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
The death last week of former Ohio University President Charles Ping, for many, closed the door on a golden time in their personal and professional lives.
âFor those of us of a certain age, this man embodies what a university should be. R.I.P., President Ping,â read a tweet from the Ohio Bobcats Hockey Blueline Boosters.
In interviews and in online comments, those who knew Ping for decades those who met him in passing all described him as a wise and inspirational leader and as a kind and thoughtful man.
âI consider him to be the greatest president of a university that I have ever known,â said Richard Vedder, Distinguished Professor of Economics Emeritus. (And Vedder knows his shareâheâs an internationally recognized expert on the economics of higher education who counts Purdueâs Mitch Daniels and Gordon Gee among his friends.)