Dow Jones Top Company Headlines at 11 AM ET: Merck Reaches Nearly $6 Billion Deal for Cancer Biotech Terns | Lockheed, ...

Merck Reaches Nearly $6 Billion Deal for Cancer Biotech Terns

The drugmaker has been seeking to bolster its pipeline as its top-selling drug, Keytruda, is set to lose patent protection.

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Lockheed, Honeywell Sign Framework Deals to Accelerate Missile, Defense Tech Output

Lockheed Martin and Honeywell Aerospace have signed new framework agreements with the U.S. government to accelerate the production of critical defense technologies.

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Chewy Issues Upbeat Outlook as Profit, Revenue Rise

Chewy said it expects sales to grow again this year after the pet-supplies retailer ended 2025 on solid footing with higher profit and sales in its fiscal fourth quarter.

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Sony, Honda Put Brakes on Electric-Vehicle JV

Sony Honda Mobility has decided to discontinue the development and launch of its first model, the Afeela 1, as well as a second vehicle that had been under development.

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Cintas Profit Rises Ahead of UniFirst Merger

Cintas reported higher third-quarter profit and raised its fiscal-year guidance as it prepares to integrate competitor UniFirst in an acquisition it had agreed to earlier this month.

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Boralex Agrees to $2.76 Billion Takeover by Brookfield and Caisse de Depot

Brookfield Asset Management and Caisse de Depot et Placement du Quebec are teaming up to buy Boralex in a deal worth about 3.8 billion Canadian dollars, the equivalent of US$2.76 billion, that aims to accelerate the Canadian renewable energy company's growth as a private company.

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Meta Targets $9 Trillion Valuation With New Executive Incentive Program

New stock option program could pay some executives hundreds of millions of dollars if they reach aggressive growth targets.

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Winnebago Revenue Rises as Price Hikes Counteract Lower Sales Volume

Winnebago reported higher second-quarter revenue as price hikes helped to offset lower sales volume.

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Sandisk Investing $1 Billion in Nanya Technology

Sandisk is investing $1 billion in Nanya Technology in connection with a multi-year supply arrangement with the Taiwan chip maker.

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SLB, Nvidia Expand Collaboration on AI Use in Energy Industry

SLB and Nvidia have expanded the two companies' collaboration aiming to design and deploy AI infrastructure and models for the energy industry.

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Beretta Seeks Larger Stake in Sturm Ruger Amid Dispute

Beretta Holding has made an offer to increase its stake in Sturm, Ruger & Company, the latest move in an escalating dispute between the two firearms makers.

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Temu Owner PDD Posts Surprise Profit Drop

The Chinese owner of shopping app Temu reported lower 11% lower profit in the final quarter of 2025, as its domestic e-commerce platform remained under pressure from competition.

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Monte Dei Paschi Chooses CEO to Succeed Luigi Lovaglio

The bank intends to propose Fabrizio Palermo, the boss of Italian water operator Acea, as its next chief executive.

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Macquarie Asset Management Top Contender to Buy Stake in Tower Company

Australia's Macquarie Asset Management has emerged as the lead contender to acquire Axiata Group's majority stake in one of the world's biggest telecommunications tower firms.

(END) Dow Jones Newswires

March 25, 2026 11:15 ET (15:15 GMT)