Democratic candidate Sanders condemns Pfizer-Allergan deal as 'disaster'

[think]

Democratic candidate Sanders condemns Pfizer-Allergan deal as 'disaster'

Mon Nov 23, 2015 11:56am EST

Nov 23 Democratic presidential candidate Bernie Sanders condemned the Pfizer Inc acquisition of Allergan Plc on Monday and urged the Obama administration to block the deal.

Pfizer said it would buy Botox maker Allergan in a record-breaking deal worth $160 billion to cut its U.S. tax bill by moving its headquarters to Ireland.

"The Pfizer-Allergan merger would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs," Sanders said in a statement. (Reporting by Doina Chiacu; Editing by Bill Trott)


Read more at Reutershttp://www.reuters.com/article/2015/11/23/allergan-ma-pfizer-sanders-idUSL1N13I1E620151123#6pkXzm8Cw0If9jF2.99

[elleng]

1. AND it's a disaster for TAX reasons,

another #### billions lost to the U.S. Treasury, the reason for the deal to begin with.

[JonLeibowitz]

2. Exactly.

The entire point of the "merger" was for a corporate tax inversion.

[restorefreedom]

3. sanders and OM are clearly not on board

i couldn't find a statement yet from Om on this merger, but here is a letter from last year that he wrote with jack markell when pfizer announced its intentions to scoop up astra zeneca. so out of three dem candidates, two are not interested in making the pharms richer. where is clinton? any statements yet?

http://news.delaware.gov/2014/05/08/governors-jack-markell-and-martin-omalley-issue-joint-letters-of-concern-on-potential-acquisition-of-astrazeneca/

[Agschmid]

6. Yup.

http://mobile.reuters.com/article/idUSL1N13I1LD20151123

"We cannot delay in cracking down on inversions that erode our tax base," Clinton, the party's frontrunner for the November 2016 election, said in a statement.

[restorefreedom]

7. do we know what "cracking down" means? nt

[Agschmid]

8. Does Bernie have a plan?

All he said was "it's a disaster" according to that article.

If we are going to parse it...

[restorefreedom]

10. i will guess legislation,

but i would like to see plans from all three candidates. this is a big issue imo

[Agschmid]

12. This is a really big issue especially in our ever increasingly global economy.

[restorefreedom]

13. and tpp.nt

[beltanefauve]

9. Telling them to

"Cut it out! "
(Sorry, I couldn't resist. )

[restorefreedom]

11. lol.! nt

[LWolf]

4. As expected. nt

[UglyGreed]

5. Kick

& R

[beam me up scottie]

14. K & R!