And im brian sullivan. Just three hours left in your trading week. Stocks are moving off their session lows, still we are in the red today. Dow down 65 points. The nasdaq and s p 500 also making slight losses. The biggest dow winner this week, the swoosh, nike up more than 4 . The biggest decliner, mcdonalds down 3 . Mcds now down nearly 8 over just the past 90 days, melissa. Brian, im melissa lee, heres what else is happening at this hour. Amtrak naming new ceo, previously served as chairman and ceo of norfolk southern. Crude oil pulling back slightly but still sitting in a bull market. Its up about 85 from this years lows. And team usa continues to dominate at the rio games with 100 medals in total. 35 of them are in fact gold. Weve got lots to get to today, but we kick things off with a developing story in the pharma world. Shares of mylon labs as the Company Increases the price of epipen drug fivefold. Bring in david from wells fargo. Thank you for being with us. Thank you. Weve seen get into hot water because of eye popping price increases. One could argue this is almost worse because theres really not a classroom in america that doesnt have at least one child armed with an epipen in his or her backpack. Well, there are two sides to every story, but youre right. The side that seems to be most logical here if you look at it, you have a patent, you have a product that kids need to save their lives or potentially save their lives. And you have a company thats raising price 15 a year, 15 twice a year without any end in sight. Is there a justification, david, for this . So their argument would be, at least ive seen in the press, they havent responded to our questions, but in the press theyve said, well, look, weve invested a lot in this. We had to institute a whole program getting it into school so the safety of kids. In addition we give a lot of it away for free. The other half would say, well, youre doing that to embed yourself for your future customers. You know, david, if theyd been doing this, mylan has been doing this as you say 15 twice a year over a long period of time, why is it just now becoming noticeable . Well, there are two things. One is, at some point a small pile of rocks becomes a big pile of rocks and the price increases just pile up enough and you say, well, enoughs enough. The other though is a lot of people are seeing their deductibles go up. So their out of pocket expenses are getting higher and higher each year. So theyre feeling it even more. David, were seeing the stock react today to this controversy. Its down about 2 . At the same time a lot of analysts like yourselves have been pointing out that this actually masks some weakness in mylans generic business. They have an increase in the price of epipen in order to offset some weaknesses elsewhere. How much of that is true . And if they are forced to dial back some of these price increases, what could that mean for the stock . So others have said that. We havent had a chance to talk to the company about that exact dynamic. I think theres some evidence maybe for that. There may be other arguments against it. For example, last year pricing an epipen with a headwind to them. But when you give a lot when you raise price a lot but youre giving a lot of that back as a rebate, you might not be seeing the benefit in your sales or directly, but it is keeping you on form laeweyewe formularie. Mostly when you have senators tweeting about you and its not happy birthday, thats the kind of scrutiny you dont want. Changed over the time to better weve made a significant investment to support the device over the past years. How much of that sounds true to you . How much of that sounds lochtelike . Well, to me it sounds like its true that they have done a lot to, for the product. And to get it into patients hands and to give away a lot of product. But when you see these types of price increases for a product thats so cheap to make, you really have to wonder what the motivation and here is the product. It looks like this if you havent seen it. Probably youve seen nit a classroom. A lot of people have it. So have the features in fact changed to warrant a four or fivefold increase in price . I dont know, you open it up and inject it into your leg. Doesnt seem like Rocket Science change to me. How much, david, mylan, this news, whatever, how much of these price hikes for a lot of the companies are because the United States in many ways continues to subsidize the rest of the world . We are paying for lower cost drugs and devices nearly everywhere else. Well, you bring up a great point. We should really look to the fda on this. This is a product already off patent. And there have been companies that are trying to get a generic on the market whove been pushed back over and over again. Do we have an fda thats really working for us . Or is it working for some of the companies . So we could see that teva approval, talking about teva in generic form. It could come in 2017 though. Thats what i think could happen. In addition, i think there should be more scrutiny on what this process has been. Why has it taken so long . And maybe shine some light on what the interaction has been among all the players and why it hasnt happened yet . Yeah, a lot of good questions. David, thank you so much for joining us. David maris of wells fargo. We have breaking news meantime on zika. And meg tirrell has that story. Meg. Tyler, the Florida Governor rick scott is confirming that theres active zika transmission in a second area of florida. This is in a 1. 