The Presidential Daily Brief

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  1. Pharma Firms Join Forces, Haliburton Buys Rival

    Allergan, the maker of Botox, has been bought out for about $66 billion by Actavis, creating one of the world’s largest pharmaceutical firms and fending off a potential hostile take-over from a competitor. Meanwhile, Halliburton is acquiring rival Baker Hughes in a $34.6 billion deal, aiming to streamline the two companies (layoffs are expected). The oil-field agreement could be a sign of things to come in a world where oil prices have plummeted and companies are reconfiguring for the future.

    Fortune, USA Today

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