Governor phil bli auryant signe despite opposition. This comes on the heels of p paypal saying it will plan to bring jobs to North Carolina after lawmakers in that state passed a law in a restricts protections for lesbian, gay, by sexual and france gender people. In the North Carolina situation, a large number ofgender people. In the North Carolina situation, a large number of east called on petition calling on the governor to reject the particular law. The mississippi news comes just when the whole controversy started to heat up in the southern part of the united states. There are other bills that are pending in various states. Thish to that, nissan gave cnbc a statement previous to this law being signed that says nissan is committed to providing an inclusive Workplace Environment and we oppose any dlaw 45 allow discrimination. So it will be interesting to see what the corporate reaction is to mississippis governor signing this particular law just a few moments ago and also paypal can
Point is down by almost 2. 5 . The ftse is down by 1. 5 . If you look at the price of oil, which was under quite a bit of pressure yesterday, you can see this morning its down another 22 cents, sitting below 36. Lets tell you about some of the big stories were watching today. Perhaps the biggest right now is this one. Shares of allergan are plunging after the treasury and irs announced new rules to curb tax inversion. The two companies releasing a statement saying, quote, we are conducting a review of the actions. Prior to completing the review, we wont speculate on any potential impact. We should say that allergan is one of the Largest Holdings of some of the hedge fund community. Its considered a topten holding of about 80 hedge funds right now. So you might see a big impact in that stock this morning. The stock was down by about 21 . Im saying it may even be worse. Some of the people we know. Were checking the potential impact. Its down 60 points. Theres not a potential impact. Ther
It is 8 00 a. M. At disney headquarters headquarters 11 00 a. M. In new york and this is squawk alley. Welcome to squawk alley for a tuesday. Dow down 109. Breaking news to start the hour. This time on ford. Phil lebeau is in chicago with that. Ford in a move expected for months is announcing that it is building a new small car plant in mexico. This plant will be located in the san luis section of mexico an investment of 1. 6 billion. It will create 2800 jobs with cars expected to roll off that Assembly Line in 2018. Some of those cars will be sold in the u. S. And sx ported to other countries away the world. No doubt is this a move that will get a lot of attention on the campaign trail from the president ial candidates. Just a couple weeks ago, heres what donald trump had it say about ford and its plans to expand around the world. Companies are leaving our country rapidly. Rapidly. Whether its carrier air conditioning whether its ford whether its eaton. I was in cleveland and eaton co
The day. The potential tieup is a complicated one, and it puts pfizer in a familiar position. Last year it unsuccessfully pursued astra zeneca, but as meg tirrell reports it now hopes for a different outcome. Reporter pfizer confirmed today its in friendly discussions about a potential combination with irish drug company allergan, the maker of botox. Analysts expect the deal value could total 150 billion. This comes a year and a half after pfizer abandoned its 120 billion bid for astrazeneca. After the british drugmaker resisted its advances in a nasty monthlong battle. Many think allergan will be more willing. The company is led by serial dealmaker brent saunders, who in just two years has amassed almost 150 billion in deal activity. He started at eye Company Bausch lomb where as ceo he sold the company to valeant for almost 9 billion in 2013. Less than a year later at the head of forest labs he engineered a 25 billion sale to activeus. After unexpectedly taking the ceo job there sand
The day. The potential tieup is a complicated one, and it puts pfizer in a familiar position. Last year it unsuccessfully pursued astra zeneca, but as meg tirrell reports it now hopes for a different outcome. Reporter pfizer confirmed today its in friendly discussions about a potential combination with irish drug company allergan, the maker of botox. Analysts expect the deal value could total 150 billion. This comes a year and a half after pfizer abandoned its 120 billion bid for astrazeneca. After the british drugmaker resisted its advances in a nasty monthlong battle. Many think allergan will be more willing. The company is led by serial dealmaker brent saunders, who in just two years has amassed almost 150 billion in deal activity. He started at eye Company Bausch lomb where as ceo he sold the company to valeant for almost 9 billion in 2013. Less than a year later at the head of forest labs he engineered a 25 billion sale to activeus. After unexpectedly taking the ceo job there sand