It started it. It essentially was the industry which was unpacking the biology of cells and understanding how those biology cells could be used to make new medicines, a little different from what pharma was an pharma in the past was essentially trying out medicines on animals and seeing if they work and then put them into a human being a Clinical Trial process once we understood how the genes work, once we knew how to manipulate those jeans, a whole new ability to transform what we knew about cells into medicines came into being. This was areal revolution , and about in the 70s and walked through to the 80s and then now today there are approximately a couple thousand companies, about 700 of whom are members of bio, many are private. They are now much smaller industries in the europe and in asia and actually, these Small Companies although they are tiny and they represent no more than any one of the Big Companies in terms of numbers, theyre generating about 70 70 percent of all the medi
Measure a lot of people look to to get a gauge of consumer spending. 172. 3. Ll to 166. 9 from we can get a quick check of what is happening in the u. S. Equity after coming off of the 24th record high for the s p 500 for the year. If youre looking for leadership in this market, youre not really going to find it. Consumer discretionary getting a little bit of a bop, but most of the strength is in real estate. Also seeing that play out in some of the havens. You see the tlt here. More buying there. Across the treasury curve, seeing a bit of steepening, but because buying is across the front end of the curve. Gold, interesting. A lot of bearish calls out on gold, failing to hold that 1500 level. You see it breaking below that. A lot of data out of china showing that imports not quite holding up. Interesting story on the brazilian rial, bouncing around all day. It hit a record low earlier in the day. Comments from president bolsonaro on whether they would support the rial. They have not r
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
And featuring the legendary roots crew. Questlove 572. Steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy hi, Everyone Welcome [ cheers and applause ] welcome welcome, welcome, welcome, welcome to the tonight show. This is it. You made it. [ cheers and applause ] youre here. Youre watching. Thank you very much. Hot crowd tonight. Heres what people are talking about, you guys. I saw that president obama was in greece yesterday, to meet with the greek prime minister. Yep, obama went to the birthplace of democracy to say, spoiler alert. [ laughter and applause ] thats right, obama began his final foreign trip in athens, greece. While back at the white house joe biden held his final toga party as vice president. [ laughter ] [ cheers and applause ] dads gone was like a are we the conga line . What are we doing . [ cheers and applause ] its like a pizza on the turntable. Steve yeah. Jimmy or the record, i dont know. Steve somebody playing the base. Jimmy dads gone. We did
And featuring the legendary roots crew. Questlove 572. Steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy hi, Everyone Welcome [ cheers and applause ] welcome welcome, welcome, welcome, welcome to the tonight show. This is it. You made it. [ cheers and applause ] youre here. Youre watching. Thank you very much. Hot crowd tonight. Heres what people are talking about, you guys. I saw that president obama was in greece yesterday, to meet with the greek prime minister. Yep, obama went to the birthplace of democracy to say, spoiler alert. [ laughter and applause ] thats right, obama began his final foreign trip in athens, greece. While back at the white house joe biden held his final toga party as vice president. [ laughter ] [ cheers and applause ] dads gone was like a are we the conga line . What are we doing . [ cheers and applause ] its like a pizza on the turntable. Steve yeah. Jimmy or the record, i dont know. Steve somebody playing the base. Jimmy dads gone. We did