Gilead. We will have the instant analysis. We are 26 hours away from the start of the cnbcs coverage of the gop president ial debate. Steve forbes and todd butch holds are here to tell what you say they want to hear from the candidates and predict who they think will come out on stop. We begin with ibm under investigation by the sec they have dis pleased. Bob pisani has the latest as the shares are falling. Well, obviously investors are taking this a little ease seriously. Ibm down 3. 6 . It dropped 2 on this news and their investigation on revenue recognition issues at the sec, ibm says they are cooperating with them. They are investigating how they account for certain revenues that they get from transactions in the u. S. , in the u. K. And irela ireland. You would think does that sound that serious . I think the issue here is that revenue recognition is sort in the Software Services particularly is sort of the heart of their growth that theyre having and anything that interrupts that
It is Election Night in america. Much of america. In new jersey, Chris Christie reelected to a second term as governor. We are awaiting a victory speech from governor christie. Likely within this hour. In virginia, nbc news project, democratic Terry Mcauliffe pulled off a narrow victory. Defeated, Ken Cuccinelli, with 96 of the vote in. Mcauliffe, has 47 . And libertarian candidate, has 7 . Nbc news also projects that Democrat Ralph Northam is winner of the lieutenantgovernor race. Political director, chuck todd is at the headquarters in tysons corner, virginia. Chuck, how did this race find its way to a Terry Mcauliffe victory and rather narrow one . Well, a rather narrow one. I think we can be reminded. Virginia is virginia. A swing state for a reason. This is as virginia goes. So goes the nation. Its ben that wen that way for decade. When you look at the last two weeks. You can on one hand, look at the result tonight. And say the minute, Ken Cuccinelli was nominated. He was going to
Screenplay about the last three weeks and say it was about a president ial administration, i doubt anyone would buy it, theyd say its just not realistic. Yeah, got to work this back, workshop this a little bit, make it a little more nuanced. Make it more like something that would really happen in a president ial administration, wow, it is wild. Thank you very much, my friend. Thanks, joy. Thanks. Okay. Take care. Thank you, rachel. I am joy reid in for lawrence odonnell. Donald Trumps National security adviser is accused of lying to the Vice President about his conversations with russia. Tonight, theres breaking news from the Washington Post which claims that the white house was warned about general flynn and a republican congressman thinks flynn should be fired. Michael flynns future in question. The Washington Post reported that flynn discussed sanctions with the Russian Ambassador weeks before President Trumps inauguration. Are you saying youre satisfied that he did not have those c
based on the track record of that and everything else that s come out of this administrationr breath that they ll do anything about holding those accountable for the origins of covid-19 either. ben wen okay. but if we did discover, if there was ed that showed this criers came from the lab whether it was intentional or not, whether the communist chinese party resulting in the deaths of 3.5 million people around the world, what action should be taken in how can we hold china accountable? at the very least, we should be sending a bill to china for the sheer cost of trillions and trillions of dollars that this, that this country has incurred due to this pandemic. but on top of that, we have to o do the very basic things that we ve been talking about doing for a long time, and that s disentangling our economy with the greatest existential net we face in america today threat we face in america today, china.
San Diego-based Neomorph, a company focused on novel drug development for hard-to-treat diseases, has raised $109 million in a Series A round.
The round was led by Deerfield Management Co., who also participated in the company s seed round. Founded in 2020, the company recently opened a research facility in Sorrento Mesa.
Neomorph’s founders are responsible for several fundamental scientific developments in the “molecular glue” field. Molecular glues are types of molecules that encourage proteins to come together that normally would not interact. We believe there continues to be a significant opportunity in protein degradation, in particular as it relates to the glue space, said Cameron Wheeler, partner at Deerfield Management. Neomorph is in an exceptional position and couldn t have a more seasoned and knowledgeable team in place to interrogate and advance drug targets. The company s success could potentially lead to life-altering therapies.