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US and Canada regulators approve Pfizer-Wyeth deal (AP)

Pfizer Inc.'s $68 billion purchase of Wyeth will close Thursday after antitrust regulators in the U.S. and Canada cleared the deal, which will make Pfizer the world's largest drugmaker by revenue.

 

Pfizer to buy Wyeth for $68B, cut 8000 jobs

Pfizer also said it would cut more than 8000 jobs to cut costs in anticipation of cholesterol drug Lipitor losing patent protection in 2011.

 

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