the outrage about 25% increases in what you say. another samsung voters exploding. this time it wasn t the galaxy 7. find out what device is affected now. the media company expect today lay off 300 people. rankings of most reliable vehicles. some surprises before heading to the dealership. markets like this. we will be hearing from 6 dow components today, among them dupont, caterpillar. we have the markets higher in anticipation of pretty good numbers. once we get the numbers, we will bring them to you, of course. in europe posting modest gains. the others fractionally moving. the dax indexmoving. take a look. we see the markets moving fractionally. nikkei average in japan best performer. all the stories coming up. joining me to talk about it fox business dagen mcdowell, jon hilsenrath and tony, good to see you guys. dagen: good morning. obamacare failure. maria: he kept saying that i had amnesia. dagen: one and five people can only find one insurer. maria: unbelievable. dage
more on that story in a moment. but we begin tonight with a decline in the biotech sector. the decline in that sector, its worst of the year, was fueled not by a failed drug trial but by presidential hopeful hillary clinton. the nasdaq biotech index fell about 4 1/2% after clinton said in a tweet that as president she d crack down on what she sees as price gouging in the pharmaceutical industry. she promised more details tomorrow. now, those comments were in response to a report in the new york times of a 5,000% price increase, virtually overnight, in a 62-year-old specialty drug. now, we ve talked a lot about the high cost of breakthrough new drugs coming to market. but as meg tirrell reports, older drugs aren t immune. reporter: for a small company it s making big waves for the drug industry. turing pharmaceuticals, a private company founded by a former hedge fund manager, is the target of outrage over the price of its drug deraprin. the medicine cost $13.50 a tablet be
more on that story in a moment. but we begin tonight with a decline in the biotech sector. the decline in that sector, its worst of the year, was fueled not by a failed drug trial but by presidential hopeful hillary clinton. the nasdaq biotech index fell about 4 1/2% after clinton said in a tweet that as president she d crack down on what she sees as price gouging in the pharmaceutical industry. she promised more details tomorrow. now, those comments were in response to a report in the new york times of a 5,000% price increase, virtually overnight, in a 62-year-old specialty drug. now, we ve talked a lot about the high cost of breakthrough new drugs coming to market. but as meg tirrell reports, older drugs aren t immune. reporter: for a small company it s making big waves for the drug industry. turing pharmaceuticals, a private company founded by a former hedge fund manager, is the target of outrage over the price of its drug deraprin. the medicine cost $13.50 a tablet be
more on that story in a moment. but we begin tonight with a decline in the biotech sector. the decline in that sector, its worst of the year, was fueled not by a failed drug trial but by presidential hopeful hillary clinton. the nasdaq biotech index fell about 4 1/2% after clinton said in a tweet that as president she d crack down on what she sees as price gouging in the pharmaceutical industry. she promised more details tomorrow. now, those comments were in response to a report in the new york times of a 5,000% price increase, virtually overnight, in a 62-year-old specialty drug. now, we ve talked a lot about the high cost of breakthrough new drugs coming to market. but as meg tirrell reports, older drugs aren t immune. reporter: for a small company it s making big waves for the drug industry. turing pharmaceuticals, a private company founded by a former hedge fund manager, is the target of outrage over the price of its drug deraprin. the medicine cost $13.50 a tablet be
are not moving much at this point, but yesterday we did see heavy action. in the red italy reporting that it s in recession, two quarters in a row of contraction. germany was heavily hit, not only by what happened in italy, but by all the talk about what happens in these sanctions and the retaliation against the sanctions by russians. back here in the states, key data today. at 8:30 eastern time, weekly jobless claims. this afternoon, we have consumer credit. in addition, many of the nation s retailers will be reporting july same-store sales today. on the earnings front today, companies set to post quarterly includes including orbitz, wendy s. in corporate news, bank of america reportedly close to a nearly $17 billion settlement with the government over mortgage bonds. the deal with the doj is said to include about $9 billion in cash. the rest said to be going to consumer relief. settlement was reportedly reached in principal after a phone call last week between bofa ce