An international team of scientists and conservationists announced Wednesday they successfully produced 2 northern white rhino embryos, offering potential salvation for the nearly-extinct species, per AP.

The big picture: The northern white rhino population has been obliterated by poaching, with rhino horns in-demand on illegal markets, particularly in Asia. The last remaining male, named Sudan, passed away in 2018. Only 2 females are remaining: a mother named Najin and her daughter Fatu.

Bayer agreed to sell its veterinary drugs business to Elanco for $7.6 billion in cash and stock.

Why it matters: It creates the world's second-largest animal health company by revenue, behind Zoetis, with a 13% market share. It also will help Bayer cut into the debt pile it built via last year's Monsanto acquisition.