Market Roundup
17,792.68 (-31.13)
$1,067.90 (-$8.40)
$41.86 (-$0.04)
Drugmaker Pfizer (PFE) just threw a gauntlet down at Uncle Sam’s feet.

The U.S. pharmaceutical giant said it would acquire Allergan PLC (AGN) in a transaction worth about $160 billion in stock, cash, and debt. The deal would combine drugs and vaccines that treat everything from cancer to arthritis to pneumonia, and the wrinkle-fighting treatment Botox and erectile dysfunction product Viagra, under one roof — creating the world’s largest Big Pharma firm.

To read the rest of Mike Larson’s Afternoon Edition, click here ...