35 Burst results for "Merck"
Small America Vs. Big Internet
"When we met grant goings a few months ago he was holding a copy of the local newspaper and he was so proud of the story on the front page. It was about this new kind of municipal uber system in his town. So for like a Buck Fifty. You can call come pick you up. Take you to where you're going. We're super excited. Grandpa is a total wonderful civics nerd and for the past fifteen years. He's been the city manager of Wilson North Carolina. The city of Wilson has a population of about fifty thousand people. It's downtown is full of these giant old brick warehouses that used to be filled with tobacco. But now there's a microbrewery barbecue restaurants. This city has managed to transform itself into a manufacturing town they attracted bridgestone tyres and Merck pharmaceuticals but they were starting to worry about keeping those businesses because by the time grant got to Wilson in the mid two thousands. The city had a problem. It's Internet. They're hearing from businesses that the Internet not so great and maybe worse they were also hearing from the little league parents facilities would go down frequently and so someone will be halfway through registry the kid there would be some type of breaking service. They'd have to start. All over again. Crashed Little League registration in two thousand and five. I mean come on in other parts of the country. People were discovering nickelback online. Wire with no problem. The Internet could be so much better so grand goings called a meeting with the local Internet provider. Time Warner Cable and the local telephone company and then we sat down and we basically had a few Ask so number one was. We asked them to heavily. Invest in upgrading. The system we. We'd sort of felt like we knew that answer no interest. Yeah the answer was no time Warner cable. Now Charter didn't agree to an interview for this story but you can understand their answer. They're like. Why would the existing company invest a ton of money? Just to wind up with the same customers. They already have. It's a questionable business decision at best. But that's okay no problem. Gran had prepared option number to partner with us. What if Wilson pays to build the top of the line Internet infrastructure fiber optic cables? Then Time Warner could offer their service over these super fast lines town had built. The answer to that question was where the second largest cable provider in the country. Why would we partner with you? Which only left option number three? The city would do it alone. Grant told Time Warner fine. We'RE GOING TO BUILD. And run our own fiber optic network and that's when the laughing started and they very quickly exited after that they literally laughed at you in your office absolutely. Yes and have admitted that did that like light. A fire for you did for me. That's the day that you said it's on it's hello and welcome to planet money. Kenny Malone and I'm Wilson Fair no relation to the city of Wilson and not only would time Warner cable laugh in the city of Wilson's face. They would actively fight to stop the city from building. Faster Internet it is a fight that has now spread to dozens of other states. We started reporting the story before the pandemic. But it's more relevant than ever because this is a big part of the reason that it's very hard to move to little towns around the country and make a living working remotely
Merck Does Deals to Develop Coronavirus Vaccines, Drug
"Two looks like work on a coronavirus vaccine helping to perk up the mood among other things today we see Novavax making news over the weekend saying it started the first human study of its experimental coronavirus vaccine today Merck the drug giant says it plans to work with a nonprofit scientific research group to develop a potential vaccine all this following the dharnas announcement last week or during another biotech company which said all forty five patients in its vaccine trial have developed antibodies against the corona
Michigan governor wins legal fight with lawmakers over virus
"Hi Mike Rossi a reporting Michigan's governor wins a legal fight with lawmakers over her corona virus restrictions Michigan governor Gretchen Whitmer has prevailed over Republican lawmakers who sued challenging her authority to declare emergencies and order restrictions during the corona virus outbreak sighting in nineteen forty five law judge Cynthia Stevens of the court of claims said the governor's authority is not limited to local and regional emergencies and it can have no end to date it marked the third time the court of claims judge has ruled in favor of what Merck during the pandemic the Republican led legislature had argued a nineteen seventy six statute gives it a state emergency declarations after twenty eight days hi Mike Crossey
Coronavirus vaccine from Moderna appears safe, shows promise in data from participants
"Drug maker Merck journos said its experimental coronavirus vaccine induced immune responses in some of the healthy volunteers who were vaccinated in a clinical study and the shots were generally safe and well tolerated however the results are preliminary and only for a portion of the study
Coronavirus: Germany shuts down borders, halts public life
"We begin today's broker In Germany where people are being urged to stay at home because go with nineteen infection rates are rising. The country hasn't been as badly affected US off European power hoisted hoses like the UK France and Italy but there are fears that could change if lockdown measures lifted too quickly. Let's get more on this with on Rosenberg who is head of Europe and the UK at the political consultancy. Cigna M- Global an-and. Choice me on the line from the black forest in. South West and Germany good afternoon. How much has changed in? Germany changed since we spoke to you last week. Actually there's a lot of ambiguity about the fact if it has changed at all. There was a bit of noise yesterday because new data was released that showed that the infection rate has gone up somewhat marginally to one which is a measure that using here to see if it's going up or down and one or one point one is considered a dangerous state that could overwhelm the healthcare systems. But since the data was released yesterday there have been conflicting news coming out showing other numbers that actually show that it hasn't increased much. And that's just a normal fluctuations so all in all. I would say it has not changed dramatically yet so it is normal fluctuation when you look at those numbers until they they are not the same one all the time we see different reports. That's right that's how it seems at the moment however you have to keep in mind that the lockdown measures would just released a few days ago last week so in a way it takes at the minimum ten to fourteen days to see changes in infection rates because people have been stepping out more going more to shops etc. I would expect and a slight increase once the the numbers actually show the reality because just walking about over here at considered me say that there's much more activity on the streets. People are now going into shops more frequently. You even see kids playing with each other which they shouldn't be doing but you certainly see. That behavior has changed. Germans have been advised to stay at home as much as opposable is there. John's Berlin will still needs to rethink its next steps when it comes to easing restrictions. Yes there is a chance. I think that's not just the case in Germany. That said likely going to happen at one point throughout Europe. However the key thing about Jimmy's that these decisions are not taken on a on a national level for the most part Gemini is a Federal Country. Where with sixteen states where each state is pretty much responsible? For the lockdown measures it wants to implement and as a result you have very different measures and also some states. Favoring script lockdown measures over others for example. Bavaria has been on the forefront of very strict lockdown measures versus not invest fine which have been much Keno on prioritizing. The economy over health concerns. If you will so much disagreement. Has there been in Germany. Then over the speed in which. The lockdown measures should be east so over. There's an interesting shift in rhetoric occurring at the moment. Initially there was very strong support towards keeping the lockdown measures very strict. Everyone was in favor of that. I would say since the beginning of the week since the weekend that has been a clear shift in rhetoric towards the critics of lockdown measures becoming much vocal and everyone's starting to criticize the drastic measures and the impact on the economy arguing. That the deaths that we have currently seen do not justify the crippling of the economy. And we're hearing more and more prominent politicians make that point so even if you see an increase in infection rates. I think it's going to become politically more difficult for individual states and for for merckel overall to reimpose stricter lockdown measures simply because the the rhetoric and the discourse has moved on from where it was at the beginning Goodison. Could you tell us more about the situation? Merck finding herself in at the moment. So she has had an interesting few months obviously. She was a prior to the Kobe. Crisis in a very difficult spot with her party going through severe scandals and with the governing coalition being really close to collapse that was even talks about early elections. She has benefited tremendously from this crisis. Simply because this has happened across Europe by the way in times of crisis people want strong leaders. They do not want arguments between the opposition and ruling parties. So she has benefited from that. She has seen a surge in popularity whereas other parties especially the Greens and the IRA has seen quite a huge loss of popularity. And so she's been doing quite well but I do expect that we are now at the beginning of that popularity being eroded again and you can see that by the opposition voices becoming louder. Angela Merkel is due to discuss own thirsty as a matter of fact the next steps folded easing off lockdown restrictions with the state's premier's. What do you expect? We'll be destroyed them. Yeah so I don't think that. So many groundbreaking things are going to be decided. Some of the things. That aren't the agenda is to try and increase testing capacity further and also include new meshes in into that those testing results for example. They want to start to collect the people getting getting well again in in national figure something that they haven't been focusing so so much on they want to provide more financial support to 'em to care workers to healthcare workers. They want to increase a shorter works schemes. Germany has been quite helpful in providing salary support schemes for companies. They want to step that up and they're also going to increase the the ban on foreign travel. If you will so I think borders are going to remain closed for a little bit longer by the sounds of it Rosenberg. Thank you very much for joining us. Anna joins us from the black forest in southwest
Pins Are Your Best Friend
"We start looking at mercury and it'd be debating what Suffo- work well with your particular project. Sure everybody shirts and caps. That's pretty much given you know. Throw your logo or some basic really cool design on key Scher Cap. And you're good to go. Tend to move on net into the settle at ten. This is actually pretty cool. Kim's from your perspective a relatively cheap they visually identifiable fans really easily. And the bottom line is if you can't fanzel chance actually have fun with humor. You know it doesn't matter where it is going to come out pretty cool. Things were on a camping. Drug t-shirt Messenger bag you know he just you you a lot of stuff with PIMM was really cool. Is there also cheating relatively design? You can do it in Boston. Actually I'm a little bit of fun with it. Actually set these things up pretty well. He merely mostly pinging have access to are going to be around or some other basic shape square. That's fine work. We'll listen to those limits. Action should be that a really cool tin like you said one of the cool things Ci He come off any print on demand site. No problem with these things with recently transferred up for conventional training through something neat near kick-started package. We just want to say. Hey thanks a pin is going to do a water really cool things for you like sit. Establish who your fans are who they. Are you a little bit extra shooting near for your fans? Have whenever the cursor your stuff there are definitely gonNA remember you. I mean nothing else how you explain what that means. He's definitely GonNa make some interesting conversation. Of course you need a little bit more. You actually get a little bit more. Well whatever shape you want to be hate. That's just catching some actual really cruel fan going in saying hey enjoy you know. Violent is when we look at Merck. You're going to be trying to get away from usual caps and tee shirt. That's fine gopher. Pin they're fun. They're cheap energy design and definitely severe fans appreciate.
What happens if Uncle Sam goes home?
