big pharma is in big focus ifi pfizer and merck report their earnings tomorrow morning.ter than meg to help us with those numbers >> we'll start with merck. the big thing is cetruda it's a huge immunotherapy drug they had research and people will wonder how that momentum going to coin. people are also wondering, what is next in the pipeline? what else is going to contribute to growth? people will listen closely to that an for pfizer, the main thing is m&a, lots of speculation about whether pfizer will do a big deal they had those huge transactions they attempted in recent years neerbt of which transpired there's been a lot of speculation whether they might go for bristol myers although the management team had been talking it down. and we'll mention allergan today. the sock is down, even though the quarter was beat top and bottom line and they raised guidance hearing that, even though they outlined ideas for strategic evaluation of the company, jus some confusion among investors on what is happening there interesting to see the stock down 4% on a good quarter. >> coming i

that is flavor what we're looking at in pfizer. i will turn it over to dr. shelley to wrap up the panel. >> thanks, so much, john, for that perspective. at this point, dr. shelley, would you like to be the anchor for the panel? >> as a specialist on transnational crime and especially being a specialist in the region that the helsinki commission is comprised of, which is europe and former states ever the soviet union, i want to give you a perspective how different our phenomenon is what we're seeing in the rest of the osce region. next slide. first of all, as was mentioned we have a very large number of fa the tallets in this country -- fatalities in this country but it is not only large but unique in the developed world. in the osce region, or i should say within the european union there were only a little over 8,000 deaths in all of the aeu in 2015 which is a region of about half a billion people. so much larger than the u.s. where we were having deaths of over 63,000 from drugs in general and 42,000 from opioids. as we're talking about how much is availabl

pfizer's continued pursuit of a sale of its consumer unit.es things like advil, centrum, emergen-c the unit itself has been for sale for months. in fact, a process has been under way that has been fairly well reported on most recently, glaxosmithkline dropped out as a potential bidder as had previous to that, another company. i can tell you where things stand. proctor & gamble remains the one potential bidder for the unit. however, based on conversations with people close to the situation, it doesn't appear likely they will reach a deal because they are far apart on price. pfizer had embarked on the sale, potential sale of its consumer unit with the hope it would fetch as much as $20 billion but sources familiar with the situation indicate that p & g is hovering closer to a $15 billion or $16 billion number. the gap there, too large to bridge at least at present therefore, pfizer may not go ahead and obviously do a sale. what else would be in the cards for the company? it is possible that it might pursue a joint venture of some kind with not

>> we are seeing something we comes out himself hard and they, with the policy and his at pfizer's ad- his advisers add measures. guy: this is a planned strategy. >> whether it is planned or ad employ, neither here nor there but something we have seen before. i do not know that anyone tells trump what to say. we have seen in the past where trump's top at pfizer's will fact, after hehe tweets something and say it here is what we meant by that. i think in some ways it functions well for the administration. they're able to throw a bone for their base. trump can be the hero and say i am proposing these extreme things. the administration can temper that. his lieutenants can temper that. they can end up somewhere in between and hope the base do not notice. matt: i wonder what the risks are here for trump. europe pfizer's or the tenants are going out there and telling the world that what you said is a negotiating tactic. that takes the sting off it a little bit. >> that is true. how thecomes to international, the u.s. and trump is viewed, that does undercut a bit on the president's bully pul

pfizer.course for us would be to acquire all the homes. >> the constitution and fifth amendment, eminent domain, they can take your home and your land. it's perfectly legal. >> i'm calling regarding the people trying to steal my house. >> we are here to help them. we are going to take your case. kennedy: it's a true story. president scott bullock who argued the case before the supreme court and the writer and director little pink house. kennedy: scott, i will start with you. you took the case pro bono because you knew this was wrong. this was pfizer, a giant corporation coming into a sleepy town saying we'll take what we want and the government will help us. >> these aren't takings for roads and bridges, this is taking land from suzanne and her neighbors to give to other private companies. it was something a vast majority of americans see as profoundly wrong. and this movie does a great job depicting that. >> this cases are nateed throughout the country and throughout various eminent domain d

