pfizer seeing their best day since december 2021.nt lows for more, we are joined on the "fast line" by colin bristow great to have you with us. you say straight off the bat this is the same data cut that we saw earlier, so, you're safing the markets are getting this wrong >> yeah, i think there's been a bit of a knee jerk reaction and maybe a misperception in terms of what's really new or novel to the market here. we saw the headline weight loss figures first presented in september last year, and pfizer re-emphasized them at their pipeline day in december, so -- it's really not a ton new here that would really sort of change our perception of this drug in terms of the competitiveness of the clinical profile >> you've got a neutral rating on pfizer, i mean -- if this is not going to get you more -- this data cut doesn't get you more excited, you know, pfizer still has dwindling covid-19 sales, a patent cliff that it's facing, so -- what will help this more data, further data on this weight loss drug >> yeah, i mean, so -- let's talk a

pfizer today is in the u.s.igh-grade bond market with huge deal putting it among the biggest ever. bloomberg news is reporting the pharmaceutical giant is tapping the market for about 30 billion dollars to finance the acquisition of the biotech company, see jen. we just learned a few minutes ago the order book topped $85 million. joining us is bloomberg -- the bloomberg credit reporter. tell us how this ranks in terms of book building. have you ever heard of someone building and $85 billion book? x i think order brothers discovery got a little over 85 billion but it is really big considering a lot of people were worried that challenge on amgen steeled would have put a damper on investment demand, so it is and -- it is encouraging to see people want to snap these up and the orders are really coming in. jon: we will talk about the amgen deal in a little bit, but when you were working the phones, when did you get a sense the appetite out there was pretty robust? josyana: everybody has been waiting for a victim and

a pfizer medication shows similar results to ozempic but the pfizer medication is taken orally. it could be a big incentive to those that don't want weekly injections. >>> a series of videos have gone viral showing fights at the contra costa fire. to try and stem the issue organizers changed the rules for the final day of the fair. other upcoming events are taking a closer look at their security and safety plans as well. >> reporter: at the contra costa fairgrounds trucks are hauling off equipment now that the fare is over. there is a discussion of what took place over three days. the discussion is around fights breaking out among multiple groups on saturday night. as a result, officials added a chaperone policy for the minors on the last day, to prevent that continuing. >> when you see that it is like why? >> reporter: one city leaders saw the videos from the fair. they want to know what security has in place. >> nothing is 100% secure but we have a safety protocol in place. we have security cameras across the fairgrounds. if you do see something happening, we you can direct la

pfizer has issued $31 billion in debt yesterday.rmaceutical giant raked in over $85 billion for an eight month investment-grade deal. appetite is rich if you have people with the right credit to sell. very, size the deal. this is the blackrock narrative, it will go up in quality. >> this ranks as the fourth largest u.s. corporate bond deal ever. most of it was for the debt financing for the acquisition of seagen. this marks a bigger turnaround in terms of the corporate market. the middle of may is a very weird time to see these types of deals go through. we are seeing a lot rush to tap the market ahead of the debt ceiling deadline, the first of june. in the market volatility can see capital markets freeze up. the same thing that has happened through mid-march and mid april when we had all of that banking turmoil. a lot of these issuers were cut out of capital markets because of instability in the markets prevented them from coming. this week we might see $50 billion worth of issuing. it would be one of the biggest weeks since februa

pfizer ceo 58 bert boar allowins us live next. the dow is still losing around 35 51 point -- 351 points but off the lows of the session. don't go away, we've got to see where this one moves. ♪ ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. liz: a beat on both its top and bottom line not enough to lift pfizer's stock which is moving low lower by three the-quarters of a percent. the revenue and earnings while they did beat were down a third from from a year ago. why is that the? sales of covid's

it is not congress put pfizer at risk. it is your organization these abuse happen somewhere else they happened under the leadership of the individuals represented by may sound harsh but the first and earning back this is the ability to admit there is a problem. this problem cannot be explained by staff mistakes and misunderstandings. it is a problem that will require cooperation with clear and open minds. we cannot undertake a clean reauthorization of 702 without an authorization of the problem. a concerted effort to gain back trust and commitment to working with congress. he needs to treasure the renewal of 702 and understand its importance in the work it accomplishes for national security. but that i yield to the ranking member. >> thank you, mr. chairman think to each of our witnesses for appearing today but we are grateful for the important work the intelligence community every day unique opportunity for the public to hear directly from intelligence community leadership about the latest assessments, the most pressing n

