Street today. Two major retail names are getting together. It was endo that ended up being the biggest acquirer. With an agreement to buy par pharmaceuticals. The deal will make Endo International an even bigger player in the fast changing and fast consolidating generic drug sector. Shares of endofell more than 5 . Bertha coombs has more on the deal. Repor drug makers that produce generic drugs are attracting big bucks. Endopaying 8 billion for par pharmaceutical 13e6kly in generics this will position us as a top generics player in the u. S. Endos shares fell some analysts citing costs, par pharma was taken for just 2 billion in 2012. Pfizer recently bought hospira for 16 billion, while teva has been 40 billion dollar for mylon, which is 40 billion for perilow. Its a nice environment to do m a. Companies are looking to fill their pipelines of products. New specialty drugs can command high prices some generic drug prices have skyrocketed. Govern data shows prices for generic cholesterol
To order thank you everyone fewer patience i was waiting for a full house roll call please. Commissioner makras commissioner cohen commissioner bridges commissioner driscoll commissioner melberger commissioner paskinjordan mr. Stansburg would you state your name is present. Thank you. Please join me in the pledge of allegiance and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Item number one is Public Comment i have a lot of cards for item number 4 those of you who are here for item 4 which will be heard in just a minute speak pertaining to the item this is items not on the agenda for today do we have any speakers . Im sorry for im having trouble our microphone is not working well. Number one is. For items not on the claurd if youre here for item number 4 that will be up in a few minutes we were told we could. We can talk about anything we want to talk about so Public Comment well talk about the hedge funds or anything else. I
After lunch it becomes a steady rain. Temperatures will increase to 50 degrees. Overnight the temperature will fall and overnight we start to see the snowfall come. Heres a quick look at the map. More details coming up. Its going to be a lot. Good morning. Good morning to all of you. If youll be heading out in the next ten minutes, youre looking at a smooth commute as you travel on the inner and outer loop of the beltway. No major issues to report. In virginia traveling from the beltway to manassas on the way to fairfax, no issues there. A live look outsideshows volume is starting to build but no major issues this morning. Everything is looking really good. For my metro riders, those of you on the bus and trains, no problems. All the trains and buses running on schedule. Back to you. A suspect is in custody for a number of shootings if our region. The fbi says that suspect is responsible for a shooting at the icc on the icc and near the nsa. Now were learning possibly more. Nikki burdi
Down. Michael jacksons concert promoter was found not negligent in the case of the stars death. At least eight people are dead after a bus crash on a tennessee highway. The crash happened about 20 miles northeast of knoxville. Three vehicles were involved including a church bus. And those are the headlines at this hour. Real money with ali velshi is next on al jazeera america. Shut out by the shut down. Parents who depend on federal funding are feeling the pain. Whos on track to be the worlds biggest gin producer. Its not saudi arabia. A case involving the f word but not one youre thinking of. Im ali velshi. This is real money. This is real money youre the most important part of the show so join our live conversation for the next half hour by using the hash tag aj real money on twitter. Its day two of the government shut down. Congress has bigger fish to fry in the coming days. It needs to pass legislation before october 17th after which the treasury says it cant pay the governments bi
Real money on twitter. Its day two of the government shut down. Congress has bigger fish to fry in the coming days. It needs to pass legislation before october 17th after which the treasury says it cant pay the governments bill. The legal debt limit is 16. 7 trillions. The treasury already hit that money in may but has been using extraordinary measures to keep paying the bill. October 17th is really, according to trerb try secretary, the end of the line. Democrat want to raise the limit. Republicans in the house propose year. That is a very interesting proposal. A lot of strings which taken list. I will give it to you. Heres what the republicans want. Delay implementing obama care for one year. Sign off on the excel pipeline to bring more oil in from canada. Allow more offshore the oil drilling. Allow more on travelly protected land. Reform the federal Employee Retirement program. Overhaul reform and reign in the Consumer Protection bureau was createed in the wake of the financial cris