So interesting is they had to take this 6 billion writedown based on the business you could describe as something that people dont often associated with the company, and that is Building Nuclear reactors. Actually in the u. S. , across the southern United States, power plants have been beset by problems, not finishing on time, a sort of contractor sort of not well equipped to carry out the building of this. It has really hurt the company. It lost 7 billion of its market cap before this was announced. It is a company in trouble right now. Oliver was this specifically a bad bet by toshiba come are they suffering from that kind of sea change in the industry of Nuclear Power, which is slowing . Megan they went with an outside Contractor Building this that did not have a lot of experience in that area, and that hurt them in getting this done and meeting deadlines. This move into Nuclear Power was 20082009 when the u. S. Government was offering incentives for this. Since then we have had a s
Can a ceo do the job . Megan what it is talking about is he is facing a different set of challenges. He is facing a state department that was upended. He was cut out of the loop on a travel ban for people from seven predominantly muslim countries. It is an unprecedented situation. So while he is bringing in ceo management techniques, his reception has been quite as positive. Him hi the challenge is not what we would expect it. The challenge is getting traction in the administration for a type of leadership style and development of americans foreignpolicy. He is still building out his own structure and face time within the administration. Oliver lets move to companies and industries. In the realm of health care and drug prices, you look at one part of it, the middleman. Megan a littleknown aspect of how our drug system works, and something that is under tremendous scrutiny with the price rises we have seen for certain drugs, and politicians looking at this practice. These are companies
Can a ceo do the job . Megan what it is talking about is he is facing a different set of challenges. He is facing a state department that was upended. He was cut out of the loop on a travel ban for people from seven predominantly muslim countries. It is an unprecedented situation. So while he is bringing in ceo management techniques, his reception has been quite as positive. Him hi the challenge is not what we would expect it. The challenge is getting traction in the administration for a type of leadership style and development of americans foreignpolicy. He is still building out his own structure and face time within the administration. Oliver lets move to companies and industries. In the realm of health care and drug prices, you look at one part of it, the middleman. Megan a littleknown aspect of how our drug system works, and something that is under tremendous scrutiny with the price rises we have seen for certain drugs, and politicians looking at this practice. These are companies
Megan what it is talking about is he is facing a different set of challenges. He is facing a state department that was upended. He was cut out of the loop on a travel ban for people from seven predominantly muslim countries. It is an unprecedented situation. So while he is bringing in ceo management techniques, his reception in foggy bottom has been quite positive. The challenge is not what we would expect it. The challenge is getting traction in the administration for a type of leadership style and development of americas foreignpolicy. He is still building out his own structure and face time within the administration. Oliver lets move to companies and industries. In the realm of health care and drug prices, you look at one part of it, the middleman. Megan a littleknown aspect of how our drug system works, and something that is under tremendous scrutiny with the price rises we have seen for certain drugs, and politicians donald trump on down kind of looking at this practice. These are
First, snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 26. It closed at 24. 48. The maker of the disappearing photo app ended a long tech ipo drought. We caught up with Bloomberg Ipo reporter alex barinka and sarah frier. If you think about the range, a typical ipo you like to see 20 to 30 . This one will have more buzz baked in. Twitter was 70 percent plus on day one. Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. There was not a lot of swinging going on. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the return for investors. If you look at the ipo scoreboard, facebook now almost triple its ipo value. Twitter, down 10 , now down 65 . It is worth remembering that what happens on the first day of an ipo is not always remain. Talk us through the managing expectations. The roads