5mile area of miami beach from about eighth street to 28th street. You can see it there. This is the second area of florida where we are seeing local transmission by local mosquitos of zika. The other is that area of wynwood. Now, we know there are five locally transmitted zika cases there in miami beach. That adds to 36 total seen in florida. Rick scott just wrapping up that press conference about this now. He did comment on potential impacts to tourism. Listen to this. Tourism is a driving force of our economy. And this industry has a full support of our state in the fight against the zika virus. Yesterday i directed the department of business and professional relations to work closely with hotels, attractions and restaurants in Miamidade County to connect them with the resources for zika prevention and education. So the question now becomes will there be another travel advisory to that area of miami beach . Of course the cdc issued that travel guidance involving pregnant women not to travel to that area of wynwood, a historic travel guidance within the continental United States. So we expect to hear probably from the cdc, guys. All right. Meg, meg tirrell, thank you for that reporting on zika. We appreciate it. All right. It is friday. It is near 1 00, that means the weekly rig count numbers are out, guys, and they are up again. Baker hughes reporting that 10 more Oil Drilling Rigs were put online over the past five days. This is the tenth week in a row of gains. Now, we are still well down, again, from a year ago. Looking here inside the numbers, eight of those came in texas. We always talk about the perm yan perhaps being one of the lower cost areas of production. Either way, more of these either maybe new rigs or these drilled but uncompleted socalled ducts are being put back online. Ten straight weeks of increased rig activity, good for jobs, maybe not prices. And with west texas up at 48 you would expect that trend to continue. Its gone up in the last month and a half. Companies cutting cost and more and more companies will tell you that they may not be making a lot of money at 48, tyler, but they can make some money at 48. Some is better than none. In that case. All right. Another big shakeup inside the Trump Campaign. Second in a week. Eamon javers is working on that story for us. Hi, eamon. Hi, tyler. It is a day of big change here in the Trump Campaign. Donald trump himself and his running mate, mike pence, are in baton rouge, louisiana, today. They are touring the flood damage of the hardhit areas in louisiana all through the morning there at this hour. But this mornings news is that Paul Manafort who had been the Campaign Manager, is out. Heres the statement from the Trump Campaign and mr. Trump himself, i am very appreciative for his great work in helping to get us where we are today, and in particular his work in guiding us through the delegate and convention process. So kind of a nice sendoff there from donald trump to his Campaign ManagerPaul Manafort. Now we see an entirely new team coming in at the top of the Trump Campaign, a new tone from donald trump in his remarks last night. And also an effort here by the Trump Campaign to be more like a traditional president ial campaign that weve seen in past cycles. They havent been that way so far, but theyre now running paid Television Ads in four states. Take a look at this ad. This is a hardhitting ad from donald trump against Hillary Clinton thats now running in four states. In Hillary Clintons america, the system stays rigged against americans. Syrian refugees flood in. Illegal immigrants convicted of committing crimes get to stay. Collecting Social Security so hard contrast between trumps vision of america and what he says Hillary Clintons vision of america is. But take a look now at the contrast between the ad spending from the Trump Campaign. Yes, theyre spending money. But, no, theyre not outspending the Hillary Clinton camp just yet in any of these states, florida, ohio, pennsylvania and North Carolina. If you look down that list, you see in each of those states the clinton camp is outspending the trump camp for now. But nonetheless this is a Significant Development for the Trump Campaign, which has until now pretty much relied on twitter and tv coverage and massive rallies to get attention. This is Something Different from the trump folks. Thank you very much, eamon javers. And we have an update now on the justice departments decision to no longer or phase out the use of private prisons. Prison stocks fell sharply on the news yesterday, as we described. But look at the comeback that has happened since then. There you see them down a lot for the week. But look at the moves higher today on corrections corp. And the geo group. Scott cohn has more. Hi, tyler. This may be acknowledging a little bit of the overreaction when this broke, but both companies out doing damage control. Both Holding Conference calls this morning and both putting out statements to minimize whats going on here. And there might be some reason behind that. Corrections corporation of america says we are disappointed with the bop, the bureau of prisons decision to youtube laigs of privately operated facilities. As you see correction corp. Stock bouncing back today. The Company Points out there are only three contracts effected by this decision. It represents about 7 of the companys revenue. So the company is moving on. Yes, it will be a dent, but not a huge dent. As for the geo group, slightly larger portion of revenue. Company says while