Discussion. [ applause ] anyone working at any hedge fund who involved in shortterm trading, meaning every day theyre coming in and trading in and out of stocks, all the people want edge. That is a common term in the industry. They want edge. And, you know, theres this white edge, kind of useless for their purposes, there is the gray zone, and then there is black edge, which is clearly inside information. Sunday night, on q a, new yorker staff writer sheila kohotcar talks about the Insider Trading case against steven cohen in her book black edge, inside information, dirty money, and the quest to bring down the most wanted man on wall street. The two concentral characters at the heart of the story, theyre very central characters in my book are these two former Portfolio Managers for cohens fund, Matthew Martoma and michael steinberg. Martoma is currently serving a fairly lengthy prison sentence, though his case is on appeal. And mr. Steinberg was convicted, but then his conviction was l
Lets bring in michael ye and another health care analyst. Michael, first you to. Given the deals that we have seen, not just today but in the past, why do you believe a biomarine or vertex may be takeout targets down the line . Two reasons. One is if you looked at biotech valuations, theyre down 35 off the top in the last 6 to 8 months on political rhetoric that we talked about. So asset prices have come down and become a lot more attractive. The second point is that theres no change to the fact that Big Companies need commercial products and they need pipeline. Thats exactly what youre seeing. And what will those companies have that make them attractive you to or to potentially bottom . Les, we can hear you. Well get to you in a second. What makes them potential buyout candidates . Both vertex and biomerine have real revenue. Theyre out there right now plus pipelines. You get both of those with that. And so both of these companies have asset value to acquirers. You know, les, when you
If you were a hippie in the 60s, you need to know. Its the dawning of the age of aquarius. Yeah, and Something Else thats cool. What . Osteoporosis is preventable. All osteos preventable . Right on if you dig your bones, protect them. All cbs cares today, the Online Payment Service pay pal said that it is canceling plans to open a facility in North Carolina and will take the 400 jobs elsewhere. It is the latest reaction to a new state law that critics say allows discrimination against gays and lesbians. 21 states mostly in the south have enacted similar laws that allow businesses to refuse services to people who offend the Business Owners religious beliefs. Today, mississippi took it one step further. And here is mark strassmann. Reporter after weeks of protest, mississippi now offers gays and lesbians the least discrimination protection in america. Its new socalled religious freedom law allows Business People and government workers to deny Services Based on their religious beliefs. Th
Charles osgood this is sunday morning, good to be back with you. With seven months to go campaign 2016 is really only just getting started. We already have seen personality clashes aplenty. Not just among the candidates but also between republican front runner donald trump and a noted Television Journalist megyn kelly. Shell be talking with carly rose far our sunday morning cover story. You have called women you dont like fat pigs, dogs, slobs and disgusting animals. Make en8 00ly of fox news didnt pull any punches when she confronted donald trump at the first Republican Debate. Nor is trump exactly holding back about her. I dont like her. She doesnt treat me fairly. After all the harsh words, would kelly ever welcome trump on to her show . Absolutely. It does not require an apology from him . Later on sunday morning, megyn kelly on life, the news and donald trump. The far more nurturing relationship so many grandparents are now developing with their grandkids. Im his grandfather. Im h
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