Stocks Extending Rally, Merck Spin Off, Spotify CEO “we bought the next ESPN,” Tesla Tumbles

Carl Quintanilla, Jim Cramer and David Faber discuss the current market rally. Investors recovering from a recent drop sparked by coronavirus fears. A report says a research team at Zhejiang University has found an effective drug to treat people with new coronavirus. Confirmed cases in China are nearing 25,000, claiming the lives of 490 people. Plus, insight from David Faber on Merck’s plan to spin off women’s health, legacy brands and its biosimilars business. Spotify delivers results, commenting on The Ringer Acquisition its CEO Daniel Ek says “we bough the next ESPN, and we think that’s going to be a tremendously valuable property as we look at the development of sports over the next decade.”  Tesla’s stock getting slammed after a massive rally to start the year.