Friday's Breakfast Briefing: AstraZeneca spurns sweeter Pfizer offer

AstraZeneca declines sweetened Pfizer offerPfizer upped its bid for AstraZeneca on Friday morning to $107 billion, but the British pharma giant rejected the offer, calling it "inadequate." Such a deal would improve Pfizer’s drug pipeline and allow the company to move its tax base to the UK, saving it millions of dollars.

LA NAACP head steps down over Sterling award Leon Jenkins, the president of the Los Angeles chapter of the NAACP, stepped down Thursday night. He had been set to give disgraced Los Angeles Clippers owner Donald Sterling an award for promoting civil rights, but reversed course after a recording of Sterling making offensive comments about African-Americans surfaced last weekend.