we are talking about the pfizer deal, the fourth-largest data sale- debt sale ever in the u.s..oyle under a bit of pressure in the asian session. it was down in the new york session as well. disappointing china data outweighing the strong u.s. data that i talked about, and also outweighing the bullish outlook from the iaea, raising their global outlook for the year. for more on these top stories, let's bring in cross asset reporter emily graffeo, enda curran, and our global economics and policy editor kathleen hays. it was really about the debt ceiling negotiations and the fact that there seems to be some optimism, but at the same time, they keep saying they are still far apart. what is going on? enda: seems to be a new sense of urgency in the stocks. all leaders make the point that the u.s. must avoid a default. kevin mccarthy thanks ideal could be done by the weekend, he says it is not that hard. we are not getting much on where the common ground could be. there is a significant gap in both sides, republicans want deep spending cuts and changes in the area of spending on socia

on that cherry note, let's bring in pfizer's ceo, mr. to have you with us. >> thank you for having me. >> how is the business going covid feels like it is less of a me menace and your revenue in covid vaccine products are down. >> yeah, they were down. the non-covid business grew 5%, which is very strong growth. as you said in your introduction comments, things are moving into the post-covid crisis era. we expect covid would not be any more the epicenter of what we do still, the covid products will remain two of the largest products we have had we have having many other products we are about to launch 19 new products in the next 18 months 19 new products. that's something no one has ever done before, according to my knowledge. but we are up to the challenge, to bring the products, those medicines to the places that need them. >> you've grown your pipeline both by internal research and also by acquisition. i assume you're going to continue to do that. as the company maybe reorients away from the tight focus on covid, what areas of the bus

shares of pfizer higher again in today's session up 2 1/2%.said their oral weight loss drug may be as effective as the injectable ozempic for weight loss. there are reports ozempic may also curb other addictive behaviors like smoking and drinking here to weigh in on all of it we welcome former fda commissioner and cnbc contributor dr. scott gottlieb thnkz for your time and welcome. >> thanks a loot how do we make sense of these brand new weight loss drugs that are already seeing widespread adoption and ozempic thing is freaky why would it stop other ad addictive behaviors? >> there's some speculation it could act on certain pathways in the brain that decreases pleasure from certain addictive behaviors. i think that's sblaktive at this point. right now we only have studies in animals, animal models that were addicted to alcohol, that sought out alcohol seemed to diminish their craving for alcohol when they were prescribed these drugs we don't have human data it's not clear the impact it's having on pleasure seeking behaviors just from its effec

how it differs from what i will call traditional pfizer -- that was first passed in 1978 is there is no warrant, the foreign intelligence surveillance court which was established by the act consisting of 11 us district court judges that served in a secret compartment and facility in washington dc, and they handle applications for court orders under traditional fisa and certifications presented to them under section 702. the difference is traditional fisa, your target is either a foreign power or agent of a foreign power and you have to convince the foreign intelligence surveillance court that there was probable cause to believe that the target is a foreign power or agent of a foreign power and using the telecommunications facilities you want to target, to possess or transmit foreign intelligence information so there's an individualized determination by the foreign intelligence surveillance court based on probable cause, that the target is an agent of a foreign power. under 702, there is no probable cause hearing, no individualized targeting. instead because the targets are all foreig

pfizer is said to have sold $31 billion of debt to fund its purchase of seagen.ccording to a bloomberg source, the u.s. pharmaceutical giant raked in over $85 billion in orders for the eight-part investment grade deal. the bond sale is the largest debt financing for m&a this year and also the fourth biggest in u.s. history. blackrock is calling employees back to offices at least four days a week, saying the firm has found benefits from working together in person. the new policy will take effect from september, allowing flexibility to work from home only one day a week. in late 2021, blackrock expected just over half of staff to be in the office for at least three days a week. global news powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. tom, francine. francine: thank you. sarah halls in dubai. coming up, commerzbank first quarter net income beat estimates. we will get more from a conversation with the cfo and we will also check in on ubs shares, gearing up for a 35 million dollar gain following its takeover of credi

pfizer indicated up 1% a lot of different factors going into pfizer results.t doesn't have the same contributions of any of the covid stuff. both the vaccine and the thera therapeutics >> they kind of lead to that with paxlovid. you exclude from paxlovid. borla is announcing the launches for the second half of 2023. product and indication launches. they are showing they are going to be doing stuff outside of covid along those lines. joe mentioned the stock is up. gain of 54 cents. >>> when we come back, it is jobs week in america head of the employment data on friday, we get numbers from paychex. you can watch us any time by checking out the cnbc app. ♪ (upbeat music) ♪ ( ♪♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. >>> small business actually seeing signs of slowing labor trends according to the latest data from paychecks. job gibson is the ceo of pay chex, and one of the concerns is the fed will continue to raise rates, and it's not that you wan

