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April 22, 2014
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Two of the world's biggest drugmakers, Britain's GlaxoSmithKline and Switzerland's Novartis, announced a complex hodgepodge of deals worth at least $25 billion on Tuesday. The main components:

* Novartis agreed to buy Glaxo's oncology business for between $14.5 billion and $16 billion
* Glaxo is buying Novartis' vaccine business for between $5.3 billion and $7.1 billion
* The two companies are combining their consumer health (over-the-counter) divisions, with Glaxo taking 63.5 percent of the joint venture
* Eli Lilly will purchase Novartis' animal health unit for about $5.4 billion

The transactions will let Novartis focus on high-margin businesses like cancer drugs while Glaxo boosts its position in consumer goods and the low-margin, high-volume vaccine market. But the pharmaceutical giants aren't the only drugmakers making high-stakes deals. The Wall Street Journal says the $25 billion worth of transactions cap a 24-hour period where "deals worth, conservatively, $65 billion" were announced, not counting Pfizer's unsolicited $101 billion offer to buy Britain's AstraZeneca.

"The Novartis-Glaxo deal and rumors about a potential AstraZeneca acquisition by Pfizer are giving the pharma sector a decent run this morning," Danish strategist Witold Bahrke tells Bloomberg News. "It's also fueling further M&A expectations." Peter Weber

12:28 p.m. ET
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Bernie Sanders distanced himself Sunday from "Berniebros," a wide-ranging term that some have used to describe sexist supporters of the Vermont senator.

"It's disgusting," he said on CNN's State of the Union. "We don't want that crap. Anybody who is supporting me and doing sexist things, we don't want them. I don't want them. That's not what this campaign is about."

See more of Sanders' interview here. Julie Kliegman

11:45 a.m. ET

Saturday night's Republican presidential debate featured a lot of heated conflict — once all of the candidates finally made it out on stage. Watch The Washington Post break down just how delightfully awkward the whole introduction process was. Julie Kliegman

11:26 a.m. ET

At Saturday's Republican presidential debate, Florida Sen. Marco Rubio attacked President Obama. A lot. To be exact, Rubio attacked Obama four times with some version of, "Let's dispel with this fiction that Barack Obama doesn't know what he's doing. He knows exactly what he's doing."

His performance was widely mocked.

But Sunday on ABC's This Week, Rubio stood by his talking point.

"It's what I believe and it's what I'm going to continue to say, because it happens to be one of the main reasons why I am running," he said.

In other words, Rubio knows exactly what he's doing. Julie Kliegman

11:00 a.m. ET

Beyoncé released a new single and music video Saturday, marking her first major release since she surprise-dropped her self-titled album in 2013. "Formation," which heavily references Hurricane Katrina and the Black Lives Matter movement, centers on black pride.

Two filmmakers have called out Beyoncé, claiming she used footage from their documentary, That B.E.A.T., without permission, The New York Times reports.

Beyoncé's representative countered that the footage is properly licensed. Julie Kliegman

10:30 a.m. ET
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Democratic presidential hopefuls Hillary Clinton and Bernie Sanders will debate in Flint, Michigan, on March 6, the Democratic National Committee announced Sunday. The city is grappling with an ongoing water crisis that has endangered residents' health.

"This debate is an opportunity to elevate the very serious issues facing the residents of Flint, and it's also an opportunity to remind voters what Democratic leadership can do for the economy — so that everyone in America has a fair shot," DNC Chair Debbie Wasserman Schultz said.

Both candidates have drawn attention to Flint in recent months. Sanders has called on Gov. Rick Snyder (R) to resign. Clinton left the New Hampshire campaign trail Sunday to visit the city. Julie Kliegman

10:18 a.m. ET

Democratic presidential hopeful Bernie Sanders made a brief cameo on Saturday Night Live alongside host Larry David. The sketch featured the two men on a sinking ship, with David's character asserting that he should be saved due to his wealth. Sanders played Bernie Sanderswitzky, a nod to his Jewish upbringing, and labeled David's character as the 1 percent.

Watch the uncanny duo below. Julie Kliegman

8:06 a.m. ET
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Turkey is at capacity with accepting refugees, but will continue to do so as people flee Syria, the nation's deputy prime minister said Sunday, The Associated Press reports.

"In the end, these people have nowhere else to go," Numan Kurtulmuş said. "Either they will die beneath the bombings and Turkey will...watch the massacre like the rest of the world, or we will open our borders."

Turkey's border has been closed for three days as they provide aid to 35,000 Syrians on the other side. The nation has 3 million refugees, 2.5 million of whom fled Syria. The European Union has encouraged Turkey to host refugees, offering the nation 3 billion euros ($3.3 billion) in incentives to do so. Julie Kliegman

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