Monday, November 23, 2015

Pfizer to buy Allergan in world's largest ever health care deal

Pfizer announced Monday it will buy Allergan for $363.63 a share, or about $160 billion in the biggest deal ever in the health sector. The plan will allow the New York-based drug giant to relocate to Ireland to cut its U.S. tax burden.
The deal represents a premium of over 30 percent based on the price of the companies' unaffected shares as of Oct. 28, Pfizer and Allergan said in a joint statement.
Pfizer stock was down 3.3 percent Monday, and share prices of Allergan were down 2½ percent.
"Through this combination, Pfizer will have greater financial flexibility that will facilitate our continued discovery and development of new innovative medicines for patients, direct return of capital to shareholders, and continued investment in the United States, while also enabling our pursuit of business development opportunities on a more competitive footing within our industry," Pfizer Chief Executive Ian Read said.
Allergan shareholders will receive 11.3 shares of the combined company — Pfizer PLC — for each Allergan share, while current Pfizer shareholders will receive one share of the new company for each share they own.
The deal, the largest ever in the health care sector, is expected to close in second half of next year.
It is also sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called "inversion" that would slash its corporate tax rate.

Pfizer announced Monday it will buy Allergan for $363.63 a share, or about $160 billion in the biggest deal ever in the health sector. The plan will allow the New York-based drug giant to relocate to Ireland to cut its U.S. tax burden.
The deal represents a premium of over 30 percent based on the price of the companies' unaffected shares as of Oct. 28, Pfizer and Allergan said in a joint statement.
Pfizer stock was down 3.3 percent Monday, and share prices of Allergan were down 2½ percent.
"Through this combination, Pfizer will have greater financial flexibility that will facilitate our continued discovery and development of new innovative medicines for patients, direct return of capital to shareholders, and continued investment in the United States, while also enabling our pursuit of business development opportunities on a more competitive footing within our industry," Pfizer Chief Executive Ian Read said.
Allergan shareholders will receive 11.3 shares of the combined company — Pfizer PLC — for each Allergan share, while current Pfizer shareholders will receive one share of the new company for each share they own.
The deal, the largest ever in the health care sector, is expected to close in second half of next year.
It is also sure to draw political ire in a U.S. presidential election year because Pfizer would redomicile to Ireland, where Allergan is registered, in a so-called "inversion" that would slash its corporate tax rate.
"Given the price tag we're seeing them pay for Allergan, I think it's tough to justify without the tax benefits. There's a bit of strategic overlap; there would be some accretion and it adds to Pfizer's growth, but it really is that tax benefit at the end of the day that Pfizer's been very vocally pushing for," Vamil Divan, an analyst at Credit Suisse, told CNBC's "Squawk Box."
"It's the great failing of our government administration that we can't have a competitive tax rate, but there's no question there's going to be — at the minimum — a lot of headline risk," Barbara Ryan, partner at strategy firm Clermont Partners, said in another "Squawk Box" interview.
Still, Read told CNBC's "Squawk on the Street" he'd try and complete the deal regardless of the tax benefits. "But I suspect the price would be different."
The takeover reignites debate in the pharmaceutical industry over the role of research and development, with Allergan Chief Executive Brent Saunders, a prolific dealmaker and a skeptic of in-house drug discovery, joining the combined company in a position to influence its strategy.
"The combination of Allergan and Pfizer is a highly strategic, value-enhancing transaction that brings together two biopharma powerhouses to change lives for the better," Saunders said.
Pfizer's Read, 62, will be CEO of the combined company, with Allergan's Saunders, 45, serving in a very senior role focused on operations and the integration.
Saunders will also have a seat on the combined company's board.

Wednesday, February 26, 2014

Seth Meyers' 'Late Night' debut: What's the verdict? : Media Social Gossip


(CNN) -- Seth Meyers had big shoes to fill on Monday night.
Meyers took over the "Late Night" chair from former "Saturday Night Live" alum Jimmy Fallon, who arguably had a great run as that show's host as he crafted now-pop culture favorites like "Slow-jamming the News" and "The History of Rap."
So how did Meyers do with his debut? The reviews are in, and they range from "meh" to middling.
The Daily Beast, which thought Meyers got "off to a rocky start on 'Late Night,'" noted that the newcomer "had a few missions to accomplish when we ran into him on Monday night."
From 'Saturday Night' to 'Late Night'

