pfizer is said to have approached activists about striking a deal. the u.s.rug maker might carry on despite the new tax and version hurdles that have been put forth by the u.s. treasury. there have been striking protests about climate change. we will talk about capitalism's role in our environment. all that and more over the next hour. let's get headlines from my cohost carol massar. >> without better containment of the ebola outbreak there may be up to 1.4 million cases in liberia and sierra leone according to an estimate published by the cdc. it increased its estimates after adding in assumption that the number of cases has in underreported. and an update on the new ios that makes apps crash more than last year's version. >> thank you. the u.s. strikes multiple targets in syria. a group linked to al qaeda that may have been planning strikes against the united states. my guest joining us in new york. i want to begin at the white house with peter cook. the obama administration, are they pleased with the results of the strikes? >> they seem initially to be ple

pfizer has approached -- for an acquisition. -- astrazeneca.about the tax implications if in the latest move. is it taxes once again? >> tax is a big part of this, guy. a very big tavis is company. shares have run up enormously in the last few months. pfizer's chief executive is very clear they are looking for an immersion deal to get out of the texas to domicile which they currently have. that desire, we saw come out of washington the other day that would slightly restrict it. they can still happen. you have to fiddle the bit with the numbers. inversions are still the order of the day in the pharmaceutical space. >> despite what the white house says. given what the white house has been saying, what is the possibility of this deal happening if >> for know now these two companies are not in formal discussions. there is some question as to whether pfizer can move now or would rather wait until after november when we have congressional elections in the united states this is similar to astrazeneca when that first came out into the media because pfi

pfizer is said to have approached activists to approach a deal.mpbell joins us now with more on the story. i thought jack glue was stopping this. -- i thought jack lew was stopping this. >> the u.s. is trying to close the loopholes that make these deals attractive, but without congressional rules, there's only so much they can do. they said they would nibble around the edges of the benefits of immersion of great american companies, but the core benefits are largely untouched, so companies like pfizer are still trying to take advantage of moving offshore if they can. >> can this deal go through? >> there is a very obvious strategic fit. actavis is a company that a lot people have said would be a good second choice for pfizer after astrazeneca which did not work out for them. the logic is there. needed a willing seller, of course. we are not aware if that is the case. as a buyer, it is not outlandish to suggest they would become a target. >> we saw some big moves in the equity markets over a particular company either part of a deal for an inversion

. ♪ >> fresh off of jack lew's actions to combat tax inversions, pfizer has actavis.d possibility ofax inversion. here to tell us about it is jeffrey mccracken and steven brozak. s and thesion pharmaceutical industry. explain how they might or might not work. >> it has been a fairly self-evident story. he went out there and you bought a smaller or midsized company and got the tax credit overseas so you did not have to pay the same tax rate. there's a big question of what will happen next. is this a deal for -- what does but esther do when you do not have lock buster? it is a game of armor cynical clue. >> let's play a little pharmaceutical clue. pfizer -- astrazeneca, that is the $14 billion that did not happen. >> that is the one that got rejected by astrazeneca. one of the lessons visor learned. they did not deter them from pursuing an inversion. what the treasury cannot with yesterday will steer pfizer off of this path but it didn't convince them or show them they will want to do a friendly deal. they will want to be invited or make sure the company they go after wants to be a wir

pfizer abandoned a bid for astrazeneca.st software update may be causing mobile apps to crash more. iosrding to a report, the eight operating system is causing apps to crash 67% more often. and starbucks will buy the remaining japanese operations. store profit in japan is the money highest -- is among the highest worldwide. political conference underweight in the u.k. to discuss how political challenges could become economic challenges and talk about all sorts of prices. robert tober. -- tolbert. tandem,kets moving in will we witness a divergence now that u.s. interest rates possibly are heading higher sooner rather than later? >> i think we are into a new phase for financial markets. up until now, it has been about monetary largess. we are getting into the phase will some -- where some cubbies are going to be tightening policy and others will be loosening policy. more instability, i think. >> what does that do to equity markets? does it influence the price of the assets? ins it move equity markets and of themselves? >> i t

