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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

PG&E's $6 Billion Plan to Prevent Wildfires Is in Peril
Business

PG&E's $6 Billion Plan to Prevent Wildfires Is in Peril

California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years in favor of other ways

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

$20 Billion Paper Powerhouse to Be Formed by Merger
Business

$20 Billion Paper Powerhouse to Be Formed by Merger

Smurfit Kappa and WestRock said they reached a tie-up agreement. Tony Smurfit will be CEO of the combined company. Source link

Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
Business

Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition

The world’s richest man has more than once drummed up cash from his empire of companies without having to permanently part with shares. Source link

Spotify’s $1 Billion Podcast Bet Turns Into a Serial Drama
Business

Spotify’s $1 Billion Podcast Bet Turns Into a Serial Drama

Listen to article (2 minutes) Spotify spent more than $1 billion to build a podcasting empire. It struck splashy deals with Kim Kardashian, the Obamas

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion 
Business

J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion 

The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses. Source link

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
Business

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares

The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans have fallen through. Source link