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tonight, big cap pharma, stocks like eli lilly, merck dealing under the weather. plus, peloton popping. the stock climbing nearly 10% as the bikemaker rides into lulu's lane and we are all over the after hour's action as affirm is surging on earnings. we've got the latest from it quarter. we start off with lift off shares of united, jet blue, southwest taking flight. let's get the latest from phil lebeau >> melissa, i think the stocks were up today because the guidance that we heard from the airline executives today presenting at a conference, they weren't surprising in fact, when you look at the airline index, what we've seen from all the airlines was a trim of their guidance for the third quarter. it was not a big cut it was essentially what we all expected because we're seeing traffic that is slowing down if you take a look at all of the airline passenger levels, they clearly ticked lower in the second half of august. it is expected that we're going to see that continue if we get past this labor day bump that you see higher there, you're going to see move down

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i also thought this was an opportunity to tell a story about the opl on —- opioid crisis and big pharmand the corruption of big money but tell in the form of a family saga that i hope is approachable those for people who may have been touched by the opioid crisis were for people who don't and never read an article and don't feel they are not that many people who are directly orr indirectly touched at this point that they are out there. i want to find a way to engage those people as well. >> absolutely. the safest road to hell is gradual the gentle flow soft underfoot without milestones or signpost. that is cs lewis and as i think about the metaphor of which i compared to the old one —- opioid crisis with tens of thousands of articles written with oxycontin and all the many lawsuits of families who have been impacted and now the bankruptcy. so i tried to do this my agent said it was the aftermath the globalization through furniture makers who sued china and the international court to help save the town that my agent a said to me when i started that, i want you to write a book to explain

you have pharma launchesing seven-figure ad campaigns to try to stop this bill, going on tv.stop this bill. at this point, are you concerned that it isn't even these whatever they are, moderates, conservative democrats, but it's really big pharma, the chamber of commerce, big oil that joe manchin loves so much and doesn't really want to do climate change stuff. is that who is really directing the opposition to this bill? >> joy, i think we are seeing the worst of what americans believe about congress play out in this moment. when you see people opposing simply the ability of medicare, the federal government to negotiate down the price of prescription drugs, something that is supported overwhelmingly by both democrats and republicans, it's clear, then, that people aren't playing district politics, they're not looking out for the folks in their district. and then of course that begs the question who then are they looking out for. look, i get it. i've got an incredible pharmaceutical company in my own district. but here is the thing. i'm going to vote for the people. and that's

there's woman who's a legal secretary at purdue pharma who works in the same floor as the sacklers and gets of the oxycontin. i tried to situate these people as close to the company and the family as i could to show it's not just some remote person who they would never meet, like a some who works w on the same flr as you. which isu hunch statistically somebody in the sackler family had tock struggld with addiction. i mean there's so many of them that it just makes sense that somebody would've had to. i asked her if it happened a lot? this is a theory i had, and i couldn't really get any answers. i can't tell you i'm afraid exactly how it came to me but a source told me there was one of the sacklers who committed suicidee in 1975, and his name was bobby sackler. he was the son of mortimer sackler who was one of the two brothers who ran purdue pharma for years, purdue frederick as it was known then. i started asking around and i spoke to a friend of his mothers who said he had a drug problem, and then i found a deposition that kathe sackler his sister had done in which she talks -- it's

the has gone, ions make the daily migration into the theme to is it's west african capital from old pharma. across the gift slum i should, peterson, and her 18 month old son, teresa joined the throne. working in the 2nd hand, close tried the morning when we met the guy. that was a young man last me. sorry. a simone stop. he's day early to he's a successful importer of use clothing hours follow my brother, class the out doing in the business and fortunately to my brother, possibly. so he had mentioned to me why my always didn't want to see you made me who i did. i knew vials arrive, and a salary checking on his order number affiliated with these battles and being dispatched to almost every portion of the cross commercial heart, the sprawling can't demand to market the bustling labyrinth with almost everything. so the markets are one of the biggest in west africa, if not the world and their central hub. the 2nd hand clothing from here, they get shipped all over africa for the past 2 decades. the re style of western cast off has boom, t. it's created of thousands of jobs, the most, all these

in awe in the it's the many who lives in old pharma, including interest to the flow. second hand clothing into dana has been a lifeline fashion as the other problems which is simply pressing why she lives in this small, windowless room with 4 other women and all the worldly belong to. ready learning yet so perhaps it's for the waste in steed to think more carefully about the quality of what we done eyes. i'm not sure they've been con shows do ok, where is the final destination of that? then the discarding by the come here like you've come and see the practicality, then there will no doubt no. but that take care of this in, within our country and not to ship that problem to people's, ah, the hospitals and clinics across asia battle code, 19 mountains and medical ways piling up the one on 18th, investigate dangerous pandemic. for one al jazeera people are much more than 2 times the communities they live in, no matter how much it's a presentation as much as anyone else's going to like the main. it's one of the most polluted part of the niger delta. and now it's people sa

