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.

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Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9:45 p.m. ET: 19,282,972 — Total deaths: 718,851 — Total recoveries — 11,671,491Map.
  2. U.S.: Total confirmed cases as of 9:45 p.m. ET: 4,937,441 — Total deaths: 161,248 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.

Trump considering order on pre-existing condition protections, which already exist

Photo: Jim Watson/AFP via Getty Images

President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.

Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.