Stocks Sink on a Warning From Waller, and the Next Big Deals in Biotech 1/16/24

The Dow dropped over 200 points and the Nasdaq snapped a 6-day win streak after Fed Governor Chris Waller suggested the central bank may be slower to cut rates than investors hoped. We dig into the warning and what it means for the markets this year. Plus biotech coming off a banner year for M&A and one top analyst says there may be more to come in 2024. Jefferies Michael Yee lays out his top picks.  Fast Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.