selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup and its active ingredient to life was saved with funds dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl's foot care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health british prime minister boris johnson has asked the e.u. to renegotiate its spec brags that agreement threatening his country will otherwise leave without a deal on october 31st whatever the likelihood of a renegotiation more businesses in the u.k. are realising how difficult it could be. the trucks are still rolling swiftly through the port of dover but soon there could be long traffic jams at the end of october britain intends to leave the e.u. with or without a deal prime minister boris johnson never tires

selling the animal health division will allow buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup and its active ingredient delightful said it with funds dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's foot care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health british prime minister boris johnson has asked the e.u. to renegotiate its back brags that agreement threatening his country will otherwise leave without a deal on october 31st whatever the likelihood of a renegotiation more businesses in the u.k. are realizing how difficult a no deal breaks it could be. the trucks are still rolling swiftly through the port of dover but soon there could be long traffic jams at the end of october britain intends to leave the e.u. with or without a deal prime minister boris johns

health division will allow buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the week killer roundup and its active ingredient life was said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health care edge and for some market reaction now let's cross over to our financial markets correspondent susan and the frankfurt stock exchange calling us is this move selling all of the animal health unit going to bias problems. well it helps at least to solve some of the financial problems the buyer has at the end of june biased total amount of debt was nearly $40000000000.00 euros with the sale of this veteran mary drug unit with the sale of other assets that buyer has agreed on quite recently the total amount of debt will likely be below $

health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the week killer roundup and its active ingredient life was said with phones dwindling and share prices dropping by or has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health. and for some market reaction now let's cross over to our financial markets correspondent susan and the frankfurt stock exchange call that is this move selling all of the animal health unit going to bias problems. well it helps at least to solve some of the financial problems the buyer has at the end of june biased total amount of debt was nearly $40000000000.00 euros with the sale of this veteran mary drug unit with the sale of other assets that buyer has agreed on quite recently the total amount of debt will likely be below $130000

selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup on its active ingredient delightful said it with funds dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's foot care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health. british prime minister boris johnson has asked the e.u. to renegotiate its regs that agreement threatening his country will otherwise leave without a deal on october 31st whatever the likelihood of a renegotiation more businesses in the u.k. are realising how difficult it could be. the trucks are still rolling swiftly through the port of dover but soon there could be long traffic jams at the end of october britain intends to leave the e.u. with or without a deal prime minister boris johnson never tires of stres

health division will allow buyer to bring in some urgently needed cash the company has had a few rough months with multibillion dollar lawsuits over the weekend a round up on its active ingredient delightful said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl's foot care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health. and i just some of the other business stories making headlines. african swine fever has decimated the poor trade in china but help some breeders to a healthy profit according to the chinese ministry of agriculture at least one 3rd of the market has been wiped out prices of homes have now reached $200.00 an all time high and they are set to rise further as demand goes up after the summer months should help. thousands of people in ghana are worried they could lose their lives savings the country's central bank has cracked down on 2

health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup and its active ingredient delightful said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health. and i just some of the other business stories making headlines. african swine fever has decimated the pork trade in china but held some breeders to a healthy profit according to the chinese ministry of agriculture at least one 3rd of the market has been wiped out prices of homes have now weeks to $200.00 an all time high and they are set to rise further as demand goes up after the summer months should help. thousands of people in ghana are worried they could lose their lives savings the country's central bank has cracked down on 23 savi

health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multibillion dollar lawsuits over the weekend or roundup and its active ingredient life was saved with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer have. been for some market reaction now let's cross over to our financial market correspondent susan at the frankfurt stock exchange call that is this move selling all of the animal health unit going to bias problems. well if it helps at least to solve some of the financial problems that buyer has at the end of june biased total amount of debt was nearly $40000000000.00 euros with the sale of this veteran mary drug unit with the sale of other assets that buyer has agreed on quite recently the total amount of debt will likely be below $3000000

selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multibillion dollar lawsuits over the weekend or roundup and its active ingredient life was saved with funds dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded some time lotion brand coppertone as well as its dr scholl's foot care unit fires planning to focus more on its traditional divisions including pharmaceuticals and consumer health british prime minister boris johnson has asked the e.u. to renegotiate its back brags that agreement threatening his country will otherwise leave without a deal on october 31st whatever the likelihood of a renegotiation more businesses in the u.k. are realising how difficult it could be. the trucks are still rolling swiftly through the port of dover but soon there could be long traffic jams at the end of october britain intends to leave the e.u. with or without a deal prime minister boris johnson never tires of s

health division. they are paying $7.6 billion in cash and stock that drives down the stock for bear animal health they lost 8% of the value and would have been down more if it wasn't hammered. why does wall street hate this transaction? when they were spun off by lily, the company left them with $2.5 billion worth of debt. beyond that bank of america downgraded which is why it got hit again today. they acknowledge the deal could potentially workout, they are worried about the uncertainty factor we know which part of the portfolio they will need to die vest to get trust approval, we didn't have a bunch of clarity on what the growth rate will look like for combined business. the business from bayer is slowing down 2% and it will own 15% of the company, which may be a quick sell for them. for me, the sellers here made a serious mistake. when i looked at the deal, i saw a stroke of genius after the merger, they will be the second largest animal health company on earth and says the combination will be adde

brooke: there were reports earlier this week that they are making progress in selling their animal health division. what sort of price you expect for that? markus: in our models we have 4.5 to 5.5 ilion -- $5.5 billion. we have had amounts close to 8 billion euro, which would be a positive surprise. right now we are calculating around 5 billion. , in: to wrap it all up order to move forward with other parts of their business, highlight their underlying growth, how quickly do they need to resolve the monsanto/roundup thing? markus: if they would be quick in settling this, i think they could do it by the end of this year or at least the beginning of next year. them told then help focus on the restructuring , and alsohich is huge a portfolio change. alix: thanks so much. er and brooke sutherland, thank you very much as well. coming up, taking look at crude, a brutal week for the commodity. the outlook is fragile. oil is climbing higher. more on what i'm watching next. the pound dropping to the lowest level since january 2017 after the u.k. economy unexpectedly fell in the second quarter. it

elanco animal health agreed to buy bayer's animal health unit. that will create one of the biggest standalone veterinary medicine companies. will finance the acquisition with a combination of cash and stock. today, wall street regulators are set to roll out an overhaul of the volcker rule, meant to respond to bankers' complaints about responding to demands. your bloomberg business flash. david: thanks so much. trouble with the curve. financials are following the yield curve lower, and i spoke exclusively to brian moynihan, bank of america ceo, about whether net interest margins will hurt his business. brian: the difference between our asset yields and liability yields is about 2.4% now. in 2015 it was 2.2%. since that time, we have $70 billion more in loans, $200 billion more in deposits. we have more raw material running through that percentage. joining us now on the telephone is jeff harte, sandler o'neill analyst. michael antonelli of baird is still with us. give us a sense of where we are with the banks right now. how badly will they be hurt