stephen cohen's new firm will not seek outside money before 2018.wanted to make that clear light of comments from elizabeth warren who criticize the ftc for letting coh start a new firm. lisa: mcneil kelly joins us now. whitney oak kelly joins us now. what the senator warren want to accomplish? what does senator warren want to accomplish? >> she said we did not do enough berniesh people -- with settling into the background of it, elizabeth is taking that moment to step into the spotlight and say we have not done enough here. look at what she has in her letter here to the head of the ftc. whetherd like to know there are others in a similar position. this particular issue is difficult because there was a court ruling making it hard to enforce and get these victories over insider trading and stevie cohen was never convicted of insider trading. he did not supervise people enough. that is a light problem in the scheme of things. the ftc wanted to bar him for life. elizabeth clearly would like to see more enforcement and a tougher piece from the ftc. they

stephen cohen's new firm will not seek funding from outside investors before 2018.person for billionaire hedge fund manager saying he wanted to make that clear after recent comments from senator elizabeth warren. the massachusetts democrat ripped the fcc for letting cohen back into the hedge fund business. a two-yeard to restriction from serving as a supervisor. flashat is your business update. investors who bought bonds in argentina's record-breaking sale have made about $597 million in profit in two days. cohost joe weisenthal joins us now with more. interesting. joe: it's a pretty good return, isn't it? you have this phenomenon in all assets, it seems, when something initially goes to the market, whether an ipo or new bond offering. there is also an interesting story here. it is argentina, it was for so long this pariah of the debt market, and now there is such incredible demand for it. carol: does it mean they could've gotten lower rates to begin with? joe: going back to the -- every time there is one of these openings, people point out theoretically the company

billionaire stephen a. cohen to form a network of free mental work clinic for veterans and their families. his goal is to open 25 clinics by 20 20. his son served the marines in afghanistan. in rome, a girl who has gone blind shared warm embrace with pope francis. the meeting with the pontiff wraps the visual bucket list arranged by her parents. lizzy doesn't know she suffers from the syndrome which will take away her hearing and her sight. global news 24 hours a day in more than 150 news behind the world. betty: thank you, bonnie. it's time to get you caught up on you will the market action around the world. i want to start in asia and look at the nikkei down 1%. the seventh day in a row lost for japanese shares as the yen continues to serve the hang seng up slightly. one big story out of the region is china in the services sector expanding from march a month earlier. bloom's china correspondent has the details from hong kong. >> another sign that china's economy is on a sure football at least for now. the servi

billion of stephen a cohen has pledged billions of dollars to form a network of free mental health clinicseir families. clinics is to open five by 2020. his son served with the marines in afghanistan. global news 24 hours a day powered by our journalists in more than 150 news bureaus around the world. drugmaker pfizer and ireland-based allergan walked away from their merger today, which would have in the biggest health care merger. >> we are focused on shareholder return and looking for opportunities to create cures and treatments for unmet medical needs. that is our mission. to $25,est we can get if it's three years or five years from now, we need to get there. stephanie: what is the number? three or five? >> i cannot answer that question. ourill provide an update on quarterly conference call in may, but we are focused on making sure we leave our industry in total return. we will continue to focus on that and continue to build the premier growth pharmaceutical company in the industry. stephanie: as you focus within your own company, what kind of restructuring still needs to take place? >>

though you and their stephen a cohen decided to form a network of free mental health clinics for veteransamilies. his goal is to open 25 clinics by the year 2020. his son served with the marines in afghanistan. global news powered by our 2400 journalists and news sparrows around the world. stephanie: thank you. a win for the white house despite corporate inversions. pfizer and allergan agreed to and the largest ever health care acquisition. and you armstrong is here to break this down for us. what is your take on this? >> the market never thought it was going to happen or they did not for a long time. the prize did not get up to the purchase price for allergan. thinkthis deal, we still their assets go through and greatan will be in a position. they have a balance sheet to do buybacks and make new acquisitions. still a great company. david: there was underlined business reasons for these companies. they needed the deal. what will pfizer do next? carmel: business reasons? david: they tried to grow the top line. andrew: they really did have a reason to get involved. pfizer had been talking a

here you can see merrick native ben cohen being arrested along with fellow founder jerry greenfield. >> stephen: ben and jerry got arrested. surprisingly, not for the murder of my waistline. ( laughter ) you monsters! ( cheers and applause ) now-- ( laughter ) yeah, the first rule of television, you've got to eat it in rehearsal, too. now, these guys have been released. no doubt their flirtation with the slammer is bound to inspire some exciting new ben & jerry's solitary confine-mint, cone-jugal visit, cherryan brotherhood, disproportionate incarceration of african-ameri-crunch, toilet wine, and life without the possibility of pecan. ( applause ) , of course. ( cheers and applause ) of course, ben and jerry aren't the only ones out there who are angry about all the money in politics. so is bernie sanders, who's been making folks feel the bern by railing against super pacs in fiery speeches like this. >> when every major candidate has a superpac, we have said no to superpacs, said no to the billionaires who fund those superpacs. >> stephen: wow. not only does bernie make good he also points goo