Pfizer, AstraZeneca Deal Appears Unlikely; Court Upholds Dismissal of Suit Against Malloy

May 19, 2014

Pfizer's bid for rival pharmaceutical company AstraZeneca appears likely to fail. This comes after the UK business turned down its latest offer. It's just the latest move in a courtship that's lasted several months. Pfizer offered a 15 percent increase on its previous bid -- a total of $119 billion. Central to AstraZeneca's concerns is the worry that Pfizer may strip down its research and development efforts in the UK, something it's done with previous takeovers.

Court Upholds Lawsuit Dismissal

Connecticut’s second-highest court has upheld the dismissal of a lawsuit against Governor Dannel Malloy over executive orders he issued in 2011 allowing low-paid day care and home health care workers to join labor unions. The plaintiffs argued that Malloy exceeded his authority and violated separation of powers principles in the state constitution—they said Malloy’s orders were still having an effect today.

Governor Ready to Sign Legislation

Meanwhile Governor Malloy is poised to sign a bill requiring police officers to take training courses on how to handle situations involving the mentally ill. It’s all part of several health reforms proposed after the Newtown school shooting. Malloy said the training will include the use of crisis intervention teams that are employed by nearly 2,700 police departments across the country.

Secretary Addresses Yale University

Secretary of State John Kerry urged Yale University graduates on Sunday to keep faith in government's ability to break gridlock, even as many problems remain unsolved. Kerry, a 1966 Yale graduate told students and their families, faculty and staff at the school's 313th commencement that some people don't believe they can make a difference.

ESPN Opens Digital Center

Sports broadcaster ESPN unveiled its new digital broadcast center on its Bristol campus today. Governor Dannel Malloy and ESPN president John Skipper recorded the first broadcast from the studios. The $175 million center was built with the support of a state package that includes up to $10 million in tax credits over 10 years,which is part of the state’s “First Five” job creation program .