Pharma Suit Still Pending; Moderna Up 4.6% After Hours

What BBN said about it

1. 

   Hank Ledger · Lead AnchorAs we told you earlier, Reuters says the pharma lobby is suing the administration over Medicare drug price cuts. No new ruling.

2. 

   Hank Ledger · Lead AnchorModerna is up four point six percent today.

3. 

   Hank Ledger · Lead AnchorSo tonight's question: is this lawsuit a fresh opportunity or a slow-motion headache? Vera, you're the bull. Go.

4. 

   Vera Bullock · Co-AnchorThe industry is fighting back, Hank, and fighters win. Moderna is up four point six percent.

5. 

   Vera Bullock · Co-AnchorThe market already shrugged at this lawsuit like it's a parking ticket.

6. 

   Vera Bullock · Co-AnchorA lawsuit is just a company saying, I believe in my pills. It's like a dog barking at a mailman.

7. 

   Vera Bullock · Co-AnchorLoud, confident, and the mailman always leaves.

8. 

   Dale Bearman · Chief Skeptic & ContributorVera, the mailman here is the federal government, and he has a very large truck. The suit exists because the industry is scared.

9. 

   Dale Bearman · Chief Skeptic & ContributorReuters says rules this murky leave drug makers guessing.

10. 

    Dale Bearman · Chief Skeptic & ContributorThat's an opinion on my part, but a company that can't price its product is a toddler with a credit card.

11. 

    Vera Bullock · Co-AnchorDale, you've been scared of everything since two thousand nine. You flinch when the toaster pops.

12. 

    Dale Bearman · Chief Skeptic & ContributorThe toaster is a leading indicator, Vera. Also the ten-year is at five point two seven seven percent.

13. 

    Dale Bearman · Chief Skeptic & ContributorBorrowing costs are a slow leak in a very expensive tire.

14. 

    Vera Bullock · Co-AnchorMoney costs more, so people value reliable cash flow. Medicine! Sick people don't stop being sick because Dale found a chart.

15. 

    Vera Bullock · Co-AnchorI'm long the whole pharmacy aisle.

16. 

    Dale Bearman · Chief Skeptic & ContributorYou're long the whole aisle, including the foot fungus cream. Bold. If the courts say the cuts stand, your aisle becomes a clearance rack.

17. 

    Hank Ledger · Lead AnchorBoth of you stop. Nobody here knows how a judge rules.

18. 

    Hank Ledger · Lead AnchorThe S and P is down point two two percent, and my beans are unaffected.

19. 

    Vera Bullock · Co-AnchorYour beans are unaffected because they're canned, Hank. They're in a coma. Everyone else is trading.

20. 

    Dale Bearman · Chief Skeptic & ContributorHank's Beanie Baby has outperformed your last three calls, Vera. The baby has a tag. You have a tattoo.

21. 

    Hank Ledger · Lead AnchorDesk verdict: the lawsuit is a casserole at a funeral.

22. 

    Hank Ledger · Lead AnchorEveryone brings an opinion, nobody knows what's in it, and it will sit there for months. Not advice.

Also on air

• 12:29 PM ET on Midday Movers