but i also thought that this was an opportunity to tell a story about the opioid crisis, about big pharma, about the corruption of medicine by money, but tell it in the form of a family saga, something i hope is pretty approachable both for people who may have been touched by the opioid crisis may have some personal prior connection to this or also for people who don't, who'd never read an article about the opioid crisis, don't feel like there are not that many people who are not directly or indirectly touched at this point but they are out there and wanted to try to find a way to engage those people as well. >> host: absolutely. that reminds little quote on my computer that is think of a lot, the safest road to how is a gradual one, the gentle flow, soft underfoot without sudden turnings, without milestones, without signposts. that's cs lewis, and i think of that as i think of the metaphor of the boiling frog, too, which i i compare to the opioid crisis because they are probably tens of thousands of articles written going back to the early stories with oxycontin and then all the many law

congress, stop the big pharma scam.r prices. >>> we are the only developed country in the world who has access to the vaccine and is intentionally refusing to take it. to the degree that we are. think about that. here's what we know. most of you are in favor of vaccine mandates at work. even setting the politics of covid aside, we have seen that for other diseases. t they just work. united airlines is case in point. it is even more true when it comes to this pandemic. they are looking at a 99% vaccination rate among employees. why did they do it? is it a win? what does it mean going forward? scott kirby, ceo of united. good to have you, sir. this is controversial because we are hearing about staffing shortages all over in all of these different industries. even in health care, entire states. because people don't like the mandate. you decided to do it anyway. why? >> well, we decided at united to do it because it was the right thing for safety. i have written letters to the families of every employee that lost their life

perdue pharma releases oxycontin in 1996, and the company and the family have long claimed they didn't know that there were any problems until four years later. they only knew about it when they read in the press people were abusing oxycontin and growing addicted to it, overdosing and dying. 1 thing i was able to pretty conclusively demonstrated in the book is that that isn't true. they knew long before 2000, and not too long after the drug had been released that this drug that they had been promoting as not addictive and actually was causing problems for a lot of people. the response from the family and the company is interesting because i do think that another family, another company might have had a moment of alarm and said wait a second, we've got to take a hard look w at what we ae doing here and not necessarily pull the drug from the shelves, but look at the marketing, look at the claims they were making. look how aggressive they were being in promoting it and ask are we contributing to this problem and they didn't do that. what they did instead is they basically said there's two

tonight, purdue pharma said the plan is fair and in the public interest. sackler family members said while they dispute allegations about their family, "we are truly sorry for the suffering and loss people have experienced." >> what does it say to you? >> it says to me, they could care less. >> reporter: so you come here how may times a week? >> three or four. >> reporter: is there a message that you're sending to your son? >> that your death should have never happened. and i'm sorry i didn't do what i could do, but i'm doing what i can do now." >> reporter: anna werner, cbs news, duxbury, massachusetts. >> o'donnell: well, still ahead on tonight's "cbs evening news," two years later, police officers and paramedics are charged in the death of elijah mcclain. and how to keep her spirits up. [announcer] you can quit. call 1-800-quit now for help getting free medication. hey rita, with 3% cash back on dining including takeout from chase freedom unlimited, you're always earning! then this is officially a takeout week. that's a good choice, rita. bon appetit. e

it's a big pharma scam. they get rich and we get ripped off. it's why pharma is spending millions on lies and scare tactics to stop a plan that lets medicare negotiate lower prices. congress, stop the big pharma scam. let medicare negotiate lower prices. wondering what actually goes into your multivitamin? co at new chapter, big pharma scam. its' innovation, organic ingredients, and fermentation. fermentation? yes. formulated to help you body really truly absorb the natural goodness. new chapter. wellness, well done. >>> as we move into the fall, many areas of the country that became covid hot spots have started to see sop some improve. joining me now, the man that can answer all of these questions, dr. anthony fauci, the chief medical advisor to president biden. thank you for joining us. i want to start with the boosters. there has been confusion. there is a new report about the moderna. the fda may authorize a half dose of the vaccine as a booster for recipients on the two-dose regimen. does that mean anyone going rouge getting a third full d

by way of context for people who may not know the story or have read the book, purdue pharma released oxycontin in 1996 and the company of the family has long claimed they didn't know there were any real problems until four years later when they start -- the only new when they read about it that people were abusing oxycontin, growing addicted to it, overdosing and dying in one thing i was able to conclusively demonstrate in the book is that's not true, they knew long before 2000, not too long after the drug had been released, this drug they been promoting is impossible to abuse, it's not addictive, actually was causing real problems for a lot of people. the response from the family and the company is interesting because i do think another family, another company might have had a moment of alarm and said wait a second, we got to take a hard look at what we are doing here and not necessarily pull the drug from the shelf but look at their marketing, look at the claims they are making about the drug, look how aggressive they are being in promoting ask, are we contributing to this problem?

