is selling unit to takeda.t's according to people familiar with the matter, but takeda has come out saying it is not the source, it is talking to many parties at any one time, and they will make a full disclosure if there is a deal. investors certainly, on this day, at least, selling off takeda shares. to you inging it back singapore. thank you for your patience as we talk about the potential growth for infrastructure there in china. you know, we talk about the slowdown. we talk about incredible infrastructure development and the investment we have seen from the pboc in the first half of the year. but there is a lot of concern they are going to hold off in the second half of the year. we have already seen property curves in some of the hottest markets here. three cities put in place. are these headwinds for potential growth in china? guest: our experience has been, in the big cities of china, as far as real estate is concerned, things have slowed down this year, but we still see opportunity in other cities like

space world manager toshimi takeda says the reaction has been "brutal." takeda says that the park will remove the fish from the skate rink, hold a religious service for them, and then reuse them as fertilizer. here's another winter story from japan -- domino's pizza chains will now offer deliveres there... by reindeer! the service is meant to help make sure customers get their pizza... even if there's a road blocked by snow. each reindeer has a g-p-s tracker so workers will be able to track their progress... and the pizza backs. the company is working with the researching center of hokkaido to make sure the animals are safe. some unlv students want you to take on a challange. the sacrifice they're asking folks to give up-- to donate to veterans around the country. we'll tell you how you can help make a difference. for the latest breaking news weather and traffic-- download the fox5 mobile app and take us with you on the go! we stream our newscasts anytime we're on air. the best part-- it's free! your fox5 weather 24/7 forecast is coming up next this is fo

. >>> valiant is making a push to sell its stomach drug division to japan-based takeda.he deal could be reached in the coming weeks. the report also added another bidder may be involved in the sale talks. valiant shares soared more than 33% on the day to $23.86. >>> and bernie sanders speaking out once again against drug price increases. today the vermont senator criticized the price of humanalog saying why has the price insulin gone up 700% in 20 years? it's simple. the drug industry's greed. sanders sent out a second tweet attacking another medicine. saying, quote, a permanent solution that gives everyone who uses insulin reasonable access will require leadership and cooperation across many stakeholders, including manufacturers, pbms, payers and policy makers. shares of lilly off about 1% at $72.98. >>> if you're shopping for health insurance, open enrollment on the affordable care act's exchange begin today. this time, there are significant challenges. as we have been reporting, premiums are spiking and insurers pulling out of those exchanges. that's not stopping one

this would be possibly sold to takeda, for $10 billion.ing on news, the embattled company with a criminal probe around it, figuring out it must sell assets. the top shareholder, billionaire bill ackman said they would not be doing, yet charlie gasparino of fox business had said, yes they will, because they have to. indeed that is coming to pass. at least reports at the moment are saying that valeant is in talks to sell the stomach drug business for $10 billion. this according to the "dow jones newswires." of course back to dade city, florida, we're still awaiting hillary clinton. she will take the stage after alicia machado. she has just been introduced. she is about to come out. alicia machado, miss universe, i am still here with former congressman of michigan, pete hoekstra, advising donald trump and clinton supporter, robert wolf, former chairman of ubs america. as hillary clinton walks up, robert, what does hillary clinton need to do here? >> she needs to get enthusiasm to get people out to vote. a third of people who didn't vote to go

the deal has broken down, they could have agreed being valeant to a price reduction on the deal as takedaed to. they didn't. doesn't that say it is not the fire sale that everybody sort of frames it as? yes, they need to pay down their debt but could have taken a lower price an they didn't. >> it is a signal. if they took the lower price, people for the next asset will want to go lower. right now, it is an indication to the market, but don't know how long the timeline will be. >> isn't it an indication they're not quote/unquote desperate to sell core assets. >> mistake to rely on the judgment of this company as an ind vacation indication of anything. >> thanks, everybody. "power lunch" starts now. >> welcome to "power lunch." i'm melissa lee. a huge market move topping your menu as the trump rally reaches historic heights. stocks in unchartered territory as the dow and s&p 500 soar to new records. a business man in the white house, sending financials, transports, steel stocks, all sharply higher since election day. we're all over this historic rally straight ahead. >>> do not lose sight o

it could be looking to sell to takeda.'t yet taken any sort of impairment for its female libido drug, which you think could be severely marked down at this point. >> i asked them that today. i said if you bought this company for a billion dollars, and you really have no sales for the product, don't you have to write that down? they said, well, in the future, it might fall out of the basket, but we'll keep a look on it. to me, it absolutely has to be written off. it is a complete zero. >> one of the next sort of points which investors should look at in terms of debt covenants, at what point does this company really get into trouble? when does the clock start ticking for refinancing all that debt? >> the clock is ticking now. the big maturities happen in 2018, 2019, 2020. they have a little bit of time. they're going to sell some assets, pay off the near term debt, but one of the things that i think they were planning to do is refinance the near term debt. that new debt probably went up 200 basis points or 2 percentage point