phrma:. right now it takes too long and costs too much to get a medicine approved and to the market for patients. but senator baldwin argues drug companies are raising prices on medicines simply because they can. she hopes forcing them to justify price increases will change that. baldwin: "it's an accountability and transparency measure, to try and reign in these pharmaceutical corporations." warriors owners, joe lacob and peter guber reportedly payed 4-million dollars to cover the entire cost of their championship parade yesterday and it looks like they'll need to spend much more to keep their players in the bay area after winning their second n-b-a title in the last three years on monday now the action turns to the future of the team general manager bob myers and the front office will have make a decision on which free agents will return for the 2018 season kevin durant and steph curry headline a list of ten players expected to hit free agency on july first(wipe to fullscreen) the teams pri

phrma:. right now it takes too long and costs too much to get a medicine approved and to the market for patients. but senator baldwin argues drug companies are raising prices on medicines simply because they can. she hopes forcing them to justify price increases will change that. baldwin: "it's an accountability and transparency measure, to try and reign in these pharmaceutical corporations." (pam) new tonight... an update on a story we first told you about yesterday at ten .... community concerns are growing after a three-year- old girl died during a dental procedure in stockton. tonight - the girl's grieving family is stepping up and demanding answers. reporter kay recede has the latest. while loved ones demand justice for 3-year-old daleyza hernandez outside the children's dental surgery center here in stockton, her mother sits in a van.nats: "mi chiquita"too grief-stricken to join the protest.araceli avila, mother of daleyza: "i couldn't bring myself to get out because i remember bringing

phrma is powerful on capitol hill. one of the most powerful lobbies. having said that, the american people are fed up with these drug prices. notice all the pro-phrma ads coming out from the industry talking about how wonderful they are. be honest. we need them to be profitable, continue research, but some of the prices they're charging are out of control and breaking the bank. >> why isn't that the headline, for the democrats or republicans? look, it's sticking out there as this big, ugly number. it's like 70% you'll see estimates, that that's how much drug prices are going to go up. fighting on all of these other fronts but ignoring the biggest number, and it seems to speak to a lack of political conviction, frankly? >> many of us are not afraid to bring it up. in fact, we have voted on several different occasions, but we need to make sure that we move forward with something that really works. for example, more transparency on these price increases. i think we ought to also address the issue of direct to consumer advertising. sorry to say that to a t

. >>> "the new york times" recaps the opening statements in the fraud trial of phrma bro martin shkreli. prosecutors say shkreli lied and created phony documents to run a ponzi scheme and to loot a drug company. a shoot-out erupted three weeks ago outside baltimore. prosecutors ruled the officers' actions were justified after the man opened fire on a bus. >>> britain's "telegraph" reports the filing of a manslaughter charge against a former police officer in the hillsborough stadium disaster. 96 people suffocated or were tram. ed to death at an overcrowded soccer game in 1989. fives are facing negligence or cover-up-charges. >>> the pittsburgh "post-gazette" recounts how a little league umpire saved a woman from suicide. john tumpane pulled a wambach and helped her until they got her hospitalized. >>> the cubs went back to the white house and the president gently ribbed the players. the informal meeting was set up by the team's owners. the ricketts family donated millions to trump's campaign. it's their second trip. president obama hosted them just before they left office. >>> still to

. >>> "the new york times" recaps the opening statements in the fraud trial of phrma bro martin shkreli. shkreli's lawyer told the jury yesterday his client is eccentric, but he's not guilty. prosecutors say shkreli lied and created phony documents to run a ponzi scheme and to loot a drug company. >>> "the baltimore sun" analyzes newly released video in the fatal shooting of a robbery suspect. the shooting erupted three weeks ago outside baltimore. prosecutors ruled the officers' actions were justified after the man opened fire on a bus. >>> britain's "telegraph" reports the filing of a manslaughter charge against a former police officer in the hillsborough stadium disaster. 96 people suffocated or were trampled to death at an overcrowded soccer game in 1989. five others are facing negligences or coverup charges. >>> the pittsburgh "post-gazette" recounts how a little league umpire saved a suicidal woman. john tumpane saw her climb on a bridge and pulled her back. he held her until she was pu hospitalized. >>> the cubs went back to the white house and the president gently ribbed the pla

. >>> the pharmaceutical ceo nicknamed phrma bro arrived in court for his fraud trial. martin shkreli arrived surrounded by a full about team of lawyers and swarming news media. the 34-year-old gained in-if in after hiking the price of a drug. but he's on trial for allegedly defrauding investors in his hedge funds of at least $11 million. shkreli could face up to 20 years if convicted. >>> a new you twist with in the russia investigation this morning. president trump now accusing the obama administration of failing to do more to stop the russian meddling in the presidential election. president trump has been reluctant to acknowledge the accusations of russia's interference even though the intelligence community agreed that it did happen. over the weekend, president trump used the issue to go after former president obama. >> i just heard today for the first time that obama knew about russia a long time before the election. and he did nothing about it. >> the president may have been referencing a "washington post" article about russian president vladimir putin directly in

names that have not participated and gilead is a name i look, merck, pfizer leading in terms of big phrma. i like the way health care is trading. >> i like the way american express is trading that's actually under the radar. it is up 11% year to date. it still trades at 14 times for estimates. i heard the company speak at a conference they sound very bullish, very confident in growth. that story is right back on track. i like that name >> visa, master card, they get a lot of love and axp doesn't get much >> i kind of like that >> i am back to what pete is talking about with health care the desk has been focused on it. it is an area of opportunity get yourself exposure. it might be the leading sector soon enough in the s&p >> 24 record closes this year. we'll see what the mark the questions do the rest of the day. power lunch has that now >> i'm melissa lee here is what's on the menu of the nation's capital once again at the financial universe. all the presidents men talking about tax reform can a deal actually get done oil tanking crude at a bear market which stocks are getting hit the ha

. >> tim, last year, phrma one of the drugs had to do with the object yes, i d-- object ye did epidemic, what are price protection rebates, how does it play out, when it comes to pbn's. >> sure price protection rebates something that we put into place to try to prevent frankly phrma companies from escalating price unreasonably when they do that rebates come back to us and go back to our clients to, help lower their net cost providing the care to patients. maria: but explain this to us, tim i got to foum on that you and i had this discussion in the past, we have had, ceo of mylan basically getting rolled over coals because of increased that she her company did for epipen she blames express scripps the pharmacies benefit managers how much are you taking out of the epipen increase? >> he next to nothing, i mean the irony heather point to go everyone but hers for her precise increases, i have heard every excuse named a i think the important piece is from our standpoint, we are in business to get patients their men affordable xeech in the game of providing benefits we hear employers pulling

it would provide price gouging, big phrma manufacturers with a huge tax windfall, all as part of almost $1 trillion in a tax cut, which is what their bill is really all about. not health care. those benefits going to a few corporations and super rich among us. most every health care professional group in the country, along with the aarp and the vast majority of americans, reject this bill. and we have even more people rejecting it if it hadn't been hidden if even one administration official had had the courage to come and be held accountable for this bill in a public hearing, but apparently we will not have that anywhere in this congress before this huge bill is aprfed. -- is approved. the american people are locked onboard this sinking ship. our insurance markets are already taking on water from top sabotage and disaster looms in front of us. this is not a verify first bill that we take up today. it's a patch on this sinking titanic ship. it's not a verify first, it's a vilify first, our immigrants. it's really just the next chapter in trump's anti-immigrant crusade which he tweets abo