This is nightly Business Report with Tyler Mathisen and sue herera. Risk assessment. A rare event. The oracle speaks. The big mistake Warren Buffett said some investors like you may be making. Hot topic. Ab old drug gets a new price tag to treat a rare and debilitating condition. That and more tonight on nightly Business Report. Welcome. Gains were small today. Minuscule really. But they were good enough to lift the s p 500 and nasdaq composite to alltime closing highs. Investors seemingly concluded the market had dodged yet another risk. Namely, that france might elect a far right opponent of the European Union and the euro currency. The french for now voted for a moderate and the status quo. And that was enough to let investors globally focus not on european vote counts, but on the improving health of Europe Economy and stock market which has been climbing. We begin with two reports. Bob pisani takes a look at the markets. But first, Michelle Carusocabrera in paris. Reporter last nig
We know the final results from the testing. There was some flawed testing in d. C. That resulted in some false negatives. We now know the final results. Three people who were told they did not have the zika virus, in fact, did. One pregnant woman, one nonpregnant woman, and one man. 26 other people, their tests came back inconclusive. The majority of those tests, 394, were negative. Here they have corrected the problems that led to those test results. They expect to be doing tests again in the very near future. Experts say zika is still a threat and that if theres an outbreak of the disease in the u. S. This summer, it would come at a high cost. A new study from Johns Hopkins said it could result in 183 million in lost productivity. If the outbreak is more severe, the cost could jump to 1. 2 billion or more. The man who was found guilty then cleared in the death of chandra levy has been deported to el salvador. Ingmar guandique is a member of the ms13 gang, in jail on several convictio
The white house as the first and Third Largest economies had try to forge a new economic relationship. Oil rush. Prices have more than doubled in a year. What happens snex a little less clear. This is friday, february 10. Good evening, everyone. Im sue herera. Tyler mathisen is off tonight. Investors owned a high note. The three major averages push further into record territory. The climb started yesterday with talk of tax cuts and continued today when President Trump mentioned Infrastructure Investment during a visit with the japanese Prime Minister. The Dow Jones Industrial average added 96 points to 22269. The nasdaq added 18 and the s p 500 was up 8. For the week, stocks were higher across the board. And as Morgan Brennan reports, the focus is squarely on washington. The trump reflation trade is alive and well. That is investors are betting Donald Trumps policy theres lift inflation and growth. It was after a meeting between the president and the japanese president shinzo abe. That
This is nightly Business Report. Funded by all it takes is one farc, the courage to seek the unknown, innovate, disrupt, move us all forward, explore a different perspective. At nasdaq, we connect the world. Its ideas much its capital. Its businesses. The people that drive global economy. Future isnt tomorrow tshgsz right now. All it takes is a spark. Nasdaq. New priorities. President trump wants more money for defense and less for other departments and programs. As he tries to reshape the federal government. Political heat, why health cares middle men are at the center of the debate of drug prices. Paying you back. Can your dividend stocks thrive as Interest Rates rise . Those stories and more tonight on nightly Business Report for thursday, march 16th. Good evening, everyone. Welcome. President trump released a more thanned 1dz trillion budget blueprint today. The proposal reflects the administrations stroigs remake the federal government. It includes a 54 billion increase in defense
Cli clinic reported that price increases added 8. 6 million to its budget. And isoprell and gneiss nitropress are both heart medications, am i correct in that . Correct. Given the choice between paying higher prices and risking the lives of their patients, most hospitals choose to knuckle under and pay the press, am i correct in that . I assume that is correct, yes. So by raising the price of these medications exponentially, you are forcing hospitals to make that decision between their budgets and essentially their patients lives and wellbeing almost like holding a hospitals own patients as hostages against them. Of course valiant was not the First Company to raise prices. Valiant actually bought isoprell and nitropress from a Company Called Marathon Pharmaceuticals, correct . Correct. And Marathon Pharmaceuticals acquired the drugs in 2013 another manufacturer. Marathon also raised prices in the two years it owned isoprell and nitropress by about 400 averag each. Marathons price incre