A few days ago between two companies was signed an agreement for $ 150 billion. It was the merger of two large companies – manufacturer of drugs and vaccines Pfizer and Allergan, which producing cosmetics and botox.
The deal was struck not only to consolidate or improve its production system. The main reason for the merger is that Pfizer will receive tax benefits. By transferring their tax center on the base of Allergan in Ireland (the so-called tax inversion), Pfizer will reduce the tax rate to 17% or 18% from its approximately 25% of the rate at the moment, because corporate taxes in Ireland is lower than in the United States.
Because of unfavorable for the company tax rate, Pfizer executives thinking about how to split the company for many years, but worried that being too small it will not stand in the business world. Now Pfizer together with Allergan will become the world’s largest company for the production of medicines with the number of employees more than 110,000.
This Monday, the heads of both companies expressed their assumptions about the fact that in 2018 the combined company may be divided. Perhaps this is due to the rapid fall in the shares of both companies. Shares of Pfizer fell for 2.7%, while the company Allergan lost 3.4% on Monday.
However, a joint business is now focused on the fact that the company will be engaged in new drugs, such as, for example, drugs against breast cancer, as well as the production of Botox.
As for the joint future, of the two large companies , the executive director of Pfizer Ian Reid said that the success of the merger he estimates 50 to 50. Apparently executives fear that the US government may in the future respond to such “inversion” of the transaction. However, significant changes in this regard in the corporate tax code of the United States have not been yet made.
Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]
Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]
Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]
From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]
Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]
3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]
In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]
Проект, що його розробляє уряд, визначає введення 10% збору на купівлю іноземної валюти імпортерами. Деталі ініціативи Кабміну повідомив нардеп Ярослав Железняк, який є заступником голови податкового комітету Верховної Ради. “Тут варто зазначити, що обрана концепція не передбачає додаткових імпортних мит (що є складним при адмініструванні), а визначає запровадження 10% збору на валютообмінні операції із купівлі всіх […]
Toyota Motors has introduced two cars Lexus IS and Toyota Mirai with new autonomous driving functions. New Advanced Drive assist technology includes a second-level autonomous system that helps drive the car by restricting the car’s lane, maintaining distance from other vehicles and changing lanes under the supervision of the driver. According to Toyota CEO James […]Next
Bitcoin continues to rise after falling in September. The Independent reports. This week, Bitcoin returned to above $ 50,000. Also, other cryptocurrencies – Ethereum, Binance Coin and dogecoin – have grown by about 15-30%. Now the total cryptocurrency market is estimated at almost 2.2 trillion dollars – 15% more than in early October. “After a […]Next
The British medical regulator is considering restricting the use of the coronavirus vaccine by the British-Swedish company AstraZeneca and Oxford University among young people due to concerns about the formation of blood clots. This was reported on Tuesday by The Times. A similar decision could be made, according to her, the Agency for the Control […]Next
Automaker Lamborghini has recreated the very first copy of the famous Countach supercar, built in 1971. The project is dedicated to the 50th anniversary of Countach. This was reported by the press service of Lamborghini. “The Lamborghini Countach LP500 debuted at the Geneva Motor Show in March 1971 and marked a new era not only […]Next
Lviv Bus Plant (LAZ) won the case from the communal enterprise Kyivpastrans in payment for delivering to the communal enterprise trolleybuses for over 118 million UAH in 2012. On March 16, the Kiev Commercial Court ordered the Kievprastrans to pay Lviv Bus Plant (LAZ) Ltd. more than 118 million UAH for the delivered trolley buses, […]Next
The deputies of the Verkhovna Rada of Ukraine (VRU) supported in the second reading a bill amending the law on the abolition of mandatory state registration of foreign investments. For document №2763 on Tuesday, May 31 voted 259 MPs with the required minimum of 226 votes. This bill will help to create the conditions to […]Next
Ukraine is known as an active exporter of grain, ferrous metals and other raw materials. However, a smaller proportion of people know that we are also engaged in the export of diamonds, sugar, such as washbasins. Delo.ua source has published a list of countries that bought Ukrainian products most actively in the past 2016 year […]Next
Infrastructure Minister Oleksandr Kubrak denied his deputy Anna Yurchenko’s statement about toll roads in Ukraine. The day before, she said that six such roads are planned to be built in Ukraine and called the estimated cost of travel on them. “I will explain why this information is not true, and what is really happening,” Kubrak […]Next
The American satellite company Kymeta announced the attraction of $ 85.2 million in the last round of financing. The round was led by Microsoft founder Bill Gates, who invested $ 78.5 million in the startup. Kymeta develops and manufactures high-speed satellite systems and antennas. The main product of the company is a flat satellite antenna […]Next
Indian Pharmaceutical Manufacturers Association unites the representatives of Indian pharmaceutical companies in Ukraine. The executive vice president of the Dr. Reddy’s M. V. Ramana pointed out that Ukraine is one of the key markets in which the activity of the company is focused. International pharmaceutical company Dr. Reddy’s (India) remains optimistic about the Ukrainian pharmaceutical […]Next
Intel Corp. sells to South Korean the SK Hynix Inc. unit in the field of manufacture NAND memory chips and the storage devices for $ 9 billion. The agreement includes manufacturing operations for NAND chips SSD-drives, NAND components and semiconductor wafers, said in the press release from Intel. SK Hynix will also receive the plant […]Next
Ukraine can produce an average of about 5.5 billion cubic meters of “green” hydrogen annually. This was announced on Monday, March 29, by the State Agency for Energy Efficiency. Experts of the United Nations Economic Commission for Europe with the support of the Ministry of Energy and the State Agency conducted studies of the potential […]Next
Jim Hackett, president and CEO of Ford Motor Company, intends to resign. This is stated in the statement, published on August 4 on the company’s website. The new head of Ford from October will be Jim Farley, who is now the company’s chief operating officer. As specified in the document, Hackett in the coming months […]Next
In Ukraine it may soon be a new bank, whose founders will be the Arab leaders of business – community. About this initiative, which sounded Ukrainian-Arab Business Council, informs UNIAN source. This proposal of Council was strongly supported by the authorized persons of the National Bank and the Cabinet. The ofmeeting of business circles of […]Next
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]Next
The most important question about the hryvnia rate is: “How to react to its fluctuations?” No one doubts that they will necessarily take place, and they will be essential. Negative expectations cause the imbalance in buying and selling the currency, due to this, the hryvnia exchange rate is really decreasing. However, skilled players manage not […]Next