"Support for Donald Trump and Bernie Sanders indicates more and more. Americans are questioning the nation's role as global leader. But what happens if Washington Jettison? Us alliances and ended the Ford Presence of U. S. forces according to Thomas wrought in the Lightest Foreign Affairs magazine. That's a distinguished New York based journal a strategy of Retrenchment. He argues would among other things. Destabilize the regional security orders about Europe and Asia increase the risks of nuclear proliferation and aggravate the threat of major power conflict. The foreign affairs article is cold. The folly retrenchment. Why America can't withdraw from the world? The author Thomas Rod is director of the Center for the United States and Europe at the Brookings Institution and is affiliated as Nonresident Fellow with the Lowy Institute in Sydney. He's based in Washington. Hi there Tom Hi Tom. It's great to be Richard and join us in cine studio. Is Doug Bandow? He's a senior fellow at the Cato Institute also in Washington a former special assistant to President Ronald Reagan and this she's scholar in residence at the Center for Independent Studies. That's a Sydney based think tank that I had welcome back. I glad to be on Tom. Tom Why do you still support a foreign policy? Strategy that Yusei quote has served the US. Whoa for decades. Well I think that the you know the. Us has had a critical role to play in Europe and in Asia since the end of our two and then after the Cold War And I think it really has worked. You know it's it's created sort of stable open and prosperous regional orders. I think if the US was to withdraw from those regions those orders will be at jeopardize some. We'd see all sorts of negative effects and I think as we look at American farm policy. Be Up to distinguish between some of the conflicts in Afghanistan and elsewhere that might make sense to to to pull back from or to to to end and the more broad sort of American commitment to international security. And I'm sort of worry that we might throw the baby out with about water in this when we talk about you know how engaged the US should be in the world but your critics would say that the US has over extended itself Particularly in nations. That don't directly affect the American national interests. I think of Afghanistan Iraq Libya many people would say strategic disaster after strategic disaster. Doesn't that undermine the case for? Us Global leadership role. Well I think that we can. We can debate the merits of of each of those and certainly in Afghanistan. Icee in the piece that it's time to end the the Board Air. I think Iraq is a sort of a tricky case because there needs to be some sort of a small presence to prevent the resurgence of Isis. And but the main point of the piece actually is that the US has not overextended in Europe and Asia. So all those cases you mentioned are sort of the Greater Middle East right there nod And Not in Europe not in Asia and I think the strategy in those two regions is basically working has worked quite well and so I don't really see the evidence of an over extension in either of those two places over extension dot band. I think we're clearly overextended. The problem is it's going to get worse. You look financially at the United States. It has a trillion dollar annual deficit for the foreseeable future without a financial crisis. Those numbers will get worse of the entitlements. Is the elderly retire? The question is how one maintains globe spanning military capable of trying to contain nations along their borders essentially everywhere and also fund other commitments. I think is going to put enormous pressure on the US budget. And I think what we see today is basically an overhang of a policy. It's inertia for policy that worked well in terms of containing the Soviet Union but doesn't make much sense when it comes to Russia and a policy that in East Asia's very complicated China's strikes me as being the major problem that we face but it makes no sense to extend ourselves everywhere for primarily concerned about China. I kept isn't a US. Pullback from Asia and Europe want that be more likely to embolden regional powers like China and Russia. I don't view Russia's being particularly strong power the stage Russia doesn't dominate Europe the way the Soviet Union threatened do so Russia doesn't have anywhere close to the relative strength towards Europe that China does Europe strikes me as being a very good example of where history suggests we should change policy changing circumstances. Meena change the policy now argue frankly. Us policy's been destabilizing. American policy towards Russia in terms of NATO expansion involvement in Ukraine and Georgia has actually provoked the Russians and has created greater problems there and argue greater threats than an alternative policy. Would Have Tom Rock. Well I guess I would sort of ask Doug if you pull of NATO or reduce the US commitment to troops in the to to the countries in the Baltics Eastern Central Europe. I mean I see the presence there as having a deterrent effect. In that if we didn't have NATO Basically have Russian incursions into those countries in greater instability. I also think NATO helps to sort of try to slow the rise of authoritarian intimate some of those countries. We have big problems in Hungary and elsewhere. I think if NATO was to disband pullback those problems get worse than that. We need to be more focused. On Democracy. In those countries that are currently in the NATO Blah if as the retentions argue the US should basically withdraw from NATO or weedy ended started military. An present there that will have significant negative consequences in another part of Tom. Wright's thesis in his Foreign Affairs as I dug Bandau is that. Us retrenchment leads to nuclear proliferation that is US allies. No longer protected by uncle. Sam would be tempted to acquire nuclear weapons of their own. Why Co that danger Doug Bandow? Everything's relative here. Sometimes you live in a world with bad choices so if the question is to the United States forever defend lots of allies being willing to sacrifice American cities to defend them or should they have nuclear capabilities. Themselves it's not so clear to me. That proliferation is such a bad thing. It's not a good thing but the question is does. The United wanted to risk Los Angeles to protect Taipei and Sydney and Seoul and Tokyo should the US be prepared to risk. You know. The United States still cities and dealing with Russia when in fact already Britain and France have nuclear weapons. Perhaps the European Union are some European defense for should also have nuclear capabilities. I don't think that it's a good alternative. On the other hand the assumption undebated you know kind of unconsidered. I think that. Us should of course maintain this Really starts falling apart especially in Northeast Asia if North Korea possesses missiles capable of hitting the United States and targeting American cities doesn't make any sense for the United States to be prepared to go to war on the Korean Peninsula. What risks are at stake? What interests are at stake? I look at that and say this really is at point to argue that. Maybe we need to reconsider. Who has want Tom Rod on that note? How would you respond to Doug? Bangles question does the. Us wants to risk of Los Angeles to protect Taiwan. Yeah I just. I just think it's really. You know in the exaggerated concern. I mean this is a very real concern. At the height of the Cold War there was a problem. Extended deterrence you know. Obviously there was a number of Said's and brinksmanship but since the Cold War the US has been able to deter Russia in Europe and Saudi. Different way you know actors in Asia what I going to the brink of a global crisis and You know that would precipitate nuclear war. Hasn't we haven't seen that pattern of crises in the last three decades so The evidence would suggest that deterrence in Europe is fairly stable. I came guests. Doug band out from Kite. When Thomas Rod from Brookings? Both prominent washington-based think tanks. And we're dividing. Tom's lightest site in Foreign Affairs magazine. The folly of retrenchment. Why America can't withdraw from the world before we turn to Australia's neighborhood in is Doug. I just want to put it back to you on this question of pulling America out of certain regions. Say the Middle East if the US pulls out of Iraq and Syria a want you just invite those suny jihadist or even the Shia militias to fill the void while they're already there. I mean the reason. Shia militias are active in Iraq is because we blew it up. I mean the notion that America promotes stability in the Middle East. I think is a fantasy the? Us helped blow up Libya now. We created the precedent that if you're dumb enough to give up your nuclear weapons and missiles we take you out who what dictator wants to follow more Merck Offi. I think the the Iraq circumstance you cannot complain about Iranian involvement there when we took out the anti Iranian dictator. So I don't see us as being able to promote relative stability in Iraq in twenty eleven when Obama Administration withdrew. Us troops that created a vacuum for those Sunni. Jihadists non-islamic stunned. I mean th this. As soon as you hottest were active. The reason we have al-Qaeda's it was created al Qaeda in Iraq which transmuted into Isis Obama pulled out following the George W Bush plan Bush could not get a status of forces agreement through when he had all the troops. So the blame Obama for this. I think is silly. And if American troops had been there there's no reason to think they would have maintained stability they would have been a target not only of Shia militias it would have been targeted Sunnis. Both sides would viewed the United States as being a problem. I told me dot band now. He he's a former Reagan. Adviser Menu reflects with I express themselves in different ways Obama trump and sands would essentially agree with Doug Bandow. How would you respond? But I think Obama. The Obama Administration came to the conclusion that it had sort of made a mistake in pulling out of Iraq in the manner in which it did because it went back in. You know to fight. Isis applied played an isis merged So I think you know. I think there's a tendency when we look at these issues you know to say the US withdraw from all of these conflicts to say. It's a Bama toward the beginning. Iraq was the wrong war. Could start it on false. Premises and Afghanistan was the good war Because it was legitimate when it began and broader than looking at the strategic consequences of both which are sort of independent of the causes right. And you know if you have a country `significant you know as Iraq in the heart of the Middle East. What goes on there has consequences and consequences for the region at a time when there is still continuing terrorism threat. I think is happening now. Let's bring it to Asia a dog. You obviously five a retrenchment of US power from not just Europe in the Middle East. I completely get that but you also support a retrenchment from East Asia question. Why China just feel the strategic vacuum left by Uncle Sam and therefore threaten the integrity of many sovereign states in the region. Doug Bandow well. China's the great challenge and the question of how to deal with China. There's no easy answer. I think the question of what America's role should be. It's clearly much more of a backup role it's not America's job to protect scarborough reef for the Filipinos me last year. Rodriguez territory announced after the Chinese Sankar ship. The US should send the navy in and start bombing. And I'm here with them. I mean it shows the danger of essentially transferring these decisions to local powers. And there's no doubt I think providing security guarantees
Nicole Lapin's Super Woman Approach to Personal Finance
"We have one of my awesome friends in an all around Rockstar. She's the author of a number of bestselling books including Bostitch and rich coal lap. And thank you so much for joining us today. Thank you Brian. I feel like you should do the male versions of these books. What do you think would they be called points bitch which would be great or rich dude rich but I get so much cooler? Like rich bitch is fun but I feel like it would be kind of like people. Look down on me right. Nobody could ever looked out on. You know I think you know you and I don't even other side hustle or another project but if we did. I think you could do that. Let's talk about you. I mean you have been the youngest anchor on CNN and so you went from knowing nothing about finance growing up. You are first generation. American money was not a topic in your household and now look at you with these bestselling books. How did how did you go from zero to one hundred? Oh my gosh I would have said like bonds had to do with bond girl growing up. I knew nothing. I mean. We don't learn in school. It's bananas like if you and I are in charge with world I think we say instead of or in addition to the Thiam Theorem are all this nonsense dissecting a frog you need to learn how to budget how to do taxes how to do a business plan what the heck a credit score is all that stuff and today. I don't have kids but I mean I know my friends. Kids are studying mandarin and traveling. I have to think today in. Today's curriculums are teaching. This are they not. They're not and I think that personal finance. It's such a disservice even like what am I doing? Going to speak at business schools. Even my friends who had gone to business schools. They asked me like the most basic personal finance questions. One of them said I have money because I have checks. I'm like Oh my God. I'm so scared for society right now and I'm the least likely person she knew any of this stuff but I realized that money is just the language like anything else. We just don't have over a stone for that language growing up and I got a job when I was eighteen because I grew up in a super broken home needed to start working really early on my father died of an overdose when I was eleven and I just started in school when I was fifteen on the air at small markets and I needed just a J. O. B. leg. I didn't have the luxury of doing what I love like a lot of entrepreneurial experts like. I just had to figure out how to love what I did because I needed to make money and I was offered a job on the floor of the Chicago Merck. At the time I wanted a job