THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: Take a look now at some of our other top stories at this hour. Philip Morris won a court victory when a judge reduced a record $3 billion verdict against the company to $100 million. Nonetheless, the company hopes to appeal to avoid setting a precedent of paying damages. The judge says Philip Morris will only get a retrial if the cancer-stricken plaintiff does not accept the reduced damages by August 24. A European advisory panel says it will conduct a safety review of other drugs in the same class as the cholesterol drug Baycol one day after Bayer withdrew the treatment because of more than 31 deaths among patients taking it. For more on Philip Morris and some other stocks to watch this morning, we go now to Jen Rogers, live at Instinet. Hi, Jen.</s>JEN ROGERS, CNN MARKETS EDITOR: Good morning, Debbie. Well, we have not had trades yet on Philip Morris and really trying to find the market there. We do have it bid a little bit higher. Yesterday it was under pressure in the regular session and in after hours. Over on the Big Board yesterday, the stock traded about half of its usual volume as investors waited on the sidelines for this decision. Now it hit the tape a little bit after 7:00. We did not see trades after that, but we will be definitely watching for Big Mo, a Dow component, of course. Pixar, the animation studio, coming out, they beat the Street, they upped their guidance for fiscal year 2001. Shares rallied in the after-hours session up more than 6 percent, but no trades here this morning so far - Debbie.</s>MARCHINI: Thank you very much, Jen. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Philip Morris' $3 Billion Verdict Reduced to $100 Million