Word: wyeth
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...Pfizer is now in merger negotiations with its one of its big pharm peers, Wyeth (WYE). The transaction would be done as a $60 billion buyout of Wyeth. According to The Wall Street Journal, "If completed, a deal could create billions in cost savings through the combination of back-office operations, research and development, sales and manufacturing...
...Pfizer deal not much is being said about the best strategic reasons for mergers which are that they should increase overall sales. Pfizer and Wyeth already have development teams working on drugs which may not even be tested for two or three years. Putting the two corporations together is not likely to make the combined operation grow faster. It is not like putting two search engine companies together because having more market share allows the new firm to raise prices as it delivers more customers than any of its competition...
...comparisons between Wyeth and other regionalist/realists of the period—Winslow Homer, Norman Rockwell—the best is to Edward Hopper. As the abstract painter Mark Rothko put it, “Wyeth is about the pursuit of strangeness, but he is not whole, as Hopper is whole.” I can accept that Wyeth is perhaps not the best of his contemporaries. But that they passed him by entirely? Never...
...with Rothko on this one. Wyeth chose representation, Rothko chose abstraction, but at bottom their work expresses that common, shared experience of not really being sure what America is anymore...
...won’t try to make a far-fetched analogy between Wyeth and Obama, but I will say that I am heartened by that one electoral vote. On Nov. 4, my hometown and I looked at America and picked Obama to lead it. Some might see America as a Wyeth painting, some might see it as Rothko, but in the end we all came to the same conclusion. Calling Wyeth “America’s painter” is a stretch, but whether his critics would agree or not, I am willing to grant him common footing...