AbbVie Officially Scraps Shire Tax Inversion Deal

The transcript covers three main news stories: a billionaire's investment in IBM has significantly decreased in value due to the company's struggles with cloud computing. Abby has canceled its planned inversion with Shire, opting instead for a share buyback and increased dividend. Lastly, Total's CEO Christophe de Margerie tragically died in a jet crash in Moscow, with the snow plow driver involved being intoxicated.

What was the main reason for the decline in the billionaire's investment in IBM?

• Introduction of new technology

• Abandonment of 2015 earnings forecasts

• IBM's shift to cloud computing

• Increase in competition

What was the percentage drop in IBM's shares mentioned in the video?

• 5%

• 12%

• 7%

• 10%

Why did Abby decide to cancel its planned inversion with Shire?

• Technological challenges

• Financial instability

• Lack of investor interest

• Proposed changes to US rules

What financial actions did Abby take after canceling the deal with Shire?

• Launched a new product

• Announced a merger with another company

• Initiated a share buyback and increased dividend

• Reduced workforce

What caused the plane crash that resulted in the death of Total's CEO?

• Collision with a snow plow

• Bad weather conditions

• Engine failure

• Pilot error