beyond but the success of the city will depend on the rise and fall of the companies it attracts pfizer tama and total have already arrived for now they've limited themselves to small scale production for the saudi market but there's plenty of room for growth city planners are especially proud of the harbor it's already the second largest in the country like the rest of the city it was built by a private investor shows and demonstrates the maximum participation of the private sector this is purely private sector economy and it is none of the pendant and it is proving the quality of life but this may not be everybody's idea of a good quality of life project managers have organized jazz concerts in an attempt to inject life into the city a few hundred people turned up but that can't disguise the fact that king abdullah economic city is missing something perhaps a soul. that one can only come with time thanks for watching. everybody. the to the to. the to. the to. the to the to a. freedom of expression. a value that old ways has to be defended and new. all over the world. of freedoms freed

i actually have reviewed pfizer warrant when i was a u.s. attorney.here is the problem for all of them. they provided false information to the court as part of a conspiracy to fram the incoming president of the united states. and there is simply no way around that any longer. because what happened -- this is over because he is going to have to drag a bunch of people before the grand jury and when all is said and done, it will be shown that from president obama on down, there was knowledge of the unmasking of american citizens for the purpose of leaking into the media to embarrass those people, get a political advantage, and are to take down the incoming president of the united states. there is now no doubt that brennan and klapper and comey and mccabe and others worked to undermine the incoming president in a criminal conspiracy. and mr. huber, if he does his job, will be able to prove that quite easily. >> sean: gregor, do you agree with that? >> i absolutely agree with that, but i worry when you have the department of justice investigating the depar

. >> the pfizer applications based on the dossier and the verified dossier, to spy on americans. >> this is getting into the weeds. the telling of the facts, for one thing, it goes to a pfizer card and you have to demonstrate to a judge there is reason to issue f i sa warrant. don't give me the impression -- >> don't tell the court -- >> all of the investigation about russia began before there was any evidence from the dossier. it is icing on the cake. no one is relying on the dossier. you have criminal convictions, based on other people's confessions of dozens of contacts between people in the trump campaign. how about michael flynn. do you expect that one? >> mccabe -- >> this is why we can't get any place. even if you get a conviction, they say so and so -- never accept anybody -- >> things come out about that. i don't know him and -- financial crimes were committed -- that is why i am pooh-poohing this stuff. >> host: i want to get this quote in from page 172. leona blakey, our producer pointed this out. i missed it completely. this is about loretta lynch. at that time, we were alert

much larger consumer unit and pfizer wanting as much as $20 billion and p & g not near that price and not going to happen and i don't know what pfizer is going to do with that unit all of the bidders are gone. >> i guess -- but p & g does that's a sizeable acquisition. >> unilever which a quarter of the people didn't like, but much better growth. >> the journal writes the story of nobody getting pricing power and everybody facing inability to raise prices. >> bad businesses in the supermarket and the drugstores bad. >> all right when we come back, we'll talk more about nxp and qualcomm. we will talk about takata's bid for shyer and if managing director christine lagarde >> am the guard. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single t

pfizer, that is using its tax cuts to actually raise drug prices on americans. but i'll say one final thing about paul ryan. if you are proud of your accomplishments, you don't quit and you don't run. so today we're going to hear from a number of our congressional democrats, every single democrat stood together and voted against this bill, and we should thank them for that. [applause] and were also could hear from some of the people who are going to be affected the most by this bill, those who rely on medicare and medicaid, and those programs are being put at risk. those who, you know, our public school teachers, our educators are doing good work and are being punished for the public service. so our first speaker is a president of latin america vote. he was also the first millennial elected to statewide office. please welcome jason kantor. [applause] >> howdy. how y'all doing? warm, right? that's what i thought. that's cool. good. i i appreciate y'all being at i. okay, imagine for a minute like this group of people looking back at me that we all part of a corpor

