M&A

Government shutdown hits day 10, U.S. begins Argentine rescue, Amazon Prime shoppers snapped up necessities, and more news to start your day.

Novo said it would buy Akero for $54 a share in cash and an additional $6 if it gets U.S. approval of efruxifermin, it’s treatment for fatty liver disease.

The firm Singer Burke will join Mercer’s Regis Group, the high-end unit of the firm that serves families with $25 million or more in investible assets.

Paramount is exploring a takeover of its fellow media giant, according to reports.

Confluent is working with an investment bank on the sale process, according to a report.

Air travel delays ramp up, activists say Wells Fargo should keep independent board chair, NYSE parent invests in prediction market, and more news to start your day.

It remains unclear whether the deal to create the nation’s ninth largest bank would end Comerica’s brokerage-service deal with Ameriprise.

The two registered investment advisory firms are employee owned and have no outside investors.

Intercontinental Exchange is investing up to $2 billion in the prediction market Polymarket.

The space technology company is buying SciTec, a software provider, for $855 million.

Edelman, which is owned by private-equity investors, now manages more than $308 billion.

The transaction would create 9th largest U.S. bank with some $288 billion in assets, the companies said.

On Friday, the U.S. wealth unit of Toronto-based CI Financial announced it bought a multifamily office with $2 billion in client assets.

Deals in the tech sector globally totaled $511 billion this year through the first two weeks of September, up 41% from a year ago, according to the London Stock Exchange Group.

Berkshire will acquire the chemical business in an all-cash transaction.

Nike trades higher after the sneaker and athletic apparel company’s quarterly earnings beat Wall Street estimates.

The company is splitting up its crop chemicals and seed businesses, which came together via the 2017 merger of Dow and DuPont.

The general expectation is that Warren Buffett’s company would use cash to buy the business, but that may not be the best choice.

The utility company has brokered deals with Big Tech companies like Microsoft, Alphabet, and Meta Platforms in recent years.

If the deal happens, it would be the largest for Berkshire since its nearly $13 billion purchase of the insurer Alleghany in 2022.

Government shutdown starts, Pfizer’s drug pricing deal could become industry template, risks from Trump’s tariffs, and more news to start your day.

The bank’s CEO said a better environment for M&A helped boost revenue from advisory work.

Electronic Arts stock gained 4.5% Monday to $202.05, trading nearly 4% below the deal price of $210 a share in cash.

The company said Steve Angel, who comes from outside the rail industry, had succeeded former CEO Joe Hinrichs

USA Rare Earth rises after it announces plans to buy U.K.-based maker of rare earth alloys.