in like big market Milwaukee from the small broadcasting. No I went to northwestern and they asked me if I knew anything about business news and I just said absolutely I love business news and I totally lied and totally faked it till I made it and I knew nothing about it and I was thrown on the floor of the exchanges in Chicago and I just went to the school of hard knocks and just learned it. It sounded like Chinese because it really is a language like once you can the language of money. I actually rewrote financial dictionaries in the back of my books in real English like short not the opposite of tall. It's the opposite of long means. Something's going in the pooper league. It's not serious. Equity is a fancy word for stock like a know. It sounds really right but once you learn it and once you know at this complicated so you're known for your twelve step guides someone listening right now who's their houses and so much in order like bring us through like where do you start? All of my books are twelve. Step plans because the first step is admitting you have a problem and we'll have problems when I started working in business news. I felt like total impostor because I got myself in debt I got myself in five thousand dollars of credit card debt. And as like an immigrant's daughter I was still trying to keep cash under my seeing. Because that's what we did but at the same time. Like I was accumulating interest and he didn't know how compounding interest worked all of that stuff so I just got myself out of it the hard way and I broke it down into steps. And that's what really helped me. So five thousand dollars was twenty five hundred dollars a year and then I wrote it down by the month. A broken down by the day was seven dollars a day and to that felt more manageable than like an overwhelming five thousand dollars and so I think generally when we were talking about finances. When you're talking about business it feels so overwhelming unless you break it down into twelve stabs and within those steps like break it down into actionable steps that you can take so when you say that because in college I got my first credit card was the University of Pittsburgh Elia Card. I think they gave me an umbrella. Or A T. shirt as my sign up bonus time Clean Crowley God book to Spring Break to Ireland. I was making no money so clearly. Like a five hundred dollar balance was all of a sudden a thousand. After after college. When I moved to New York City I like it was quicksand. I couldn't pay rent. I mean then I had a bill from college A rise in bill that was sent to collections and they were going to garnish my wages. Like I was hot mess so it is kind of funny. Now when I'm like you know advising people on credit cards but I do think that actually going through the hell of debt and knowing the negative sides I think makes us better people to say look you have to be a credit card debt and I think that's what I always tried to make clear would like points. Yes credit cards can provide amazing value. But if you're not paying the interest and getting totally underwater with interest I always say that debt is the only four letter word. I don't like I mean bad debt. Right that's right. I know there's like good. Debt and bad debt. Avocados is good fat. So other advice like that you give to people who are just trying to get it together getting that debt monkey off your back is one of the chapters or one of the steps in rich bitch and I talk about how you should also prioritise to pulverize. So I think a lot of folks think that all data is created equal. And so when you see bill and you have one hundred bucks and you got a magical bill for a hundred bucks. You're like alcohol. Just got rid of that because feels really Cathartic. I'm done with this bill. The not the best thing to do. Because you should start with your credit card debt. I than if you have a car. Loan of course tackle that you don't WanNa panted appreciating asset And then if you have a mortgage and then finally our student which is considered good debt. Because they can take away your car they can take away. Your House. They can't take away your brain So I know you just got back from volume of course is the travel podcast. We'RE GONNA start talking travel. But how do you budget for travel like is it a line item is it a non-negotiable especially millennials and Jesse? Everything's about experience like how should be people thinking about budgeting for travel and trips so I think of a budget as a spending plan in the same way as you would think of a sustainable Eating plan as something that you can take two instead of like a crash diet so allowing yourself the equivalent of Hershey's kiss so you don't end up in the middle of the night and all she on a Bagel hunk of chocolate cake because you're so hungry and deprived we've all been there and so when people say cut out your morning law like I just want to Bash my head against the wall because it's such a nice nice bankrupted by their Makotot's like let me liew. I work really hard. I want some avocado toast and a Soy. Latte or whatever milk law but I think if you break it down into I love letter. Ration- The threes so essentials and game an extras Su. Seventy percent of your overall spending plan. Go to the essential so your food or transportation and your housing everything you need to live on every single day then fifteen percent should go to the end game so the future Brian. Your investments retirement all of that and then fifteen percents should go to the extras. Like you have to allow yourself for extras whether it's travel whether it's the law tae whether it's the many petty whether it's like avocado toast for everybody. Whatever does it for you like. Allow yourself fun. Otherwise we're going to bench later on because people will say to me in the beginning the early in the morning doing so great and then four months later about the Gucci Prada by the. Hello captain obvious. Just got a lot every day. You keep yourself motivated. Have that small indulgence. Binge later on. So that's what I do with travel and then I also like name my sub savings
"merck" Discussed on Steve Forbes: What's Ahead
"Purpose if you stick with it during bad times and so for for us. It was just a question of saying. We're not going to do what's going to keep some. Investors happy in the short run by giving up with the company has always stood four hundred and twenty-five years. One of the things you got rid of this earnings guidance this idea gotta play quarter by quarter long term earnings Scott and Make the point that the importance of it's not a pun patient capital right. Exactly exactly you know one of the things when I became. CEO The we had put in place five years of long-term EPS guidance of which only only two years had elapsed and when I became CEO. We were still on a track where we could achieve that long-term earnings guidance but at a very high cost it would require immediate and indiscriminate cuts aren't and so I made the decision twenty five days into the job to withdraw the guides which is not something that it was a lot of fun because Wall Street didn't wasn't didn't treat that very kindly But I think looking back at that to your point about patient capital the shareholder base did turnover very quickly. Didn't feel good at the time because the stock value plummeted but what happened was people who believed in R. And D. bought the stock and people people who didn't believe in it sold the stock and went on elsewhere and actually they gave us the room and the time to rebuild our scientific enterprise to the point where now we're making some very significant contributions talso gets to appoint some CEO's overlook. Is that the importance of the stylish rules of the game. If you make the point this is how we're GONNA be guided you'll get the kind of investors will go along with that. I think that's all right. I think that's right and Your big drug. The one that everyone talks about today's immunotherapy was amazing. Several of not that many years ago people had doubts about it and uh this drug came to you through a merger and even inside your company there. It was skeptical. Walk us through how that evolved so this drug key. True to which stimulates the body's immune system to fight tumors obviously different from and now but years ago it was seen as what right the idea that you could cause the body's immune system to fight cancer was seemed it seems farfetched and of course people were treated with chemotherapy radiotherapy But for fifty years people have been looking at this as you know the Nobel Prize was given. Even Jim Allison for this last year. The fact of the matter is when we bought this company Organon which was a part of sharing cloud. We weren't smart enough to know that there was a drug of this value there but the one thing I can't say with truth about the acquisition was that we thought really good science. What's happening in Oregon and and so the acquisition was a lot of people who are really smart? People have been working very hard on certain issues for long period of time and we. We thought we were getting optionality on all that long period of work and it turns out that it's going to be one of the most important drugs ever introduced into who clinical practice. Certainly one of the broadest into set of indications ever. We weren't smart enough to know that that drug was there But we we did it bring it on new head of research. Roger Promoter who just happens to be immunologist by training who spent longtime amgen developing oncology drugs and as soon as he came in in the door and survey what was there he said. This is amazing. This is a drug that we can really make something out of and help a lot of people in. That's what we've been fortunate to and and Talk about the the phrase. The gift that keeps on giving this drug keeps on giving you mentioned you have over a thousand clinical trial designing more and more tumors that it can attack. It's unprecedented. It's you know we have twenty indications. Now we're moving earlier and earlier lines of therapy where expanding into new tumor types. It is the first broad spectrum anti neoplastic agent introduced in clinical practice. And so it's up to us to make sure that. Ah We find the resources to get this drug to as many people as we can because of the importance of it to people every day not getting into the weeds of it but ah decision was made that looked like short term might restrict the use of the drug but laid the foundation for its wider use and that is a explained biomarkers biomarkers and the choices. Andrew was just talking about the need to make sure that we get value out of drugs and that we use the right drug at the right time for the bike impatient and so when we were studying the drug initially a lot of people on Wall Street criticize our use of a biomarker or a test to actually help stratified patients and predict which patients would respond to the medicine and not the idea on part of some people is. Why would you want to restrict the number of people who are eligible for your drug? And I'll borrow something that I think. Andrew was alluding to the drug doesn't work it really doesn't have any value for that patient and therefore it doesn't have any value for the system so what we wanted it to be able to do when we discover we started working on this drug. We wanted to understand how the drug works fundamentally as monotherapy and for which patients it would work and in the early days that restricted our use of the drug but as we began to understand the drug better it helps us understand what were the better agents to combine it with and I think in the long run it turns out that taking the scientific approach was the right protein. Developing this drug in the beginning is say look restrictive but it opened up a ended up a wide vista drug pricing. We won't get in the rather complicated it'd subject but one of things that People focus on his costs just quickly give us lives saved. But let's get to the bottom line. Let me take a step back and and talk about this in a broader perspective. Because I think that those of us who are in the business of inventing composition of matter chemicals and biologics that are intended to work in the body to say even extend lives I think people don't understand first of all how hard that it is to get. That done. We fail more than ninety percent of the time. If you go back to your nine thousand nine hundred in the United States a child born in the nineteen hundred could expect a fifty years on average now child. Born at the end of the twentieth century could expect to live to be almost eighty. So what happened so obviously sanitation tation clean. Water helped nutrition help education helped but a lot of the expansion life expectancy density after the fifties had to do with childhood vaccines had to do with antibiotics. It had to do with statins anti-hypertensive. HIV drugs cancer drugs. And so if you just look at Merck Merck has been a pioneer in. Every one of those feels feels fortunate when we develop a drug Indiana via creeks event for HIV. I remember what it was like when we first gave that drug the people at Hospice and people who are dying we're able to sit up take nourishment get stronger. It's a miracle when you see what these medicines can do. Sounds like the miracle with the early twenties with insulin. Diabetes Obsolete was time and that fifty cases and they brought the insulin and and and write as they gave it going down the line of these patients. They started to recover exactly. You could see it before your eyes. There's no question at the drug work. When you randomize people? Some people got the drugs. Some people got the placebo. You could see that the drug war. We're seeing anything now with amy on comedy you know Jimmy Carter had said his goodbyes is and now he gets the drug add metastasized to his brain and and now he's healthy only. He keeps running into issues now because of his age. But but these drugs can do wonderful things and coming back to your pricing issue. The fact that they can do wonderful things. I agree with some of the things that Andrew say we have to find find a way to develop a system or an approach where we can get the benefit of these jobs over time and pay for them one of the problems we have as an industry is. These drugs are really expensive but a lot of things are expensive. Houses are expensive. Educations are expensive but we don't expect somebody to take completely.
