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Years. And lots to come on the show. Two big ceo interviews on the back of earnings in a few minutes well speck to the owner of Outback Steakhouse blooking brands and later the ceo of boston beer will join us that stock surging after the truly hard seltzer brand helped boost sales. Looking forward to both of those interviews were down. 6 lets get to the big stories were watching meg tirell has more on the signing. And mike san totoli is joining s meg, let aers start with youen that executive order news. Hi. Drug pricing hasnt been in the conversation as much this year as the drug industry has been racing to develop vaccines and drugs for covid19 but the president reportedly planning to sign an executive order with a few different aspects on drug price this is afternoon. One could be allowing importation of drugs from canada where theyre price moored cheaply. Another could focus on tying prices to basket of prices from other we ....
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these ....
The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 ....
Of the s p 500 that is one of many questions. Power lunch has the answers, right now. Yes, we do, tyler thanks ceos are starting to sounds the alarm about the economic recovery and the path forward. Lets get to bob pisani for the details on that. Bob . Kelly, we were hopeful we would get more Earnings Guidance 40 said no guidance, were sort of hearing for the Second Quarter and into the third quarter, so ibm yesterday a good example of that. He said maybe we were a bit optimistic uncertainly makes us unwilling to provide guidance. Theres other issues, too, the ceo of capital one has made the stimulus has made it different i dont think we have a rigorous measure of how many current borrowers are unemployed i think its reflective of america and there are different degrees of unemployment right now. Thats tough ive seen some positive comments as well. Nasdaq had very big stoc ....