stock is down below 50 day moving average. a lot of reasons watch this stock is morning. guy: it will be interesting to see if they look to do transactions. watch, keep an eye on micro focus. , keepn eye on mothercare an eye on fertilizer stocks in

i just mentioned to the cfo of novo the idea of europe at escape velocity. escape philosophy? -- velocity? have we gotten to the point where we have seen real acceleration to higher yields? >> very much so. we should see that in 2018. egsimately, one of the big l of support has been ecb buying. that comes to them and in october. when you look at the direction of european yields, much higher at the end of this year. you look at two-year germany, -60 basis once. that is pricing in an emergency. europe is clearly not in an emergency right now. tom: thank you so much. we will continue with mr. ga rtside this hour. here is taylor riggs. trump's alliesnt are defending his fitness for office in the wake of allegations that explosive book. over the weekend, the president once again denounced the book and described himself as a very stable genius. time is running out to avert a partial shutdown of the u.s. government. the deadline is january 19. democrats and republicans are far apart on a spending bill. there is no indication either side has budged on immigration an

this is breaking news out of novo nordisk.a big biotech company which only on monday -- it agree to a bid from sanofi. saying we areow pulling out. it seems to be like sanofi gets ablynx. it is a story of biotech power. ♪ taylor: let's get to bloomberg business flash. sanofi has beaten out a bitter rival to purchase ablynx. the prices for $.8 billion. that is more than an unsolicited offer from novo nordisk's. it will give sanofi and potential blockbuster drug. minute, novo said it will not make a last bid. cryptocurrency heist has called for tighter regulation. on friday someone hacked into coin check and stole almost $500 million in digital tokens. that is your ebf. -- that is your bloomberg business flash. tom: michael mckee has been a student of nafta and trade. as we consider the state of the union and trade . michael, the president had comment in davos on trade. he is looking for a bipartisan approach which means america, this is the way we are going to do it, if you want to come on board, great. does canada, mexico and

the deal comes after ablynx rejected a lower offer from novo n nordisk. >>> a group of activists areng on avon products to consider putting it up for sale. they plan to send a letter to the board. they believe a year-long effort to turn around the brand has failed and requires new leadership shares up by 2.5%. >> the fed of ford china has quit citing personal reasons after 2 1/2 months on the job. ford china sales fell 4.4% last year overall higher by 0.4% >>> roche wins a breakthrough for the label for autuomati aut. >>> google alpha bed unit bit u. >>> and deutsche bank plans to hike payments the $2.2 billion the german newspaper reports the news comes amid concerns another year of low benefits could push bankers to defect to more generous rivals deutsche bank 6.6% in german trade >>> futures down as much as 70 points on the dow at the start and now down 70 points 2% gains in each of these three indices. good morning >> good morning. >> last week 2% gains. every week, exactly. and all 11 of the s&p sectors were high are. year to date, month to date, 9 out of 11 higher it's incredib

which is why we would need to review di novo. >> and those matters that we would take up then that wouldnot be matters that result in official misconduct would be matters, what, where there was negligence or that it was not willingful? >> right. nonwillful. just regular violations where somebody -- we actually saw a few original complaints like this, where someone was alleging that the documents were redacted improperly so exemptions were claim beed by the agency that were improperly claimed and the sunshine ordinance task force would have to go through and decide whether or not they were properly claimed. if the agency still refuses to produce documents without those exemptions, they could refer it to us to impose a penalty of up to $5,000 per violation. >> i have a question. >> yes, commissioner? >> to commissioner renne. it sounds to me as if the ethics commission would be similar to a court of appeal. if it must accept findings of fact. have you had experience in this kind of a proceeding? as an ethics commissioner. >> well, i can't call specifically to mind but i know the criticism

. >> sir, thank you very much for your time this morning that was jesper brandgaard, the cfo of novo nordisk. >>> prime minister theresa may attempts to steady her government senior figures including chancellor phillip hammond and boris johnson are all expected to hold on to their jobs according to reports from u.k. media, business secretary is among one of the positions that is said to be vulnerable in italy the prime minister says he doesn't plan to stay on as prime minister after the general elections in a few months. he said his role will finish after the vote he'll remain the prime minister if no coalition gets the majority there is a joint manifesto ahead of the election. according to the latest poll from eng, silveyo bur less zone any is said to win the idea in him having a role to form a new government is an interesting one. he is banned until 2019 to be prime minister him self. >> yes no matter what, whether it's the center right coalition meaning they seek to do it by themselves or whether it will be the larger group is going to be the king maker. he has got the momentum. a