pfizer made $100 billion from the covid vaccine. afforded to to do a randomized trials. we didn't have randomized trials for boosters in young people, the bisay lent vaccine they pushed for a second round that is the most damning pieces of circumstantial evidence that people were not properly informed. liz: so, doctor, you know, we keep hearing from scientists this covid vaccine, again it is more like a shot, this covid shot, it is different from other vaccines or shots because it has a spike protein in it that klatters around hue the human body'sorgance and brain. dr. cory, covid-19 critical care alliance, doctor, what do you make of this? he is saying in his private practice treated more than 500 patients suffering injuries from the covid vaccine, myocarditis and more. if you raise any issues you risk your life hi hood. dr. fauci fostered an environment where doctors deviated from preferred party line, were persecuted, harassed offering a different point of view. people were basically bullied if they even raised questions about it

. >>> we're getting a market flash on pfizer. dom chu has that for us. >> what we have are shares of pfizer spiking to session highs, up by 3% right now, acceleration in volume. the reason why is because we're getting headlines with regard to a drug that pfizer has in development right now, an oral weight loss drug and because of this drug's focus these days, there's been a lot of attention paid towards weight loss medications like wegovy, ozempic, which has been popular from rival this drug in a steady is said to be as effective and possibly quicker than ozempic injections. ozempic is made by nova nortis these studies out from the american medical association have been out for a while, but the full content of that study is being published that's the reason why. we're also watching shares of no novanortis a pfizer oral weight loss drug is possibly going to be competing more effectively with the established drugs wegovy and ozempic. that's the reason the move is there. >> weight loss is like the ai of the biotech sector, dom. than

yeah, not good well, in response, pfizer went ahead and released this statement."pfizer is nfot gfuilty of thfese chfarges and will oppfose them in cfourt! unftil then, stfay sfafe and rfemember to gfet vfacinated not mofderna pffiziferf pfight me! [ cheers and applause sounds serious >> steve: wow. >> jimmy: pfight pfight -- pfighting, sorry, yeah well, some entertainment news. henry cavill says that in his next performance as superman, he'll be playing a, quote, "enormously joyful superman. enormously joyful superman we actually have an early clip of enormously joyful superman. take a look at this. >> i know you're trying to find out where i hang my cape you won't. [ cheers and applause >> jimmy: looks good i can't wait >> steve: i can't wait to see it >> jimmy: yeah i saw a new report that says that people should not rake all the leaves out of their yard because it's actually better for your lawn's health so, i think with that in mind, it's time to say good-bye to my rake rake, are you there? ♪ >> a lifetime of autumns together and this is how i find out i'm fi

even despite of the ftc move, the doubts over pfizer on top of amgen/horizon, you say, go ahead withde >> i think so. it's dampened the day, for sure. i mentioned it earlier this week, this was definitely one of the variables at play. i feel like the negativity around bio tech has been so prevalent for so long and so many of the negatives in terms of the narrative are out there, that it's just -- it's time for the space to do better i do think other deals will happen, maybe this horizon deal, there's things about it that make it unique, but there's plenty more, you know, in this sector to choose from. >> jared, great to see you thank you so much for coming in. >> thank you >> jared holz. carter, going back to you, you called that chart god-like, so, do you agree with jared's call >> well, so, it's the most -- it doesn't care about currency, doesn't care about putin, doesn't care about tesla or nvidia it is, of course, overowned. the question is, does that group manage care, which is literally triple the health care sector, continue now from -- i don't suspect it can and will. >> one

up next, an auction block that is pfizer making a historic bond sale, landing in the top five ever. details are next. this is real yield on bloomberg. >> is time for the auction block where we saw some bond sales this week. that started in europe where williams have reached more than 56 billion euros, and names like volvo are helping to make tuesday the busiest day for bond sales in the region since january. >> over in the u.s., the big headliner was pfizer. it sold $31 billion in the fourth largest bond sale ever, even in an environment like this. over $85 billion in orders. over in high yield, there was a stream of private equities borrowers. we saw sales hit 3.5 billion dollars with your today volumes now standing at 71 billion. that is a very weak here. we caught up with the double lines telling investors to start positioning for tighter credit conditions. >> we have been migrating up that credit spectrum and being more cautious in the portfolio. we have not made a lot of changes except buying a little bit more in the last month or so, but since the banking crisis, or port olio

the cdc and i h got it wrong, doctor found she, bill gates, pfizer mode turner. the lot of them got it wrong. why then should the public trust these entities with their personal health care decisions going forward? i don't think most things go wrong. i think that the very stuff virus was even competition. the lancer it's highly disproportionately fixed. all people except for the children and young adults are to be effected. so they didn't get around the new one. the virus was like a basic published in 19 if you do this sort of thing, you know, just fortunately people and cause more health problems than you know, low income people cause more health problems. and so they knew this. so you have to assume that there are moses, so there was a, it was successful in instigating an unprecedented shift in well, from low to high income people. it was successful in showing that you can even with some populations and our populations used to democracy, that you can instill fear into people subsidy. they will sort of fascist hotel here in d types. so if that was the purpose of