"He had to prove that Fallon's reign isn't a fluke, that late night really can be a home for the affable and good-natured," the Daily Beast's Kevin Fallon wrote. "And, most importantly, he had to show that the acute and observant brand of humor he displayed for 12 and a half years on 'Saturday Night Live,' many of those years spent as head writer and host of 'Weekend Update,' translates to the late-night talk show format."
Fallon (we are assuming no relation to Jimmy) said it was "mission only sort of accomplished."
Jimmy Fallon's debut on "The Tonight Show" last week was as big as his personality. It featured a performance by the band U2 and plenty of laughs with guest Will Smith and some of Fallon's famous friends, including Stephen Colbert and Tina Fey. Meyers also got a little help from his friend Amy Poehler, who was one of his first guests along with Vice President Joe Biden. Poehler, and Meyer's former "SNL" castmate, Fred Armisen was also part of the show as the leader of "Late Night's" band.
Meyers even paid homage to Fallon in the form of a letter he wrote to his predecessor, and which he read during the opening of the show. So many nods to his "SNL" past seemed to make sense toThe Los Angeles Times, which observed that Meyers' "monologue was reminiscent in style and cadence to his 'Weekend Update' segments, full of rapid-fire one-liners about the day's headlines."
"Though he lacked the giddy enthusiasm that marked Fallon's first 'Tonight' outing last week, Meyers frequently acknowledged the show as a work in progress, noting that a monologue joke about UPS had bombed with the studio audience and making fun of his low-budget graphics," the L.A. Times' Meredith Blake wrote.
Entertainment Weekly's Darren Franich gave the debut a grade of "B."
"I laughed at the premiere of 'Late Night with Seth Meyers' less than I laughed at 'The Tonight Show starring Jimmy Fallon,'" Franich wrote. "But I laughed more at Seth Meyers than I did at Jimmy Fallon."
Music critic Ken Tucker was impressed, tweeting, "Jeez, @sethmeyers @LateNightSeth makes eye contact, subtly refers to cards, responds to what guests say ... he's, like, an actual TALK show host!" Others, too, seem willing to give Meyers some time to find his footing.
Michael Starr of the New York Post wrote that Meyers "eventually found his sea legs and drove his new 12:35 p.m. show to a solid, if unspectacular, debut. ... He's charming with a certain 'aw shucks' demeanor that doesn't seem forced or contrived, and he'll have plenty of time to grow into his new role as a late-night host," Starr said.

Tuesday, February 25, 2014

First impressions of the Samsung Galaxy 5


The Samsung Galaxy S5 probably isn't the reinvention of the smartphone. But unlike last year's Galaxy S4, there's a good chance some of the new features announced could be of actual use to normal human beings.

Of course, a few minutes with the Galaxy S5 wasn't enough time to reach a full verdict on the phone, but it was enough to get a basic feel for what Samsung's (SSNLF) latest offering can and can't do.

Display
The 5.1 inch display has the same 1080p resolution as last year's 5-inch screen, but due to some new technology, it's definitely brighter, which at the very least, makes everything look nicer. And according to Samsung, the special technology which makes that screen brighter also improves performance in direct sunlight. At the expense of your battery, of course.
Fingerprint Scanner
Like the iPhone 5S, the fingerprint scanner is probably the most eye-catching of the new features, which adds an extra level of security and/or convenience to the device. While it does require you to swipe your whole finger pad over the sensor (unlike the iPhone, which simply lets you place it on the sensor), it worked smoothly the few times I was able to use it.
Power Saver
Battery life matters! Samsung put a slightly bigger battery in the Galaxy S5, but the more important thing was to offer up a useful power saver feature which lets you know what parts of the phone to turn off, and how much battery life that will gain you. It's most extreme mode will actually shut down LTE, cut you off from the vast majority of your apps, and turn the screen grey scale, apparently allowing it to last for days without a charge
Camera
Samsung's new phase detection auto-focus means that the camera is now capable of a nice blur effect in the background when you photograph an object up close. The shutter was reasonably fast with bright indoor light, though it did seem to have trouble handling a couple of weird lighting situations and slowed down considerably. How much the image quality has or hasn't improved over the S4 is still to be determined, however.

