The Steady Drip: Abbott Labs Will Buy St. Jude Medical For $25 Billion (Connecting the Dots: Abbott Laboratories, St. Jude Medical, Infant Formula Shortage, COVID, FDA, CDC & The Carnegie/Soros Network)

Abbott Labs Will Buy St. Jude Medical For $25 Billion (Connecting the Dots: Abbott Laboratories, St. Jude Medical, Infant Formula Shortage, COVID, FDA, CDC & The Carnegie/Soros Network)

Investor’s Business Daily

Technology

BLOOMBERG NEWS Updated 09:06 AM ET 04/28/2016

(ZUMAPRESS.com/Newscom)

https://www.investors.com/news/technology/abbott-labs-will-buy-st-jude-medical-for-25-billion/

Abbott Laboratories (ABT) agreed to buy St. Jude Medical (STJ) in a deal that values the maker of heart devices at $25 billion, making its biggest ever acquisition as the industry consolidates to gain bargaining power with hospitals.

St. Jude Medical shareholders will receive $46.75 in cash and 0.8708 share of Abbott common stock, representing a total of approximately $85 per share, according to a statement Thursday.

Medical devices makers are merging to get access to new technology as hospitals push for lower prices. St. Jude last year acquired Thoratec for $3.4 billion, adding left ventricular pump devices that take over for a failing heart.

The combined Abbott-St. Jude medical company will have a pipeline of new medical device products across cardiovascular, diabetes, vision and neuromodulation patient care, according to the statement.

Abbott said in the statement it has financing for both St. Jude Medical and for its planned acquisition of Alere (ALR) for $5.8 billion, sending Alere shares higher in early trading on the stock market today. Abbott Chief Executive Officer Miles White declined to reiterate his commitment to the Alere deal last week on the company’s earnings call. Alere hasn’t yet filed its 10-K report with U.S. regulators and has been subpoenaed by the Justice Department.

St. Jude Medical closed Wednesday at $61.95, giving the company a market value of about $17.6 billion. The stock jumped to $78.66 before the markets opened in New York. Abbott dropped 5 percent to $41.65 in early trading, while Alere rose 3.5 percent to $44.35.

The acquisition will further reshape Abbott, which split off its brand name pharmaceutical business to AbbVie (ABBV) in 2013. Since then, the company has shied away from major acquisitions and pursued many smaller deals, even as the CEO talked often about his desire for larger purchases.

Abbott has cash on hand, obtained by selling its generic drug business for medicines marketed in Europe and the developed world to Mylan (MYL).

Connecting the Dots:

St. Jude Medical is owned by Abbott Laboratories.

Biden Invokes Defense Production Act to Increase Infant Formula Supply (Do you think maybe this infant formula shortage was planned? Let’s connect those dots!)

Thursday, May 19, 2022

https://thesteadydrip.blogspot.com/2022/05/biden-invokes-defense-production-act-to.html

Baby formula aisles at U.S. supermarkets have been decimated since top U.S. manufacturer Abbott Laboratories in February recalled formulas after complaints of bacterial infections. On Monday, Abbott said it had reached an agreement with the U.S. health regulator to resume production of baby formula at its Michigan plant, a major step toward resolving the nationwide shortage.

William M. Daley was a director at Abbott Laboratories, the chief of staff for the Barack Obama administration and is a member of the Commercial Club of Chicago.
Sally Blount is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

W. James Farrell is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

Edward M. Liddy is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

William A. Osborn is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

Samuel C. Scott III is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

Glenn F. Tilton is a member of the Commercial Club of Chicago and a director at Abbott Laboratories.

Miles D. White is a member of the Commercial Club of Chicago and the chairman & CEO for Abbott Laboratories.

Christopher B. Begley is a member of the Commercial Club of Chicago and was the SVP for Abbott Laboratories.

Jack M. Greenberg is a member of the Commercial Club of Chicago and was a director at Abbott Laboratories.

Robert L. Parkinson Jr. is a member of the Commercial Club of Chicago and was the president & COO for Abbott Laboratories.

William D. Smithburg is a member of the Commercial Club of Chicago and was a director at Abbott Laboratories.

St. Jude Medical is owned by Abbott Laboratories.

Sidley Austin LLP was the lobby firm for St. Jude Medical Inc. and St. Jude Children's Research Hospital.

Barack Obama was an intern at Sidley Austin LLP and the president for the Barack Obama administration.

Michelle Obama was a lawyer at Sidley Austin LLP.

