Four Big News Items
What a huge news day this morning!!!
1. Merck announced it is buying Schering-Plough for U.S.$41.1 billion.
2. President Susan Arnold of mighty Proctor & Gamble just stepped down effective immediately (when does that ever happen?) and
3. President Obama announced lifting of strict limits on stem cell research.
4. The introduction of possibly the only verifiable painting of William Shakespeare.
Any one of them is shocking, but to have all four in one morning is just mind-boggling. They'll take some time for the market to digest.
1. Merck announced it is buying Schering-Plough for U.S.$41.1 billion.
2. President Susan Arnold of mighty Proctor & Gamble just stepped down effective immediately (when does that ever happen?) and
3. President Obama announced lifting of strict limits on stem cell research.
4. The introduction of possibly the only verifiable painting of William Shakespeare.
Any one of them is shocking, but to have all four in one morning is just mind-boggling. They'll take some time for the market to digest.