Sanders leads leftward Dem movement on Pfizer merger


Democratic candidates rushed to join Bernie Sanders in condemning the $160 billion merger between two of the world's largest pharmaceutical companies, Pfizer and Allergan.

The merger of the companies would make Pfizer-Allergan the largest pharmaceutical company in the world and could allow Pfizer to shift its corporate residence overseas to receive a tax break. Sanders called on the president and the Congress to use their authority to block the merger.

"The Pfizer-Allergan merger would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs," Sanders said in a statement. "The Obama administration has the authority to stop this merger, and it should exercise that authority. Congress also must pass real tax reform that demands that profitable corporations pay their fair share of taxes."

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