Blackstone Enters Final Round of Bidding and 1 In-Demand Stock Trading Today
Blackstone Group (NYSE:BX) and New Hope Group have entered that last round of bidding for poultry producer Inghams Enterprises in a deal that may have a value up to $1.5 billion, according to Reuters, citing sources. Furthermore, Germany has intentions to buy a 3 percent stake in EADS (EADSY) from France while the two governments attempt to take equal stakes in the Airbus parent, reports the daily Handelsblatt, indicating that Germany will acquire fewer EADS shares from Daimler (DDAIF) than was previously expected, which forces the carmaker to sell shares in the open market, Reuters has reported.
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Pfizer Inc. (NYSE:PFE) has reduced the price of Viagra in Canada to compete with generic versions of the drug. On Thursday, the New York drugmaker’s Canadian operation stated that the price will be cut across the country, and this will be announced via both newspaper and online ads. Pfizer, most prominent drugmaker by revenue, was hit hard by generic competition in the past year. Also, the company lost U.S. patent protection for Lipitor nearly a year ago. Various companies have begun to make generic versions of that drug, which has long been the world’s top seller. Viagra has gained $517 million in sales in Q3, and it has become one of Pfizer’s top-selling drugs. Generic versions will likely not reach the U.S. market until late 2019.
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