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Axios Pro: Pro Deals
Thought Bubble
July 09, 2025
Axios Pro Exclusive Content
Katherine Davis
👋 Katherine Davis here,
with analysis on one of the largest biotech acquisitions of the year.
1 big thing: Merck's $10B bellwether bet
Illustration of a hundred dollar bill with Benjamin Franklin dressed as a doctor and holding a prescription pill bottle.
Illustration: Victoria Ellis/Axios