pfizer does need to do something.f you look at the future pipeline coming, they do have new drugs. none of them at the moment are looking ready for market or significant new additional angles for the drugs. they do need to do something. >> thank you so much. >> we mentioned on the front page, apple and the iphone's and the bent iphones. this is fascinating. from the next web, they went to apple support because they bent their phone. this report is, you can get your iphone that is bent replaced. >> with another one that will bend? apple will start replacing them. the distinction is, i guess they can tell if you did it in your pocket versus you did it on purpose. >> you could just go in there and say you did it in your pocket. >> i want to be careful. this is well sourced, but from a number of sources -- >> here's the thing. if you recall in the iphone 4 came out, there's a problem. they fixed it. i want to know, are they going to fix it, not just give unit iphone 6? >> apples to replacing bent iphones. that is from --

pfizer is pursuing activists domiciled in ireland.art trading of i want to bring in someone who thinks that the opposite, that these big deals like the pfizer one we are talking about is going to slow down because the u.s. government is cracking down on these deals. john kerry the portfolio manager at pioneer, which oversees about 230 billion dollars in assets. why do you think these deals will not go down? ofthere will be a period reassessment, go forward. also, it has been pointed out, as people look at the fine print, that the ability of companies to shift earnings overseas has not been affected. it could be companies do proceed with some of those deals. there will certainly be reassessment and it may be some of the deals do not make as much sense as formerly. >> how are you trading on the outlook? >> we pursued a diversified approach. health care, the area primarily affected this -- by these changes, is certainly an area of emphasis. companies across the board. we have been focusing more on companies that have a strong business. a

we saw an expectation that pfizer may try to do a deal. it takes a pause and of course hits the stocks. >> amon, thank you very much. >>> well, those inversion worries were not the only reason for the market selloff today. the escalating war in the middle east and the economic impact of u.s. airstrikes in syria as well as down beat data out of the euro zone economy also weighed. all ten sectors of the s&p were in the red, the dow lost is 16, dow nienlt, the s&p off 11. >>> and the overall theme of this year's clinton global initiative in new york city, where business, government and entertainment leaders from around the world gather to discuss the controversial issues and look for solutions. it's a big event, filled with headliners. and it coincides usually with the annual u.n. general assembly meeting across town. john harwood was there. >> this was a rare event where the sitting president of the united states was not necessarily the principal focus on a day even when he discussed airstrikes against syria, that is because the clinton glob

about pfizer potentially approaching active s.ker is telling me this could chill some of the activity. some of the deals could have gone forward but might want to renegotiate terms. big question marks. >> if it does stop or slow or change. we have to wait about two seconds. let's bring in mike firm of wells fargo securities. they put up a big note this morning. thank you for joining us. do you think this will kill some of the pharma deals or change them or have no impact at all? sdpl i don't think it kills the deals but i think it does alter the landscape a bit in terms of which deals are more or less relatively attractive and tips the balance in favor of some deals that have other merits and not solely benefits from inversion. >> can you give specific names which might be dead in the tracks and which might be renegotiated? >> for example, salex is in process on acquiring cosmo pharmaceuticals expected to close in november. we think that these rules may tip the balance away from that deal and more in favor towards a potential acqu

we -- if we say that that is wrong, that everything is , the pfizer court was wrong. reviewing what an administrative agency has done. or are we reviewing what the court has done. do we have the power to review what the fisa has done. >> we're asking for the former, not the latter. i will note that. there are any number of --veillance stretches statute structured in that way. they set up the limitations. i don't think that is a novelty of section 215. it is the same in section 1881a . >> i am familiar with it. [applause] questions, weour are challenging the government's daily collection of our records and we are not asking this court to overturn it. injunctionng for an against continued collection by the government. that would be put in place without saying anything at all. i think that's what our challenges. it is understood as a challenge under the apa. even if you characterize our challenge as one, i don't think that would change matters. the government itself notice that it is true that a district , the physical order. the plaintiffs would be entitled againstve an

