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The numbers of global mergers and acquisitions through the first three quarters of 2017 is effectively flat over 2016, although the value of deals rose by 2.1%, according to preliminary data from Thomson Reuters. Within the U.S., the number of deals climbed by 17% but aggregate deal value fell by nearly 9%.

Expand chart

Data: Thomson Reuters; Chart: Lazaro Gamio / Axios

More preliminary data from Thomson Reuters:

  • Bigger the fall: The big global drop was in large transactions, with an 11.4% decrease in the aggregate value of deals worth $5 billion or more. When limited to deals of $10 billion or more, the fall was even steeper to 17.7%.
  • Sector specific: Energy and power made up 15.2% of global deal value, followed by industrials (13.7%) and real estate (12.2%). Energy and power also led the way through the first nine months of 2016, but was tied last year at 14.6% market share with high tech, which in 2017 is tied for fourth with financials (9.9% market share).
  • Biggest deal: So far it's Atlantia's $34.7 billion agreement to acquire Spanish toll road operator Abertis. That's followed by the anticipated U.S. aerospace and defense sector tie-up between United Technologies and Rockwell Collins.
  • Private equity: The number of PE-backed buyouts was flat, but the value of those deals rose nearly 25% over 2016.
  • Wall Street: Goldman Sachs and Morgan Stanley retained their 1-2 punch in terms of both global and U.S. advisory work on M&A, although J.P. Morgan jumped to #3 in both league tables — displacing Citi for global (fell to 4th) and UBS for U.S. (falling to 11).

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  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

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Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

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Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.