R. Eden Martin is counsel at Sidley Austin LLP and the president of the Commercial Club of Chicago.

Newton N. Minow is a senior counsel at Sidley Austin LLP, a member of the Commercial Club of Chicago and an honorary trustee at the Carnegie Corporation of New York.
Ted Lieu was honored with the Carnegie Corporation of New York's Great Immigrants Award, has represented California's 36th congressional district in the United States House of Representatives since 2023 and is a member of the Congressional Progressive Caucus.

Astrid S. Tuminez was a program officer at the Carnegie Corporation of New York and is the 7th President of the Utah Valley University (Charlie Kirk Shooting).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother, Teresa Heinz Kerry’s brother-in-law and a senior counsel at Sidley Austin LLP.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Mark B. McClellan was a senior fellow at the Brookings Institution (think tank), and a commissioner for the U.S. Food and Drug Administration (FDA).

Donald Kennedy was a commissioner for the U.S. Food and Drug Administration (FDA) and a trustee at the Carnegie Endowment for International Peace (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Andrew Carnegie was the founder of the Carnegie Endowment for International Peace (think tank) and the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Carnegie Endowment for International Peace (think tank), Nuclear Threat Initiative (think tank) and a supporter for the American Society for Muslim Advancement.

Margaret A. Hamburg is the VP for the Nuclear Threat Initiative (think tank), David A. Hamburg’s daughter and was the commissioner for the U.S. Food and Drug Administration (FDA).

David A. Hamburg was an adviser for the Nuclear Threat Initiative (think tank), Margaret A. Hamburg’s father and the president emeritus for the Carnegie Corporation of New York.

Ted Lieu was honored with the Carnegie Corporation of New York's Great Immigrants Award, has represented California's 36th congressional district in the United States House of Representatives since 2023 and is a member of the Congressional Progressive Caucus.

Astrid S. Tuminez was a program officer at the Carnegie Corporation of New York and is the 7th President of the Utah Valley University (Charlie Kirk Shooting).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Atlantic Council of the United States (think tank) and a supporter for the American Society for Muslim Advancement.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

George Soros is the founder & chairman for the Open Society Foundations.

Robert Jeffrey is a director at the Atlantic Council of the United States (think tank) and was a board member for the CDC Foundation.

CDC Foundation is a foundation for the Centers for Disease Control and Prevention (CDC).

Amy Robbins Towers is a board member for the CDC Foundation, a director at the Human Rights Watch, was a director at the Millennium Promise and married to Larry Robbins.

Open Society Foundations was a funder for the Human Rights Watch.

George Soros is the founder & chairman for the Open Society Foundations, was the chairman for the Foundation to Promote Open Society and a benefactor for the Human Rights Watch.

Foundation to Promote Open Society was a funder for the Human Rights Watch, the Millennium Promise and the Robin Hood Foundation.

Larry Robbins is a director at the Robin Hood Foundation and was married to Amy Robbins Towers.

Emma Bloomberg was the chief of staff for the Robin Hood Foundation, Michael R. Bloomberg’s daughter and is a director at the Bloomberg Family Foundation.

Michael R. Bloomberg was a donor for the Robin Hood Foundation, Josh Isay was his political consultant, is Emma Bloomberg’s father and the founder of the Bloomberg Family Foundation.

Bloomberg Family Foundation was a funder for the CDC Foundation and the Aspen Institute (think tank).

Foundation to Promote Open Society was a funder for the Aspen Institute (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Carnegie Corporation of New York was a funder for Aspen Institute (think tank) and a supporter for the American Society for Muslim Advancement.

Astrid S. Tuminez was a program officer at the Carnegie Corporation of New York and is the 7th President of the Utah Valley University (Charlie Kirk Shooting).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Newton N. Minow was an honorary trustee at the Carnegie Corporation of New York, a member of the Commercial Club of Chicago and a senior counsel at Sidley Austin LLP.

Sidley Austin LLP was the lobby firm for St. Jude Medical Inc. and St. Jude Children's Research Hospital.

Barack Obama was an intern at Sidley Austin LLP and the president for the Barack Obama administration.

Michelle Obama was a lawyer at Sidley Austin LLP.

R. Eden Martin is counsel at Sidley Austin LLP and the president of the Commercial Club of Chicago.

Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother, Teresa Heinz Kerry’s brother-in-law and a senior counsel at Sidley Austin LLP.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Teresa Heinz Kerry is an honorary trustee at the Brookings Institution (think tank), Cameron Kerry’s sister-in-law, married to John F. Kerry, an emeritus life trustee at Carnegie Mellon University and a trustee emeritus for the Carnegie Museums of Pittsburgh.

