it s your wife s diabetes when it s your own cancer the answer is anything but that s the wrong question the question we should be asking is what is the right amount of money that drug companies should make on these drugs. pharmaceutical companies are under unprecedented attack us president donald trump has repeatedly criticized the drug makers for charging more in the u.s. than in any other country the cost of medicine in this country is outrageous. to bring prices down he wants pharma companies to include the list price of drugs and t.v. ads the idea companies will think twice if they have to advertise their medicine at extremely high prices reuters reports the trump is also considering an executive order that would cut prices on virtually all subscription drugs makers say lower prices could innovative research but opponents question this wherever the truth lies it appears that things are coming to a head. and let s go to our financial correspondent in new york jose luis de haro
let s go over to new york now and talk to our financial correspondent jose luis de haro who s a g.e. has been struggling lately in europe what s going on there well general electric is still struggling with power would be she knew we d lost nearly 1000000000 dollars last year were we to make. systems for gas and coal fired power plants for actually 71 percent launch in the 1st quarter profit do you older as a business area has seen its margin levels dropped and for said to turn around the business are taking way longer than many had expected and potentially lucrative chinese market it s not giving ged opportunities for growth that the company has expected to see something that could explain the d.s. is china s a rising determination to replays imports from g.e.
considering plans to cut more than a 1000 jobs and friends of us despite the french government repeatedly urging the u.s. engineering firm not to do so proposals would see most of the cuts made it g. s power equipment business for in the east of the country earlier this year g.e. was fined by the government france for failing to meet a promise to create a 1000 jobs after the choir the french firm al stone s power business and 2015. let s go over to new york now and talk to our financial correspondent jose luis de haro who s a g.e. has been struggling lately in europe what s going on there well general electric is still struggling and we have to be she knew we lost nearly 1000000000 dollars last year were we make. systems for gas and coal fired power plants for actually 71 percent launch in the 1st quarter profit do you
compensation. and let s talk now with our financial correspondent in new york jose luis de haro who is in the f.a.a. is now saying late june is the earliest the 737 max could be recertified what does that mean for boeing well of the deal for a boy will keep growing and i mean that to $1000000000.00 taken inside the 1st quarter to deal with these matters that are going to fall short some analysts at a cost of around $5000000000.00 because not only this is hurting the company internally in terms of a slowdown in production delays or any order of cancellations it s also affecting airlines around the world which are already claiming a boeing 2 food bill are quoting designs to make that industry over $44000000.00 for every day that $737.00 max is a ground it does is a model for many airlines especially the ones that depend on these model to renew its current fleet. already for compensation they have done china say 3 biggest
this month. the united states has temporarily eased the ban on selling technology to chinese tech giant weiwei washington is delaying the band by 90 days the u.s. claims the world s leading maker of mobile network equipment is a security risk and has called on european allies to exclude while weighs equipment from their next generation wireless 5 g. networks the company s founder has downplayed downplayed the restrictions saying walk away has supplied back ups if it loses access to u.s. components. and let s talk to our financial correspondent in new york jose luis de haro who is it markets responded positively to this delay but it doesn t quite reverse the u.s. decision against huawei does it. it isn t the stephenie does not change your march but it buys time especially for you as a company to make all the arrangements and time is also key for investors who are still considered decision leaves the door open for some kind of negotiation as i go