we are disappointed by the doj announcement, the impact of this decision is not imminent. These will be phased out nonetheless geo group was in sort of embarrassing position today saying one of the contracts had been renewed and then putting out another press release saying that has been rescinded and we are renegotiating. Might make sense to look at the longterm prospect of these stocks. On one hand theyre not going away, they can own the real estate and let the government manage the prisons. But at the same time prison populations are coming down both at the federal level and across the country. And thats something that analysts and these companies are looking at closely. Guys. You know, scott, as part of this damage control both companies came out and basically backed once again their 2016 outlooks. What stood out to me is they said nothing about 2017. Did they . Did they make any illusions as to future impact . I dont believe so. One of the Conference Calls i believe is still going on. But, no, i mean, i think that its difficult to look at the long term. And you have these competing ideas. On the one hand, again, there is a huge prison population in this country. Its the we have the largest population of any nation on the planet by far. And they have to put these prisoners somewhere without running into even more concerns about overcrowding. But at the same time there is really a bipartisan attitude now that the prison system has to be reformed, criminal justice has to be reformed. So the longterm is a little bit hazy right now. And it may be that way for a while. Yeah, i mean, listen, we can make the argument theres way too many people in prison. Thats a different argument, scott, just from the sake of the way things are now, is there the capacity in the federal system that if indeed some of these prisons, these privately owned ones are shut down or moved off, is there enough excess capacity elsewhere to pick them up . Because if theres not, whats the alternative . Well, thats a good question. I mean, the Deputy Attorney general yesterday suggested that because one of the reasons for this was because the federal prison population has come down and that they might be able to be moved elsewhere. But prisons are crowded at the federal level and at the state level. So the short answer is, no, theres not enough capacity. If you got rid of private prisons overnight, theres not the capacity to hold these people. And theres also this other proposition that both of these companies are very heavily involved in, which is real estate only. In other words, they own the prisons, they own the land and the government does the management. In fact, the geo group is a Real Estate Investment trust. Thats how the company is structured. So they may be well set for this kind of a move. Scott, thank you. Scott cohn from san francisco. Next up, the latest in the big shakeup at viacom and the jaw dropping golden parachute everyone is talking about. That story straight ahead. Miles per hour. Aveli0 to win, every millisecond matters. Both on the track and thousands of miles away. With the help of at t, Red Bull Racing can share critical information about every inch of the car from virtually anywhere. Brakes are getting warm. Confirmed, daniel you need to cool your brakes. Understood, brake bias back 2 clicks. 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But dauman will take home a 72 million severance package on top of the 491 million in compensation hes made in his ten years running. That 490 million particularly stunning considering viacoms under performance of the s p 500 as well as cbs, which is also controlled by sumner redstone. Now, former viacom ceo tom freston telling me he believes this news is great although its long overdue. He calls daumans ouster a great victory for the people whove been so demoralized and demotivated. He now says it will be a lot easier for viacom to higher top talent. Back over to you. Julia, thank you very much. Viacom shares are higher today and actually up about 10 this year, but that is cold comfort for most viacom shareholders. The stocks gone from 88 to 48 in just two years. James dix, media analyst at wedbush security joining us onset. James, finish this sentence. The single biggest problem with viacom right now is, what . The ratings and the brands of the core media networks. Because if you look at their lineup, is there any channel that you believe is a musthave on a socalled skinny bundle . If people cut the cord and go to a la carte, is there anything you would say thats a musthave . If you have kids, nickelodeon might be on that list. Is that going to save viacom . They need more than nickelodeon. What should and i totally agree with you. I dont think theres anything in that group. I think you nailed it there. Other than nickelodeon, if you have kids, and there are alternatives to that suite of offerings. How about paramount, what should they do . It wouldnt shock me if they at some point in the near future went ahead with some type of strategic, you know, venture, sold a piece stake in it, yeah. Im not sure theyre going to do it in september unless Philippe Dauman might present to the board, but it might not be much long after that they might consider. Now with the stock, james, a lot of people before were saying this was a buy because of the potential shakeup, potential change at the top. Now its unfolding, is there another catalyst at this point, or for now are we on hold . Well, i mean, you have to pick a permanent management. You dont think tom d