pfizer has talked about an acquisition that would allow pfizer, which is based in new york, to move overseas and reduce taxes. according to people familiar with the situation, pfizer made this approach before the new rules came out two days ago. >> isn't this just the idea of creating and going business abroad, and if burger king wants to -- >> which is still going ahead with that. >> clearly for a tax advantage, all they got to show is these are growing concerns and they're going to put whoppers in canada for tim horton addition >> they are tightening the rules. it's not like you can't get around it completely. >> i'm also intrigue that had lawyers are telling these corporations to go ahead and do it, which from my point of view, we need to talk to an expert, undermines the notion that the president can unilaterally make changes. in other words do, so without congress. >> yeah. >> that's one of the big questions we need to sort out. >> we will continue to monitor these developments, if any companies tells us anything more. those are front-page stories this morning. >> very good. markets are

we -- if we say that that is wrong, that everything is , the pfizer court was wrong. reviewing what an administrative agency has done. or are we reviewing what the court has done. do we have the power to review what the fisa has done. >> we're asking for the former, not the latter. i will note that. there are any number of --veillance stretches statute structured in that way. they set up the limitations. i don't think that is a novelty of section 215. it is the same in section 1881a . >> i am familiar with it. [applause] questions, weour are challenging the government's daily collection of our records and we are not asking this court to overturn it. injunctionng for an against continued collection by the government. that would be put in place without saying anything at all. i think that's what our challenges. it is understood as a challenge under the apa. even if you characterize our challenge as one, i don't think that would change matters. the government itself notice that it is true that a district , the physical order. the plaintiffs would be entitled againstve an

while pfizer is confident chinese counterfeits haven't infiltrated american pharmacies, there's thatou'll find fake expensive brand names sold for next to nothing on the web, often to americans. >> the oldest adage in the world is when you get something for nothing, that's usually what it's worth. >> right. >> except people go brain-dead when they buy this stuff. >> we wanted to see if we had gone brain-dead. remember that set of callaway golf clubs we bought for $275 in china? we brought them to callaway's headquarters in california to see what we had. >> i can't believe it says great big bertha. >> we had our clubs inspected by a pro. >> well, they've copied everything. >> by an investigator. >> these look like the authentic. >> and by a robot. all in an attempt to see how good the counterfeits were. what we learned, is that the great big bertha of china was hitting 240 yards on the robot, only ten yards shorter than a genuine. that looked pretty good. until we gave them to a real golfer. >> huh, that's ugly. >> jim colbert of the pga champions tour, who swings with callaways. so i

pfizer now reportedly making another run at an inversion.ime holding takeover talks with activists.

this is what pfizer has done. they went to britain, took over a drug company and used the cash they stashed abroad to buy that company and they will never repatriate it. >> should the united states be thinking about something to get this money back? >> to me, if you want to renounce your corporate citizenship and move abroad, pay up all of the taxes you owe and it wasn't give to the united states, and number works i think immediately and retroactively, everybody who did an inversion should be treated the same as an individual. if an american citizen living in canada or europe has to pay their taxes every year and file in the united states of america, so should a corporation, and i would like to see that in the court and that could be an edict out of the treasury at the department. >> diane francis, good to see you, writer for the washington post and writer of many books. >>> season soft so the was a journalist in syria and wrote for time magazine. today the islamic state released a video that purports to show his