c sitt its price target from $70 to 78 after a meeting wit pfizer's management. it has no interest in acquiring bristol orntering into any other large scale deal. the rating on bristol remains a y. the stock fell 2% to 58.84. >>> bed, bath & beyond saw its price target cut by at least eight firms following that disa wointing earnings repor told you about last night. one of those firms is keybank which now has a price target of $16 on the stock, one of the nawest on the street. thests there says increased competition will lead to even more pain f the retailer. shares declined nearly 20% today to $17.21. >>> and puma biotech saw its waiting cut. the analyst says the budget tivt that stock is cut in. despite the downgrade shares rose by 1% to $67.10. >>> still ead, remember subprime loans? they helped fuel the financial isis, so why are high risk mortgages making a return? >>> theumber o american's filing new claims for unemployment has now been at a record low for a record amount of time that is. joess claims decreased by 9,000 to a seasonally adjusted 233,000 in t

increasingly assertive them address us are considered by many to be breeding grounds of fundamentalism mufti pfizerlaw teaches islamic sharia law and to koran school in dhaka and has repeatedly been accused of hate speech in this video he calls for the death penalty of a politician who criticised pilgrimages to mecca talking to a t w he explains why the islamic. motto be in his new novel there are differences. in the prophet. if you insult or abuse that. heart. so what should you do if you are hurt or do you pick up a weapon with them but you know that it is law does not permit it so when it comes to those who hurt you and make your heart. at least you can ask for their punishment. to have it. not only atheist bloggers but also artists and people of different faiths have been on depression bangladesh in early march there was yet another targeted attack against a renowned writer and eminent scientist the motive of the young perpetrator he saw his victim as an enemy of islam. and you can watch the full length documentary that is called zero tolerance bangladesh beginning tomorrow on d w and on demand

increasingly assertive them address us are considered by many to be breeding grounds of fundamentalism mufti pfizer law teaches islamic sharia law to koran school and duck contests repeatedly been accused of hate speech in this video he calls for the death penalty off a politician who criticised pilgrimages to mecca talking to a t w he explains why it is that the motto be in his. allah and the prophet. if you insult or abuse that the whole be a hot spot. so what should you do if you are hurt be pick up a weapon with them but know that it is love does not permit the sword but when it comes to those who hurt you and make your heart. at least you can ask for their punishment. to have it. not only atheist bloggers but also artists and people of different faiths have been on depression bangladesh in early march there was yet another attack attack against a renowned writer and eminent scientist the motive of the young perpetrator he saw his victim as an enemy of islam. and then you know what struck me this stunning statement from of the political advisor to the prime minister the bloggers brought it upon

pfizer, apple, merck and report their earnings. or friday the closely watched employment reportpril is due out and that's what to watch for next week. >>> well, you may have tried yoga before but have you ever done it with goats? one woman combined the two, created a following and now has a successful business. jane wells is in corvallis, oregon.>> 'm trying to hold a plank position. but i have two baby goats on my back. >> do the goats ever jump from this? because that would be weird. >> it is ird, but also kind of a nice massage. welcome to oregon, the place where the strangest fitness trend was born. >> focus on your breath. >> goat yoga. >> i had never lived in a spot where i could have goats. i've wanted them my whole life. >> lany morse had a career in marketing, then she got divorced, came down with an autoimmuneisease and was very depressed, but she bought some goats and they me her feel better. >> i would go out in the field every day and spend time with my goats. i started calling it goat happy hour and inviting people ov

we will see corporate earnings from appleton pfizer, the federal reserve full—bodied its latest interest us jobs report. joining us isjessica ground, uk equities fund manager with schroders. good morning, nice to see you. let's talk about sainsbury‘s, its share price come huge rises on the london market for the company, you have announced plans to merge with walmart owned asda. what does the rise in share price tell us about how shareholders view the deal?” think the positive response, they announced half a billion in cost savings to be delivered over the next two years, so i think that is a positive. the other thing that they will like is the pension liabilities are staying with walmart and because asda has got quite a lot of its own properties the balance sheet looks quite strong. so in terms of the ability for the merger to deliver long—term value, you need to reinvest in online, take out cost, remain competitive, people peeling it is compelling. if it's something we saw coming? in lots of industries you talk about possible consolidation, i know in pharmaceuticals for example it is a

