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Automatic TRANSCRIPT

Today though we got another huge deal a massive sixty seven billion dollar transaction signalled the big health insurance by express scripts the pharmacy benefit manager and it did it night the whole health care sector singers own stock it just got a collaborated glen burn and not just the way you normally expect when the arbitrage guy start betting gets in acquire it's pain cash and stock no finished they down more than eleven percent quite shocking ashley as a source left the company to pay too much or express scripts simply won't make them and up money this is something cigna the supersleek disc we with when they came want squawk on the street this morning i thought the made a compelling argument i think it's positive i think suggest stock as of today i you got it more important in the deal is good for the entire stock market because the animals to cover this business had a very low opinion of express scripts just lost one of its key clients anthem which represented about thirty percent of its sales it singh was one of the best smartest players need tyre industry and they still decided to buy express scripts they still side it was still worth a great deal more money than it was trading for in other words wall street may think that the stock of express scripts was overvalued coming today session but cigna believed it was undervalued you know what i'll take sing this judgement over wall street's any day of the week this kind of thing reverberates we need a bonafide and takeover from real company it makes you feel like the market is legitimate underpinnings like these valuations aren't totally crazy at some businesses are deep worth more than their stocks are selling for and that's positive for car this of gary cohn sex from the white house to the impact that these tariffs or the you'll and the 10year treasury spikes to three percent that is something you could see.