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Michael Douglas is speaking out about his battle with stage 4 throat cancer. The Wall Street actor sat down with Matt Lauer on NBC's Today to discuss his current health condition.

Sounding much stronger, Douglas tells Lauer:

    "The odds are, with the tumor gone and what I know about this particular type of cancer, I've got it beat. I feel good, relieved. ... I have to get checked out on a monthly basis now to maintain. I guess there's not a total euphoria. I'll probably take a couple of months of getting checked out. But it's been a wild six-month ride."


The Oscar-winning actor, who is married to Catherine Zeta-Jones, adds:

    "It's put a timeline on my life. I'm 66 now. You know, I'm fortunate. ... It's definitely a third act. And so you're a little more conscious of your time in how you choose to spend it."


Douglas is gearing up to star as Liberace in an upcoming film. He says, "I'm going to get my fingers ready."

Just this morning, his two young children with wife, Catherine, headed to school in NYC. We're sure his daughter, Carys Zeta and son, Dylan Michael are thrilled with dad's prognosis.

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