spotify and stitcher also we have tons of web exclusive videos every week just go to youtube dot com pfizer jackson. is getting international recognition with the help of israel at least in the world of zoos and dismiss it. like you know. this isn't my cup but he is going up you know maybe. john. palestinians gets the most help from its jerusalem counterparts i don't think some of those who. wish to look at it this way. and that's. going to compete in the doesn't seem to do more. in the heart of the swiss alps this is a place probably secretive than the pentagon more mysterious than the cia. for knox customs place well all the science is controlled by them and they impose the opening times. plus the procedures in place of the strictest in all europe to pieces. by artists like pecans oh and modigliani i kept boards unsold inside this warehouse that's where the report comes in it covers a. naturally discreet commercially discreet step but also discreet because they concern fraud. some of those paintings are linked to dark secrets nobody knows how many of these secrets kept inside the geneva f

six times the head of insurance, six times the head of pfizer drug, have met with him in the white house. he's never called out to us. >> hinojosa: has he called out to you? >> never once. doesn't answer the letters. one of his best friends, dr. r entin young, 85 years old, in chicago, the lea the single payer movement, wonderful doctor who he used to spendqu e a bit of time with, he never invites him for consultation. the he of aetna, the source of the problems? he is conflict averse. hinojosa: so what do american citizens... what do we do, then? because, you kno there are a lot of people who are saying, "well, wait a second. we thought that change was on the way." obviouy some people are saying, "wait a second. we don't see the change coming. now i feel entirely frustrated, and i feel so frustrated that i'm entirely apathetd i don't want to do anything." >> well, that's exactly what the power structure was you to do. in other words, wants you to quit, to withdraw.e, and of couhat is not acceptable, right, if you carend for your dests and your children and your country and your world? i

, it is about taking it closer to becoming a global pharmaceuticals giant, taking on the likes of pfizertalks to conclude by mavi eighth, that could still be extended, but going by the big drop in takeda shares today here in asia, there are doubts about the company's ability to pay for this. so the question now is whether this deal is too big for takeda to handle, eve ryo ne too big for takeda to handle, everyone wants the deal to close, but investors seem to think it is a little bit of a hop data, so we will have to wait and see. christine, thank you very much indeed. let's have a look at how the markets ended the day. asian shares fell on wednesday as a rise in us bond yields above 3% and warnings from big us companies of higher costs drove fears that a boom in corporate earnings may be near its peak. takeda shares closed down 7% in tkyo and shire up 3% in london. let's have a look what european stocks doing briefly. most markets in europe taking the lead from asia. let's ta ke in europe taking the lead from asia. let's take a look at what is going to be going on in the stock market on

i think the justice department's concern is they recognize the dossier, pfizer court process runs intoueller investigation and it is king mueller at the justice department, has more resources than any federal investigation going and was appointed because of this dossier, questions whether he benefited from these applications and is still using this linton dnc dossier and any special counsel prosecutor is going to run into this and if they were serious they would pause the mueller investigation as relates to the dossier and these 5 awards to figure out what's going on. >> i talked to judge and napolitano about this and he said one of his concerns is it was his impression hoover would have to move to washington dc in order to accomplish what he needs to get done. >> i don't think he will be going a grand jury. he is general sessions. his position was announced in november. fox news broke, nothing has changed since then. they have been looking at this and looking at it, circling the issue rather than acting directly and getting a prosecutor going. heather: do we know how much money muelle

thattors are not happy pfizer has such a public, germanic saga -- dramatic saga.his is the fourth ceo he has had in six years. the stock can down from its high of 88 euros. long-term investors cannot be happy. no one can be happy unless you bought in at 2016. he will have to defend this in the shareholder meeting in may. one investor said he would like to see someone else running the supervisory board. mark: great job today. matt miller bringing us everything we need to know about deutsche bank. investors look to china's president to calm a trade dispute between the world's two largest economies. we will be talking to gene frieda at pimco. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: i am vonnie quinn new york. this is "bloomberg markets." people familiar with the traits that between the u.s. and beijing says beijing is looking at a gradual decrease in the juan. joining us now is gene frieda from pimco europe. he is joining us in new york today. is there any situation where china would need to devalue its yuan? how much larger would tar