Global markets seen taking economic hit as coronavirus spreads
"One story that dominated both global and regional markets this week the deadly coronavirus on choosing the head of the World Health Organization visited Beijing to assess China's response to the crisis that came as the country reported more than four and a half thousand cases and more than hundred the Ptolemies we are more with the Merck's Chris at sea in Tokyo and Simon Ballard as well he's the chief economist at first up and down the back South Korea and rubber was off yesterday so they're essentially catching up not only to the declines in Asia yesterday but even the the Friday's selloff on Wall Street so the Korean markets had a lot of catching up to do which explains why there are particularly hard hit today Australia also under performing but if you look just in the afternoon session here we're seeing some signs of easing in the selling pressure so the the Nikkei is off of its lows it's only down about point six percent that's about half its it's declined from earlier today we're seeing Chinese stock futures also coming back just a little bit some interesting headlines just scrolling saying that China is telling brokerages to be rational in what they're telling investors they're telling people don't you know stored pricing and you know do stay here China's foreign minister saying that China has the tools to win this war against the virus so there's a little bit of a sense of you know you you can see governments taking action here you can see here they understand the scale of the problem so that's providing some reassurance I was going to follow up on that actually the efforts are definitely picking up the scale of the undertaking significant but as you look to the comfort of global coordination there is the reality of global economic disruption is that what the market really needs to start factoring in yeah well you got the situation where you know that there's going to be a significant you know near term had to Chinese grows to gross really across the globe if you think about the impact that Chinese consumers have through tourism or you think about the disruption to the global supply chain so you've got this short term impact but then you've got the assumption that once the disease passes they'll be rebound so number of economists are saying you know what I'm not going to change my full year twenty twenty projection for global growth for even Chinese growth at this point I'm just gonna assume that we're going to see see some growth shift from the first half into the second half nobody really rushing to mark down their full year forecasts just yet but the you know the bottom line is we don't know really how big of an impact this is going to have you know we're still a ways away from the peak of the number of infections from a peak in the number of deaths unfortunately so until we get a clearer picture in the next week and a half or two it's going to be you know guess work on the part of economists and investors alike Chris thank you very much Chris and see that in Tokyo running up the latest market action our guest host this morning a sign of ballot chief economist at first the Debbie bank something good to see this morning so we read are trying to pull with the contagion and the impact all of this active gold ring story I've seen the first number sent to me this morning from mentor partners that Chinese growth could be started by a hundred to two hundred basis points took me through the global impact of a contraction in China grows by night two percent in the first two quarters of this year if that's the scenario yeah and that's exactly that's exactly the wrist that with with with with facing today in terms of you know listen to the director general of the of the W. H. O. now add in China so the pining again I think we just looking for further clarity from them as to whether they still see it as a as a domestic relatively contained issue or whether there's a reserve a space into a more global pathogen I suppose of the sauce two point zero if we go back to two thousand to two thousand three at the sauce event you know that triggers your view previous because said a serious downturn in economic activity in the region especially in China where it shaved about one percent just over one percent of Chinese GDP triggered a recession in Hong Kong that was the time when GDP in China still managed to increase between two thousand two to the end of two thousand three from seven percent to eight percent when now talking if you recall about the risk the last month of of of moving to sub six percent GDP territory with China we didn't get that we held a six percent as you know as per consensus as per Beijing's expectations but usually one percent off that now when you go into the five percent you could possibly to high four percent level on Chinese GDP if this Haroon of ours continues to mutate and and and and and spread something that because we've seen in the commodities space where is that going to hand because the phone so the market's life team put exactly that question to our audience question of the day coming through then how far will the corona virus related to climb the commodities extends this something that is going to be as severe as we've seen in the past with some of these events or are people going to focus on the global growth forecast for twenty twenty staying intact I think people still gonna focus on that twenty twenty growth full cost overruled the news flow the headlines and the the volatility that we see in the market over the next couple of weeks if if not being honest about us a couple of days is going to be key in terms of one what happens in the bond market in the what happens in the commodity market is probably a reflection of the overrule sort of risk of this nature of investor sentiment at the service station you know it's raining it's pouring but this study no room for you know the old man to be snowing in the back and you could be what you all the elements that we see this you say no the ten year round it down to one sixty that hit one forty five back in September is mass was talking about earlier on so you know if we do see sort of negative connotations coming from the WHL if we continue to see you know this mutation I'm a and an expanse of cases and remember we were two thousand to two thousand seven hundred cases on Monday work for the whole thousand today I'm hearing them doubling serving twenty four appeared we could soon be about a thousand that we had in the sauce in our back in two thousand and three and that's with then good sort of Dr you know Dr risk aversion hiring drive that taking a yield back through the one fifty back down towards the one fifty if not one forty five no and certainly dampened expectations for commodity prices in terms of your expectations for slower global growth environment in outlook Simon can we just take this a little bit further with central bank reaction we see the market we price from the fat mother was when I pricing twenty five basis points back to back that was originally in a in the front of twenty twenty one to the market is already beginning to price central bank action it does that come across your timeline intends the fat in terms the PTO see if I emphasize the what if there is Dayton the mutation as you say in numbers activists scale of a real global pandemic and that's that's a huge plus a huge different of course all the time the time is made a little different this week by the fact we've got the FOMC on Wednesday with bank of England which is more of a coin toss with the bank of England on Thursday and as you say in the futures market was looking for that first all that additional twenty five basis point cut to come in in two thousand twenty one because of the risk of ocean nature of market sentiment at eleven that's brought forward into so the queue for October you know depending on the news flow over the next twenty four hours I really don't think the fed's going to cut you know this month they suggested they stated previously that I'm very comfortable with the level of accommodation and it would need a meaningful event to trigger a sort of a moving rates from from where they are today you know for the time being you know the the crown of ours doesn't seem to be that meaningful event in order to to trigger the fed but certainly it's it's it's bringing a more dovish rhetoric into the market place now then we had done it earlier this month
What to Expect from 'Lord of the Rings: Gollum'
"I totally forgotten that this Lord of the Rings Column Game had been announced early last year. Same Lord of the Rings. Ghalem a game where you play as column based on the books not the movies in a Prequel to Lord of the Rings The update this week. We've got some game playing some information about the game. This week is also confirmed for places and five and Xbox in twenty twenty one confirmed Nexgen Platform. So what are some of the details yet. Well let's see here We don't gone is GonNa look like obviously not gonNa look like Indie Circus's version of dumb. They mentioned in that early illustrations of gallon. where he's huge like shop thing much Fisher told edge edge magazine that Tolkien didn't have a size reference for them? To begin with so in the first illustrations he's gigantic like a monster. Emerging from the swamp cool token like revise is that. I'm sure I'm sure. Oh wait a minute what also is it up to Tolkien. Here's a big Gomez. Yeah he was a hobbit. Yeah we talking talking about in these early in these early illustrations. He hadn't determine that he was hobbit yet. Don so that's a good point but there's a whole like the weibring up for something like Star Wars is the whole story group that's helping to side with cannon and what's not but with Lord of the rings it's like anybody could just paint whatever they wanted. Yeah that's true that's true. Yeah yes bipedal. It'll creature out the window. I hope it's I hope it's a riddle generator. That's the game. Yeah you know what I hope. It's going to be a fishing in a fishing. I love fishing game. I'm sure there will be fishing moments. I hope how else how else you exactly. Luckily you love just fishing. If not fishing mini games you love the fishing games like bass master. Yes I was going to mention the Black Bass and the Blue Marlin brand. Yes this great. Those guys are great. Yeah we are. They can't can't tell if serious no love fishing. RPG's big fan. They have such a strong fishing. If if you go to different lakes and use a boat if so wait. I'm sorry if I missed this. Who is the developer of the data? Data Lick So. That's not warner brothers. No because Warner Brothers has the right to the movies. The move gains based on the movie shadow of war isn't n specifically they WANNA to move away. They are using they use. Peter Jackson's version of knowledge Okay all right we know that in ORCs look like ORCs in the as In this game so it's data look entertainment which they've made a bunch of games that I've never heard of he's like did you did you. We were talking about so they said there's decision making in this game which all games have like dialogue decision making on the Duma or not Damon Telltale game Telltale style game. And I think it's just going to be an action game with segments. I dated has made point and Click Adventures. I think that's kind of what they're known for. Click like you know if it's a Prequel who knows what it gone. We're going to get but he doesn't lend himself to like you know action need three world still sure it could be like like almost daily Stealth Ish game yeah. I don't think it's going to be like gallon. Like throttling a bunch of people and infiltrating base. But I think it'd be cool if you're like avoiding you know stuff stuff obstacles and then maybe exploration I mean he can he can basically move vertically on walls he it could be a climate uncharted mccollum. Gholam a good way to sir. John's like that's like a combination of climbing puzzles. Yes and throttling gum hiding all the triggers an internal final dialogue options Gome should absolutely be able to climb everything. That's what he does and fish. We blame as deep into his corruption by the one ring and he conveys a different set of emotion than those seen in the films because he needs to be more sympathetic and relatable because you're playing his his care changing the character to fit your interests. He's fairly senior Eh. Things that cute song sneakers. But he's a betrayer and Taylor's we can expect stealth Alf gameplay dual personality mechanic huge levels so that doesn't sound like one click adventure huge levels in a move away from the violence. The dominance other Lords utterings games lord of the rings plural is shadow lords of the ring. If this takes place between the Hobbit and Lord of the rings that's an era in which ghalem goes to more door gets captured word gets tortured gets captured again by Era Gorn when he set free goes to Merck quilt. You go into more detail this. This is interesting okay. So we're explained this to me yesterday. Yesterday you want me to go into more detail and year thirty thirteen We know that the bill meets Ghalem and yeah gets gets the ring from him. Yeah so then. At that point a gallon is like whoa. You Know He. He knows that there's a thing called the Shire and he knows what that there's half lanes and that WHO baggins begins right and we know that because in the very beginning of ordering seen the movies he's shouting that it'd be well being tortured and and more door and that's because he he leaves and he goes to try to figure out where his ring is and at some point he gets captured and taken and tortured. But then Sarah and says you probably try to trick us and they're not giving us all this information but you did give give us this great information that there's somebody in bags in the shower or whatever the show in the movie goes Shire back in. They all the black. Riders are repeating so then Then he uses gallon because they think like. Oh we'll just follow them and he'll lead us right to at some point in their duck alum talks to she. She blob probably and stuff like that. I don't know because then he has a relationship but she later you know where you can say like. Eat these hobbits and we'll make a deal. But then he goes to to to He gets captured by airborne and they want to interview him at that point because they know he had something to do with the ring again. That's trying to figure out what the one if it's the one ring or not but she doesn't realize for a long time he knows it's ring a power. There's there's eleven of them or whatever so that will happen again. Stopped me when I'm going too far Oh I'm just trying to give geographic sense of where gallon could go then. He goes to to be captured by the ELVES. And Merck would and there's a battle there's the There's a the sirens. Dark forces are like you know in Merck. Would at that time and all the stuff happening so there could be a battle sequence in this too but then gallon gets out and then somehow he meets up with the fellowship in under the misty mountains in the minds Maurier. So that means he's probably released for you. He's a ski escapes escapes in the turmoil or something from recruited and during that battle and then he comes across in his lost and maybe more effort longtime because he just comes upon them then and that's that's the point which he joins wins the hunt for the ring again. This is all happening before the game supposed to be set before all that stuff. Yes yes so. I think this would lead up to the point in which he's maybe in market or something like that add maybe it ends with him like finding the fellowship probably doesn't make sense Yeah I guess it would make sense. He's lost the ring so that's why he's on a quest to try and get. Yeah exactly I think that could be the motivation if it's before that if it's when he has the ring like it could be about him like losing the ring in the cave and just trying to find it because he lost and then before that which I don't think it would be it'd be him finding the ring being corrupt and kicked out of the village and all that stuff which they also seem to allude to the fact that like through these narrative decisions that you're making within the dialogue as you're single versus column that you can arrive at an ending that's more leaning towards one personality over the others that kind of gives an idea of what the story might be or at least what the ending room gone has technically a happy ending because he gets that rain and it's just yes second or two. Yeah well spoilers We my favorite part of that whole Lord dumped by the way. Is that in when you saw the hobbit movies which are terrible but they expand a lot on this in the books golic just disappear. Excuse me Gandalf just disappears from the book and then he comes back in like a hundred pages later is like Oh sorry I had to go take down this neck. Romance her in the forest and then he's just back in the book. It's not a part of the story story. It's never addressed again when you're a child reading this book. What what just happened like he kicks he kicks out of Merck? Would and it happens off off camera and the book it's insane. Yeah he like fleas. I think even showed that a little bit in the hobbit movies Dayton whole subplot in. But that's what they're talking about. Well so what's your impression of this Looking about the comments a lot of people were like why would I want to play his column in a game of any guarantee and Lord of the Rings would I want to be going. Well certainly sets you in like more of Steph environment airman. So that's cool. It's different than the shadow of war or more door games that we played. I think he's really interesting negatively. But it's the game play you know. I don't know there's there's a reason that those games are like sword and board. That's a very established format for making a successful fund. Video game now has been like a kind of a controversial addition to the Lord of the Rings Really Creepy. And I don't really you know it's really Peter. Jackson did a lot with that character to make it. I think more fleshed out an interesting resting than I ever thought of in the books and I think that's a really good thing so I'll do that. It'd be great also a credit to Andy Circus and you know my policy on elves. And everything. Only tolkien's allowed to use those. Yeah that's elves and hobbits especially if those are in other things come on how lame up with your own stuff. How lame are the ELVES pitcher? Yeah Oh my God. Nobody does not the half lanes man. They're they're in the game that's like nobody else can do hobbits but they cheat by having hassling. Yeah aw come up with your own fantasy stuff. I agree it's not as bad. I can't even talk about the witcher though because later episodes knows of other bad things anyway. Lord of the Rings Column Coming 2021. PS Five xbox series x alongside.
