Portal:Current events/2015 November 23

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Armed conflicts and attacks

Business and economy
  • American
    Allergan, Plc announce plans to merge to form the world's largest drug company. The merger is subject to approval from regulators in the U.S., European Union and elsewhere as well as approval by shareholders of both companies. If approved, the deal will reduce tax revenue paid to the U.S. by approximately $930 million. (Reuters via The Washington Post) (AP via Denver Post)
    • A Washington University in St. Louis (U.S.) international tax law expert says this deal is the biggest merger involving tax inversion, i.e., relocation of a corporation's legal domicile to a lower-tax nation, usually while retaining operations in its higher-tax country. "None of the special anti-inversion laws and regulations issued by the federal government will apply to Pfizer post-merger," Professor Adam Rosenzweig, JD, said. Rosenzweig believes this deal will encourage more U.S. companies to follow Pfizer's approach in future mergers. (Washington University)

Disasters and accidents

International relations
Politics and elections

Science and technology
  • A new
    United Nations Office for Disaster Risk Reduction (UNISDR) suggest the cost has been between $250 and $350 billion per year, i.e., total of $5 trillion/$7 trillion. The report concurs with findings of previous studies that weather disasters are on the rise compared to previous decades. Flooding, in particular, is becoming more frequent and more devastating as sea levels continue to rise. (UPI)
  • Blue Origin launches the unmanned rocket New Shephard to the edge of space (100.5 km) and lands safely upright on its original launch pad in Texas, becoming the first organization to do so. (press release) (WSJ)