nyt have the generic stocks, and in blue is branded drugs manufacturers like pfizer and merck.have steadily outperformed over the past two years, and analysts here are not ready to call the bottom yet. wells fargo out with a note after results that were negative to generic peers. you can find the chart on gtv . today, it is a tough one and i think because we have just ien talking about pharma, think tatiana wins today. if banks were reported today, you would have had a better day. mark: we have been so a line lately. i'm not going to disagree with you. -- two by a whisker fantastic charts, but tatyana is the victor and will take on a giant that is ed ludlow. this is bloomberg. ♪ mark: life from london i am mark barton. vonnie: this is the european close. the ims is warning investors to not be complacent. recent volatility -- but they go violationseport that of risky assets are still stretched with some late stage credit cycle dynamics emerging, reminiscent to the precrisis period. voluntary is that that i meetings in washington and joins you can the u.s. to meet with invest

if that has a monk but that pfizer has a bit of somehow feeling a little bit cologne with. me. ality that i'm the only giorgio. if you were in beijing looking out the pacific ocean you'd see american warships when mess was that somehow time as aiming to replace america and go around the world call it chinese are not that stupid these guys want to dominate a huge chunk of the planet this sounds like a preparation for war our first president george washington said if you want peace prepare for war the coming war on china part two on a jazzy zero. zero . and. with every. he was the world's most wanted man the last meeting i had with him was off to live. in london was very nervous about meeting has not met a western reporter before in part one of an exclusive two part documentary al-jazeera speaks to those who met osama bin ladin he never showed hostility towards me of the west i knew bin ladin on knowledge as you. well i'm suited in london with the top stories here and al-jazeera russia's foreign minister has accused the u.s. of trying to divide syria into parts so i guess i have

that has a monk but that pfizer has said that somehow feeling well it cologne with. me. ality that i'm the only giorgio. every food do is being analyzed it's being weighed and it's being measured and it was cool this month. and it's not just i phones that's almost life it's i mean most smartphones of all these days at the moment we are in a state of the universe that started in something that was acts i would rather take the risks of democracy to the risks of the dictatorship digital dissidents at this time on al-jazeera. the nature of news as it breaks this is one of the areas that protestant had blocked the road through the final higher than anything out there the fight with details coverage of the fixed dreamily assad regime which everyone striving for the good of the state from around the world this museum aims to be a with posset thore over region's history and its perfected war that has divided tribes here for generations. disillusioned with life in their own countries since the arab spring and looking desperately for a new sense of identity freedom and self-worth

you want to look also at how this plays out against lower volatility sectors like mcdonald's, pfizer and the drug group, coca-cola, not down nearly as much if you look at this momentum stocks big tech names, big semiconductor names, all out perform. that's the orange line etf for that and lower volatility names under perform is now going away in the last two or three weeks these momentum names have slowly moved to the down side what's the issues? several. trade and tariffs were a big one but now social media issues around facebook perhaps even amazon google, rather driverless cars and nvidia a whole basket of things to worry about as we enter the second quarter back to you. >> speaking of valuations, last time we saw a selloff where you talked about the s&p forward multiple what had it gone to and fallen to down to 17 where are we >> in the 16s. mid-16s. important thing is remember back in january we were at 18 and a half, essentially. that's historically on the high level. we're essentially back to the historic norm on the forward multiples, i use forward multiples meaning this full

white house homeland security pfizer.n bolton took over president trump's national security adviser. vice president trump on cybersecurity and counterterrorism. no word on his replacement yet. well, the african nation of chad has been removed from the trump administration's televangelist. the white house said improvements in identifying potential terrorists and information sharing lead to president trump signing off. libya, somalia come as urea,, north korea, iran and some venezuelan officials remain on the list. and then there is this. shocking video showed the road suv slamming into a 711 hitting a man as he walked out of the store and narrowly missing a woman standing at the counter. there she is right there. the 64-year-old man was drunk all the way to the back of the store. he was taken to the hospital with some pretty serious injuries. the driver facing multiple charges including drunk driving being held on $50,000 bail. good but not now suspected drunk driver. lauren: camp with a woman at the counter is okay. just

