M&A

The merger will result in a combined utility company valued at roughly $40 billion.

Stifel analyst Paul Matteis called the $12 billion deal “highly validating for the space.”

Trian disclosed it was buying shares of Janus Henderson in October 2020, and it currently has two representatives on the Janus Henderson Board.

The deal expands Huntington Bancshares’ presence in Texas and the South.

The acquisition expands the advisor ranks at Equitable, which currently has 4,500 financial professionals.

Mag 7 earnings and Fed decision headline busy week, officials talk of progress ahead of Trump-Xi meeting, Novartis agrees to buy Avidity, and more news to start your day.

As utilities build power plants to power the AI industry, their earnings should grow.

Warner Bros. Discovery confirmed it had received “unsolicited interest” from multiple parties.

Going public will get easier, and annual meetings will be freed from pesky shareholder proposals, promised Paul Atkins, the U.S. Securities and Exchange Commission chair.

Warner Bros. initiates a review of strategic alternatives.

The crypto exchange just made its eighth acquisition of 2025.

Institutional Shareholder Services is advising against the merger and a few large Core Scientific shareholders are trying to lead the charge to reject the deal.

L’Oréal’s deal to acquire Kering’s beauty business is a win for both balance sheets and prestige brand portfolios. Competitor Coty is set for a significant blow with the loss of the lucrative Gucci license.

The maker of women’s health products rejected a $16 billion offer from the parties in May.

Jana Partners plans to push for strategic alternatives at Cooper, The Wall Street Journal reports.

The Fed heads into its October meeting with less clarity than usual, Tesla shareholders told to reject CEO Musk’s $1 trillion pay, and more news to start your day.

The owner of Gucci, Balenciaga, and other brands is selling its beauty business to L’Oréal for about $4 billion.

Del Taco has logged six consecutive quarters of same-store sales declines.

Kraken is paying $100 million for Small Exchange, a designated contract market.

Apollo Global Management submits a bid to take Papa John’s private, according to reports.

The addition of WGG Wealth Partners will expand NorthRock’s presence in Northern California.

The deal will create a combined company with an enterprise value of more than $8 billion.

Goldman’s up-to-$1 billion deal for Industry Ventures underscores the bank’s growth ambitions for its asset-management arm.

Broadcom is working with OpenAI to develop and deploy 10 gigawatts of custom artificial-intelligence accelerators, while MP Materials and other rare-earth stocks extend sharp gains.

The chip maker is under investigation by China’s State Administration for Market Regulation.