Andrew Carnegie was the endowed predecessor schools for Carnegie Mellon University, the founder of the Carnegie Museums of Pittsburgh and the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Mark B. McClellan was a senior fellow at the Brookings Institution (think tank), a commissioner for the U.S. Food and Drug Administration (FDA) and is a director at Johnson & Johnson (COVID Vaccine Manufacturer).
Charles O. Prince III is a director at Johnson & Johnson (COVID Vaccine Manufacturer) and was a trustee at the Brookings Institution (think tank).

Ann Dibble Jordan was a director at Johnson & Johnson (COVID Vaccine Manufacturer), is an honorary trustee at the Brookings Institution (think tank) and married to Vernon E. Jordan Jr.

Vernon E. Jordan Jr. is married to Ann Dibble Jordan, an honorary trustee at

the Brookings Institution (think tank), Valerie B. Jarrett’s great uncle and a senior counsel for Akin, Gump, Strauss, Hauer & Feld, LLP.

Akin, Gump, Strauss, Hauer & Feld, LLP was the lobby firm for the Pharmaceutical Research and Manufacturers of America, Johnson & Johnson (COVID Vaccine Manufacturer) and is a lobby firm for Pfizer Inc. (COVID Vaccine Manufacturer).

Valerie B. Jarrett is Vernon E. Jordan Jr’s great niece, a member of the Commercial Club of Chicago and was the senior adviser for the Barack Obama administration.

R. Eden Martin is the president of the Commercial Club of Chicago and counsel at Sidley Austin LLP.

Michelle Obama was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP.

Sidley Austin LLP was the lobby firm for the Pharmaceutical Research and Manufacturers of America, Johnson & Johnson (COVID Vaccine Manufacturer) Pfizer Inc. (COVID Vaccine Manufacturer), St. Jude Medical Inc. and St. Jude Children's Research Hospital.

Newton N. Minow is a senior counsel at Sidley Austin LLP, a member of the Commercial Club of Chicago and an honorary trustee at the Carnegie Corporation of New York.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother and a senior counsel at Sidley Austin LLP.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement.

Andrew Carnegie was the founder of the Carnegie Corporation of New York.

Richard N. Haass was a VP for the Brookings Institution (think tank) and an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer).

Strobe Talbott is the president of the Brookings Institution (think tank), was William J. Clinton’s roommate at Oxford University and an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer).

Oxford–AstraZeneca COVID-19 vaccine

https://en.wikipedia.org/wiki/Oxford%E2%80%93AstraZeneca_COVID-19_vaccine

The Oxford–AstraZeneca COVID-19 vaccine, codenamed AZD1222,^[5] and sold under the brand names Covishield^[22] and Vaxzevria^[1][23] among others, is a viral vector vaccine for prevention of COVID-19. Developed in the United Kingdom by the Oxford University and British-Swedish company AstraZeneca,^[24][25][26] using as a vector the modified chimpanzee adenovirus ChAdOx1.

Michael S. Barr was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer), a special adviser to the president for the William J. Clinton administration and is a senior fellow at the Brookings Institution (think tank).

E.J. Dionne was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer) and is a senior fellow at the Brookings Institution (think tank).

Jane Nelson was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer) and a senior fellow at the Brookings Institution (think tank).

Susan E. Rice was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer), the White House national security adviser for the Barack Obama administration, the Director of the Domestic Policy Council for the Biden administration and a senior fellow at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is the founder of Soros Fund Management.

Neal Moszkowski was a managing director, Soros Private Equity for Soros Fund Management and is a director at the Integra LifeSciences Corporation.

Stuart M. Essig is the chairman for the Integra LifeSciences Corporation and a director at the St. Jude Medical Inc.

Sidley Austin LLP was the St. Jude Medical Inc. and the lobby firm for the St. Jude Children's Research Hospital.

Michelle Obama was a lawyer at Sidley Austin LLP.

Barack Obama was an intern at Sidley Austin LLP.

R. Eden Martin is counsel at Sidley Austin LLP, and the president of the Commercial Club of Chicago.

Newton N. Minow is a senior counsel at Sidley Austin LLP, a member of the Commercial Club of Chicago and an honorary trustee at the Carnegie Corporation of New York.

Astrid S. Tuminez was a program officer at the Carnegie Corporation of New York and is the 7th President of the Utah Valley University (Charlie Kirk Shooting).

Andrew Carnegie was the founder of the Carnegie Corporation of New York.
Carnegie Corporation of New York was a funder for the Brookings Institution (think tank) and a supporter for the American Society for Muslim Advancement

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Larry D. Thompson is a trustee at the Brookings Institution (think tank) and the EVP of governmental affairs, general counsel & secretary for PepsiCo, Inc.

Michael H. Jordan was an honorary trustee at the Brookings Institution (think tank) and the division chairman & CEO for PepsiCo, Inc.

