(Information on Pfizer's acquisition of King Pharmaceuticals and offshore oil drilling regulations updated in today's Hot Trends article.)NEW YORK ( TheStreet) -- "King Pharmaceuticals" is a hot search topic today following the news that Pfizer ( PFE - Get Report) has struck a $3.6 billion deal to acquire pain-reliever specialist King Pharmaceuticals ( KG). >> King Pharmaceuticals, Pain Therapeutics: Biotech Winners The agreement helped boost shares of Pain Therapeutics ( PTIE), an early-stage painkiller developer. Pain has teamed with King on the development of Pain's lead drug candidate Remoxy, which is currently in clinical trials. The companies have a licensing agreement for Remoxy, a "strong painkiller" which, according to Pain's press reports, has a "unique formulation designed to reduce potential risks of unintended use." Pfizer is likely interested in King's research on and involvement with "abuse-resistant" pain drugs.
"Offshore oil rigs" is a heavily search phrase today after the news that the U.S. government lifted the moratorium on deepwater drilling today. >>Energy Winners: Gulf of Mexico Oil Companies Alive and Well The Obama administration put the restrictions in place following the disastrous BP ( BP - Get Report) oil spill in the Gulf of Mexico. Drilling companies must file for new permits before they can start drilling again. In order to be cleared for operations, companies must meet a set of safety requirements. The CEO of each company must comply with new regulations in efforts to reduce the chance of future accidents.
"Internet TV" is a hot search topic today as Google ( GOOG) prepares to launch its highly anticipated Internet TV service, Google TV, this fall.
"Patch 4.0.1" is a trending topic on the Internet today following reports that a new downloadable patch 4.0.1 game upgrade will be added to the third expansion of the World of Warcraft: Cataclysm game. >>Hottest Video Games for 2010 Holiday The patch will reportedly feature improved abilities for all main classes such as Death Knights, Druids, Warlocks and Warriors, as well as updated talent trees and spells, class mechanic and glyph changes. World of Warcraft is made by Blizzard Entertainment, a unit of Activision Blizzard ( ATVI). The newest version is expected to launch on Dec. 7 and will reportedly cost $34.99 with a special edition for $69.99. The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move. -- Written by Theresa McCabe in Boston. >To contact the writer of this article, click here: Theresa McCabe. >To follow the writer on Twitter, go to @TheresaMcCabe. >To submit a news tip, send an email to: email@example.com.=