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bi g pharma use to develop those same drugs? that's right. our tax dollars. it's a big pharma scam. they get rich and we get ripped off. and it's why pharma is spending millions on lies and scare tactics to stop a plan that lets medicare negotiate lower prices. congress, stop the big pharma scam. let medicare negotiate lower prices. [♪♪] congress, stop the big pharma scam. cooking and eating at home more often means food odors get trapped in your home's fabrics and released back into the air so you smell last night's dinner the next morning. for an easy way to keep your whole home smelling fresh try febreze fabric refresher. febreze's water-based formula deeply penetrates fabrics to eliminate trapped food odors as it dries. spray febreze fabric refresher when you clean up after meals to ensure your entire home smells fresh and clean. try febreze fabric refresher. brand power. helping you buy better. [sfx: radio being tuned] welcome to allstate. ♪ [band plays] ♪ a place where everyone lives life well-protected. ♪♪ and even when things go a bit wrong, we've got your back. here, things

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big pharma, if not monopolies, can come in and set the price is as they want to.we have had an example of that with the highly debated new alzheimer's drug that is $56,000 a year. if it is approved for use, it has the potential to bankrupt many individuals and government programs to cover it, but the launch price of that drug, that these rare disease drugs at $1 million, $2 million, $500,000, whatever it might be, are not dealt with as this bill is written. it would be possible to deal with launch prices, but they are not dealt with in this way, so you cannot make a case that the amendment is necessary to this particular bill, but on the broader question of dealing with rare diseases, i am all for, we have supported a significant increase in funding for the national institute for health to deal with that development and encouragement of innovation and new investment in rare diseases and other diseases, but we have to have a mechanism for ensuring that drugs are affordable. the big we have today takes a step in that direction. i wish that it took a weaker step, but

it's a big pharma scam. they get rich and we get ripped off.lions on lies and scare tactics to stop a plan that lets medicare negotiate lower prices. congress, stop the big pharma scam. let medicare negotiate lower prices. every single day, we're all getting a little bit better. congress, stop the big pharma scam. we're better cooks... better neighbors... hi. i've got this until you get back. better parents... and better friends. no! no! that's why comcast works around the clock constantly improving america's largest gig-speed broadband network. and just doubled the capacity here. how do things look on your end? -perfect! because we're building a better network every single day. >>> we are coming on the air with breaking news as we speak the jury reaching a verdict in the sex trafficking trial of r. kelly, r&b megastar. you may remember opening arguments were on august 18. we heard closing arguments end of last week r. kelly did not take the witness stand on his own behalf. i want to get to msnbc's ron allen who is outside the courtroom in

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congress, stop the big pharma scam.. ♪ i see trees of green ♪ congress, stop the big pharma scam. ♪ red roses too ♪ ♪ i see them bloom for me and you ♪ (music) ♪ so i think to myself ♪ ♪ oh what a wonderful world ♪ >>> just a little before we came on air, we got a second round of subpoenas from the house committee investigating january 6th. they have been issued for eleven trump roll associates involved in the events and the rallies leading up to the insurrection included that infamous rally where donald trump riled up the supporters and invited them down to the capitol right before they stormed the capitol. the committee is seeking documents and testimony from nearly a dozen people close to the trump campaign as well as the pro trump group women for america first, which organized the january 6th rally. lawmakers also want materials dealing with the planning, funding and participation of the events and bus tours, social media activity of associated entities and communications with or involvement of trump administration

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congress, stop the big pharma scam.tiate lower prices. >>> most of the time i don't care why trumpers lie by omission or comission. but we learned something tonight that i think is instructive of a point that should matter to leaders going forward. president trump made this sudden visit to water reed medical center in 2019 and it spooked us all because they wouldn't tell us. you may recall the speculation on the state of his health. he was 73, clinically obese, heart disease, and the administration would say that they couldn't say. it was routine, planned, interim check, and there was nothing about it that suggested that this was nothing. trump himself claimed he went there first and foremost to visit a great family of a young man under major surgery, and that it was for phase one of his yearly physical. and he is just not to be believed. so now stephanie grisham, trump's former press secretary who notably never met with the press and we got to keep saying that because she was somewhat symbolic of how lousy they did the

