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Published: May 29 , 2014
Author: Stephen White

Until yesterday I thought that the bid by US pharma giant Pfizer for UK based pharma giant AstraZeneca was a flash-in-the-pan piece of opportunism. We first heard of the plan at the beginning of May, when an offer of £50 per share was tabled. The merger would create the largest pharmaceutical company in the world. It was based on two premises, firstly that AstraZeneca were weak because their product portfolio contained a number of high-profit drugs which were coming to the end of their patent protection, and with nothing much in the R&D cupboard to replace them, and secondly because it gave Pfizer an advantage by enabling them to move their head office to the UK and save loads of tax in an avoidance wheeze...

Published: May 15 , 2014
Author: Stephen White

On Wednesday Roger Boyes, the Diplomatic Editor of the London Times, wrote an op-ed piece critical of the West’s approach to the Iranian nuclear situation. In summary his view is that during the current negotiations Iranian President Rouhani may be making all the right noises about the lack of intent to build a nuclear bomb, but because he is a transient figure on the Iranian political scene, Boyes suggests that unless there is an agreement to international monitoring of the Revolutionary Guard, which is the stronger and more permanent force in Iranian politics and which controls the Iranian nuclear programme, then promises made so far will be worthless. As a result Iran will achieve a nuclear bomb and the world will be powerless to do anything about it in retrospect...

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The Power of Adjournments

Anjana – a sales leader with an IT firm – is busy preparing for negotiations with a large bank on renewing her firm’s contract with them. Given it is a decent sized deal, Anjana has been preparing for these negotiations over the last several days by interlocking with the account delivery teams, getting buy-ins from the senior leadership & CFO on commercials, getting a handle on the likely strategies from the competition etc. It is no surprise, given the rigour of her preparation, that Anjana was feeling confident about her meeting with the Client CIO.

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