At the seam time a new report shows iowans are buying hundreds of millions of addictive pharmaceuticals. The Iowa Prescription Monitoring Program says last year alone, iowans bought 300 million pills. A 5th of those pills were vicadin and a powerful common narcotic pain kill canner he. Since it was created killer. Since it was created fewer are hopping from doctor to doctor until they get prescriptions. The program is work on expanding the data base by sharing information with more states to better track patients. Donald trump may have received the endorsement of new Jersey Governor Chris Christie last week. But Iowa Governor Terry Branstad is not ready to support any president ial candidate. At his Weekly Press Conference this morning, governor branstad said regardless of whether people agree with christies endorsement or not he respects it as a strategic timely move that helped move the spotlight off marco rubios good debate trump. I think it was brilliant move and it obviously chang
Youre looking at the cac, and the dax up as well. Lets take a look at crude before we get to merger monday or unmerger monday. The wti trading at 4 45. 63. Halliburton and baker hughes scrapping a deal, following opposition from european and u. S. Antitrust regulators. It would have combined the second and Third Largest Oil Services Company and it raised concern it would result in higher prices. Last month, the Justice Department filed a law suit to stop the deal. And as a result, halliburtons going to pay baker hughes a 3. 5 billion breakup fee. I guess you could argue both sides of this, andrew. We know events, its already happening, 7 increase in the price of oil back to h45. The industry will come back, and at that time you have a powerful anticompetitive. Potentially. But in the meantime, it obviously made a lot of sense for both companies to try to pool their resources in such a tough period. And i just wonder, you know, its a fine line to draw, depending on whos president and wh
Auto maker by globalizing models, cutting costs, boosting technology. It is unclear if he will play some role in the self driving car program. Yahoo will return cash to shareholders when it sells stake in alibaba. They will use at least half of any proceeds from the sale to fund the project. Yahoo reported Quarterly Earnings showing the Company Still struggling to deliver growth while contending with popular rivals. They will sell 148 million shares down from the originally planned 208 million. Now to the lead story of the day, apple and ibm burying their past rivalry. They will develop apps for the apple iphone and ipad tailored to work with ibm Data Analytics and cloud services. Ibm will sell apple products directly to business clients and apple in turn offers apps support. This will help them expand into the enterprise market. Helping them stay relevant in an increasingly mobile environment. Im a to bring in bloomberg west editoratlarge cory johnson and Senior Analyst from jmp secur
Murdoch is said to be willing to pay more in order to get the owner of hbo and all that stuff. People familiar with the matter say he was concerned when a number of factors, including lambs and foxs share structure and the future of cnn. Them andng spoke with a reporter jeff mccracken. He was previously a managing director at time warner investments where he worked with various operating groups, including aol, hbo, time warner, all those. We started by asking what he thinks of the proposed deal. I think this means this makes a lot of sense for fox. What he has them is a shed a core assets. For fox it makes sense because they are buying a crown jewel asset. For time warner i can see why they created a lot of values. They are pushing back on a deal at this point. You have been reporting on this from the beginning. You know how this started to come together. Give us details. It all starts with a friendly lunch in new york. Jeff bewkes gets together with jay scarry and chase drops the idea
He said he would be willing to. Ay more first brought the attention of kerry and lunch in new york. People seem concerned about number of factors, including lands for a share structure and the future of cnn. For more we spoke with Jeff Mccracken and niels akira. Previously a managing director at time warner investments, where he worked with various operating groups. Emily started by asking him what he thinks of the proposed deal. This makes a lot of sense for fox. What jeff has done over the last 10 years is shed core assets and increase value for time warner. I think of for fox it makes sense, they are purchasing a crown jewel asset area for time warner i can see why they think they have created a lot of value. Reporting oneen this from the very beginning. You know how this started to come together. It starts with a friendly lunch in new york in early june. He gets together with chase carey, who drops the idea of a big merger. Then there are three really big issues. One, what is the p