>> as a also noted here, we like ofintegrate the people ablynx into the novo nordisk. to get into a negotiated transaction because that will ensure we will be able to integrate the high skills of the people of ablynx into novo nordisk, in joining our global research organization and driving research. tom: wonderful to speak with you this morning. you people own the diabetes business, which is maybe the world's biggest health issue -- i believe 80% some of your business has to do with the diabetes business. you people print money. maybe you print danish money or euro money. maybe you print dollar money. you are the mother of all take ups for anybody looking at an obese, overweight world. how do you defend yourselves from being taken out by an american giant? >> i would like to note that we are in the majority of the votes in novo nordisk, we have an eight class voting system, and the majority of the votes are by the organization that has a long-term purpose of being stable. that is one key element. but another key element is we deliver competitive results and luations t

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

they are making this offer novo nordisk best known for its diabetes therapy.es 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 europe. there is a liver of note on real estate. but european stocks generall

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

ant -- more than an unsolicited offer from novo nordisk that sanofi rejected. e a revised bid. tom: it is time to recalibrate on a monday. you went to cash like i did. did not.santos she is with jpmorgan asset management. outstandingly optimistic. we will make her justify that in just a bit. rates slammed in with a vengeance two days ago, three days ago. is it a brutal move that could upset markets? gabriela: not at this point in time. we are rising from very low levels for the right reasons. economic growth is improving, inflation has turned around, and central banks are justifiably removing some of that stimulus. tom: there is the idea that yield actually competes with stock dividends. anybody under a certain vintage has forgotten that maximum. are we anywhere near where yield competes with dividend? gabriela: no. we are not. there have been times where yields have been higher than dividends, and that does not necessarily upset the apple cart. stock dividends and that is it. look for yields, but also companies that are growing earnings and bottom lines. it is

>> 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. and he's

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

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

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. >> cold

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

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