What change of heart did directors at AbbVie have regarding the proposed takeover of Shire?
Jobless Claims at 14-Year Low
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The transcript covers an interview with Fed President James Bullard discussing quantitative easing and inflation expectations. It highlights the strength of the US labor market despite global economic concerns. The transcript also addresses AbbVie's decision to reject a takeover due to US tax inversion rules. Finally, economist Paul Krugman shares his skepticism about economic normalization and interest rate hikes.
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What is Paul Krugman's perspective on the normalization of interest rates?
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