Apr 30, 2018

The return of Merger Monday

Illustration: Sarah Grillo / Axios

Merger Monday is back with a vengeance, with more than $72 billion worth of deals announced in the telecom, energy, retail and real estate sectors.

Bigger picture: Global M&A activity is up 56% from this time last year while U.S. M&A is up 29%, per Thomson Reuters.

  • T-Mobile and Sprint yesterday agreed to a $26 billion tie-up, which would create America's second-largest wireless carrier (leapfrogging Verizon, still behind AT&T).
  • Marathon Petroleum agreed to buy Andeavor for $23.3 billion, which would create the largest U.S. oil refiner by capacity (overtaking Valero Energy).
  • Marriott Vacations Worldwide agreed to buy ILG for $4.7 billion, which Bloomberg says creates "the largest luxury brand for timeshare vacation resorts."
  • Prologis agreed to acquire DCT Industrial Trust for $8.4 billion in stock, putting even more distance between Prologis and lesser rivals in the global warehouse and distribution center market (a market that's surging in the world of Amazon and broader e-commerce).
  • Sainsbury's agreed to merge with Walmart's Asda in a $10 billion tie-up that would create Britain's largest supermarket operator.

Go deeper

America's dwindling executions

The Trump administration wants to reboot federal executions, pointing to a 16-year lapse, but Pew Research reports the government has only executed three people since 1963.

The big picture: Nearly all executions in the U.S. are done by states. Even those have been steadily dropping for two decades, per the Bureau of Justice Statistics (BJS) — marking a downward trend for all executions in the country.

Top NSC official may be moved after "Anonymous" rumor fallout

President Trump at the Daytona 500. (Photo: Chris Graythen/Getty Images)

Top Trump administration officials are in discussions to reassign deputy national security adviser Victoria Coates to the Department of Energy from the National Security Council, per two sources familiar with the planning.

Why it matters: Coates' working relationship with National Security Adviser Robert O'Brien, who elevated her to the deputy role only months ago, has strained amid an effort by some people inside the administration to tag her as "Anonymous" — a charge she has vehemently denied to colleagues.

Jeff Bezos commits $10 billion for climate change research

Bezos at Amazon Smbhav in New Delhi on Jan. 15. Photo: Sajjad Hussain/AFP via Getty Images

Amazon founder Jeff Bezos announced the launch of his "Earth Fund" on Monday via Instagram to fund climate change research and awareness.

What he's saying: Bezos says he's initially committing $10 billion to fund "scientists, activists, and NGOS" that are working on environmental preservation and protection efforts.