know voe nordisk says ablynx has rejected its order novo says this is about 13% higher. >>> other stocks this morning, nvidia is teaming with uber on volkswagen self-driving cars vw will use the company's drive 9 platform which includes features such as facial recognition and guester controls hershey and the herrero group will work together ferriero makes nutella they're seen as a front-runner they're willing to be aggressive on price lg electronics reporting fourth quarter products and missed forecast analysts cite higher spending as they're trying to expand market share and be a home applying business. >>> also making headlines this morning, a water main break at jfk network. good morning. >> reporter: good morning. there was flooding at jfk airport. the burst pipe caused three inches of water in the arrival area of terminal 4 flights were delayed passengers were stranded and luggage piling up. the authorities saying we will thoroughly investigate why the pipe burst and why it was not protected and investigate the contingency plan for this. more than 500 flights have been canceled or d

what does novo hope to achieve? what is the industrial logic here?o make itself less vulnerable to price pressures in the diabetes market. this is beefing up its hematology area. it is fairly rare to make an m&a play like this. >> do you have red lines that you will not go over or are you ready to negotiate? >> we would like to get into a dialogue with the board of directors and get a deeper understanding of the value it provides. it is possible that prices can be raised if we get additional information about the value drivers at ablynx. >> the dutch cable provider is spinning off its u.s. brand. it will be dealing with the company's debt burden in europe. tell us more about the plants and what is the intent? >> it is a move creating value for a company that has been struggling because of the european operations. if you look at altice usa shares, they have lost 30%. it wants to give some assurances to the u.s. shareholders that he can create value with the u.s. business. he spent $24 billion in the u.s. over the last couple of years purchasing cablev

approval of the journal which the chair -- speaker's approval of the journal which the chair will put de novo. those in favor say aye. those opposed, no. in the opinion of the chay, the ayes have it -- chair, the ayes have it and the journal stands pproved. the chair lays before the house n enrolled bill. the clerk: h.r. 4641, an act to authorize the president to award the medal of honor to john l. kennelly for acts of valor during the vietnam war by member of the marine corps. the speaker pro tempore: for what purpose does the gentleman from colorado seek recognition? >> mr. speaker, i send to the desk two privileged reports from the committee on rules for filing under the rule. the speaker pro tempore: the clerk will report the title. the clerk: report to accompany house resolution 693. resolution providing for consideration of the bill, h.r. 3326. to increase accountability, combat corruption and strengthen management effectiveness at the world bank and providing for consideration of the bill, h.r. 2954, to amend the home mortgage disclosure active 1975, to specify which depository institu

which the chair will put de novo. the question is on agreeing to the speaker's approval of the journal. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the gentlelady from wyoming. ms. titus: i ask for the yeas and nays, mr. speaker. the speaker pro tempore: the gentlelady is requesting a vote by the yeas and nays. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. members will record their votes by electronic device. this will be a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this vote the yeas are 23 1, the nays are 178. and present, one. the journal stand as i

novo nordisk making a bid to acquire ablynx for $3.1 billion, but ablynx rejected the number, sayingdervalues the company. lastly, french president emmanuel macron kicking off a three-day visit to china, where macron and xi jinping will discuss trade, politics, and ties following brexit. france is expected to be a more appealing trader for china macron's visit we'll expect to see theresa may in china towards the end of january back to you. >> thank you very much seema mody >>> as we go to break, quick check on cryptocurrencies this morning. ripple sliding by more than 30% in 24 hours. bitcoin and ethereum are down, as well. s&p into the green, a new record hi ghquawk alley" back after this see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's

novo nordisk is down.se companies are taking away index points, as are the oil asducers total and shell, are bhp billiton and the miners. again, you see on the gaining side of the ledger asml still adding the most index points to the stoxx 600. you do see glaxosmithkline there as well. red today,ies turned pulling back from the record high. the dollar is that to rise for the first time in six days. talk to the head of the u.k. rate strategy at ubs. equities have been on a tear. we are in a situation where we are trying to figure out what the rate story will look like for the rest of the year. you are not an equity guy, but i'm curious as to what your take is on the broader market. seems to havement shifted away from the bond story. equities have been on a tear. what is that telling you? >> well, it is reflecting a clear pickup in sentiment generally, where the economy is the inflation expectations, too, to a degree. there is a compelling underlying story here, which has been drawn. that said, when we look

