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Exxon Buys Pioneer for $60 Billion to Create Shale Giant
Business

Exxon Buys Pioneer for $60 Billion to Create Shale Giant

The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year. Source

Bristol Myers Squibb to Acquire Mirati Therapeutics in Deal Worth Up to $5.8 Billion
Business

Bristol Myers Squibb to Acquire Mirati Therapeutics in Deal Worth Up to $5.8 Billion

The deal expands the pharmaceutical company’s portfolio of cancer drugs. Source link

The Oil Patch Is Primed for an Era of Megadeals
Business

The Oil Patch Is Primed for an Era of Megadeals

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own. Source link

Meal-Kit Maker Blue Apron to Be Sold
Business

Meal-Kit Maker Blue Apron to Be Sold

The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership. Source link

The World Needs New Antibiotics, but the Business Model Is Broken
Business

The World Needs New Antibiotics, but the Business Model Is Broken

New drugs to defeat “superbug” bacteria aren’t reaching patients. Source link

Cisco Systems to Buy Splunk in $28 Billion Deal
Business

Cisco Systems to Buy Splunk in $28 Billion Deal

Networking-equipment giant Cisco Systems has struck a $28 billion deal to buy analytics and security software company Splunk. Source link

Tesla, Saudi Arabia in Early Talks for EV Factory
Business

Tesla, Saudi Arabia in Early Talks for EV Factory

The kingdom is trying to boost foreign investment but has a contentious history with Elon Musk. Source link

J.B. Hunt Transport Will Acquire BNSF Brokerage Business
Business

J.B. Hunt Transport Will Acquire BNSF Brokerage Business

The sale comes as the freight operator and the railroad are stepping up their commercial relationship. Source link

Arm Sets IPO Price at $51 a Share
Business

Arm Sets IPO Price at $51 a Share

British chip designer drops price after initially considering $52 a share. Source link

WWE, UFC Combined Company Makes Market Debut, Targets Demand for Sports
Business

WWE, UFC Combined Company Makes Market Debut, Targets Demand for Sports

TKO plans to pursue future acquisitions of sports-focused companies, the president of the new company says. Source link