FROM Matthew Herper
US Tax Clampdown Shuts Door on Pfizer/Allergan Merger The world's biggest pharmaceutical merger was called off today by Pfizer and Allergan , a company in Ireland. It's being called a victory for President Obama, who announced yesterday that actions by the Treasury , “directly go[es] at what's called corporate inversions. They are not new. Simply put, in layman's terms, it's when big corporations acquire small corp -- uh companies -- and then change their address to another country on paper in order to get out of paying their fair share of taxes here at home." We hear more from Matthew Herper, who reports on Science and Medicine for Forbes magazine.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.