target, ebay and pfizer are also hoping the u.s. supreme court will take up the issue. they argue the inconsistency with varying rules from state to state has become problematic for human resou human resources. if the supreme court does make a decision, it would likely be heard by july. >> thank you very much, stephanie. >> and we're waiting to hear the condition of a 6-year-old boy recovering this morning after he was attacked by a mountain lion in south bay. >> it happened while he was walking on a trail not far from a cupertino winery. >> reporter: the game warden says that the cat did actually follow the family back to their car, even after the attack. meanwhile, the search has been suspended overnight because it's just too dark, but a couple of game wardens did spend the night at the attack site in case the cat came back. it did not. the search will continue this morning. it attacked the 6-year-old around 1:00 sunday afternoon. he was with his own family and another family of five, all hiking near the picchetti winery in cupertino. even with a large party like that

a lot of these businesses like eric mentions pfizer. one of the first companies to the table to push for obamacare. then goes and pulls a huge hypocritical move and tries to move over to the uk to hide his taxes. >> i know you know a lot about obamacare. the one issue that's going to be out there in november. >> that's because of every ensuing scandal has piled up. >> 1% of the vote will be on obamacare. >> you touched on november and the midterm elections, everything coming up. how is this going to impact. will the economy play a big role in the november elections? let's take it around. >> it will not because everything else, expectations matters in politics. and expectations about the economy are better than they were before. i think the democrats will >> so i think, yeah, you know what really is weighing on the american people? $4 a gallon gasoline. i don't care what you say. you go to middle america and you pull into a gas station, it's 4 bucks a gallon. no matter how much money you make on the east coast or west coast, the only tim

sÓlo tiene cuatro pfizer que comprÓ sus propios uniformes, imagÍnense.tienen plazo hasta hoy para demostrar que son residentes legales, si no lo hacen pueden perder su cobertura, comenzamos. ♪ ♪ >> Éste es su noticiero univision con jorge ramos y marÍa elena salinas. ♪ ♪ >> muy buenas noches, comenzamos el noticiero con un misterioso vuelo hacia la muerte. una pequeÑa aeronave realizÓ en extenso recorrido internacional entre el atlÁntico estadounidense llama caribe, hasta estrellarse finalmente las costas de jamaica. lo extraÑo es que aparentemente el piloto perdiÓ el control de la nave y debiÓ ser escoltado por naves de guerra estadounidense. vilma tarazona tiene la inexplicable trayectoria y la hipÓtesis del fatal accidente. >> la avioneta partiÓ a las ocho 26 de la maÑana, perdiÓ contacto con las torres de control cuando sobrevolaba atlanta georgia encaminÓ su destino previsto en florida. pero no responder las yemas de los controladores aÉreos se despacharon dos aviones de combate para escoltarlo. los f15 se mantuvieron. la nave continuÓ volando hasta

i have some asstra ztrazeneca ae pfizer. that's the kind of work we do. >> hearts. >>> still ahead, the biotech name that's logging huge gains as both the u.s. and canada greenlight the u.s. of its ebola treatment drug. >>> apple's product launch on september 9th was disappointing for gt advanced technologies. is there more bad news in store for the stock? the analyst who's been right on this stock just cut estimates today. we've got him straight ahead. one day, machines will be sprayed to be made. and making something stronger... will mean making it lighter. one day, factories will work with the cloud. one day... is today. it's in this spirit that ingu u.s. is becoming a new kind of company. ing u.s. is now voya. changing the way you think of retirement. chocolate, soybeans, thisand apricots. made with what kind of chef comes up with this? a chef working with ibm watson, on the cloud. ingredients are just data. watson turns big data into new ideas. and not just for food. watson is working with doctors and bankers to help tr

sÓlo tiene cuatro pfizer que comprÓ sus propios uniformes, imagÍnense.

