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And don't miss Tara Lachappelle on Time Warner's floor: "While I do think AT&T stands a good shot in court and that the odds of the deal are better than the market is currently implying, now seems like the right time to think about what these companies and their stocks look like in the absence of their merger."
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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