Kimberly Cheatle served as Senior Director in Global Security at PepsiCo. was the 27^th director for the U.S. Secret Service (She was in charge of the U.S. Secret Service in Butler when President Trump was shot).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

Cameron F. Kerry is a fellow at the Brookings Institution (think tank), John F. Kerry’s brother, Teresa Heinz Kerry’s brother-in-law and a senior counsel at Sidley Austin LLP.

Richard N. Haass was a VP for the Brookings Institution (think tank) and an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer).

Oxford–AstraZeneca COVID-19 vaccine

https://en.wikipedia.org/wiki/Oxford%E2%80%93AstraZeneca_COVID-19_vaccine

E.J. Dionne was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer) and is a senior fellow at the Brookings Institution (think tank).

Jane Nelson was an Oxford University Rhodes scholar, (Oxford–AstraZeneca COVID vaccine Manufacturer) and a senior fellow at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is the founder of Soros Fund Management.

Neal Moszkowski was a managing director, Soros Private Equity for Soros Fund Management and is a director at the Integra LifeSciences Corporation.

Stuart M. Essig is the chairman for the Integra LifeSciences Corporation and a director at the St. Jude Medical Inc.

St. Jude Medical is owned by Abbott Laboratories.

Sidley Austin LLP was the St. Jude Medical Inc. the lobby firm for the St. Jude Children's Research Hospital, the lobby firm for the Pharmaceutical Research and Manufacturers of America, Johnson & Johnson (COVID Vaccine Manufacturer) Pfizer Inc. (COVID Vaccine Manufacturer).

Resources: Past Research

Abbott Labs Is Buying St. Jude Medical for $25 Billion (Past Research on St. Jude)

Friday, April 29, 2016

https://thesteadydrip.blogspot.com/2016/04/abbott-labs-is-buying-st-jude-medical.html

Sen. Warren Presses Amazon on Algorithmic Pricing for Schools (Connecting the Dots: Senator Elizabeth Warren, Ganesh Sitaraman, The Center for American Progress, Amazon, HUD, The U.S. Federal Trade Commission, The Urban Institute, The U.S. Department of Education & The Carnegie/Soros Network) (Past Research on Newton N. Minow)

Thursday, March 12, 2026

https://thesteadydrip.blogspot.com/2026/03/sen-warren-presses-amazon-on.html

FDA Fails to Protect Americans from Dangerous Drugs and Unsafe Foods (Past Research on the FDA)

Sunday, May 10, 2015

https://thesteadydrip.blogspot.com/2015/05/fda-fails-to-protect-americans-from.html

CDC Turmoil Sparks Vance Attack on Democrats (Connecting the Dots: The Centers for Disease Control and Prevention (CDC), CBS News, Michael Bloomberg, Carter Center, Chuck Schumer, Al Sharpton, The Black Panthers & Soros Funding, All Networking) (Past Research on the CDC)

Sunday, October 12, 2025

https://thesteadydrip.blogspot.com/2025/10/cdc-turmoil-sparks-vance-attack-on.html

NYC Nursing Walkout Ends as Last Striking Nurses Approve New Contract (Connecting the Dots: Mount Sinai Medical Center (New York), The New York-Presbyterian Hospital & The Carnegie/Soros Network) (Past Research on the Carnegie Corporation of New York & the Aspen Institute (think tank))

Tuesday, March 31, 2026

https://thesteadydrip.blogspot.com/2026/03/nyc-nursing-walkout-ends-as-last.html

GOP AGs Seek Revision to Federal Climate Manual (Connecting the Dots: The National Academy of Sciences, Teresa Heinz Kerry, Cameron Kerry, Climate Czar John Kerry, The Climate Reality Project, The Carnegie Corporation of New York & The Carnegie/Soros Network) (Past Research on Teresa Heinz Kerry & Cameron Kerry)

Wednesday, April 1, 2026

https://thesteadydrip.blogspot.com/2026/04/gop-ags-seek-revision-to-federal.html

Anthony Stephen Fauci (Past Research on COVID)

Tuesday, March 10, 2026

https://thesteadydrip.blogspot.com/2026/03/anthony-stephen-fauci.html

St. Jude Children's Research Hospital (Past Research on Integra LifeSciences Corporation, Soros Fund Management & St. Jude Medical Inc.)

Sunday, December 1, 2013

https://thesteadydrip.blogspot.com/2013/12/normal-0-false-false-false.html

Biden Invokes Defense Production Act to Increase Infant Formula Supply (Do you think maybe this infant formula shortage was planned? Let’s connect those dots!) (Past Research on Abbott Laboratories & the infant formula shortage)

Thursday, May 19, 2022

https://thesteadydrip.blogspot.com/2022/05/biden-invokes-defense-production-act-to.html