MRK

Merck Animal Health, a division of Merck & Co., has announced an agreement to acquire TARGAN, a developer of biodevices for animal health applications. Financial terms of the deal were not disclosed in the headline. The acquisition expands Merck Animal Health's technology portfolio in the biodevice space.

Alphabet's Google Cloud unveiled TPU 8t and 8i AI chips, the Gemini Enterprise Agent Platform, and a $750M enterprise AI adoption fund at its Cloud Next conference. The announcements include partnerships with Nvidia, Broadcom, Marvell, Merck, Salesforce, Deloitte, and Ulta Beauty. GOOGL was trading around $338.89 at the time of the article.

Merck's proposed acquisition of Terns Pharmaceuticals has cleared a key regulatory hurdle, with the Hart-Scott-Rodino (HSR) antitrust waiting period expiring without a challenge. This indicates U.S. antitrust regulators have no objection to the deal, moving it closer to completion. No revised deal terms or timeline for closing were mentioned in the article.