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Devon Energy's stock price fluctuated after the OKC-based company announced a merger with Coterra Energy. Here's what to know.
The details: The deal valued SpaceX at about $1 trillion, up from the roughly $800 billion cited in December; xAI was valued at $250 billion, slightly up from its last fund-raising round. (The move required SpaceX to issue about $250 billion of new stock, drastically diluting the stakes of existing investors.)
Devon Energy and Coterra Energy announced an all-stock merger that would combine operations and reshape the future of both companies. Read along to see what we know about the merger.
Fifth Third and Comerica have merged, creating the ninth-largest U.S. bank with $294 billion in assets and expanded branch reach.