GSK, Pfizer and GE shift away from diversification

GlaxoSmithKline, Pfizer and General Electric all made key announcements Wednesday signaling that health-care companies are shifting to focus their businesses on their greatest strengths and abandoning the diversification strategies that have characterized health care for the past two decades.


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CORRECTION: General Electric had previously announced plans to separate its health-care unit and reiterated those plans Wednesday.

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