Reuters Insider - U.S. Morning Call: Pfizer to buy Allergan for $160 billion

Tuniu

23/11/2015 13:41

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 https://insider.thomsonreuters.com/link.html?cn=share&cid=1525916&shareToken=Mzo3M2VlYWNmOS03ZThkLTQ0YWMtYmFjNC0zZGYwOWVlNGVkYjM%3D&playerName=ReutersNews 
                                                                       
 Source:             Thomson Reuters                                   
                                                                       
 Description:        Pfizer has agreed to buy Allergan, maker of Botox, 
                     for around $160 billion to create the world's     
                     biggest drugs maker. Shares in both companies are 
                     falling ahead of the Wall Street open.            
 
 
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 Short Link:  http://reut.rs/1PV75fy  
 
 
Transcript (May be auto-generated)

                 Good morning. Pfizer is buying Allergan in a deal valued at around $160 billion.
This will create the world's largest drug maker. It may also prompt outcry 
during a presidential election cycle as it would allow Pfizer to redomicile from
New York to Ireland to benefit from a much lower corporate tax rate. Let's see 
how that's affecting shares. Both pharma stocks are down around 2% in the 
pre-market. Peabody Energy's shares look ready to rise 15%. The coal miner 
agreed to sell its New Mexico and Colorado coal assets to Bowie Resource 
Partners for more than $355 million in cash. Another gainer comes from the 

tourism sector. US listed shares of 'Tuniu' are climbing more than 14.5% ahead 
of the open. The Chinese online travel company says its getting an investment of
$500 million from a unit of HNA Group, which owns Hainan Airlines. Let's take a 
look how Wall Street may start the week. The Dow, S&P and NASDAQ are treading 
water. Watch out for existing home sales and manufacturing sector numbers out 
later, which could give us more clues on the health of the US economy. Strong 
numbers may increase expectations of a December rate hike. And finally, Cyber 
Monday is being moved to Sunday at least at Wal-Mart! 2,000 of Wal-Mart's Cyber 
Monday deals will begin this Sunday at 8pm eastern. Now that many have fast 
internet in their homes, Wal-Mart is offering sales Sunday night – so people 
don't have to wake up early to have access to the deals on Cyber Monday. That 
move comes as retailers are trying to lure shoppers in the most important 
holiday shopping season. And that's today's morning call. I'm Chitra Nawbatt and
this is Reuters