U.S. Treasury targets inversion deals

On Wednesday, U.S. Secretary of the Treasury Jacob Lew told members of Congress the Treasury plans to issue guidance this week concerning corporate inversions. In a letter obtained by BioCentury, Lew wrote to the legislators that the guidance is intended to "deter and reduce further the economic benefits of corporate inversions."

Lew's letter noted that the Treasury is unable to stop inversions without new statutory authority. ...