they had surpassed the level of antibodies in those who had the pfizer vaccination. >> reporter: the study also found other factors played a role in vaccine effectiveness. for example, women had a higher antibody response than men. and smokers experienced fewer protective benefits. >> almost all of them were unable to mount a strong antibody response. >> reporter: those with a high body mass index experienced less protection from the virus. so did older patients. but one vaccine appeared to help. >> the moderna vaccination led to a higher response in almost all of our participants, regardless of age. so this was a very exciting finding, to see that we can neutral it's the effective age with a strong vaccination. >> reporter: ucsf researchers plan to study stress and sleep on the effectiveness of covid vaccines. >>> possible new light shed on some in big tech. why one google engineer thinks the company is losing its grip on the artificial intelligence race. >>> pitching in the major leagues to driving a shuttle in the bay area. meet the former pitcher who's trying to get what is owed

a pfizer product. xeljanz is a pill for adults with moderate to severe rheumatoid arthritis.can help relieve joint pain and swelling, stiffness, and helps stop further joint damage. some saw improvement within two weeks. xeljanz helps some feel less ra fatigue. xeljanz can lower your ability to fight infections. before and during treatment, your doctor should check for infections like tb and do blood tests. tell your doctor if you've had hepatitis b or c, have flu-like symptoms, or are prone to infections. serious, sometimes fatal infections, cancers including lymphoma and lung cancer, blood clots, and serious heart-related events have happened. people 50 and older, with heart disease risk factors, had an increased risk of death. tears in the stomach or intestines and serious allergic reactions have happened. needles. fine for some. but for you, there's a pill that may provide symptom relief. ask your doctor about xeljanz. she's feeling the power of listerine. he's feeling it. yep, them too. it's an invigorating rush... ...zapping millions of germs in seconds. for that one-of

doctor found she, bill gates, pfizer mode turner, the lot of them got it wrong. why then should the public trust these entities with their personal health care decisions going forward? i don't think most thing got it wrong. i think that the very stuff was it's competition. the lancet. it's highly disproportionately fixed old people, et cetera. the children and young adults are how the video that they didn't get around the new one. the virus was like a basic public. oh, they know published into 19 the if you do this sort of thing, it or just fortunately people and cause more health problems than you know, low income people cause more health problems and so they knew. so you have to assume that there are other motives. so there was a, you know, it was successful in instigating a non presidential shift in well from low to high income people. it was successful in bring that you can even in western pub doing this. and i think i think both of those were important part of it then. so these entities, it was very successful. it wasn't successful from a public health when

they have criticized the fbi for its use of pfizer surveillance.hat is something they have been working on but in other words, there is nothing sweeping about needing to clean house or anything like that in here. mark: i kind of disagree. i think the average person might look at this and have less faith in the fbi today, which from the fbi's perspective has to be tragic nonetheless. do you think this whole episode will be used by trump to almost lunch or breathe new life into his white house campaign? guest: i'm not disagreeing with you. i think that is what a lot of people will take away, but saying that's not what's actually in the report because a lot of people are going to get their information piecemeal about this and anything that is going to condemn the fbi is going to be used by trump and his allies. we have already seen members of congress talking about defunding the fbi, the same members who are against democrats who had the tagline of defund the police. this gives more ammunition to donald trump to say look, the government is against me.

coming up next to bill gates, pfizer, the united states, china, just to name a few. are the major donors to the w h. o. does this influence their decision making in geneva? we're going to discuss it when we return to tight m. i will be right back. i ah, ah, canada is outsourced, its foreign policy to washington. and washington's agenda is one of the global hegemony. washington will not tolerate. and i think that they're not even not even subtle about this. they will not tolerate a global rival a a ah, the me welcome back to the ammo. i'm manila chan. dr. david bell, a former w h o scientist is sounding the alarm over this proposed w. h o. pandemic treaty. now dr. bell, renowned professor of international law. dr. francis boyle. he's a j d, and ph. d at the university of illinois has been quoted by r of k juniors children's defense publication called the defender calling this potentially illegal saying, quote, the proposed w h o treaty violates the vienna convention on the law of treaties ratified in 1969 criticizing this new treaty as insidious and even medical total

