anyone who is keeping a close eye on the labor market and the effects on the broader economy steven mnuchi steve liesmanhank you. >>> one company just received fda approval to start clinical trials of its cell therapy joining us is dr. robert her rearry, chairman and ceo of celularity thank you for being with us today. what jumps out at me we've talked about on this network we've talked about some of the treatments that are being used in like hydroxychloroquine remdesivir, vitamin c, but you are the first company to receive a clearance like this to test treatment. tem us what it is and the drugs going through trials. >> sure. it is a company that for the last two decades has pioneered the use of living cells derived from the placenta as medicines one of the unique properties of these cells is their immuno logic function the placenta is a defense system from the developing fetus and protects it from cancer and infectious diseases. our scientists recognized this and we built a program to harness the progress of the immune cells as a therapeutic and thein that into the treatment of certain blood cancers an