novo-nordisk with a company that was seen to be purchasing this stock.is a big shock for the market. move andthe shares to also, obviously sanofi as well. 3.9 billion euros, a massive deal for the market today. manus: i wonder about ams. we are seeing calls for this stock, which is a swiss electronics technology solutions stock. it could be up 25% at the open. what is the story? reporter: yes, this is a technology maker. they have a lot of big clients, like apple and companies like that. they issued this trading update, which the bank has taken very positively today. we are hearing very good calls on that. , a stock could rise 25% massive move up. the market has reacted very well to that this morning. guy: that is interesting, in burgerf whatd dani just told us on the quant stocks. if you are looking at what is happening with gkn, how do you take some chips off the table question mark is a chips off the table story? has been well, melrose very aggressive during the situation and has been a very hostile move. a troubled company. and shareholders have real

business ithe question on agreeing to the speaker's approval of the url whicthe chair will put de novo. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have, it the journal stands approved -- have it, the journal ands approved. the speaker pro tempore: the house will be in order. members will take their conversations off the floor. he house will be in order. members, take your conversations off the floor. the chair will entertain requests for one-minute peeches. for what purpose does the gentleman from pennsylvania seek recognition? >> request unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection. mr. thompson: mr. speaker, the house is not in order. the speaker pro tempore: the gentleman is correct. the house is not in order. members shall take their conversations off the floor. the house shall be in order. . gentleman may proceed. mr. thompson: mr. speaker, earlier today i had the hosh of being in pittsburgh with president trump to how we are putting america back to work at a

isiette: novo nordisk proposed to buy avilan's for as much as 6.8 billion euros for a medicine for bleedingrs. it includes an upfront cash offer and potential cash payments over time. that's about 44% more than the stock's closing price on friday. the shares have almost doubled since the beginning of 2017. buylgin has agreed to impact by medicines for $1.1 billion up front to gain an experimental blood cancer treatment. it could reach as much as $7 billion over time if the drug reaches milestones. it would make it one of the biggest acquisitions ever. and that is your bloomberg business flash. anna: thank you very much. juliette saly in singapore. let's talk about saudi arabia. january 1 saw the introduction of 5% value-added taxation, and an increase in fuel prices, but it took less than a week of criticism for authorities to backtrack on those measures. the government announced measures to help offset the cost increases, including 500 extra per month, and social where fell withient increases, along exemptions from those benefiting from private health care and education services. yousef ga

didn't come together, we would decide tasks and then not do that and come back together and start de novothe support of friends and family members who understood the mission and supported us through it. those who cook meals, to make it possible for you to take a month off and go into somebody's basement and right and try to work it out. and then we had to figure out what the thread was and i didn't know what people were talking about. the threat of the book? what does that even mean? so there were a lot of challenges. i don't know if i would call myself a writer. we edited these letters. we did a lot of research. we wanted to not only introduce her parents to an audience that would know who they were, but also the dvds, play? we researched and wanted to include in the book and felt it was important to include this sort of left out history to put it back into american history and american letters. lastly, i will just say, we had a champion in the canon. professor robin kelly, who without him there would be no book, who championed this book from the very beginning, wrote a wonderful introdu

neighborhood telling them the construction partners could not guarantee the workers and resources did novost- effective model. they said it was a difficult and emotional decision. a neighborhood rebuilding group has suggested that as many as 75 homeowners were interested in hiring them to rebuild. >>> major backlash on social media. raw meat was brought in in a shopping cart and we tell you about this. about this. >>> a live interview to tell you how to get up close and personal with your favorite , coming up. she was falling farther homeworand farther behind.ttle. we thought if we pushed harder.... but pushing harder didn't work.. sylvan worked. sylvan worked. sylvan worked. at sylvan, our certified teachers use personalized programs to help motivate students achieve their personal best. the results aren't just in her grades. her attitude is different. see how sylvan can work for your child. call 1-800-educate today! ♪ ♪ my husband is probably going to think i'm crazy. he thinks i'm going to see my sister! ♪ ♪ sometimes the confidence to be spontaneous starts with financial stability. onc

got a very unhealthy, i think, situation in the banking ecosystem today and that's the number of de novo banks that have come up. it's a very disturbing trend in north carolina. we lost about half of ours since the financial crisis in a state that had a vibrant environment before in north carolina. do you feel like a part of the reason why we're just not seeing that churn on banks is at least in part attributed to the fact they have a regulatory hurdle that they would have to climb that makes it difficult for them to make the business model work? secretary mnuchin: i do. senator tillis: i want to ask also, tax reform. if you were -- let's say in december we failed to pass tax reform. and so the current tax regimen would be the next regimen for 10 years. where do you think economically where we would be in a 10-year period? secretary mnuchin: substantially lower than we are and probably in the low two's. senator tillis: it's clear some states were turning before the president took office. i think we saw an significant increase last year largely attributed to a calming regulatory overreach