had a lot of activity with pfizer recently. pfizer's going higher. >> i still like the u.s.the next fortnight, you want to lighten up. >> how many weeks would that be? >> two weeks. two weeks if you're on the metric system. >> dow chemical. bought it today. >> guy? >> want to watch the giant game? >> no. >> 8:30. >> vertex! remember robyn was here. she's right about this stock, by the way. on my left. >> to your left. >> i'm melissa lee. thanks for watching. we'll see you back here at 5:00 for more "fast." keep it tuned here. you'll want to hear jim cramer, especially after today's selloff. "mad money" starts right now. >>> my mission is simple, on make you money. i'm here on level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people try to make friends and i'm here to educate you. up day down day, flat day. investing can be a lot like comedy in both disciplines, timing is everything. ♪

pfizer was found guilty by a jury of conspiracy j. >> wow!, johnson & johnson, all fined the same thing. pharmaceutical companies are like drug cartels. (laughter) >> that's a good one. >> it's not a joke. it's a fact. i've studied this. >> i'm a comedian. i know about jokes. that's a joke. >> this medicine kills people. do you still think it's a joke? >> well, not that part. you've got to learn how to get off on a high note. >> fortune 500 companies behaving like drug car tells? seemed hard to swallow. i went to the heart of the oxy triangle to confront one of them face to face. i would like to speak to your don. >> who? >> your don. the drug lord or -- the top guy like your pap lo escobar kind of -- >> goodbye. turn that off. >> turns out nobody on the inside would talk to me. then i got lucky. (laughter) >> the guy there. >> who the (bleep) are you? >> i used to be a pharmaceutical sales rep. >> a whistle blower emerged to tell me how these companies are allowed to continue to operate. >> so they can buy anyone they want -- the fda, the go

. >>> reportsehwhat pfizer are in talks about a possible merger, this comes after they abandoned their them to have ae1 $30e1 billion deal. shares up to 3% to $248. >>> and e1hasbro has inked a de with disney on the blockbuster p)jm, e1frozen, the toy maker wl also make dolls based on other 1 classics, like cinderella, beauty and the beast.xd shares of hasbro rosexd toe1 50 >>> and reporting a wider loss ts expenses rose but ider loss the results were mixed. revenue climbed topping estimates and the season ticket sales were ahead of where they were last year. despite that ÷ stock just more than a percentage point to 86.04. >>> and walgreensw3 looking to sell theok infusion service implements, that is whent( you salese1 shares up slightly to 62.50. and stars putting itself up for sale, the movie cable channel has obtained an investment firm, one possible taker could be 21st century fox, shares of stars popped to çó$31.23. >>> and a deal isfá a deal, another setback for oil giant bp. a federal judgee1 ruled that business owners canxd keepfá thi payouts they received from bp after theñr g

over a period of just over a year ago, pfizer paid out $275 million to settle several thousand lawsuits alleging that chantix caused psychiatric problems. >>> happening today, the american red cross will present an award to philly international airport. it's the preparedness and safety award for the defibrillator program. the defibrillators have been credited with saving 18 live, since the start of the program. >>> a new poll, new jersey drivers admit to the same risky behaviors they would condemn if they were a passenger in the car. the rutgers eagleton poll said a driver eating or drinking is unsafe. and the majority of people asked said that a driver using a handheld cell phone makes them feel unsafe. and 10% admitted to reading phone messages or sending texts while driving. >> announcer: now your nbc10 "first alert" weather with meteorologist bill henley. >> it's been a dreary morning. we have seen steadier rainfall, but it's taken a break in the city. it's lighter than it was. don't expect it to stay that way. we'll get heavy rainfall and gusty winds. 61 degrees, the rain, the wind

pfizer, honeywell, verizon, fedex, apple. what goes through your mind when you hear these figures? >> well, so many things go through my mind. but, you know, one of the things is how unfair this is, and how angry americans ought to be about this. i also think of the ethics of the question. if i were a ceo, take of a company like apple, use the ingenuity of america, based on the internet. internet was created, in large measure, by government -- >> right. >> -- by government spending. they're willing to take but not to give back. so, there's really a whole set of problems that concern it, ethics, equity, fairness, resource allocations. what they don't seem to understand is our society can't function if these large corporations don't make their fair share of contributions. >> aren't they likely to say, though, in response, well we do this because the law permits it. this is what the system incentivizes. >> well, the law does permit it. they use their lobbyists to make sure that the law gives them the scope to avoid taxes. so, this argument, oh, we're only doing what the law allows, is