Weatherproofing
There was no way to really test how worthy the water and dust-resistant features were (save for dumping a bottle of water on it?), but if the weatherproofing is half as good as Samsung claims it is, everyone wins.
Hardware Design
The hardware design of the phone isn't much better, or even different, than it has been in years' past. If you like it, you like it. (I don't.) The texture and material used on the back is much improved and makes the phone feel less cheap when you're holding it, but the colors to choose from are mildly depressing. And when it comes to size and pocketability, at this point, everyone should already know what they're getting into when they buy a 5-inch phone. The Galaxy S5 is big, but it's not completely unwieldy.
Software Design
Samsung's TouchWiz UI is back in its same fundamental form, but it does look better, visually speaking. Fonts and icons generally look cleaner, but everything is still organized in the same manner as past TouchWiz iterations. That said, it doesn't seem like a huge improvement over anything offered up by the likes of Google (GOOGFortune 500),Apple (AAPLFortune 500)Nokia (NOK), or even HTC. And Samsung still hasn't done much to improve the experience running two apps side-by-side.
Heart Rate Monitor
I mean, I guess it's cool Samsung put this on the phone? It doesn't detract from anything at all, but this sensor definitely seems more useful in its new Gear Fit wearable.
At the very least, many of the features included in the Galaxy S5 have more potential than the new features included in last year's model. To what extent that potential is realized will take a little more hands-on time however. To top of page

Monday, February 24, 2014

'Piers Morgan Live' coming to an end, CNN says : Media Social Gossip

CNN's prime-time talk show "Piers Morgan Live" is coming to an end, the news channel said Sunday.
Morgan, who succeeded Larry King in the 9 p.m. EST time slot three years ago, was drawing lackluster ratings. In contrast, King had a 25-year run on CNN.
The airdate for Morgan's last show has yet to be determined, CNN said in a statement.
Morgan is a former U.K. tabloid editor who reinvented himself as a TV personality with stints as a judge on "Britain's Got Talent" and its U.S. spinoff, NBC's "America's Got Talent," and as a contestant on "Celebrity Apprentice."
He hosted BBC's "You Can't Fire Me, I'm Famous," and did interview shows and documentaries for ITV.
Morgan told The New York Times that his show lately has "taken a bath in the ratings" but that he and CNN President Jeff Zucker were discussing a new role for him at the channel. CNN's audience has tired of hearing a Brit weigh in American cultural issues, Morgan said in a story posted online Sunday.
CNN did not comment on Morgan's future with the channel.
Last fall, the already struggling "Piers Morgan Live" faced increased competition from a revised Fox News Channel lineup that included a strong new performer at 9 p.m. EST with Megyn Kelly's "The Kelly File."
Morgan served as editor of The Daily Mirror from 1995 to 2004. He has been questioned in connection with Britain's long-running phone hacking scandal, which has led to numerous arrests, resignations and the closure of Rupert Murdoch's News of the World tabloid.
Earlier this month, Morgan confirmed that he was interviewed in December by British police investigating the illegal interception of telephone voicemails. Morgan, who said he had given a previous witness statement, has consistently denied wrongdoing.

Sunday, February 23, 2014

UFC 170: Ronda Rousey stops Sara McMann in 66 seconds : Media Social Gossip



LAS VEGAS — Ronda Rousey made some more history on Saturday.
The Ultimate Fighting Championship women's bantamweight champ notched the fastest knockout in UFC women's history, and she also finally won a fight by something other than her trademark armbar. Rousey stopped Sara McMann just 66 seconds into their fight with a TKO stemming from a knee to the liver.
The women's bantamweight title bout was the main event of UFC 170 event at Mandalay Bay Events Center in Las Vegas.
CO-MAIN EVENT: Cormier dominates Cummins
Both fighters came out swinging right away, and after the dust settled, Rousey pushed the challenger to the fence and landed knees on her. Rousey looked for an opportunity for her trademark judo throw. But McMann defended it.
But soon after, Rousey hit McMann with a knee to the body. She followed it with an elbow, another knee, another elbow — and then a final knee that put McMann on the canvas.
Once there, Rousey was quick to pile on with three strikes before referee Herb Dean jumped in to stop the fight. McMann wasn't covering up.
The crowd booed what it deemed was an early stoppage. But for the first time in her career, Rousey had a non-armbar finish. The TKO win came just 66 seconds into the fight.

