Answering questions today for the first time regarding that massive price hike for the epipen. Its a device needed by people in case they suffer a severe allergic reaction. Surely you must understand the outrage somebody i talked to last night said people are outraged because it seems outrageous. This is the same product it was in 2009 but yet the price has gone up 300 or 400 fold. No one is more frustrated than me. But youre the one raising the price. How can you be frustrated. Theres a list price of 608. I laid out there are four or five hands that the product touches and companies that it goes through before it ever gets to that patient at the counter. No one everybody should be frustrated. I am hoping this is an influx point for this country. Our health care is in a crisis. Its no different than the Mortgage Financial crisis back in 2007. This bubble is going to burst. Im committed to drive change because the leaders and senators, ive called all of them. I want to have a facetoface
Still firmly in the red. We begin with what this 130 billion chemical bid will mean for the markets and the sector as a whole. The ceos of dow chemical and dupont are coming up. Iae expects the blunt to be worse next year. And trouble brewing for shippers this Holiday Season as higher than expected online ordering volumes causing some delays. But first up, dupont and dow chemical agreeing to merge. The combined company will be called dow dupont. It plans a threeway breakup. Well have that interview with liveris and ed breen in just a few moments. Well get your thoughts as details are coming in. An enormous deal that weve talked about for a number of days and seen the marketplace adjust to a certain extent. You may see dupont shares down a bit. Maybe an expectation that Exchange Rate would have been a bit higher. I dont know that was widely held but perhaps thats why dupont is down a bit today. Both stocks up dramatically on wednesday. That was the first trading day if i recall the week