where big chunks of sales come from overseas that could hit places like proctor and gamble and fooiz pfizer and tech companies like microsoft. they are saying stay focused. >> have plenty of earnings coming from inside the u.s. after all, the economy is a bit stronger and broadening here and you'll have currency contention. that's what is dominating what i'm doing in my portfolios to benefit from the u.s. pickup. >> reporter: hedge funds and large speculators are the most bullish in years. as long as the u.s. economic data continues to come in strong, especially big reports like friday's job number, that could super charge this rally. a lot depends on central banks and europe and japan delivering on easy policy, both out with key decisions on thursday. for "nightly business report", i'm sarah eisen. >>> even with the looming central bank decisions and risks from a number of international hot spots, the stock markets are near record highs, fostering what some are calling a usa mentality. steve liesman explains. >> reporter: call it a fortress usa mentality. the news abroad ranges to military

. >> reporter: alon company signed with pfizer, and it is a measure that some parents take for extreme measures to solve their situation. >>> and i'm tyler mathisen, have a great evening, everybody. we hope to see you back here tomorrow night. >> the following kqed production was produced in high definition. [ ♪music ] >> erika shuch's year-long creative journey will take her from the headlands to the stage as she delves into metaphors for separation and incarceration. >> erika: imagine that this desert sits on the edge of the world. >> jesus aguilar: zero, zero, one, zero, zero, six. >> what jesus aguilar finds when he explores language can only be captured with a video camera and a computer screen. >>> print maker kathy aoki challenges the dominant ideas of girlhood. >> kathy: it's a visual allegory for how the media affects girls. >> and the animation of m dot strange ... this time on spark. [ ♪music ]

over a year ago, pfizer paid out $270 million alleging that chantix caused psychiatric problems. >> laterhis morning, the "today" show will spotlight several children in this area battling cancer. it's part of the series "shine a light" series. kate y zachry found out how inspiring the kids are. >> reporter: hi, this is part of a lifetime for these kids as the "today" show came here to children's hospital of philadelphia to shoot the story as well as a music video. that music video and the story will air on the "today" show on nbc10. 4 1/2-year-old sophia was one of the lucky kids chosen to be in the story and this charismatic little girl was diagnosed with leukemia. she's been coming to the hospital for chemo treatments. sophia's mom said it was such a great experience for her daughter to come to something positive and fun, instead of painful procedures that sophia is used to. now, an added thrill to these kids, sophia and some of the other children featured in the music video and in the footage for the "today" show today, they will be on the "today" show later this morning. they went to

. >> reporter: alon company signed with pfizer, and it is a measure that some parents take for extreme measures to solve their situation. >>> and i'm tyler mathisen, have a great evening, everybody. we hope to see you back here tomorrow night. >>> the computer is our tool. it's the new pencil. ♪ ♪ ♪ ♪ ♪ ♪ >>> people who tour these galleries often say, wow! i had no idea. many think computing is about scientists, engineers and mat ma tigzs, but if you've ever texted, e-mailed shopped online or streamed a video you know computing is about you. when computers meet movie making amazing things can happen. shrek wins the heart of princess fiona, simba becomes the lion king. computer animation in the hands of story tellers has changed our hollywood experience forever. in this episode of "revolutionaries"e'

. >> reporter: alon company signed with pfizer, and it is a measure that some parents take for extreme measures to solve their situation. >>> and i'm tyler mathisen, have a great evening, everybody. we hope to see you back here tomorrow night. ♪ >> this is "bbc world news." >> funding of this presentation is made possible by the freeman foundation. newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years. kovler foundation. union bank. and beijing tourism. ♪ >> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce. we put our extended global network to work for a wide range of companies, from small businesses to major corporations. what can we do for you? ♪