Markets and the feds and beyond. Lets get to andrew with breaking news on valeant. Another turn, the drug maker says its ending its relationship due to the Specialty Pharmacy business practices. The company saying it has lost confidence in the ability to operate in a manner acceptable to valeant. In response it said it would shutdown operations as soon as possible. Cvs health care also dropped them. Cvs saying it will no longer use services after an audit found evidence of noncompliance. Now valeant has been facing a lot of pressure and is facing federal scrutiny as well on the drug pricing and distribution policies so this is a big issue. Also activist investor and one of the largest shareholders expected to hold a Conference Call discussing his firms investment in valeant. Philidor represented somewhere between 5 and 10 depending on whose math you were doing for valeant. This will be a direct hit on the company but does seem to be suggesting they take some steps. Another story, one o
Supplies of public goods and services. This will ensure that we will adjust without weakening momentum and will underpin with greater quality. Olivia in the past, premier li has said that lower growth is tolerable as long as jobs are created. The u. S. Ambassador in south korea is recovering after being slashed in the face by a north korean sympathizer. There was blood on his face and hands and he needed 80 stitches. Authorities say the wounds are not lifethreatening. Authorities say the man also once attacked the japanese ambassador. Hillary clinton is trying to end the controversy over emails she wrote will secretary of state. She tweeted late last night that she wants the public to see her emails and she is urging the state department to release them. She has been criticized for using private email to discuss state department business. Abvii has won the battle and will buy the company for 21 billion. Johnson johnson had been on the virgin of buying pharmacycl ics before abbvie toppe
Rail. According to the report this is just the going with shut downs around daly city, san leandro and bay fair stations in the near future for repair work. Bart is at a crossroads. The system is old and needs an overhaul. Are people telling pay for it . A figure is 4. 8 billion. That is how were they estimate is needed to overhaul the system. The question is going to be who is going to pay for it . Rain this week could be providing welcome moisture but it is nowhere near enough to put a dent in the california drought. The rain was falling in the east bay yesterday at the same time that Governor Brown was defending mandatory water restrictions for california. On abc this week brown said the drought called for drastic action and 25 percent reduction. 80 percent of the water goes toal and farmers are largely escaping the new restrictions which brown defended. If you do not want to it off and hundreds of throughs would be dismissed. The governor said the Drought Conditions at this level w
Viewed the damp from the drought from the air and at a local farm on the ground. And pledged more than 200 Million Dollars to help farmer struggling with the worst drought in state history. He says the entire country is dependent on california for food product that is we all eat every day. 0california is our biggest economy and agriculture producer so what happens here matters to every working american. Right down to the cost of food that you put open your table. The president also held round table discussion with farmers and visited a farm in Merced County where the land will go unplanted this career because there is not enough water. State estimates 25 of farm land will not be used because of this drought. It is certainly affecting californians in different way. Imagine your local reservoir is at capacity but you still face mandatory water restrictions. 7 nuts reporteder lillian kim in calistoga to explain why. Reporter in calistoga the days of the week take on whole new meaning. Sta
All of us here, thanks for joining us all of us tonight. Byebye. Well see you tonight, Breaking News. Dangerous storms as millions head home from the Holiday Weekend. New tornadoes, as the watch moves north, targeting cities. Chicago on alert. After more than 200 reported tornadoes in a week. Heavy rain, giant hail and the flood threat from rising rivers. Also breaking tonight, the growing everest disaster. A Second American Climber has died after reaching the summit. 11 people lost this season. Is the crowding on the path to the summit putting climbers at risk . Deadly shark attack. The desperate attempt to save a swimmer attacked off a resort beach in hawaii. The victim recently retired. A father and grandfather. His wife on the beach witnessing it all. Testing trump. The president s historic visit to japan. Full of spectacle and controversy. Parting ways with his host and his own advisers, praising north Koreas Kim Jongun while bashing 2020 rival joe biden. Plus, some of the rescue