by the regime ally russia many of the pfizer's belong to the armed group jaish al islam about half of the population of kalam is internally displaced and have been under government siege for years the funerals been held for a fourteen year old boy who was killed by israeli sniper fire at the girl's a border thirty nine people have been killed in the last four weeks of protests the e.u. has called on israel to refrain from using excessive force against unarmed protesters . how massive value in revenge for the killing of one of its members in malaysia police in kuala lumpur say palestinian engineer for the al but was shot four times his family blames the israeli security service mossad israel's defense minister says the engineer was no saint and was working to improve the accuracy of rockets fired from gaza. we tried to deter these incidents but sadly it still happens we will try our best to solve these high profile cases that should not have happened here i give my surance is that safety and security despite these incidents will be ensured especially around the kuala lumpur area the vi

procter & gamble and pfizer are down a little bit.ng the way with rebound is boeing, up nearly 3%. >> time for a cnbc news update with courtney reagan. >> here's what's happening at this hour. canadian prime minister trudeau says talks on nafta have picked up momentum and he's optimistic the u.s., canada and mexico will come to a trade agreement. >> we are happy to engage as much as they want to move towards a deal i believe we're in a moment where we're moving forward in a significant way. hopefully there will be some good news coming >>> the collapse of a crane sent construction workers running for their lives in st. petersburg, florida, nearly striking a man as it toppled over the construction site is to be the new home of the city's police department. no one was injured, luckily and the crane didn't damage the building >>> well, the ohio state university reached an agreement with you are man meyer on a new two-year contract. if agreed, it will keep him employed through 2022 and earn him $7.6 million this year and worth every penny

have a cover-up of the crime she committed with comey, strzok, mccabe, loretta lynch, they lie to a pfizereal evidence and proof. no evidence of trump-russia collusion. that is all the media talks about. of course, the president has a lot of success stories. nobody talks about that either. why? >> let me go back to a very simple model. we are in a cultural civil war. left, you never talk about your sites weaknesses and you never acknowledge the other side's strengths. and of course, what's happening to the left is if you are an average american, you see more jobs every month, more investment every month. you see trump doing what he promised he would do. you see him standing up for america, and your choice is, left-wingers who think it's okay to have thousands of people cross the border versus protecting america. inch by inch, trump is actually organizing exactly like andrew jackson, a majority that i think we'll get him reelected, and that will actually be decisive in changing america's future. >> sean: you wrote a column, mitch mcconnell out there saying, republicans will face strong head

extent in terms of the reaction is natural, or the memory of the failure of trying to tie up with pfizervestors have seen a similar attempt fail in the past. >> i remember not that long ago this massive in than inside the drug industry. contrary to what you would expect when someone said they would spend $10 billion to acquire a company b-shares would pop. it looks like everybody said it is going to work out great. we are entering more realism where people, holders of the companies said we want to know what you are going to do to get the company going forward. we don't exactly love what you are thinking here. you are seeing more typical reactions. julia: who needs shire more? >> good question. i don't know exactly. scarlet: thank you. we appreciate you coming in. thank you as always. the bloomberg health care team leader. up, bruised apple. the key i chip demand for smartphones. julia: this is bloomberg markets. time for our sector spider report. >> today with stocks selling off we are taking a look at the text select sector. -- tech select sector. out diggingcome into that -- here is th