we will get quarterly reports from pfizer, uber and marriott >>> the hollywood writers guild on strike to agree on the new contract overnight. good news. no late night tv shows we'll tell you which tv shows will be affected. >>> two big a.i. stories education company stock plunging to the smaller cap as students turn to chatgpt for homework help >>> ibm will slow hiring for roles that could be replaced by a.i. >>> it is tuesday, may 2nd, 2023 "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. if you look at what has been happening with the u.s. equities, dow in the red down 63 points s&p is down 6.5. nasdaq is indicated higher up 10 this comes after the dow inched lower in yesterday's session down 46 points the s&p was essentially flat it was off

pfizer is higher today on optimism around a drug candidate.rial shows the blockbuster drug ozempic. pfizer shares are up 5% while novo nordisk covers near the flat line. progeny is higher as there's a buy rating analysts say the company will be a big beneficiary as more americans turn to fertility treatments for growing their families the company partners with employers, and that stock is up over 4%. >> kristina, thank you as always the last chance to weigh in on our twitter question is the market too reliant on mega cap tech performance? the results are right after this break. my parents worked long hours and i helped raise my younger brother. when college felt out of reach, the kpmg future leaders program was there for me. it was more than a scholarship. it was four years of mentorship and support. today, i'm an investment banking analyst and i'm just getting started. the kpmg future leaders program. empowering young women to reach their potential since 2016. municipal bonds don't usually get the media coverage the stock market does. in fact

designed to serve as a proxy for the warrant requirement that would otherwise exist under title 1 of pfizerr title iii which of the law enforcement analog of electronic surveillance to fisa. those procedures were created and 702 collection proceeds without any individualized targeting determination. but there is significant incidental collection of the u.s. persons communications. host: i want to ask you another question but i also want to remind our viewers of the phone lines. they can start calling in with their comments about foreign surveillance or their questions for george ceroner. >> i urge congress to require that the fisa court. >> that's something we are looking at right now. and you want to increase it for it. there's a balance there. >> americans are being picked up. we don't know the number. my guess is pretty darn big. they won't tell us and without probable cause that is being searched 3.4 million times as mr. gaetz. how about we get the f.b.i. out of the business all together guest: oj sees the data of about 8,000 of those targets. let's cut to the chase. the f.b.i.'s questi

we now have the pfizer data and the pfizer data showed that it did not prevent transmission, that theret preventing death. there was one covid death in the vaccine group and two in the placebo group. so, you know, it took them 22,000 vaccines to prevent one death. and if you're going to give 22,000 vaccines to prevent one covid death you better make sure the vaccine is safe and the vaccine is not killing people. but in pfizer's clinical trial, the placebo -- the vaccine group had a 23% greater death rate from all causes than in the placebo group. it was a product that should have never been approved much less mandated and they were mandating it to people who did not need the vaccine, you know, to children. there was essentially zero healthy children who died in this country from covid, why are we giving them vaccinations that don't prevent transmission, the data came out because of a lawsuit today and that lawsuit showed in israel not a single person under the age of 50 died of covid. >> laura: unbelievable. >> what we're learning today, what we're confirming today should be a warning t

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both companies including the company i serve on the board of pfizer have put forward estimates in termshink people are going to do when it comes to vaccination in the fall we're going have the decision by the fda probably end of june as to whether or not we reform late the covid vaccine. i believe they will make the decision to do that based on the current variance and there will be a recommendation for people to get vaccinated and boosted in the value, those vulnerable to covid. i think there will be a cycle of vaccination at least for the foreseeable future probably a smaller group of people, and both companies have put forward estimates that anticipate less people will be getting vaccinated but certainly people who are older individuals, people with pre-existing health conditions, there will be strong recommendations from public health authorities that those individuals should get vaccinated much like people get a flu vaccination which vaccination will be encouraged and people most at risk will be strongly encouraged to get vaccinated again, that will be a smaller market than we saw

pfizer was one of them with paxlovid. within that contract, there was a favorite nation because, -- clauses that pfizer accepted. we are seeing this outside of the medical countermeasures space. one university announced regional pricing provisions for their products so even for products where there is a large commercial market, these protections could be included especially like an agency like nih that has leverage the company's one have -- want to have? sen. sanders: let me follow up on senator cassie's point -- cassidy's point. you called my question an absurd hypothetical. i suggested people die and get sick when people cannot afford medicine. you think that is absurd? $100,000. cancer drugs are $100,000 right now. so -- we have two doctors an expert, is it an absurd hypothesis to suggest that people are dying or suffering are going bankrupt i'm having their lives disrupted because they cannot afford the prices of prescription drugs? dr. ramachandran: it is not a hypothetical at all. it is the reality of so many americ

