UK's Cameron says making good progress on Pfizer guarantees

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UK's Cameron says making good progress on Pfizer guarantees

British Prime Minister David Cameron said on Sunday he had made very good progress in securing guarantees from Pfizer over the U.S. drugmaker's $106 billion bid to buy AstraZeneca. Pfizer's pursuit of Britain's second-largest drugmaker has sparked a political storm in Britain, with the government initially accused of acting as cheerleader for what would be the country's largest foreign takeover. With the opposition Labour party leading the complaints, Cameron is now seeking to protect jobs and scientific research while also sending the message that Britain remains open to investment from foreign companies.

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