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
So the grace that he brought, even when you talk about him a week after his passing, it still brings a smile to my face. Oh, yeah. There has never been anybody like him, never. Rachel, you have a great weekend, and i will see you in a couple of days. Thank you, rachel. Look around. Take a moment. Process this. This is the United States of america. Did you know that . Sounds like a silly question, but i mean it. Im asking whether you know this is america because little by little over the last three and a half years this country has changed. Have you noticed it is not the same america we once knew . If you havent, thats part of the point. It doesnt happen all at once. But at some point you start to realize that the values of the country that you know and love have been replaced with more sinister ideals by the people in charge. And you realize those sinister ideals are designed to keep those in power in power. It is not about you or us. It is about them. And anything that goes against th
Process this. This is the United States of america. Did you know that . Sounds like a silly question, but i mean it. Im asking whether you know this is america because little by little over the last 3 1 2 years this country has changed. Have you noticed it is not the same america we once knew . If you havent, thats part of the point. Thats how a democracy starts to slip into authoritarianism. It doesnt happen all at once. But at some point you start to realize that the values of the country that you know and love have been replaced with more sinister ideals by the people in charge. And you realize those sinister ideals are designed to keep those in power, in power. It is not about you or us. It is about them. And anything that goes against those sinister ideals, no matter how central they are to the founding of this country gets tossed aside. Rules fail, norms change. Institutions begin to crumble. This isnt some futuristic dystopian novel about america. This is america in 2020. Americ
Is america because little by little over the last three and a half years this country has changed. Have you noticed it is not the same america we once knew . If you havent, thats part of the point. Thats how democracy starts to slip into authoritarianism. It doesnt happen all at once. But at some point you start to realize that the values of the country that you know and love have been replaced with more sinister ideals by the people in charge. And you realize those sinister ideals are designed to keep those in power in power. It is not about you or us. It is about them. And anything that goes against those sinister ideals, no matter how central they are to the founding of this country gets tossed aside. Rules fail, norms change, institutions begin to crumble. This isnt some futuristic dystopian novel about america. This is america in 2020. America is in crisis. Our democracy is under attack. The historic social unrest, the recession, the ever raging pandemic is bringing those sinister
He still has his job. The coronavirus is still a Public Health emergency in the United States to the tune of well north of 4. 5 million confirmed cases now. Over 154,000 americans dead. The centers for Disease Control now projecting the death toll could top more than 180,000 by the end of august. Thats according to an internal government document obtained by yahoo news. University of washington predicting 230,000 dead by election day. Several states are still fighting an intense resurgence of this virus with the sun belt hit especially hard. Trump spent the afternoon in one of those states, in fact, greeting a small about mostly unmasked crowd in tampa, florida. It was his 45th trip to florida as president. He arrived as that state set its fourth consecutive oneday record death toll from covid19. Florida is also in the midst of trying to prepare, as we said, for hurricane isaias. Trump tried to put an optimistic spin on both threats. My guess its going to be a pretty rough storm, but i