Feds approve drug for treating pancreatic cancer
"We're seeing some of news here in the drug world with AstraZeneca Merck getting a boost from the FDA that's likely to help drive already strong demand for the cancer drug Lynn pars of that drug was jointly developed by those two companies treat pancreatic cancer one of those deadly types of the disease Ellen Parsons already been given the go ahead to treat ovarian and breast cancer now also be used for pancreatic cancer giving AstraZeneca Merck boost
Time For 2020 Market Forecasts
"Summer panic the yield curve and version imminent recession imminent doom stocks going to zero well today the spread between the two and ten year treasuries hit the highest level of the years of Dan. Nathan is the bond market sending all clear for the stock. Of course I I mean think about it. When it was the last time we had a heel curve inversion it was like two thousand? Six in the stock market. Didn't top out for another twelve to eighteen months. which is what everybody was saying? Last summer Merck anyway they're like chill out. The market's not gonNA crash here but we have a year to eighteen months. That's the average so to me. I don't I don't find that particularly useful one way or another. I don't I think anybody was saying on August. Six two thousand nineteen the markets crashing. Right here because the two the two tenths bread just inverted or something but so I actually did sound like bliss said exactly that we were down eight had heard that Kerry afterwards showed that you do you do have this. This yield curve gets a lot steeper right before recession. What's interesting if you watch that? Yield curve. Along with jobless claims jobless claims START TO TICK UP yield curve starts to get steeper and then you have the recession. But that's twelve months from now so we're looking Q.. Four twenty twenty at the earliest is the question is how is the occur steepening from the short end of the long end. And what do you want to see. And I would make an argument that the Fed cutting rates and sending that vibe out there you basically saw both steepening which was coming in from the short and the most important thing. I think that happened today. Is that the rick. spank in Sweden decided to say no moss to negative interest rates. And what we're seeing across Europe. We've heard this with Jay. We kind of waiting for the Fed. The irony of course is the Fed that really started all this. Globally zero interest rates are not working. And we're hearing central banks start to make this plea that they're going to try something. New and ultimately that will inevitably push yields higher. That's very important. I want to make one point. Your point is is that when the Fed cut interest rates in July thirty first twenty five basis points for the first time in ten years they fixed the inverted yield curve and they did it two more times and who the heck knows what was going to happen from there on out. The market was getting killed that day. Because trump trump introduced those new tariffs that combination was a weird sort of situation so the point was twelve to eighteen months. That's when you get the recession on average in the post World War Bob out whatever and who knows what the market does in between the inversion and we'll wrap it up there and bringing it to number one. It's a good lesson to our viewers and listeners that just just one indicator of market making. I gotta correct something that Tim said because the Swedish Rich Bake did not say no mosque they said which means no more in Swedish. And let's now bring Tom. Reviews Co founder and head of Research Funds Strat Global Advisors. The just released your twenty twenty outlook this morning. Bullish Tom. Yeah I think. Think Twenty twenty s going to be a continuation of the kind of market. We saw this year. But it's a lot more about the fact that earnings could beat significantly on the upside. You we've got a recovery. An inventory build easing financial conditions plus detention for fiscal stimulus. All this means earnings could grow more than ten percent. The majority the guests that we've had on with their outlook's predictions are optimistic but not wildly so seven eight nine percent gains high single digits for the S. and P. Five hundred. Where exactly do you stay so I think the minimums plus ten minimum? Yeah and that's just an earnings with flat P. E. I think impeach could expand so I think total return next year will be better than ten percent so it'll look like twenty ten Tom. What what part of the sub-sectors do you think you get the most earnings inflection here whether it's again recovery from trade? Where do you think you're getting most of that? Yeah so forty. Five percent of the earnings growth should come from tech industrials energy and basic materials and and a lot of them are value sectors. Do well when PMS recover. So I think if you WANNA be cyclical overweight those and it's a lot like two thousand sixteen two thousand seventeen. So Thailand Alan cures. We talked a little bit about the bond market right and we know that the Federal Reserve is now said they're gonNA tolerate some more inflation. When does that start to erode the earnings that you're talking about about and do we have to worry about that in the first half of two thousand twenty? Yeah inflation's awhile cart because a little bit probably is embraced by markets because as you guys are saying negative rates aren't perceived as healthy but a hot inflation read price scare people because of what central banks have to do. So it's uncertain but I you know. I don't think expectations are high. And I think we won't see anything for at least the first half it's on we talk about this. We were just talking about the yield curve. Everything else right. So what about financials where pretty standard for next year. For Two thousand twenty. How is that going to be a great area to be you mentioned tech? You mentioned energy mentioned a lot of things. I don't know if I heard you say oh. Yeah I should've mentioned. It should financials because it's twenty one percent of the Russell. One thousand value index financials have really been good earnings producers in a tough environment in as the curve Stevens they can make more money either. They're on their own. So you know maybe it's consensus but I think they're going to do great next year. I WanNa make one point you know. All summer I heard you lead up to the inverted yield curve. You're like don't don't panic and I give you guys a lot of credit and I read your stuff and you guys have been dead on that but the point about the stock market next year and you're saying multiple expansion. Didn't we see a lot at that time this year year every year if you think about where. SNP earnings estimates were the start of two thousand nine hundred thousand. Where they're going to be right now? We're down twelve points points from the S&P is up twenty seven percent and it's trading at Nineteen Times. Isn't that how we just got this expansion. Isn't that anticipating what you say is probably a base case sir. Yes sir. Twenty nineteen was started off at twelve times. We exited. We're going to exit at eighteen. So it's been eas- collapsed. NPA has gone up. But you know when you start to do four estimates I think earnings estimates are going to go up in for twenty twenty and twenty twenty anyone so I think the multiple might actually contract but consensus is going to bring numbers up. So I think that's why you can still get ten percent but you could lose a point or to make a lot of people glad that prediction comes true.
Merck to buy cancer drug developer ArQule for $2.7 bln in cash
"Few things are worse than a cancer diagnosis which is why few things are better for a drug company than a strong cancer treatments pharma giant Merck today has agreed to acquire biotech firm are kewl with the drug in phase two testing for two point seven billion dollars following that announcement stock in our kewl has roughly doubled in
How Trump’s Stock Market Record Stacks Up
"So allison was a anyone's going to move the market mark. It's gotta be the president of the United States right. I mean all that power and influence and has to count for something. You'd think so. So when looking at Google trends as you happen to see a massive spike in the interest in the terms of trump and stocks the week of November six through twelve two thousand sixteen ecksteen and it just so happened to bin we following trump getting elected and along with that you see a lot of articles like seven stocks for a trump presidency wherein the riders make assumptions about which socks are going to perform. Well with trump in. The White House took a few years in picks panning out. Let's take a fairly unscientific. Look shall we please do very short on time for planning for this week's episode so go easy on me everybody all right so ice scrounged up a three articles from back in the day and did some very rough back of the envelope math to see how well do these stock prognosticators do when trying trying to figure out what trump's presidency would mean for some companies and industries so let's start with six stocks to buy when Donald Trump is president from the street. So any guesses on what some of these stocks are going to be or do you just want me to. Do you want me to tell you the stocks and you can guess if they're upper down soon ooh they would be like financial services companies and oil companies. Because they're gonNa you know trump is going to remove all these environmental protections uh-huh and things like that Yup so the street. Now I pick was apple because of something called tax repatriation which I did not have time to research idea being that if you have a bunch of money outside of the US will let you bring it back into the US and at a lower tax rate. There's a lot of companies are starting their money overseas because they don't if they bring it back to the US they'd they'd have to pay taxes. Yes I don't know why that means that Apple's stock price would go up but they picked apple for that another one geo group which is private prisons. We laugh but it's actually very sad. It's funny because it hurts hurts so much yeah again. Exxon Mobil Oil Smith and Wesson gun manufacturers which later there became American outdoor brands HDA Holdings which manages hospitals this one because apparently trump had promised that To kind of overhaul the VA system and allowing veterans to go to any hospital not just a Va hospital and then this one is just so on the nose. It's just it's it's quite funny Semtex the a Mexico based construction company a Mexican company. and Oh because we're gonNA build the wall that's how Mexico's GonNa pay for it. They provide the concrete and said this company was going to benefit Actually they're not concrete walls. That's the thing though so a lot of these were based on at this point of course nothing but campaign promises right so it's really has anything. How do you know for sure that something's GonNa come through? Do you want me to tell you how how these stocks performed or do you want me to move onto the next one and then I can tell you however next one the next one. Hey you know what not to be outdone six stocks for trump. How about seven from the Motley fool? Yes that's right. Hotly full wrote an article seven top stocks to buy with trump. Does the president so along the same lines of apple and tax repatriation This analyst said by General Electric. Aw Sorry it's easy to look back now and laugh as could be the financial services manufacturing part of it. They said tax repatriation was I. I don't know why anyway as and worked out a cheesecake factory won't because individual tax cuts are going to result in people eating out more interesting interesting kinder- Morgan Energy Energy Infrastructure Bank of America. Because of like you said Deregulation General Dynamics Defense Cell gene the biotech company because of again deregulation Possible with like a pricing drugs. Isn't that kind of thing. Yeah and then is it right to say Freeport McMoran McMoran. It's the copper mining company But this one because of trump promising one trillion dollars in infrastructure investment. All right last one. I looked at Kiplinger's best stocks for a Donald Trump Presidency Z.. Their first stock pick there was coach bags which later became tapestry The the idea here was consumer spending from tax cuts and a crackdown on counterfeit pitch Chinese goods. Exxon Mobil Energy the GEO group again for private prisons lazy boy because some people sit around and watch Fox News because trump said as one of his campaign promises that he was going to bring manufacturing back to the US and lazy boy already manufactures actress most of their stuff in the US so merck again because Healthcare Company the Drug Company because Trump would not regulate drug prices Susan Theory Smith and Wesson again for guns and then Vulcan materials the largest US producer of construction aggregates such as gravel and crushed stone so again an infrastructure picture brethren right so now. There's a lot of numbers that I could just shouting at you. But going with the street on average How'd you bought these stocks? The average return here is about twenty seven percent but that was because apple was the one that did really well Without apple all the returns would be a lot less ATA Holdings the hospital. The company that manages hospitals also did well with about ninety. Three percent. Return the Motley Defoe and looking at their pigs. Well as you know there is a couple stinkers here for digitally. Ge has done so well cheesecake factory is not done so well. Bank of America is up very twelve hundred forty six percent General Dynamics defense regulator up about thirty seven percent. If you'd gone with the Motley Fool's picks the average return was about forty percent not bad. Remember Kiplinger's again. They were coach. Exxon Mobil Geo Group. Lazy Boy The big winner here was lazy. Boy Really seventy one percent returns followed by Merck which is about sixty percent and vulcan materials about fifty percent so compare that to the SNP which is out over fifty percent since then so that makes a lot of these stop picks look even more. This is super back of the envelope. And so there's these articles did not all come out the day the same day they didn't anyway Blah Blah Blah Blah Blah. But Anyway the point is is that I have a broader counterpoint. What's your broader playwright or point is honestly this is just a reminder that no one can predict what is going to happen in the economy especially based on campaign promises? If you remember with Obama Dama he was going to make all the solar and wind stocks. Just shoot through the roof and sure enough. They did do quite well for a little while. That's right and so and so in the same way the people thought with trump well coal stocks are gonNA energy that oil does all this all this is just. It's just going to go through the roof right so I'm just saying that. Republicans equals guns for Babies and Democrats. Means solar panels for senior citizens is an over-simplification that ignores all the aspects that really matter when you're investing investing in a company like do they have good management. Do they allocate capital wisely. Do they have pricing power et Cetera et CETERA. And while you're certainly free to speculate how how anyone president may move the markets and move stocks. It's more fulfilling to invest in the world. You want to live in in not the one you think you're going to get just because of whoever ever is in power right now and that bro is what's up.