apropos of comey's comments and clapper is a parent lying john huber, who's been selected to show the pfizer illegality will be investigating all the things that we just talked about. the grand jury subpoena will issue from mr. comey, mr. clapper, and mr. brennan. pending the grand jury's appeaser, i think mr. klapper and mr. comey and mr. brennan should have the root security cd until the grand jury and justice department make determinations about their responsibility. their conduct from disclosed invitations conversations violated the standards for maintaining security clearance and the current director of national intelligence, dan coats, should revoke all of their security clearances pending the grand jury outcome. >> martha: what do you think about that? >> a couple of things. first, i agree with congressman king when he says this is a very dark period of american intelligence in the sense of the last 15 months it's been very politicized. i don't think that's good for america. i want to look at what president trump just said. he said "my justice department." do you know what? that's key

with tears in his eyes, he announced to the group that he had just landed his dream job with pfizer farm suit caps and that -- farm suit kvapil -- pharmaceuticals and that he would now be able to keep his home and stay in the town he loved. relief was writtenen -- was written all over his face. to be sure, our economy still faces many threats. trade wars, bad monetary policy, runaway federal spending. but clearly the tax reform is working. from what people are telling me, if it isn't yet morning again in america, it's at least a new dawn. i yield back. mrs. walters: mr. speaker, 90% of americans will see an increase in take-home pay because of the tax cuts and jobs ac. under this new law, -- act. under this new law, a typical middle income family of four will see an average tax cut of over $2,000. those cuts will vary from state to state. in california, a family of four ill see a cut of $2,840. in new york, $3,129. individuals and families will take this money and put it toward their retirements, mortgage payments or college savings. there are over 400 chipotle locations in california. i

do it for president peter metallica pfizer's you might be coming back for the sake of her party and she might be coming back to take part in next year's elections but would she be allowed to given that even though the anti corruption bureau have said that they have no solid evidence against her police have actually said that they're not going to say anything until she's back in the country about whether they're dropping charges here i think for her to to go away was mostly cooling period and interestingly is that while she was in exile she did not actually preach politics but she embraced a more strongly the women and girls issues and that's what she became known for so she merely to an extent to rebrand his solve and take itself out of the vacation the case that she was involved in or accused to have been involved she changed the focus and edward had the former liberian president ellen johnson sirleaf saying that she's delighted that her dear friend the fall of president of malawi is returning home tomorrow confident that the rule of law will prevail that has some pretty high profile i

the memo about russia, looking at pfizer and when it was inappropriate elite -- it's, itiately used,>> i think it was bad policy. >> it was done is -- designed to create the impression to been terrible had been done. schiff memom -- rebutted it. there was another memo that was more limited. i thought one of the purposes of memo was to look at the use of the fisa memo. it was terrible, which it wasn't. it was signed off, at least one of them, the third extension was signed off by rosenstein. i thought this was an attempt to undermine rosenstein. there was some basis for eventually firing him. my memo was designed to point out he did nothing improper. >> i think you have the underlying problem, the members now feel their loyalty to the is more imperative than loyalty to the constitution. take aough they only loyalty to support the constitution. >> not if you have to go through a primary. >> you are for invocation of executive privilege or not. that has got to change. there is not a loyalty to the institution. tom davis is highly exceptional. on that. >> there are plenty of people who c

the memo about russia, looking at pfizer and when it was inappropriate elite -- it's, itiately used,> i think it was bad policy. >> it was designed to miss create that something was done. minimum -- the fifth memo simply rebutted it. there was a third memo which came out in between. it was much more limited in scope. i thought one of the purposes of the nunez memo was to say look at the use of the fight is a memo, it was terrible, which it wasn't. it was irregular, which it wasn't. one of him was -- one of them was signed off. attempt tohis was an undermine rosenstein. there was some basis for firing him and getting rid of the special prosecutor. my memo was designed to point out that rosenstein did nothing improper. >> i think you have the underlying problems. what you identified is the members feel their loyalty to more imperative than loyalty to the constitution, even though they only take an oath to support the constitution. >> not in the primary. >> that is how they act up there. depending upon the political affiliation of whoever is in the white house. you are for invocation of