"We studied her videos and knew it was the best thing to concentrate on the liver shot for this camp," Rousey said. "The knee has been working for me the most throughout sparring in this camp."
McMann stayed gracious in defeat and wouldn't say Dean's stoppage was early.
"I thought it was a good fight. I got hit in the liver, and no matter how hard you train, you can't get your liver stronger," McMann said. "I hope to get a rematch and come back here and put on a better fight. I was trying to get back up, but it's my own fault. I should've gotten back to my feet quicker."
Rousey (9-0 mixed martial arts, 3-0 UFC) stayed unbeaten and notched another first-round win, the eighth of her career. McMann (7-1, 1-1) suffered the first loss of her MMA career.
Full UFC 170 results:
Ronda Rousey def. Sara McMann via TKO (strikes) — Round 1 (1:06)
Daniel Cormier def. Patrick Cummins via TKO (punches) — Round 1 (1:19)
Rory MacDonald def. Demain Maia via unanimous decision (29-28, 29-28, 29-28)
Mike Pyle def. T.J. Waldburger via TKO (strikes) — Round 3 (4:03)
Stephen Thompson def. Robert Whittaker via TKO (strikes) — Round 1 (3:43)
Alexis Davis def. Jessica Eye via split decision (28-29, 29-28, 29-28)
Raphael Assuncao def. Pedro Munhoz via unanimous decision (30-27, 30-27, 30-27)
Aljamain Sterling def. Cody Gibson via unanimous decision (29-28, 29-28, 29-28)
Zach Makovsky def. Josh Sampo via unanimous decision (30-27, 30-27, 29-28)
Erik Koch def. Rafaello Oliveira via TKO (punches) — Round 1 (1:24)
Ernest Chavez def. Yosdenis Cedeno via split decision (28-29, 29-28, 30-27)
Matt Erickson writes for MMAjunkie.com, part of the USA TODAY Sports Media Group.

After years on run, Sinaloa cartel chief 'El Chapo' Guzman arrested : Media Social Gossip

(CNN) -- After eluding capture for more than a dozen years, the legendary boss of one of the world's most powerful and deadly drug trafficking operations was nabbed in a surprise raid on a seaside hotel-condominium tower in a bustling Mexican beach resort, authorities said.
Joaquin "El Chapo" Guzman, who infamously escaped in 2001 from a high-security prison in a laundry cart, was arrested early Saturday in Mazatlan without a single shot being fired, authorities said.
A U.S. law enforcement official told CNN that Guzman, accompanied by a female, was captured in a joint operation of Mexican marines and U.S. Drug Enforcement Administration agents that was in the works for four or five weeks.
The pressure on Guzman's organization, the Sinaloa cartel, had been mounting for months, with Mexican authorities killing or capturing several of its most brutal lieutenants, a U.S. law enforcement official said.
Those operations yielded information, including cell phone and other data, that helped Mexican authorities and U.S. drug enforcement agents track Guzman down.
At a Mexico City news conference, Attorney General Jesus Murillo Karam said authorities came close to capturing Guzman, believed to be in his mid-50s, earlier this month.
Guzman apparently moved around several homes in Culiacan, Sinaloa, connected by an elaborate network of tunnels also linked to the city's sewer system, Murillo Karam said. The doors of the seven homes were reinforced with steel, he said, which enabled Guzman to escape via tunnel before marines could break down the doors.
On other occasions, authorities decided against attempting to apprehend Guzman in public places.
Murillo Karam said forensic experts had "100%" confirmation of Guzman's identity. Authorities also seized a weapons cache that included 97 large guns, 36 handguns, two grenade launchers and a rocket launcher.
Mexican government footage showed a handcuffed Guzman, with a dark mustache, being escorted by masked marines in Mexico City.
A U.S. Homeland Security official said key intelligence in the capture came from an Immigration and Customs Enforcement investigation.
John Torres, a former ranking ICE official, told CNN that information leading to Guzman's capture actually started to develop about five years ago after the Arizona arrests of several people connected to the drug cartel. ICE and Homeland Security were the lead agencies in that investigation.
Mexican President Enrique Peña Nieto, via Twitter, recognized the work of Mexican security forces in the historic arrest.
Phil Jordan, who spent three decades with the DEA and headed the agency's El Paso Intelligence Center, said the arrest represents a huge blow to the Sinaloa cartel.