World’s first Ebola vaccine gets go-ahead and could save thousands of lives
"The European medicines agency has recommended that the world's first Ebola vaccine be approved after it was administered to hundreds of thousands of people in Africa the agency described licensing the vaccine as an important step toward ending the burden of this deadly disease Ebola vaccine was originally developed in Canada and is now marketed by Merck as V. ball more than two hundred seventy thousand people in Africa have received it as officials try to stop Congo's ongoing outbreak a second vaccine made by Johnson and Johnson which is not yet licensed will soon be used in parts of Congo where Ebola is not
Digital Economy: The digitisation of trade
"Long before the Internet international trade routes the primary channel for the global spread of information. They've long since been overtaken by international telecommunications networks that today allow packets of data to span the globe in seconds this has helped open up global markets for goods and services to the extent that individual consumers can now purchase goods from the other side of the planet it at the Click of a button. This episode of the podcast examined the impact of digitization on trade in particular. We explore how digital technology is affecting the way goods shipped around around the world. The physical process underpins the global digital economy. We also examined the impact of e commerce on global trade and the role of digitization in the growth of trade services this month. I'm joined by Martin Home Global Head of supply chain management in ECOMMERCE logistics shipping giant Merck by Jenna Brown CEO and CO founder under a supply chain data management start up ship Max by my colleague Christopher Clegg managing editor at global editorial lead for trade and globalization. I started by asking marted. What is what is the current state of digitisation in the shipping industry. I think it's fair to say that the state of digitalization the shipping industries is really is still quite low. It's not on common that the cost of processing the paperwork is higher than the cost of actually moving goods across the world at least that's that's the that's the situation the container shipping space just to give an example in connection with US designing the the trade lanes platform color years ago we gathered all data such documents emails phone calls milestone data etcetera for for a number of shipments and and one of these shipments search was quite typical shipman contain of Avocados from Kenya to the Netherlands required more than two hundred physical documents so so quite a lot of of work on that site having said this. It's also clear that did slice Asian is now taking pace there's very high amount of venture capital missile coming in similize ahead of digitalization of for instance the travel industry and other industries and there's also a lot of initiatives by the incumbents real real time rates now available instant booking confirmations thereby leading playoffs and there's a lot of work on on optimization of operations also using shing a digital tool so it's warhead if it's not been as fast as you might have expected. Why why do you think that is I think it's a learning curve and this industry is has a lot of Sullivan heavy investments traditionally in in and ships and containers and pulse and trucks and so on and and the whole digital side has just not been coming along fast enough AH Essex on Baloney this year I an association was established for actually agreeing on a data standards in the industry and it's also stuff like that that that's been missing that even if you invest you don't know what the standards are going to be. Everybody's waiting for Jolo discussing the standards and and and we haven't been moving ahead as fast as yes we probably could have four or would have expected okay so so jenny. You have a slightly different voltage point. Is that as a starting startup helping shipping companies with their documents. How would you characterize the state digitization. Would you reflect Martin's comments to you the different view yeah. I think in part I think he can break it down a bit more say. I guess we're looking at the kind of communication aspect. I think there's a lot of progress been made in Let's say transactional elements logistics so for example if he want to book a container with a major shipping line there are companies like intra and all at the other end of the spectrum if go and customers the king containers with folders so flexible twelve colnago. DB Schenker Ohio I've invested law in platforms to make that smoother but do you agree with Maltese. Not the biggest pau kind of up for grabs right now which arguably is the highest volume is those operational communications so everything involved in getting something from eight to be and this is where anecdotally when we speak to customers US freight forwarders Mesa them have tried something like using an old edi technology but it's not worked very well because there are no data each stop us so what tends to happen is it tends to end up being a very manual process with emails flying around with with documents attached and I I think that's where Phil's still a little bit stuck in the past right and Jenner your your company in fact shipper Baxter's helped companies with extracting data from from the shipping documents so so so what was the opportunity that you saw what was told you that a new way was possible and how open and receptive have you found organizations to an alternative approach. 'em Yes I mean we actually started out in in the bulk shipping sector we had developed a technology technology stocks and data and structured as from from email communications and we had kind of turned to the A freight forwarding and industry as an additional market and yeah I think we found it's been incredibly receptive because again most of the problems people have is just kind of locked of data standards on there is no way of transmitting information mation from from player wound to play a twenty five so if you can build a technology talk of the infrastructure that already exists an then and just kind of plug and play and feedback into internal systems. What's very well. Why did you think because you both mentioned the issue with standard. Why do you think there haven't been standards in so many other domains. Obviously this is a challenge for all industries to find ways to share information in standard ways but progresses be made so the reason this sector has been so far failed to establish standards. Is it for lack of effort or or too many effort. I honestly don't think it's possible because I think you look at any industry. Where the already strong data standards it is. It is a more transactional well transaction when you're looking at operational logistics. It's a messy process and you've got an industry that is wildly fragmented so you want to take an extremely messy process of wildly fragmented industry industry. We've together by humans and put into one standard. It's it. That's a very daunting task so Martin is possibly the best known shipping company in the world. What impact has digitization had on the company and how have you adapted acted as a result I think at merced purposes we all purpose as facilitating global trade believing that that trading with these other really really generates additional value and prosperity and opportunity fold so of course seeing that actually processing older the the documents and the paperwork work is is more expensive now than shipping the cargo around the world. is something that we feel. we do something about and we actually feel that there's a huge shut which unity for false company so over the last few years we really been been ramping up to take a leading role in this sure and and also to try and get as many of the other players in the in the industry to come along exactly where the data's. Dan Nuts and maybe just back to that point. I think one of the reasons is that there's a truly global industry and every transaction has lots of parties across multiple sectors and multiple countries and that's where it gets really messy and difficult to agree on on the standards and but as I said I think it's a huge opportunity. I think you can look at it. Maybe in two tracts there's one which is the the product innovation and customer experience side a cobbler the things we've done there is the the the trade lynch plaque platform that really uses blockchain to significantly -nificant improve the the information flow and reduce the cost among the many players and of course increased the the validity of the documents when Sunday information that is shared and all the examples is captioned peed on an APP. We have launched to our customers shipping refrigerated cargo actually they can sit at home home and follow the the data the timber chore the Humidity And so on of of airflow inside the container and then they can change the settings they they can change the temperature or they can change the flow more nitrogen. All you know whatever they would like to see inside the container they can change that on the APP and and actually a moments later through I o t that's those settings are changed on the container even the middle of the ocean so so those are Cobb love love of USA stories of course the other tracks and the operational efficiency that we also talked about before and maybe a couple of examples there we're using weather data data now to optimize the routing of all our ships we already more than seven hundred ships. and we always have ships that a little bit ahead of each other behind each other. We're using data from our own ships and also buying whether data from those two then optimized the routing of the ships that following and therefore of course reducing using the the fuel that we use and an increased the likelihood that we arrive on time and time at the next port and more simple example blitzer is a small law APP that we call pitched up which is really to coordinate the porch space and all the activities that need to happen within that Porch Day so so these are some of the examples that that are already in motion but but there's a huge opportunity we are not very fond this journey and there's lots and lots of of of additional opportunities both on the product innovation and costumer experience. I had an on the operational efficiency side and in order to to introduce these these kinds of digital innovations what what organizational changes have you had to undergo did musk. Let's say five ten years ago half the digital capabilities to develop these and it was just a matter of getting through the work or if you had to change the at least to some degree the nature of the company and who you hire and how you operate yeah we've definitely had to mate Changes Pete so want the laws that that we had to start hiring data scientists and digital capabilities that we simply didn't happen and truth be told the beginning was difficult to attract people with these skill sets into a relatively the seen as a conservative and rosty industry and now that we have attracted a number of them into Murska they actually find this incredibly exciting the whole opportunity of digitalising trade and and and really helping to to grow the global economy on is very exciting and actually the digital. It'll challenges and opportunities are also very big. Huge data sets lots of opportunity we have as laid us in all our latest quarterly announcements. The stock market again reiterated that we are still hiring additional. It people and specifically data scientists NPR NPR's with with digital capabilities and an older. We're looking for several thousand additional. It people to really help us on this journey going forward.
Dow extends winning streak to seventh session
"Among the gainers today financials and industrials while tech stocks and health care companies were among the laggards the Dow weekly winners caterpillar Walgreen's in Dallas for Merck McDonald's and travelers were among the Dow with. the Dow rising thirty seven points it's eight straight session of gains its longest winning streak in sixteen months the nasdaq down eighteen S. and P. five hundred
News in Brief 20 August 2019
"This is the news in brief from the united nations. The recent outbreak of fighting in southern yemen between former allies that are still locked in combat with hootie opposition forces forces in the north of the country is a clear sign that the current conflict must be brought to an end you an envoy martin griffiths said on tuesday updating the security council so in new york on his efforts to secure a peaceful end to more than four years of war. Mr griffiths insisted that the u._n. Remains committed to inclusive dialogue that resolves differences am to addressing the concerns of all yemenis including something groups that the range of us to be taken into account in any dialogue on the future of yemen and we i need all of its citizens to assist us in making sure that future is stable and secure. This is a vital importance the efforts to end the conflict perfect and to ensure the resumption of the political transition that has been interrupted by these recent years. I hope all yemeni stakeholders from all parts of the country take events in arden as a clear sign that the current the conflict must be brought and swiftly and peacefully and in a manner which addresses the needs of yemenis across the country his comments come amid clashes between southern separatists and government forces in aden. Mr griffiths welcomed the fact that a ceasefire deal in hodeida governor it had maintained the flow. If desperately needed humanitarian supplies and lead to a sustained reduction in violence intensifying clashes in the southern libyan town of merck involving air and drone strikes strikes in recent days have left at least ninety people dead and displaced thousands of terrified civilians the u._n. Said on tuesday the warning over these small oasis town follows follows local media reports that the clashes involved tribal opponents of these self-styled libyan national army of commander khalifa after which in april began on offensive on libya's capital it'll tripoli jens locker from the office for the coordination of humanitarian affairs or arch condemned the ongoing clashes casualties on all sides of the fighting have continued canoed as a result of air strikes by planes and drowns indiscriminate rocket attacks shelling and direct fighting on the ground. We know for a fact that at least six children into of them were killed. Four of them were injured in a strike that hit a house hosting internally displaced people on the eighth of august according adding to the u._n. Nine thousand four hundred and fifty people have now been displaced by the violence in and around music since the beginning of august the u._n. And humanitarian partners are responding with emergency healthcare food distribution shelter and non-food items but access remains extremely limited in music itself and finally venezuela where the u._n. Children's fund unicef has appealed for help to provide lifesaving assistance to nine hundred thousand youngsters as the country continues to face aid <hes> economic crisis more than three million children need help amid food shortages and limited access to healthcare and save water unicef said in a statement in its appeal hill for more than seventy million dollars. The agency said that vaccine preventable diseases including measles and diptheria have emerged while yellow fever and malaria are on the arise around one point three million children and adolescence need protection services while over a million are now out of school daniel johnson u._n. News.
