billion. why that stunning proposal from the commissioner of the nba and he says it s 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 c
stock? take a look at what it s doing right now. it s up nearly 5%. of course, it already has a big buyback and the thought of it being bigger is something the investors like. arguably the most successful of all of the activist investors going after one of the largest companies in the world and pushing it up 4%. even apple responded. they said that, quote, we appreciate the interest and investment of all of our shareholders. tim had a very positive conversation with mr. icahn today. i tweeted out a little while ago that the translation of that is, simply, gulp. and to think this was one time a target of shorts. you had david einhorn in there last year. exactly. shorting the stock. and now to think carl icahn is calling it undervalued. certainly one to watch today. much more coming up over the next couple of hours, i m sure. also, it s called the hindenburg, and it has the trading floor buzzing, because the omen is back in play right now. so even as stocks are rebo
hits. we have a great lineup on this friday. in just a few minutes, we ll be talking with templeton s mark mobius. maybe he s run into andrew. i was thinking the same thing, maybe in vietnam. but first, before we get to all of that, joe has the morning s top corporate stories. i do. and a lot of ways to interpret that alternating session. to me, it s like every time the market is a pullback, everybody rushes in thinking this is a pullback i can jump in on. yesterday i saw rally s last gasp, question mark. and we ve been quick to do that, particularly on shows where an afternoon is long-term. an hour is medium term and two minutes is short-term. right. for me, if i saw a market go up 35% in 18 months, and, you know, since the beginning of the year, whatever it is, 12%, 13%, i would think it would be normal maybe to consolidate a little, not give the people that aren t in a big time chance to get in, sort of unless it s been happening. that s what i think is