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S&P affirms U.S. investment-grade ratings after presidential election

Donald Trump won the U.S. presidential election in a stunning upset, and will take office in January, with the Republicans maintaining majority control of the House of Representatives and the Senate. “We assume the longstanding institutional strengths and robust checks and balances of the U.S. will support policy execution in a Trump administration, despite the president-elect's lack of experience in public office, which raises uncertainty on policy proposals,” the ratings agency said.

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S&P affirms U.S. investment-grade ratings after presidential election

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Exclusive: Pfizer, Allergan CEOs agree on combined company roles – sources

Pfizer Inc and Allergan Inc chief executives have agreed on the roles they would assume in a combined company, removing one of the last hurdles to the largest ever healthcare merger, people familiar with the matter said. Pfizer CEO Ian Read will be CEO of the combined company, while Allergan CEO Brent Saunders will have another very senior role, the people said on Friday, without providing more details. Pfizer and Allergan declined to comment.

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Exclusive: Pfizer, Allergan CEOs agree on combined company roles – sources

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Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources

A break-up fee of that amount, to be paid by Pfizer if it were to walk away from the Allergan deal, would show confidence that the regulatory risk to the merger does not pose an existential threat, despite the U.S. Treasury planning this week to tighten the rules on corporate tax inversions, a key aspect of their plan. The break-up fee…

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Exclusive: Pfizer negotiating 2-3 percent Allergan break-up fee – sources