Bruce has just purchased 100 shares of Out Clone, Inc. stock. The company is seeking FDA approval for a treatment that relieves the common cold. According to pharmaceutical experts, there is a 50% chance that FDA approval will be granted, and according to market insiders there is an 85% chance the value of the stock will double if FDA approval is granted.

What is the probability that the FDA will approve the treatment and the value of your stock will not double? Show your work.