Drugmakers  Announce Merger

Drugmakers Announce Merger

Pharmaceutical giants Pfizer Inc. and Allergan on Monday announced a $160 billion merger that would create the world’s largest drugmaker with high-profile products such as Botox, Lipitor and Viagra, while increasing pressure on Washington policymakers to address corporate tax policy because the deal would shelter the new firm’s global earnings. Although New York-based Pfizer is the larger company, the deal is structured so that...

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