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New U.S. tax law kills multi-billion dollar pharmaceutical merger

Name: New U.S. tax law kills multi-billion dollar pharmaceutical merger
Uploaded: 2016-04-06T15:15:01-0400
Duration: 1 min 4 s
Description: Pfizer and Allergan scuttled its $160B merger after a new U.S. Treasury rule to curb companies from moving overseas for tax purposes; meanwhile, GAP gets into hot water for a possibly racially insensitive ad; Your Wednesday afternoon MoneyWatch headlines.

Pfizer and Allergan scuttled its $160B merger after a new U.S. Treasury rule to curb companies from moving overseas for tax purposes; meanwhile, GAP gets into hot water for a possibly racially insensitive ad; Your Wednesday afternoon MoneyWatch headlines.