"It is a significant arrest, provided he gets extradited immediately to the United States," Jordan told CNN. "If he does not get extradited, then he will be allowed to escape within a period of time.
"When you arrest the most powerful man in the Americas and in Mexico, if you talk to any cartel member, they'll say that he's more powerful than Mexican President Peña Nieto. This would be a significant blow to the overall operations not only in the Americas, but Chapo Guzman had expanded to Europe. He was all over the place. If he is, in fact, incarcerated, until he gets extradited to the United States, it will be business as usual."
In Washington, U.S. Attorney General Eric Holder called the arrest "a landmark achievement, and a victory for the citizens of both Mexico and the United States."
"Guzman was one of the world's most wanted men and the alleged head of a drug-running empire that spans continents," Holder said in a statement. "The criminal activity Guzman allegedly directed contributed to the death and destruction of millions of lives across the globe through drug addiction, violence, and corruption."
A senior administration official described the arrest as "huge" and said it was "a Mexican-led operation, but one with very strong U.S. government support."
"This has been a long time coming, and hopefully puts a rest to the nonsense that this Mexican government isn't focusing on security and that the U.S. and Mexico aren't working well together," the official told CNN. "They are, and we do."
In Chicago, where the city's crime commission last year named Guzman its Public Enemy No. 1 -- a designation originally crafted for Al Capone -- authorities praised the arrest. Chicago is among the major destinations of the cartel's drug flow.
"The arrest of Chapo Guzman is significant," police Superintendent Garry McCarthy said in a statement. "This is a victory, but we know the tentacles of his cartel still exist and much more work remains to be done. Demand for narcotics will still remain, so we will continue to partner with the DEA as they fight international drug trade, and we will remain focused on our efforts to eliminate the factors that drive violence in our city."
From New York to Chicago, Texas to San Diego, Guzman and his lieutenants are named in indictments for marijuana, cocaine and heroin trafficking, as well as racketeering, money laundering, kidnapping and conspiracy to commit murder.
In Mexico, the diminutive Guzman became a larger-than-life figure as he eluded authorities while expanding a drug empire that spanned the world. His life story became the topic of best-selling books and the subject of adoring songs known as narcocorridos.
In the United States, he is wanted on multiple federal drug trafficking and organized crime charges.
His nickname, which means "Shorty," matches his 5-foot-6-inch frame.
Guzman escaped from a high-security Mexican prison in 2001, reportedly hiding in a laundry basket. Throughout the years, he avoided being caught because of his enormous power to bribe corrupt local, state and federal Mexican officials.
"When you arrest Chapo Guzman you're arresting the leader of all the cartels," Jordan said. "This guy had a hand in everything, and he owned every politician."
Guzman has been included in Forbes' World's Most Powerful People list since 2009. Forbes estimated his fortune at more than $1 billion.
Guzman is wanted on numerous drug trafficking and organized crime charges in Mexico and the United States, which had offered a $5 million reward for information leading to his arrest and had sought his extradition in the past. His drug enterprise stretches throughout North America and reaches as far away as Europe and Australia.
The Sinaloa cartel has been blamed for its role in the bloody drug war that has plagued Mexico in recent years and lefts tens of thousands of people dead.
Guzman was born in Badiraguato, Sinaloa, at a time when the drug trade was evolving, and began his career in the drug trade working for powerful drug lord Miguel Angel Felix Gallardo, according to a biography by Time. He founded his own cartel in 1980, and quickly established outposts in a number of states, eventually inheriting some of his mentor's territory, according to Time.
Guzman's arrest caught Jordan and other observers by surprise.
"There is no way that I would have bet that they would have ever arrested him under this administration unless he double-crossed somebody or didn't make the full payments on bribes," Jordan said, citing Guzman's alleged ties to the ruling Institutional Revolutionary Party. "Something went wrong."

Jimmy Fallon and Justin Timberlake Perform ‘History of Rap’ on The Tonight Show : Media Social Gossip

WATCH HERE: http://www.youtube.com/watch?feature=player_embedded&v=0NO0rArJRR4


Last night on The Tonight Show Starring Jimmy Fallon, the late-night host and Justin Timberlake brought down the house with a fifth installment of the duo’s immensely popular “History of Rap” series.

The fifth medley features LL Cool J, Run DMC, Outkast, Ludacris, Jay Z, and Kanye West. In the middle of the performance, Fallon gets a little carried away covering N.W.A.’s “Straight Outta Compton,” so Timberlake actually stops him and asks “You’re straight out of Compton? Out of curiosity, how does one get straight out of Compton?”