Arena: Pfizer completes $6.7B Arena deal after clock runs out on FTC objection period

Pfizer's $6.7 billion acquisition of Arena Pharmaceuticals is officially closed. The two completed the buyout Friday morning, Pfizer said in a press release, apparently facing no hurdles at the FTC after President Biden's administration had signaled a tougher stance on big-name mergers. It's another Big Pharma deal that passed the...