Merck, the New Jersey drug giant, is paying $107 a share, or about $10 billion, to acquire Verona Pharma, a London company that makes a respiratory treatment that could bring $4 billion in annual sales in the next decade.
Tag: U.S. economy
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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MOST U.S. WAREHOUSE SPACE NOW VACANT SINCE 2014
More U.S. warehouse space is now vacant than at any time in the past 11 years, according to data from real estate services firm Cushman & Wakefield.
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TRUMP’S ANTI-TRUST OFFICIALS ARE MEGADEAL-FRIENDLY
In June, anti-trust officials in Donald Trump's justice department approved three mergers collectively worth $63.5 billion, showing a leniency that sharply departs from the more skeptical view of big mergers that dominated the Biden administration.
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HIGH HOME PRICES, MORTGAGE RATES MEAN PROFITS FOR LANDLORDS
With the median U.S. home price hovering around $400,000 and mortgage interest rates stuck between 6.5 and 7 percent, fewer people can afford to buy homes than in the recent past.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
After a pause in layoffs in late spring, early summer, U.S. government jobs are again on the chopping block.
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WALL STREET BANKS SEE A HAPPY EARNINGS SEASON AHEAD
Investment banks are not letting weakening consumer spending or debris from Donald Trump’s trade war spoil their sunny view of Wall Street’s earning season that begins this week.
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ECONOMIC UPDATE—MARKET OVERVIEW
As the old saying goes; “You can’t make this shit up.” But as we have detailed since Donald Trump won the race to the White House in 2024, with every passing day—from the Tariff War to the Israel War, to the Ukraine War to the Yemen War, to the Iran War—another day, another promise and another broken promise.
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SPOTLIGHT: CRYPTO GOES MAINSTREAM
Crypto services company BitGo, stablecoin issuer Circle, and Ripple, a crypto payments business, have applied to be chartered as U.S. banks, the Financial Times reported.
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SPOTLIGHT: BIGS GETTING BIGGER
Stock market churn, geopolitical strife, and Donald Trump’s chaotic tariff war have not hobbled the U.S. market for corporate mergers and acquisitions.
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