A cash spinoff his criticisms of bitcoin like the high transaction costs and amount of time it takes to complete them came as a shock to many and those surprising comments come on the heels of more bad news for crypto currency with one Major Exchange in south korea shutting down and filing for bankruptcy after suffering its second cyber attack in eight months the appian which operates the seoul based you but exchange ceased trading on tuesday in a statement said the latest hack caused the company to lose seventeen percent of its total assets but didnt specify the financial value of its losses. And in the latest round of merger news were seeing big moves in the food and Health Care Industries the new jersey based Campbell Soup is spending four point eight seven billion dollars to North Carolina based snyders lens is known for its healthy snacks like spiders of hanover kettle brand and pop secret all. Which will become part of campbells division that makes Pepperidge Farm and goldfish sn
All of which will become part of campbells division that makes Pepperidge Farm and goldfish snacks meanwhile Hershey Foods located in pennsylvania is buying amplify snack brand of texas for one point six billion dollars amplify makes skinny pop and other non chocolate snacks at her she is hoping to integrate into its businesses but still the major changes in the Food Industry have not been able to outshine the mergers in health care at least not yet not long after we learned that c. V. S. Is buying aetna humana and two private equity firms announced their purchase of kinda health care for four point one billion dollars the deal mainly impacts kindred at home which employs forty thousand caregivers who serve nearly one hundred thirty patients per day. Thank. You after disney announced its plan to acquire parts of twenty First Century fox question. About everything from competition to cable bundles quickly popped up but there are just as many if not more about the future of Sports Broadc
This is boom bust broadcasting around the world from washington d. C. And beyond coming up disneys purchase of twenty First Century fox could mean more than just antitrust and cable bundle headaches in fact it could mean big changes Global Sports programming well talk to the aftermath of about that plus can we expect a jump in gold prices next year peter schiff of europes effect capital and gold will tell us what we can see now lets get to todays top business and financial headlines. Point might be hovering around seven hundred thousand dollars there are still plenty of critics that say its way too risky to get involved in and you can now include one of bitcoin dot coms founders on that side of the spectrum and the oldenburg c. T. O. And cofounder of the site recently said in an interview with break it investment in bitcoin right now i would say is the most risky investment you can make it is an extremely high risk he added ive actually sold all my bitcoins recently and switched to bit
Taxes. Big tax cuts. The biggest tax cuts in the history of our nation. Were fighting for tax reform as part of that we are getting close to healthcare. We will come up in the early to mid part of next year. Were going to have a vote. I think we already have the votes. We feel confident we have the votes. We have the same agenda. We have been friends and acquaintances for a long time. We talk frequently. We dont give you a read out every time we have a conversation. But frequently we talk on the weekend about the issues that are before us. Legislatively, obviously, the top priority is tax reduction. And i think what the president and i both would like to say to you today, contrary to what some of you may have reported, we are together totally on this agenda to move america forward. I really believe that we have a very good chance. Im sure mitch feels the same way, of getting the taxes done. Martha fascinating, right . Counselor to the president Kellyanne Conway here in a moment. First,