"merck" Discussed on Lights Camera Barstool
"We're going to learn about their world and stuff. And then fast bender just shows up and drops Merck's, Merck's them all in, like the prologue to the movie. Yeah, I just think they had so much potential, and we saw none of it. But I think they are making one more, they're making a sequel to covenant. So maybe they'll finally get time to shed look so cool. Yeah. I think they look cool. I think the idea that they go, and like Sede planets is a very cool idea. I just wanted to learn more about. Them. Yeah. I feel that. Yep. That's a good one. I don't love the engineer almost because they just look like fucking idiots concept, fine by just original alien. Are you seeing for the first time they're wearing that, like, like passing? Yeah. I thought that was their like how their actual face looks they would have been a little more hailed guys. But they look like us because apparently that's where we come. Yeah. My number five the aliens from scary movie three which are modeled after alien science because they piss out of their fingers. They just they just be on their fingers. They act. One of them gets their head punched off by shovel. From Anthony Anderson, and Kevin Hart. But there's a deleted scene tweeted for that movie where dirt Nassar nasty at his character turns into the credible hulk and shows, one of the aliens up his ass. And then farts out the head, and it knocks over the other aliens and kill sick. Yeah. They finger. There's a there's a really would not age will jeered from subway scene that was deleted from scary movie three two. He comes out of the bathroom when nasty to the mile seen any pukes of subway sandwich..
"merck" Discussed on KQED Radio
"The vaccine manufacturer Merck. Many parents think of measles just a common nuisance, which makes children feel miserable and keeps them out of school for a while, but physicians today. No that needles is more than a nuisance messaging words, the number of measles, cases, and deaths. Decreased over the next two decades as the government dedicated funds for childhood immunization by nineteen Eighty-four. There was just one death related to measles, historically, low at the time a far cry from the around five hundred deaths each year attributed to measles before the vaccine was introduced, so what do you former cast members think about their show being used as evidence measles is not such a big deal actress marine McCormick played Marsha as a teen. Marcia Marcia, Marcia, she says, she found out a few months ago that an anti vaccination. Facebook group was circulating memes of her with the measles from that episode. She was furious. I think it's really wrong when people use people's images today to promote whatever they want to promote, you know, as a mother my daughter was vaccinated, and she says she got the measles as a kid before the vaccine was introduced it was nothing like the Brady bunch episode. She got really sick. Lloyd. Jay Schwartz is the son of Sherwood Schwartz Brady bunch creator who passed away in two thousand eleven that would be sorry because he believed evacuation that. Oh, kids vaccinated everyone who caught the measles in the Brady. Bunch was fine. By the next episode in most people who catch measles in twenty nineteen. We'll be fine to once they recover. But that's not always the case the virus can cause pneumonia in severe cases, brain swelling indebtedness for NPR news. I'm Gwen HOGAN in New York. The measles outbreaks across the country have raised questions about whether some adult should get revenge. Sonate it people in the nineteen sixties received an early version of the measles vaccine one made from an inactive virus, and it didn't always work. So well, a look at leave axon Asian for adults that story and more tomorrow on morning edition, ask your smart speaker to play NPR or your member station by name..
"merck" Discussed on KFI AM 640
"That's exactly what I think of when I think of, you Jason And nineteen year olds modern day hero That is. Sweet walkup thanks Country music walkup before I get to see this is just so you. It's country nineteen years old I picture you nineteen years old with some sort of. Capon according to. That. Song Oh no. I think I had a ratty goatee and it was like on the radio overnight And a flock of seagulls haircut No it wasn't. That bad I think it was I think. It was. A. High in, tight. I tight nice all right eight this is one. Thing that kind, of, surprised me I was like wait what am I reading that a pharmaceutical company is actually going to cut prices, on a few of. Its, drugs seven drugs from Merck yeah I'm Merck is joining. Novartis and Pfizer on this too so it's critical, mass of like not, raising prices not not. Price. Reductions but not raising prices okay I'll take it public shaming from President Trump on this kind of seem to put some pressure on this sector because they've been rattling the saber, about this, since the campaign, about you, know out of control. Medical costs specifically, prescription, drug costs so you know there's they're finally doing something about it when they say that Merck Merkley says it won't raise his portfolio prices on drugs higher than the inflation rate for the United States doesn't necessarily mean. The individual, drugs might come in I mean billions of dollars go into researching these things and often. They never make it to market so I is it's a risky kind of Business but at the same time we all know that that looks at least it looks like there's a bit of gal going on with these new drugs that, come out, especially in the, neighboring before, they go generic and. So looks like, one, two three four five six individual drugs for Merck are going to be price cut some of them are pretty big like the hepatitis c. drug devotee or so a lot of these but zanex is not being touched. LIPA tour, I think my grandmother uses lip tour too I think I probably will eventually have to. As well some an eye on that one Those are probably gonna have come. Down a little bit, but eventually but not in this round. At least but but they're responding to the pressure and Merck Novartis and Pfizer that's those are three huge huge drunk. Company, oh. Yeah, absolutely that's what, I was noticing is that the drugs that they listed in, this report covered everything from high blood pressure to, enlarge prostate. To glaucoma, other diseases they didn't just target say one specific disease or illness or whatever they kind of just went across the board. Right and, Novartis came out and. Said we're not gonna raise prices on anything in the US this year so they went across the board and then of course I've come back to it next year, we can remind them gently towards the end. Of this year that they, did, make, that, don't, forget what you said right exactly but but Merck says know. It's trying to play by the rules and it actually it's prices declined to last year by one, point nine percent now again that's. A median. So depends on like what drugs you keep. An eye on it depending on your independent independent health regime but overall it's a good Spots Jason. This when cracks me up last night cracks me up and made me roll my eyes and go the kinda yeah. Why, why. Am, I surprised by, this not even pet insurance apparently is safe from Wells Fargo, scandals man I I did a story on this, yesterday too. Because Wells, Fargo finally says okay we're gonna make people hold we're going to do a review and all the add on stuff humidity. Scandal started, three years ago With opening fake account, or duplicate accounts are, unnecessary accounts, things have. Basically customers did not request, these, add, on had been. Put onto so many customers we have you have mutual friends who who dropped Wells Fargo like a bad habit whenever the first scandal happened and then it just keeps rolling out the. The CFP be is going to come out the consumer financial. Protection bureau is, also going to to vet this. Process and, see..
"merck" Discussed on AM 870 The Answer
"And dino the other thing is this is an advocacy business basically every case has one winner and one loser so that the advocacy aspect of the practice of law the advocacy with respect to the parties to the litigation is such that you know you have people fighting here i mean that's the heart attack victim who's fighting merck of manufacturer being a person who rolls over in a ford because of faulty design now is massively hurt so the people don't like each other the guy who got hurt by ford does not like ford the guy who has the heart attack does not like vr extends it out like merck and then you have lawyers now that are chosen and every time the lawyer for merck says something that it was really disguise high cholesterol that caused it not something else there's more contentiousness and so the nature of this of the business to a certain extent is adversarial it still can be done with dignity has silk can be done with civility it's still can be done with integrity but at the end of the day man i want to beat them they wanna beat me i mean that's that's how it goes you you're massively involved i know in the pharmaceutical litigation that's correct all aspects of it and your first case the first case it was tried on bioethics was massively successful for for the plaintiff in that case we received a two hundred fifty three million dollar verdict on behalf of the.
"merck" Discussed on AM 870 The Answer
"And the other thing is this this is an advocacy business basically every case has one winner and went loser so that the advocacy aspect of the practice of law the advocacy with respect to the parties to the litigation is such that you know you have people fighting here i mean that's the heart attack victim who's fighting merck the manufacturer being a person who rolls over in a ford because of faulty design now is massively hurt so the people don't like each other the guy who got hurt by ford does not like forward the guy who has the heart attack does not like vr extends it out like merck and then you have lawyers now that are chosen and every time the lawyer for merck says something that it was really disguise high cholesterol that caused it not something else there's more contentiousness so the nature of this of the business to a certain extent is adversarial it still can be done with dignity and still can be done with civility it's still can be done with integrity but at the end of the day man i want to beat them they want to beat me i mean that's that's how it goes you you're massively involved i know in the pharmaceutical litigation that's all aspects of it and your first case the first case it was tried on viacom was massively successful for for the.
"merck" Discussed on Bloomberg Radio New York
"Shares of merck are higher by nearly two percent right now this comes after the results of a follow up to follow up studies having to do with advanced melanoma showing that merck's key trudeau drug demonstrated long term survival benefits here to tell us more about this and other wonders of the scientific world attending the american society of clinical oncology conference in chicago is none other than our health care reporter for stocks tatyana dara and she joins us now and i recommend you follow tatiana on twitter at tatyana dora that's d a r i double e when it comes to being on twitter tatiana tell us about the this meeting why is this this clinical oncology conference so important to companies thanks so much for having me so we have is important because we have really the biggest in the most prominent doctors and cancer in the fields of oncology attending this meeting to really stay on top of the the research and innovation in this field and this year it appeared that merck is a clear winner here because they just posted data in stage four lung cancer really patients that have no other options and the most important finding cures that their drug key chewed out was able to help patients live longer then both on chemotherapy so this study really positions the company to allow patients to avoid chemotherapy altogether and just go on k trudeau and the benefit there was from four to eight months that remarkable benefit for those patients who really don't have a lot of options so merck a winner one loser nectar therapeutics just put out a story noting that it has lost a third of its value today after a study that it put out can you tell us more about that yes exactly we tend to last time they check you was about a quarter i think that they are they lost or even more than that it's incredible investors are really punishing and nectar therapeutics here and that's because expectations were really high going into the conference this is a company that presented very promising results of its drug incumbency bristle squibb's upheaval and those results the big question for investors here has been we'll go from singapore results hold up in a.
"merck" Discussed on KBNP AM 1410
"Shares of merck are higher by nearly two percent right now this comes after the results of a follow up to follow up studies having to do with advanced melanoma showing that merck's key trudy drunk demonstrated long term survival benefits here to tell us more about this and other wonders of the scientific world attending the american society of clinical oncology conference in chicago is none other than our health care reporter for stocks tatyana dora and she joins us now and i recommend you follow tatyana on twitter at tatyana dara that's d a r i double e when it comes to being on twitter tatyana tell us about this meeting why is this this clinical oncology conference so important to companies thanks so much for having me them so we have it's important because we have really the biggest in the most prominent doctors and cancer and the fields of oncology attending this meeting to really stay on top of the the research and innovation in this field and this year it appeared that merck is a clear winner here because they just posted data in stage four lung cancer there's a really patients that have no other options and the most important finding cures their drug key chewed out was able to help patients leave longer then both on t most therapy so this study really positions the company to allow patients to avoid chemotherapy altogether and just go on k trudeau and the benefit there was from four to eight months that remarkable benefit for those patients who really don't have a lot of options so merck winner one loser nectar therapeutics you just put out a story noting that it has lost a third of its value today after a study that it put out can you tell us more about that yes exactly we send the last time i check you was about a quarter i think that they are they lost or even more than that it's incredible ballooned investors are really punishing and nectar therapeutics here and that's because explications were really high going into the conference this is a company that presented very promising results of its drug in combination with bristol squibb's upheaval and those resolve the big question for investors here has been we'll go from singapore results hold up in a.
