Lets bring in michael ye and another health care analyst. Michael, first you to. Given the deals that we have seen, not just today but in the past, why do you believe a biomarine or vertex may be takeout targets down the line . Two reasons. One is if you looked at biotech valuations, theyre down 35 off the top in the last 6 to 8 months on political rhetoric that we talked about. So asset prices have come down and become a lot more attractive. The second point is that theres no change to the fact that Big Companies need commercial products and they need pipeline. Thats exactly what youre seeing. And what will those companies have that make them attractive you to or to potentially bottom . Les, we can hear you. Well get to you in a second. What makes them potential buyout candidates . Both vertex and biomerine have real revenue. Theyre out there right now plus pipelines. You get both of those with that. And so both of these companies have asset value to acquirers. You know, les, when you
Stronger, the market couldnt care less about the results. Thats what happened when the dollar rallied yet again and the dollar started off strong. Then gave up most of the gains. It reversed hard in the afternoon. Down to just 9 points. Nasdaq declining. 18 . Sell, sell, sell. I know that these two trends shouldnt be so powerful. Oil, dollar, oil, dollar. This morning about an hour and a half after i woke up. I read a tweet asking people what they think is the main driver of the market. They do a terrific poll each morning. It is part of the Worldwide Exchange and i love it. I plug in these. Sarah read them on air and her coanchor took issue with my focus and said the fed had to be in the mix right up top. I came back and tweeted. I am not dismissing the fed. Just no fed index available each hour to tradeoff of. Tomorrow we get the labor departments nonfarm pay roll number and thats the one the fed takes its cue from. This is so important that i think it can transcend it with the dolla
This live shot approach in the bay bridge toll plaza. We are going to have pretty chilly conditions. 40 degrees in oakland and upper 30s in san jose. Below freezing in santa rosa at 30 degrees. A chance of rain will be for tomorrow. I will talk more about this coming up. Developing news this Drought Conditions are getting worse. The state has taken an alarming step its cutting off water to contractors which serve 25 Million People and 750 thousand acres of farmland. So, californians who have been unaffected by what some consider the states worst drought in modern history may soon feel the pain. Kron4s jr stone looks at the impact this move will have. We talk so much about this a drought and i want to put fridays announcement in laymans terms. One of the big impacts will be on the farmers. Were talking about 750,000 a. Milk, beef, and fruit are just some of the things that are produced. Theres also an impact on the bay pacifically Santa Clara Valley and Alameda County water district. Fo
(DONIPHAN COUNTY, Ks.) Tuesday, November 7, 2023 marked the General Election day for Doniphan County, Kansas and the unofficial election results are in.