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CSPAN2 Pharmaceutical Executives Testify On Drug Pricing Day 1 July 12, 2024

Ceos testify on Prescription Drug pricing. Members question why the retail price of their drugs frequently increases and at a rate that far exceeds inflation among other issues. This is just under 4 hours. Welcome to the to todays hearing. Pursuant house rules, some members will appear inperson and others will appear remotely via webex. Some members are appearing in person, let me first remind everyone that pursuant to the latest guidance from the house attending physician, all individuals attending this hearing in person must wear a face mask unless they are speaking. Members who are not wearing a facemask will not be recognized. Let me also make a few reminders to those members appearing in person. You will only see members and witnesses appearing remotely on monitor in front of you when you are speaking in what is known in web ex as active speaker view. A timer is visible in the room directly in front of you. For members app ....

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CNBC Fast Money Halftime Report July 12, 2024

Questions, i think, heading into this new month is can big tech stage a big rebound because september was fairly dismal. Apple was down more than 10 alphabet down 10 microsoft down almost 7. Amazon down almost 9 facebook down 10 y do you see all those pull backs represent consolidation. That up trend remains thoroughly undisturbed. I really dont think profit taking and consolidation the month of september end up being meaningful i could be wrong thats the way i would think about it 42 of stocks in the s p five hundred are above their 50 day more than half of the market is not. The consumer stock, Consumer Discretionary looks incredible equal weight retail looks great. Anything that has to do with the consumer looks pretty darn good. The big trends are all in place. Target, new highs. Walmart looks like it wants to break out again. This morning i heard 11 of americans are now already paying for walmart plus they rolled this ....

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CSPAN2 Pharmaceutical Executives Testify On Drug Pricing Day 2 July 12, 2024

Let me also make a few reminders for these members appearing in person. You will only say members and witnesses appearing remotely on the monitor in front of you when they are speaking and active speaker view. A timer is visible in the room directly in front of you. For members appearing remotely i know you are all familiar with the webex by now but let me remind you of a few points. First you will be able to see each person speaking during the hearing. Whether they are in person or remote. As long as you have your webex set the active speaker view. If you have any questions about this please Contact Committee staff. Second, we have timer that should be visible on your screen when youre in the active thumbnail view. The house rules require we see you so please have your cameras turned on at all times. Fourth, members appearing remotely who are not recognized should remain muted to minimize background noise and feedback. Since i ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Radio and Bloomberg Television across this nation. It is not a usual august. It is highly unusual, different from 1998. Certainly some of these trends are draw dropping are jawdropping. Bonds participate. It is decidedly risk on. Lisa although you have to say, when you got a 10 year yield below 1 , to say it is a decidedly different tone with yields going up indicates just where we are in this cycle. I will say, also important to note that is yields rise, bond prices down, you are seeing real yields remain deeply negative. Tom deeply negative and plunging right now. 1. 00s the right word, at and now at 1. 03 on the u. S. Tenyear. That is a really extraordinary drop. Saw,own near the lows we but this will be a huge theme. What will you listen for from chairman powell on thursday . Lisa basically, how much they are going to keep yields low and how much they perceive themselves looking at the reality of the economy today. I rea ....

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CNBC Fast Money July 12, 2024

Twist. Walmart teaming up with microsoft in a bid for the popular social media app both stocks rallying to new alltime highs on this news. Julia boorstin has the details. The news keeps coming on this one. Reuters just reporting tiktok engineers were told to make contingency plans should it need to shut down u. S. Operations they are preparing for various scenarios including a forced shutdown telling us they are simultaneously developing plans to make sure u. S. Employees continue to get paid on the heels of any outcome. Walmart is teaming up with microsoft to buy tiktok. Walmart telling us, quote, we believe a potential relationship with tiktok u. S. In partnership with microsoft could add this key functionality and provide walmart with an important way for us to reach and serve omni channel customers as well as grow our Third Party Marketplace and advertising businesses dan ives tells us, quote, we believe microsoft buy ....

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