And so, another working week will soon draw to a close. Not a moment too soon, yes? This is, you may recall, our treasured signal to daydream about weekend plans. Our agenda is on the busy side, actually. We plan to attend another installment in our Let’s-see-them-before-they-die concert series, hang with assorted short people, and catch up on some reading. A few naps will be sprinkled about, as well. And what about you? Spring is supposedly here, so you might want to return your shovel to the shed and enjoy the great outdoors. You could take in a moving picture, spend time with someone special, or with the musical chairs being played in Washington, perhaps this is a good time to fortify your bunker. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon …
GlaxoSmithKline (GSK) withdrew from the bidding for the Pfizer (PFE) consumer health care business. In a brief statement, Glaxo chief executive Emma Walmsley says that, “while we will continue to review opportunities that may accelerate our strategy, they must meet our criteria for returns and not compromise our priorities for capital allocation.” For its part, Pfizer plans to continue evaluating options for the business, which was expected to fetch up to $20 billion. Glaxo was seen as the front-runner and it is not immediately clear whether there were other offers.
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