I im in edwards. Manus and im manus cranny. Anna this looks to be a touch above estimates at the ebit level. The Second Quarter netted 312 million euros. This is a company we have to talk to about brexit. This is a business that operates in the u. K. What will they have to sell . They have said they will continue to invest in the u. K. In the immediate aftermath of the brexit vote. Two of their competitors merged in the u. S. Recently. We will be speaking with the asset manager at 7 15 u. K. Time. Manus the swissbased drugmaker netted 5 billion, just ahead of the estimate of 12. 2 billion. Sales will be broadly in line with the prior years. They are driving unchanged for the rest of the year. The core earnings came in at 23 billion. They have a huge amount of generic competition coming through. You can see Second Quarter sales beat on the headline earnings. The guidance is broadly in line with last year. They delivered a solid Second Quarter, despite the risk on aspect. This is one of
Billion. Why that stunning proposal from the commissioner of the nba and he says its time to legalize gambling on professional sports. Ingredientsall the of a battle with two companies squaring off over mail. Good monday morning, you are watching Market Makers. Mayonnaise and botox, a delicious day on Market Makers. These are the top stories. A big takeover in the pharmaceutical business an activist has agreed to buy allergan the maker of botox for city 6 billion in cash and stock, the equivalent to 219 per share. Allergan has been fending off hostile takeover bids. Valley and appears to be throwing in the tell and it says it cannot justify to a chair holders paying a price of 219 or more per share. The biggest takeover of the u. S. Energy company is four years halliburton which has agreed to buy baker hughes for 35 . 6 billion. These are the second and Third Largest oil service operators. Together, they will dominate the u. S. Market for onshore fracking and the combined company will
Stanleys adam parker. He will tell us what hes expecting from earnings whether they can spark a selloff in stocks, talk about the words earnings recession have been discussed in conjunction with the First Quarter earnings reports due to come out. And where is howard marks putting his money to work . You will find out in an exclusive interview. Plus Bill Richardson former new mexico governor gives us his reaction to rand paul running for president and what he thinks of the senators plans if he became president he would get rid of the Energy Department and three other cabinet positions if he were to become president of the United States. Well get governor richardsons take on that coming up. You can guess what he would say. We have a lot to get to. Lets start with where we stand. 74 points higher on the dow. The s p 500 up by about 5 points to 2,085. The dow is the outperformer on the session. The nasdaq adding 16 to 4,933. Lets get to our closing bell exchange. Amy wu is back with us so
How poorly midsize suvs performed in crashes. We will show you the best and the worst on the list and the midsize suvs become a top selling vehicle in the United States. We will give you a sneak peek on the profit. It begins at 10 00 and look who is here. He is on billboards on the westside. He is here live the man, the and only. We have a lot to react to today. We sure will, but we want to begin with verizon buying aol for almost 4. 5 billion. Surging by about 18 right now. Verizon down by a tad. More on what this deal means for investor and the media landscape. As you mentioned, it is not your parentss aol that we remembered that did represent the internet back in the early to mid90s with the wild garden and the enormous market value that let it go into a quiet timewarner. A disaster for all the companies involved. Not aol shareholders. Back on that fateful day in early 2000 it was. Aol goes on to be spun off by timewarner in 2009. As i said its not that company any longer. The focus
Also sac is firing back at the u. S. Government. The wall street journal reports the firm sent a memo to all employees with a rebuttal to allegations that steven cohen failed to take proper steps to prevent Insider Trading. Sac says that evidence shows that cohen didnt read the email at the center of the allegations. That email in question is from august of 2008. The s. E. C. Says it reflected, quote, clear possibility that information about upcoming dell earnings was improperly obtained. The government says the email was forwarded to cohens office and home email addresses. In a report prepared by cohaens lawyer says that so many emails landed in his inboxes that he opened just 11 of them. Interesting. Dow component, dupont, if you saw the top of the hour, i dont know, i recorded something about it. We knew it was coming. Alan coleman will be on the show later today. At this point, it is either a there is some stuff in here. Some net numbers just one net number, 1. 11. The street 1. 27