novo nordisk said it has declined to engage in talks.ty stake in its chinese security joint venture. the swiss bank is ahead of its plan to double headcount in china over five years. global banks have been taking advantage of china's pledge to open its financial markets. that's your bloomberg business flash. david: hollywood gather less night for the golden globe awards with a focus very much on the me too movement in the wake of explosive reports of sexual harassment in the industry. opera address the historic developers in the wake of the harvey weinstein scandal, but she also reached out to emphasizing the importance of the press in helping to bring it to light. we are tired of the victims and the secrets and lies. i want to say that i value the press more than ever before as we try to navigate these complicated times. david: and on the very same day that oprah was talking about how important the press is, president trump was tweeting once again about the prevalence of fake news. this is what he had to say. "i've had to put up with fa

additional payments will be based on whether the company's impact, cancer drug gets fda approval and novo nordisk said ablynx has rejected its offer they say this bid is 14% higher. >>> a frozen pipe caused a problem at jfk then yesterday a water main burst spilling three inches of water into the arrival area of terminal four. that services delta and international airline. a frozen pipe wasn't protected from the cold. passengers were stranded and luggage piled up i don't know if you saw any of it, it was where people were bumping into -- for like seven, eight hours waiting to get off the plane. >> yeah. >> it was quite a scene. i was very glad i wasn't traveling. >> was this all from the global warming bomb or whatever it was? was it all from that >> i think so. >> yeah. nkts it wasn't called that it was caused by that but it was not really called -- what was it, a polar bomb bomb mo bomogenesis. >> quale knows. >> bomogenesis like a global warming bomb. >> you were impressed that it was an actual meteorological term >> i was when the pressure drops 24 millibars in 24 hours or something.

then we had kind of the long acting factors, which are now being lunched by novo and by -- these basicry to three times a week, it's a little better, but -- not as combersome as before. potentially you could launch and have gene therapy for that factor, but you give the patient a gene yes. that's the whole point >> we're running out of time, but do you feel like we'll get a quantum -- it's a tv show. a quantum leap in all of the -- we've learned so much over the past 10, 15 years in basic science. some of it has made its way to the clinic or to the hospital bed, but i don't know. are you -- i'm frustrated by how much we know and how hard it is to design therapy mukts. there are so many things, testing and so many side effects and everything else. we know so much more yu i'm just looking for ration a.m. drug design lock and key type therapies. they're coming it seems slow. is there going to be two, three years from now where we're just amazed at how quickly things start moving >> i would say we're in the middle of that right now hurry up we'll see you later. thanks >>> coming up, stocks t

that deal coming after ablynx had rejected a bid from novo nordisk earlier. >>> and shares of wynn macau down more than 6% in hong kong win resorts down again slightly premarket. the top of 10% after "the wall street journal" published the sorry of dozens of allegations of sexual misconduct by wynn contest that brewer is here. >> the wynn resorts launching their own allegations against steve wirn the only women on the board who chaired the compliance committee has been tapped to lead the inquiry. we'll told it will include outside counsel. and the republican national committee has accepted sieve wynn's resignation with a very brief statement. steve wynn is largely seen as the emperor of this company that bears his name making the decisions even to the tiniest details even on room design. wynn has called these accusations preposterous he blamed his ex-wife elaine wynn for sparking these comments the journalist who broke the story said she was not behind it the company has raised a statement calling into the question what elaine wynn knew and why the board was not alerted. and they blamed

business is the question on agreeing to the speaker's approval of the journal which the chair will put de novo. the question is on agreeing to the speaker's approval of the journal. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it and the journal -- >> i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested. those favoring a vote by the yeas and nays will rise. a sufficient number having arisen, the yeas and nays are ordered. members will record their votes by electronic device. this is a five-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: on this vote the yeas are 225. the nays are 185. and one vote is present. the journal stands approved. the speaker pro tempore: the house will be in order. would members please take their conversations o

unfinished question on agreeing to the speaker's approval of the journal which the chair will put de novo. the question is on agreeing to the speaker's approval of the journal. those in favor say aye. those opposed, no. in the opinion of the chair the ayes have it. and the journal stands approved. the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from pennsylvania seek recognition? >> permission to address the ouse for one minute. revise and extend my remarks. and the house is not in order. the speaker pro tempore: the house is not in order. the hou i not in order. please take your conversations off the house floor. he house will be in order. please remove all conversations from the house floor. he house will come to order. he house will be in order. for what purpose does the gentleman from maryland seek recognition? mr. hoyer: thank you, madam speaker, i ask unanimous consent to speak out of order for one minute. the speaker pro tempore: is there an objection? the gentleman is recognized. mr. hoyer: i thank the speaker. ladies and gentlemen, t