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Let's make a deal
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

$$$$$
12:58 p.m. ET
Nikolay Doychinov/AFP/Getty Images

Archaeologists found a haul of buried treasure in Bulgaria's capital city Friday, Bulgarian outlet The Sofia Globe reports.

Excavations under Sofia's Sveta Nedelya square yielded 2,976 Roman-era silver coins in a single clay pot, reportedly making the discovery the largest of its kind in the city.

"We do not want to leave our cultural and historical heritage to chance," Sofia Mayor Yordanka Fandukova said, explaining why the city has invested in archaeological digs.

The coins, which bear images of different emperors and prominent women of the Nerva-Antonine dynasty, will go on display at the Museum of Sofia History when it opens Sept. 17. Julie Kliegman

emailgate
12:10 p.m. ET
Scott Olson/Getty Images

Democratic presidential frontrunner and former Secretary of State Hillary Clinton personally paid a State Department employee to maintain her private email server, a campaign official anonymously told The Washington Post on Saturday.

The Clintons reportedly paid Bryan Pagliano $5,000 for "computer services" before he started work at the department in May 2009, and continued to pay him separately during his employment. Pagliano didn't include the income on his annual personal financial disclosures.

Pagliano, who now works as a State Department contractor, said earlier this week he'd plead the Fifth in a congressional testimony.

Clinton has a history of employing people simultaneously in public and personal capacities, the Post reports. Both Cheryl Mills, Clinton's chief of staff, and Huma Abedin, a longtime aide who once was her deputy chief of staff, have served in multiple roles for Clinton or the Clinton Foundation. Julie Kliegman

he went there
11:32 a.m. ET

Bill Cosby doesn't have too many fans left following dozens of allegations that the comedian has sexually assaulted, raped, and drugged women, actions he admitted to in a 2005 deposition. But fellow comedian Damon Wayans, who produced and starred in My Wife and Kids, is sticking up for him.

He didn't hold back when asked what advice he'd give Cosby on Power 101.5's The Breakfast Club show Friday:

If I was him, I would divorce my wife, wink wink, give her all my money and then I would go do a deposition. I would light one of those three-hour cigars. I'd have some wine and maybe a Quaalude and I would just go off, because I don't believe that he was raping. I think he was in relationships with all of them and then he's like, 'You know what? At 78, it don't work like that no more. I can't get it up for any of y'all. Bye, b*****s and then they're like, 'Oh, really? Rape!' [The Breakfast Club]

Wayans suggested the women who have recently spoken out about decades-old incidents with Cosby are opportunistic and don't have their stories straight.

"How big is his penis that it gives you amnesia for 40 years?" he said.

In fact, it's common for trauma survivors to have fragmented memories.

Wayans also suggested racial bias was at play in Cosby's fall from grace, since white comedian Woody Allen, who has been publicly accused of sexually assaulting his young daughter, still makes movies. If you can stomach it, watch Wayans' full interview below. Julie Kliegman

Better late than never
10:53 a.m. ET
Jack Guez/AFP/Getty Images

Amsterdam will repay families of Jewish people fined for late rent payments while they were held in Nazi concentration camps during World War II, city officials announced Friday. The average reimbursement would be 1,800 euros, or about $2,000, Agence France Presse reports.

Only 18,000 of the 80,000 Jewish people from Amsterdam sent to concentration camps survived. The Dutch Institute for War, Holocaust and Genocide reported 240 Holocaust survivors were made to pay late fees upon returning to the Dutch capital.

AFP found that though complaints over the fines have renewed in recent years, there was controversy as early as 1946, when carpenter and businessman J.W. Levending wrote to local authorities: "Is it for us to pay for the broken pots? Those who during the past years have lived in misery, locked away, and from whom the Germans took everything?" Julie Kliegman

Ouch
10:23 a.m. ET
Spencer Platt/Getty Images

An August pillow fight at the United States Military Academy, an annual tradition among freshmen, turned violent, The New York Times reported Friday. The West Point, New York, institution confirmed the Aug. 20 incident to the Times on Thursday after social media rumors of injuries circulated.

"My plebe [West Point's term for freshman] was knocked unconscious and immediately began fighting when he came to," an unnamed upperclassman wrote on Yik Yak. "I was so proud I could cry."

Some cadets reportedly packed helmets and other hard objects into their pillow cases. The academy said 30 cadets were injured, 24 with concussions. One freshman was knocked unconscious, and others suffered broken bones and dislocated shoulders.

"If you don’t come back with a bloody nose, you didn't try hard enough," one upperclassman commander reportedly told a freshman cadet.

No cadets have been punished so far, but there is an ongoing investigation. West Point called off the annual tradition in 2013 after a cadet injured others with a lockbox in a pillowcase during the 2012 event. A 1901 congressional inquiry on hazing shows the tradition dates back to at least 1897. Julie Kliegman

fault
8:24 a.m. ET
Streeter Lecka/Getty Images

No. 8 Rafael Nadal bowed out of the U.S Open early after falling in a grueling five-set match Friday night. The Spanish star led No. 32 Fabio Fognini of Italy after two sets at Arthur Ashe Stadium, but after nearly four hours, he was ousted 3-6, 4-6, 6-4, 6-3, 6-4.

The third-round loss breaks Nadal's 10-year streak of winning at least one Grand Slam title. "The only thing it means is I played amazing the last 10 years," he said.

Fognini called his hard-earned upset a "mental victory."

"That was one of greatest, most spectacular comebacks you're ever going to see on a tennis court," tennis legend John McEnroe said. "The level that he played to mount that miraculous comeback will be remembered for a long time." Julie Kliegman

European migrant crisis
7:52 a.m. ET

About 4,000 migrants, many fleeing war in Syria, arrived in Austria early Saturday, where they were greeted by applause, food, and medical supplies. Many refugees, who Hungary agreed to bus, will request asylum in Austria, while others will continue on to Germany, BBC News reports.

Europe's ongoing migrant crisis has seen renewed attention in September after graphic photos emerged of a Syrian toddler's body washed up on a Turkish beach. The United Nations called on the European Union to help migrants Friday, one day after Hungary had forced migrants off of the nation's trains. Many of the migrants, including young children, had walked along Hungary's train tracks for hours toward Austria before boarding buses.

Officials say about 6,000 migrants still in Hungary are expected to reach Austria, CNN reports. Julie Kliegman

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