following a report that kraft heinz is planning to acquire the snack company. mondelez was split off from kraft in 2012. mondelez initially rose 10% and extended hours after, ending the regular session down a half percent at $42.83. >>> and shares of express scripts didn't expect the trump presidency to impact fiscal 2017 forecasts. shares dropped 3.5% to $70.52. >>> department of justice reportedly filed the first criminal charges in its generic drug price fixing probe. as first reported by bloomberg, the agency accused two former executives from privately held heritage pharmaceuticals of colluding with other generic drug makers to fix prices. these are the first charges stemming from a two-year investigation that involved more than a dozen companies. >>> pharmaceutical executives are meeting in washington to discuss one of the most pressing issues in health care. rising drug prices. finding a prescription for the problem is complex, and as meg tirrell reports, industry leaders are preparing for a lot of change under the new trump administration. >> reporter: the price of drugs
utilities, as well as consumer staples. so colgate, kraft, pepsi all down on the month. the biggest drag from big-cap names. facebook, qualcomm, cisco, alphabet and even apple, all tech makes down on the month. the problem traders believe they're using technology stocks as sources of funds to buy more attractive sectors like industrials and banks and energy stocks. as for december, historically, here's the problem. it's expensive now. stocks are expensive because 2017 will see higher earnings partly because of the economy and they believe trump's agenda of lower taxes, fiscal stimulus, will be a powerful engine to rev up revenue growth. well, maybe. but right now, no one is changing the 2017 earnings estimates, at least not until they see more details. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> private employers hired more workers than expected. adp said the private sector added 216,000 new jobs this month. and the report showed job growth across the board among small, medium and large businesses. >>> americans' personal income rose in october.
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