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Pfizer seals $160bn Allergan deal to create drugs giant

Pfizer and Allergen PLC have agreed to a $160 billion inversion deal, which allows the newly created company, Pfizer PLC, to take advantage of a lower corporate tax rate. Pfizer PLC will become the largest pharmaceutical in the world in terms of sales, which would be a combined $60 billion ...

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The Defeat of Global Poverty Is Capitalism’s Triumph

This article by Marian J Tupy discusses globalization and its effect on global poverty. The author highlights the rise in worldwide standard of living that comes along with globalization, as well as the drop in poverty that is associated with economic growth. Historical background is given to emphasize the role that ...

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