provision that pfizer accepted. similarly they had a reasonable pricing clauses and outside of the countermeasures base, just recently the university rhetorically announced the provisions for the u.s. population for their products into that includes therapies they are developing. so youo can see there is a large market. especially for an agency that has so much leverage that companies do want to have. >> thank you and i will yield. i think you called my question absurd hypothetical. people couldn't afford of medicine. is that an absurd hypothesis? >> charging me 100 million for life savings. >> 100,000. cancer drugs are 100,000 right now so i would like i think we have two doctors that are experts on it, isn't it a hypothesis to suggest that people are dying or suffering or going bankrupt having their lives disrupted because they cannot afford the price of prescription drugs. it's the reality for so many. >> do you see it in your practice? >> a few points if i may, senator. i it's commonplace. they didn't have acces

they want the prime minister to ask his independent pfizer ——they want the prime minister to ask hisisters interest to get to the bottom of what happened, to establish whether or not there may have been some breach of the ministerial rule book. what's going to happen tomorrow is that rishi sunak will simply talk to sir lori magness, seek his advice on what he makes of the reports that have been around now for more than 2a hours. the prime minister is still in the air flying back from japan to the uk, and i think some of the irritation that was quite evident at that press conference was because he hadn't really got across the detail. he didn't know about the speeding offence before it was reported in a couple of sunday papers. he hadn't been told about it by the cabinet office or any officials before hand. so i think he was caught on the hop during that press conference just before he got on that plane. i imagine now on that flight he is thinking about it, talking to his advisers and crucially will speak to his adviser and ministers interests tomorrow. the greek prime minister kyriako

but, and yet you like pfizer, that's one of your picks. talk about why pfizer.t lately. >> right. well, pfizer obviously did very, very well during the covid situation. right now investors are a little bit worried that they're not going to have their mojo to be relying upon. but actually our analysts are saying that pharmaceuticals could do relatively well because now we're getting back to a more normal kind of an environment in which you are going to have elective the procedures, where you are going to have more normal kind of use of medications and just people going out, etc. here's a company that's raised their dividend in each of the last ten years, now yields more than 4.25%, and our belief is that because it is in this fairly defensive health care group, that it could be at least a relative outperformer if not an absolute positive return arer. liz: which worries you more, hitting the debt ceiling or the fed tightening at the june meeting? >> well, i don't think they're going to tighten at the june meeting -- liz: they might, they might. you never know. >>

could catch the attention of regulators and pfizer could use the boost, its stock is down 27% this year the worst of any stock over $100 billion in market cap. obviously there's a huge business impact and we'll get do that but let's also start with the human toll horizon is working on treatments for rare diseases. would those treatments get developed more quickly and easily if amgen took over or not? let's ask michael yee, managing director with jefferies. what's the implication for the drug pipelines >> good to see you i think there's two important implications first is that the acquisition of horizon poised to benefit this drug because of the infrastructure amgen employs both here in the u.s. and globally where horizon was not expected to have the capability to market this drug outside of the united states. and secondly with the resources and r&d capabilities ofamgen and the huge pipeline to be able to further develop that drug and other drugs at horizon >> so that being said, you know, if there were a case to be made that this would benefit patients to move forward, on what basis cou

by the way on friday, pfizer and cjen submitted paperwork to the ftc for its emergencier which be thef it were to go through the ftc has 15 days to object before the two companies go ahead with the transaction. good luck. the april retail report showing food and drink sales actually climbed to 9.4% year-over-year as americans appetite for dining out continues to be wetted because sometimes, dining out is less expensive than shopping in the grocery store but do they have the stomach for forking over extra dough for the tips? especially when there was no service. this has become a thing, madison madison alworth is at bryant park with more on tipping fatigue. reporter: hey, liz. it's definitely become a thing. i talk with my friends about it all the time. now we're not talking about sit- down restaurant service where it's expected in the united states that you tip your server. we're talking about those little kiosk things that are flipped around when buying your coffee or getting counter service food and are being asked to tip. it's very effective and now, it actually has a nickname. peo

however drugs are in development from pfizer and eli lilly. we saw some pfizer data this week.re in clinical trials right now and have to go through more study and other test to file for food and drug administration approval. we do see they have a similar side effect profile as the injectable drugs like nausea and vomiting. weird from doctors that this can be intolerable for five to 10% of patients. with bill versions you might be able to change the way that you take the drug. you started lowered doses and move up over time. if you had a pill you might modulate that to cut back on side effects. that is the hope. there is also a huge number of drugs in development to improve on the amount of weight loss we are seeing with the current medicines. right now there is a drug already on the market that is expected to get approval for weight loss by the end of this year or early next year. that is called turner's appetite. it leads to weight loss of 22%. there drugs that are coming along even behind that one is triple g because it goes after three different targets and doctors say that