"merck" Discussed on The Tech Guy
"No logging then then you're somewhat private but it for true privacy you might attached to that something called tore the onion router which further anonyme is is your traffic then then you that's really more of a privacy tool and you can read more about a tour at the the tour project t o r p o p r o j c t which is the tour project tore project dot org and there are browsers you can use if you wanted us tour the reason a lot of people don't use vpn's and even less towards because it does slow you down because the way toward merck's routes through multiple servers so there is a slowdown involved i use i've recommend in the past and i wouldn't hesitate to recommend it to media professionals who wanted to have more private conversations i use a piece of hardware from tiny hardware firewall dot com that has both vpn and tore that you can enable as needed hardware that because i was looking at my my acl prouder to install it and i've read all kinds of articles here's how you install seems pretty simple to do it is but but but nowhere to say how you access it if you're outside your network use ep and software on your computer to log into your internet address okay so i'm just going to the ip address personal ip address and you'll probably but you'll have to read the documentation append to your ip address colon and a number which is the co port.
"merck" Discussed on KDOW
"Shares offer add more shares you've just look at it for one men not even a minute and you will make money and we've proved yet we proved it it works so this is a great opportunity because they are gonna continue to the one percent tell the keep forcing these treasury rates up and are gonna keep drop at the start as low as they can get it just like remember when when they did qe so if anybody is missing this market you've got to be crazy so anyways a couple other starch by the way one of the shops at this summit video such thing is so exciting please join a gang try this is it's it's going to work we have merck and merck and i've been working with merck for quite a while now and g e and a do my video update on this tonight please foul my video and merck and g e it joined a gang for thirty ninety five and you just follow the what i'm doing his foul what i'm doing these two stocks are going to do traffic and you don't have to do things just my instructions right now g has already got up from about what's from seventeen dollars to about nineteen dollars and everybody thought i was crazy when i bought g as doing beautifully lew do doing butte it's already up over eleven percent eleven percent g all you have to do is follow my instructions my video what is so hard about that g e merck is going to be another winter right now is ready to start moving higher as we did with our gold stocks are gold stocks took off know how well we did our goal stocks and those are gonna start going up against a joint my gang participate in that video poglia the so easy number eight seven seven six of again the way for your call now want more information on the show go to fills gained dot com or give them a call at eight seven seven six hundred game i feel great deals gang dot com most people had been watching.
"merck" Discussed on WJR 760
"The facts a public service of healthywomen and merck ryan's fares no and all way lions radio seven sixty wjr seven sixty wjr news dick hafner dr larry nassar has again admitted that he sexually assaulted girls who came to him for treatment of injuries from gymnastics nasser was a doctor for usa gymnastics and michigan state university he appeared in eaten county court and he pleaded guilty this morning in several of the cases against him nasser will be sentenced in january the plea wraps up criminal sexual conduct charges against nassar brought by the michigan attorney general's office in eaten an ingham counties the us economy is booming here's the latest evidence the government reports that the economy picked up the pace during the third quarter of the year here's correspondent scott carr exceeding the three percent expansion had shall reported the commerce department says the economy grew at an annual pace of three point three percent from july through september the fast anand three years the numbers and second quarter growth of three point one percent despite two devastating hurricanes analysts say the economy got an especially big boost from business investment which grew by seven point three percent over the quarter but consumer spending grew at an annual pace of just two point three percent down from three point three percent in the second quarter scott carr washington stock markets have just open and the dow jones industrials and the sp are shooting up a senate committee signed off on a new tax bill on a partyline vote twelve eleven texas senator john cornyn says democrats need to present their ideas in a way that would gained republican support i don't think they should just assume that they can amendment votes what they ought to do is try to craft him in a way that way attract bipartisan support some republicans are on the fence and the gop controls the senate by a margin of fifty two to forty eight north says.
"merck" Discussed on The Ross Report
"Hello dick and merck here and i'm excited to announce the start of my new show sound of success right here on podcast one four sixty years have rubbed shoulders with sports greatness from athletes in the world of football baseball talented professional basketball golf tennis the olympics and so much more join me is i explore in depth stories from the greatest thing in the world of sport and i'll sierra fueled my own download new episodes of sounded success every thursday on the podcast one app apple podcast and podcast one dot com oh my folks listen up but bossi's is in full swing i told you about go to the red river showdown the red river shooed out the red river rivalry bottom line is my centers one and that's all that matters for my ego central mind oh no you i love my team be celebrity but anyway football seasons in full swing right sure it means there are a lot of tell dig known on all across the country you know what that means lots of barbarity lots of grilling if you've got to grill ballgame or not i can tell you this all of our products are vegan friendly gluten free and they're great in the kitchen as well as when he grew no doubt in my mind we have catch if we have mustered we have all purpose seizing this die for don't do that at wwe shot dot com wwe shot dot com and get you what you want and they do a great job protect your orders and the get into your home quickly and efficiently in safely so appreciate them wwe shot dot com or your jr today and we will thank you for that your next wedding oh yeah and if you need to certain to wear to tailgate like a sovereign her shirt.
"merck" Discussed on AM 870 The Answer
"A lot of money at you can settle a lot of cases for a billion dollars so what is it why are they so entrenched widely digging their heels in that with this kind of expense already out there you know i i've got a couple thoughts on this and i and i'm i'm sure everybody here does from here hair my thoughts i think number one they think that by spending the money the money a legal fees by causing the lawyers who represent these people who are footing the bill to mean we you know many of us work on contingent fees and we have to advance these costs because our clients can't afford to do it they can't higher wall street lawyer for thousand bucks an hour as marquette that's a real member day there are a senior later a gators in major wall street firms that now do bill either at or close to a thousand dollars and uh you know what though before we say another word i want to kill you chris seager what a wonderful company merck was you know at one time dave there was a drug that merck ad and was costing them a fortune the only people don't were needed the drug were people in africa who had no money to pay for the drug and a decision was made this was a loss leader riverblindness the river leicester riverblindness exactly and the chairman of that company mehta decisions it he doesn't care how much it costs merck these people need it we're producing it this is where they were fully sophoclean but what chris set but was very port he was a doctor a chairman at that point was a physician life vagelis yeah yeah exactly and so at it was a different approach you know the he became a physician because he wanted to help people and now he's head of this pharmaceutical company wanting to help people and so we cannot in in our excitement here to talk about some of the things that merck has done wrong you know to eliminate some of the things that they've done right in they've done a ton of stuff right the drugs that they are producing now are going to be very helpful to to.
"merck" Discussed on WGTK
"Big cause of how much she hated the government okay this is not new this is not something you can blame on president trump they want to buy stuff on president trump blame president trump's incredibly poor handling of his manufacturing council were yes they just had a fourth corporate executive who said sia we're gone from the manufacturers council enough probably will be more before the end of the show i mean especially because if somebody withdraws from your advisory council mr president you don't then within 45 minutes tweet back some kind of in salt about him his company merck charging rip off drug prices and look and that is especially true when he's one of the most prominent african american ceos in the country that's mr fraser of merck chemical in any event aside from all of this there is now an outbreak of vandalism were told there were that that that visit horrible video and i love it i think it's sickening endure of north carolina a bunch of y'all whose tearing down a confederate statue and you may say you loathe it why did you low that i thought your or in favor of getting rid of confederate monuments i'm in favor of local governments making decisions and then having those decisions respect it.
"merck" Discussed on WNYC 93.9 FM
"Com you're listening to all things considered on wnyc i'm jamie floyd at least four executives have resigned from president trump's manufacturing council in the wake of the president's tepid response on saturday to the violence that broke out during a white supremacist rally in charlottesville virginia kenneth frazier the chairman and ceo of the new jerseybased merck pharmaceuticals was the first to announce his resignation yesterday morning joining now to talk about frazier and his decision to publicly break with the president is forms reporter matthew harper matthew thank you so much for being here thanks for having me so what was your initial response when you heard that fr razer announced his resignation were you surprised having interacted with unknown um frazier for a long time it wasn't that surprising it fits with the tradition at merck which under one of the previous ceos roy vagelis have been known for being kind of a socially thoughtful four uh drug maker and it fits with ten in a lot of ways he will he's always been outspoken he's always been willing to take a stand and can freighter is also one of the country's you african american ceos of fortune 500 company so i think it it made sand as something the can would do it with a big statement i mean obviously this was a big deal and it was a big risk for him to take and now others have followed his example tell us more about him what with his reputation in the business world before now so uh can actually grew up in the inner city in philadelphia in his father with a janitor he he grew up admiring third marshall and went to harvard law school uh he told me he didn't realize until it was too late at harvard at that time was basically a factory for corporate lawyer so that hadn't been his initial intent but that's what he wanted of doing and went to a for called uh trigger biddle and while they're his first time actually in court actually being a trial lawyer with defending merck you one neck case amount of doing more and more work and.
"merck" Discussed on WCTC
"To see avenue q funny funny show at new world stages in new york city and also a pair of tickets to this coming saturday's edison food wine in beer festival first one they've ever done presented by the edison chamber of commerce it papillon he parked will give way both prices to one winner coming up in just a little bit merck ceo of course jerseybased merck ken frazier quitting the president's manufacturing jobs council at this was following the president's widely criticised response to the violence that erupted after a neo nazi rally in charlottesville that happened over the weekend that his resignation prompted an angry response from the from the president which i i'm not sure why that the president would respond this way i bought his his daughter dow would taken up residence in the white house and was sort of like his is paler if you will to keep them offer twitter i don't know why he would be now attacking people on twitter who we name this feeding can frazier to this council the this the manufacturing council and jobs and now with the guy leaves now he attacks him and blames them for everything i don't know what other twitter said now the ken frazier of merck pharma has resigned from presidents manufacturing council he will have more time to lower rip off drug prices while why did he just say that with while he was on the council i don't know our country strength stems from its diversity this is from mccann frazier our country strength stems from its diversity and the contributions made by men and women of different faiths races sexual orientations and political beliefs america's leaders must honour our fundamental values by clearly rejecting expressions.
"merck" Discussed on Mornings with Keyshawn, Jorge & LZ
"But bidders usually pretty differential monetary i've never hello now well that really is from the backyard the others in calabasas this segment of the show is brought to you by merck insurance if you like savings you'll love this california drivers save an average of six hundred and twenty eight dollars it mercury insurance find out how much you can save get a call today for mercury insurance dot com has ucla guide these rosen comments ryan how insists that kind of what the deal is a ucla where there's no cure we get down to the bottom of what he said we lacked the put out the headline does he knows of the work we read out exactly what he said blessing 100 hanno as we're going to our show your that today who do it you want to now we've got wake us up to the early light arms and better be your reputation as i let you had ordered and so it doesn't really matter what's to say what you would want to say under what has on this though what like school when you were there right how much how much how much attention did you pray how much will were did you do how much i'm all the audio has already explained to them when you go to usc when you go to ucla some of these at northwestern michigan dimic type schools michigan's and stuff like that you can of four do not go to class data they even have have got it ended up like that they will kick your ask out of school for matter lay at usc people be ready buzzer by bubba no now i got an academic probation day will get you out of school no matter how good you are if you don't take carry academia it is hard to do sports and academics at the same time because as i explained to him.