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Illustration: Sarah Grillo/Axios

It's been a while since we've had a full-fledged Merger Monday, but today we've seen over $60 billion in announced deals.

Why it matters: This isn't about a macro economic shift. It's about bankers and boards wanting to enjoy their Thanksgiving breaks, without constant cell phone pings.

Charles Schwab confirmed it will buy TD Ameritrade for $26 billion in stock.

  • This creates a discount brokerage with over $5 trillion in AUM, assuming it can pass regulatory muster.

LVMH confirmed it will buy Tiffany & Co. for $16.2 billion (not including assumed debt), or $135 per share.

  • The deal ends Tiffany's 182-year run as an independent company, and comes as the U.S.-China trade war has taken a painful toll.

Viagogo agreed to buy StubHub from eBay for $4.05 billion in cash.

  • Viagogo founder and CEO Eric Baker also co-founded StubHub, and now gets to manage both ticket resale marketplaces under the same umbrella. It also represents a whiff for PE-backed Vivid Seats, which for months had seemed to be the favorite.
  • Baker tells Axios that VC-backed Viagogo is profitable, and that the deal was financed through a combination of cash on hand, debt underwritten by JPMorgan, and new equity funding from existing backers Bessemer Venture Partners and Madrone Venture Group.

Novartis will buy The Medicines Co. for $9.7 billion in cash.

  • This is a pricey bet on a cholesterol-fighting drug that's being prepped for an FDA approval filing that should come within the month. A similar submission for Europe is expected in Q1.

Mitsubishi Corp. agreed to buy Dutch utility Eneco for €4.1 billion, beating out KKR and Royal Dutch Shell.

  • It's a major loss for Shell, which has said it wants to buy its way into becoming a power generation leader.

Up next:

Go deeper

AOC and Ilhan Omar want to block Biden’s former chief of staff

Reps. Ilhan Omar and Alexandria Ocasio-Cortez. Photo: Brendan Smialowski/Getty Images

Reps. Alexandria Ocasio-Cortez and Ilhan Omar are boosting a petition against Joe Biden nominating his former chief of staff to a new role in his administration, calling Bruce Reed a "deficit hawk” and criticizing his past support for Social Security and Medicare cuts.

Why it matters: Progressives are mounting their pressure campaign after the president-elect did not include any of their favored candidates in his first slate of Cabinet nominees, and they are serious about installing some of their allies, blocking anyone who doesn't pass their smell test — and making noise if they are not heard.

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Butterball CEO Jay Jandrain talks turkey

Butterball estimates that it sells one out of every three Thanksgiving turkeys, but knows that this year's celebrations will be different than years past.

Axios Re:Cap talks with the turkey giant's CEO Jay Jandrain about what people are buying, what they're asking the "Turkey Talkline" and what the pandemic has meant for his business.

Biden introduces top national security team

President-elect Joe Biden's nominee for Secretary of State Antony Blinken spoke Tuesday at an event introducing the incoming administration's top national security officials, where he told the story of his stepfather being the only one of 900 children at his school in Poland to survive the Holocaust.

What they're saying: "At the end of the war, he made a break from a death march into the woods in Bavaria. From his hiding place, he heard a deep rumbling sound. It was a tank. But instead of the iron cross, he saw painted on its side a five pointed white star," Blinken said.

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