pfizer has a weight loss drug that could work even faster than ozempic.re to tell us how it works. here's some drama for you. he wants to ban all chinese purchases of american land ohio congressman jim jordan wants direct direct another hillary clinton. her to tell us why. the 10:00 hour is next. ♪ .. fran is in her third year of college and you're her banker. it's so unbelievable because i'm just 20 years old. [laughing] my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, re

ask your doctor about ibrance, a pfizer product. liz: welcome back. here is a live look from our san mateo bridge camera. police are investigating after a shooting at a house party left a girl dead and five others hurt. the suspect has not been arrested but there is no threat to the public. police believe the shooting was not random. police responded to the same party 30 minutes before that shooting, following reports of someone dishing a party. , on the peninsula hundreds guns were turned in at an anonymous gun buyback. residents received $20 gun. nearly 2700 firearms have been removed from the community in the gun buyback program. a family member is condemning caltrans after they decided to close off ramps during cinco de mayo celebrations this weekend. low writers have been rolling through the city of san jose -- low through the city of san jose since the rules on nos cruising zone haves in -- on no cruising zones were lifted. >> that is ve stereotypical and racist for them to think that because this is a holiday celebrating latinos that there woul

they are looking at pfizer's obesity drugs and that may take a dent out of that story.re's always going to be a luxury stock story. the market is going sideways but still plenty of 52-week highs generated out of europe today. momentum keeps pushing us higher and higher. the close is next. more details in a moment. this is bloomberg. ♪ what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh oh booking.com, ♪ i'm going to somewhere, anywhere. ♪ ♪ a beach house, a treehouse, ♪ ♪ honestly i don't care ♪ find the perfect vacation rental for you booking.com, booking. yeah. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works lik

data and the pfizer data. they show that it dit itd not prevent transmission, that there wa- ans and it wasn't even very good at preventing death. it was it was one covid death in the vaccine group and two in the placebo group. so , you know, it took them vac 22000 vaccines to prevent one deat oneh. and if you're going to gives to 22000 vaccines to prevente is one go, but you better make sure the vaccine is safe and the vaccin ne is not killing people. but in pfizer's clinical trials, the placebo, the vaccine group had a twenty three percent rate or death rate from all causes.e and in the lesiba group, it wase a product that should have never been approven d, much less mandated. and they were mandating itpeoplt to peoplhee who did not need the vaccine or the children. tos essentially zero thalthy children who died in we g country from coviisd. why were we giving them vaccinations that don't prevent transmission vaccina? t >> israeli data came out because of a lawsuit today, at and that data show that inawsuit

pfizer's are down but earnings were better than expected.ry today, stocks up by 9%, better than expected. the company keeps growing. guy: very nice, thank you indeed. joining us. we will hear from uber later on. ford, and, starbucks out. depending on how long work stops there, consumers could miss episodes of their favorite shows that this fall. pay attention to what's happening there. alix: i remember covering the last hollywood writers strike over a decade ago. also you have the chabad and ai coming into the mix. they get credit for writing scripts? uber ceo will be joining bloomberg technology next at 12:15 p.m. new york time. happy tuesday. this is bloomberg. ♪ bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >> from the heart of where money, and efficient and power collide, from silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: climbed caro

should i trim a few shares and put it into pfizer, what do you think?ht yes, you should definitely trim that position. just for the weight. i mean, the stock is down 30% from december of 2021. i think that it's going to have a tough couple of quarters because the home rental market is weak, the macro environment for that type of spending is weak on the other hand, it's forming a base, and i think the stock is still attractive over the long-term. in terms of pfizer or avi, definitely trim some of the home depot and perhaps look for some other opportunities or even 4.5% of the money market fund is good right now. >> joey, from daniel, bought lockheed martin at $462. what to do >> down a little bit the stock is down about 15% on the debt ceiling negotiations since early april. we know there's a strong, fundamental thesis surrounding defense domestically and globally we know these company also participate in the growth of defense spending what you do with lockheed martin here, daniel, is ensure that you protect the downside a lot of the ways to do that, und

ask your doctor about ibrance, a pfizer product. kristen: it is time for the 4 at 4.endy's is about to open a drive-through window unlike any other. starting next month a wendy's in columbus ohio, we use an ai chap but -- chat bot to take orders. they say customers will not know they are not speaking to an actual human. how will they not know? >> i will say if i call a customer service line and it is automated can tell. >> you will know because it will get your order correct. >> ouch. julian: zing. kristen: do they have personalities? >> that is a good question. >> that is how i think i would figure out if it is an actual person or not. >> i can tell chat gpt to converse with me in a certain personality like snarky and it will be snarky. it is possible. julian: do you wanted to have a personality? >> i do not know. >> all the sudden it is judging your order. >> do you need the extra large french fry? julian: it has been a hard day. >> you might want a diet soda. julian: in addition to ai google showed off its foldable phone the new pixel is excited to go for an initia

