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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
The deal expands the pharmaceutical company’s portfolio of cancer drugs. Source link
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
How Dodgy Spare Parts Got Into Jet Engines, Leaving Airlines Scrambling
Airlines are checking their fleets after regulators and engine makers claimed that a small broker sold spare parts with forged safety documents. Source link
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
New drugs to defeat “superbug” bacteria aren’t reaching patients. Source link
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
The kingdom is trying to boost foreign investment but has a contentious history with Elon Musk. Source link
Why the Twinkie Is Now Worth Billions
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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