pfizer was unable to sell its consumer health business so far, but now merck has done so with a dealying -- they're trying optimizer portfolios so they are stronger in research, in developing drugs that could be potential blockbusters, looking into areas like rare diseases, areas where the potential payoff is greater. , but also where they are more focused. that is what is driving a lot of this. and there are a lot of potential acquirers out there and a lot of things potentially for sale. that isnd the premium being offered on the offer rejected is quite substantial. is it research? are there particular drugs in the pipeline that cicada wants or needs? they are in between biotech and a former giant, but in an an easy area. for takeda, the appealing thing is a have to do something. they have had a lot of their drugs go off of patent protection in recent years. there are not a lot of growth prospects if they don't do anything. if they don't do anything big outside of their domestic market. that is why they are looking at candidates like shire. david: eric, thank you so much. really app

they are now in discussions that takeda -- pfizer has tried to buy elegant and astrazeneca. -- and astrazenecage funds trying of the party and take a look at their equity trading. conference, he wants to go along oil and gas and he wants to short facebook. this is the quintessential problem in the markets because if you want to change leadership, that is what you have to do. you have to sell faang. david: that is your dream call. ed: that did not sound objective to me. david: it really was kind of personal about zuckerberg. he was under impressed by the testimony in front of congress. ed: the interesting one for me was larry robbins. he said he was long the likes of cbs. he thinks amazon will not get into the pharmacy -- pharmaceuticals. david: these are real businesses. bitcoin. saying mr. pfeffer bitcoin is going to go to $700,000. alix: how do you even do the modeling for that? ed: it is going to replace gold. it is the only long-term serious replacement for gold, he said. alix: that we did not even know we were looking for. what is interesting is how well these guys perform. they make thes

valuation baked into where bristol-myers is of course some of that came out last week when we heard pfizer was not doing a deal they don't want the stock price to be quite as high. >> the test results for bristol were not as good for the merck drug but sounded like you were describing the bristol tests as having taken place on a particular kind of lung cancer patient with certain permutations in the disease. so it might be narrower is what i'm driving at >> exactly it is a narrower group of patients they were testing their patients in. these drugs are both approved in multiple kind of cancer. right now it is a bigger drug than merck's i do believe that is expected to change over time lung cancer isn't the only part where they are competing >> thank you, meg. >>> all right. here's what else is coming up on "power lunch." the cost of keeping ceos safe. how much your companies are spending and who spends the most plus he built wpp into an advertising powerhouse and now he's resign k. what's next for the company? and from worst to almost first the incredible comeback story of the philadelphia

pfizer at 8% >> spotify a big move yesterday and 139 open here today.tant thing is there is a lot of debate of the model this is a very unusual ipo they did not need to float new shares and not concern of the fact that 90% of the shares were available to trade was it successful or not initial reference price of 132 people who sold, they're certainly happy. people who bought at the open though i think the important thing here is jurors are still out on whether it is a long-term successful model i think there is unusual circumstance here for r spotify. spotify is 139 and stable now and down to 420 points david, back tow. >> bob pisani on the floor for us >> cbs and viacom. both directors are negotiating a deal which cbs would purchase a viacom putting the two companies together an offer that was communicated orally on friday from cbs was made formal. we cannot tell you what that offer is from cbs to viacom. it was immediately rejected. cbs committee indicated they want to pay .55 cbs shares for each viacom share. viacom's committee says are you kidding? n

now, one of the great american drug companies, pfizer, had a major alzheimer's research program under way to look for that miracle drug. to understand what alzheimer's is all about. how the brain works or doesn't work. so, they received $3 billion, $4 billion tax reduction in the g.o.p. tax scam. mediately turned around, terminated the alzheimer's research program that they were conducting, and spent the money on stock buybacks. and increased dividends. you know what that does? a stock buyback will increase the price per share, because there are fewer shares outstanding. you know who benefits? you got it, the corporate executives. because their pay is based upon an increase in the value of the stock. not in more and better drugs. not in hiring more people. not in more research. only by manipulating the price per stock, earnings share. that's what the tax scam did. and it is repeated all across this country. oh, i know, they promised a one-time bonus. not an increase over the years in the salaries and the wages paid to workers, but a one-time bonus. reduced 13% of the tax benefit to co