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congress, stop the big pharma scam.r prices. >>> right now top military leaders answering tough questions for a second day on the chaotic exit from afghanistan. this time they're in front of the house armed services committee. >> on tuesday we heard the pentagon leaders contradict president biden on whether they advised him to keep a small number of troops in afghanistan beyond the august deadline. cnn congressional correspondent jessica dean is on capitol hill this morning. jessica, are we hearing a similar story this morning? >> so far this morning. this hearing got under way a little bit ago. we heard a lot of the same of what we heard yesterday. we heard opening statements from top military leaders laying out their plans, their decision making, what went into their decision making, and now we're just starting to get into the question and answer portion of this hearing, which as you well know, is where you get a lot of the pushback and fireworks. we are expecting some tense moments in this house armed services commit

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congress, stop the big pharma scam.let medicare negotiate lower prices. >>> developing this morning, germany is facing weeks, maybe months of uncertainty after no party won a decisive majority in sunday's election. but what is clear coming from it already is that the party of outgoing chancellor angela merkel was defeated. fred pleitgen live in berlin with more on this major moment nor a key u.s. ally. fred, what's happening now? >> reporter: hi, there, kate. you're absolutely right. angela merkel's party was not only defeated, they had a disastrous showing, lost about 9% compared to the last election. the party that did get the most vote is the social democratic party, and they have a gentleman named olaf scholz who could be the next chancellor. he had a press conference earlier today where he said he wants to form ooh coalition to become just that. i was able to ask him, angela merkel such a big figure on the international stage and an important partner for the u.s. in the pass 16 years, i asked if he could fill those

when it comes to big pharma companies, they have relatively good earnings compared to the other big pharmathey are not exposed to big price cuts. that's one of the issues. haidi: what will be the breakout catalyst for pharma stocks? jay: in the near term, i expect that the sector will mostly be trading sideways. as i said, most of the clients we speak to agree with us that tighter regulation is not likely or rational at this juncture. at the same time, many investors are following this. better safe than sorry for the time being. we will see a lot of sideways trading. another factor that supports that is that the sector has performed very well over the past few years. it's my view that we will see some sector rotation. also, continued gains in light of that. long-term, i'm very bullish on the sector. it has a lot of structural advantages. but when we talk about the next six month or so, as long as the fears over technology or edge -- education are there, that could spill over into investor sentiment for health care. kathleen: thank you so much. fascinating conversation. morningstar equity a

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congress, stop the big pharma scam.gotiate lower prices. >>> more than 100 years after one of the worst episodes of rrorist violence in american history, the few srvivors got a ance to make a case for justice and reparations today. a tulsa district court jud heard arguments on behalf of the three living survivors of the massacre. the two days of horrific violence and white mobs bombed and looted the neighborhood known as black wall street to the ground. the massacre was among the worst in u.s. history and a searchor mass graves of victims continues to this day as many as 300 people were slaughtered and another 800 were wounded. the lawsuit alleges that the city of tulsa and six entities created a public nuisance under oklahoma law and tulsa's north si and ridentsre sti fferin the rificatns mor than a century later. in advance often anniversary of this atrocity in may, thehree living survors testified at a congressional hearing what they endured. >> we lost everything thatda our homes, our churches, our newspapers, our t

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so just by way of context if you don't know the story perdue pharma released oxycontin 1996 by the sackleramily the company and the family have long claimed that they did not know there were any real problems and tell four years later when they read about it, in the press. that people are using oxycontin and growing addicted to it and overdosing and dying. when i conclusively demonstrate in the book. that isn't true. they knew long before 2000. actually not too long after the drug had been released that the drug that they had that is notng addictive actually was causing real problems for people. and the response fromd the family and the company is interesting because iec do think that another family, another company might have had moments of alarm and said wait. we have to take a hard look at what we're doing. and not necessarily pull the drug from the shelf that look atrk the marketing and the claims they were marketing and how aggressive they were being in promotingmo it. and ask are we contributing to this problem? they did not do that. instead theyca basically said, there are two kinds

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congress, stop the big pharma scam.e negotiate lower prices. >>> in our tech lead today comparing instagram to a cigarette and facebook to big tobacco. that is what one democratic senator did today during a contentious hearing on capitol hill on the impact the social media apps have on your children. take a listen. >> instagram is that first childhood cigarette meant to get teens hooked early. facebook is just like big tobacco, pushing a product that they know is harmful to the health of young people, pushing it to them early. >> let's bring in cnn's doney o'sullivan who covered this hearing for cnn. another senator came showing what instagram promotes. >> they set up a new instagram account and in the drop down menu they said they were a 13-year-old girl. they said they were easily able to find accounts about extreme dieting and once they started following a few accounts on the new instagram account, instagram's algorithm ims within a day bloomen thal said began recommending to that account to that 13-year-old girl for

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