the pfizer being fined by strong winds authorities of open an investigation into possible negligence. in india, 3 people were killed in an asshole. a 5 digit crushed into a house. the pilot detected to safety before the soviet airplane went down to the northern states of roger stopped in the eyes, reportedly about 2 round. it's in time state of the big jets by 2025. after a series of pressure on the rental range in eastern china falls, tens of thousands of people to evacuate type of range vantage young seat province, over the weekends, triggering land, slice neighboring to nonprofit, and supposed also hit by heavy downfalls, prompting emotions, feedback, and that's it. from me for an hour i have an update for you at the top of the alex k ferguson that has business. now the people in trucks insured when trying to free the city center more and more refugees are being turned away. these trades.

. >>> si usted se vacunÓ quizÁs recibiÓ la vacuna de johnson&johnson, moderna o pfizer pero estas ofrecente a lo largo del tiempo y las personas asÍ lo indica un estudio dado a conocer hoy donde vieron 500 voluntarios saludables antes y despuÉs de vacunarse. >>> estas mÁquinas dispensadoras de narcan, medicamento que se utiliza cuando alguien sufre sobredÓsis por opioides. hoy se inaugurÓ una de estas en la universidad santa clara, damian trujillo que nos cuenta cÓmo todo esto de hecho fue idea de los alumnos. >>> cualquier estudiante puede entrar a la cafeterÍa y obtener su caja gratis de narcan, la idea que ellos quizÁs podrÍan ser un salvavidas. >>> es tan fÁcil como comprar una bolsa de papitas de una mÁquina, solo que esta estÁ llena de narcan y es gratis. >>> la profesora dice que esto es un medicamento milagro que puede revertir una sobredosis de opioides en minutos. >>> creo que sÍ existe un estigma sobre el uso de las drogas o sustancias, pero tambiÉn en recoger una caja creo que muchas personas creen que es como darles permiso a personas a usar drogas. >>> estudiantes dicen que

here's some of the other stories by following for you to a rainy and gods, and one taliban pfizer has been killed in clashes of a water arrives on the can border region. iran accusers afghanistan's tell about the rules of restricting flows from the home and the river to tell the band deny the claim. battalion police are investigating bright green discoloration and the grand canal in venice. authorities have taken samples of the water need the reactive bridge. it's the climate activists may have released, died into the waterway. and in the assault position, has boy quoted the only thing that the new parliament building prime minister the ranger might elect the no device and daily about 20 opposition parties died away. accusing morgan of hollowing out in v as democracy. the welding german football bind munich have claimed the women blended soniega title on the final match day, a standing $111.00 victory against already really guided to being a pulse dom sealed the championship. but as soon as the referee blew whistle to start the match by an worth team on a mission, all they needed was

next bill gates, pfizer, the united states, china, major donors, to the w. h. o. does this info we're gonna discuss it when we return, sit tight. the m. o will be right back. ah, ah, side to atrocities and other countries, united states of america is different when a find a friend in the united states. ah, with do we have it out of any body bolts? anybody crazy here in service that needs to get a few color revenues for means to reach that goal of come on to the help of usaa weston. and sadie, i do that. people would agree valley democracy, living with us a lot of soft power america to ensure that there are no independent players in the world in ah, welcome back to the m o i manila chan. dr. david baptist is sounding the alarm over this proposed debbie. now dr. bell are renowned professor of his boyle, he said j. d and ph. d at the university of r of k juniors, childrens defense publication called the differentially illegal saying, quote, the proposed w h o convention on the law of treaties ratified in 196. this new treaty as insidious and even medical touch as thi

. >>> a pfizer vaccine protecting infants against a respiratory virus rsv is one stoep closer to beingendent vaccine avisers voted thursday to recommend approving the shot, which would be given to pregnant mothers. >>> and lebron says on instagram he is one proud dad. his son, bronny, has officially committed to play basketball at usc. >>> for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. >> announcer: this is the "cbs overnight news." >>> tonight there are new details in the investigation of the deadly shooting rampage in farmington, new mexico. police just this afternoon releasing body cam video of the encounter with the 18-year-old gunman as he opened fire, seemingly at random. those killed included a 97-year-old mother and her 73-year-old daughter. the third person killed was a 79-year-old mother of five. the gunman wore body armor and had an arsenal of weapons at his home, using three during the ten-minute attack. authorities also say they found a handwritten note on his body. the police chief described monday's shooting