Amgen Said to Agree to $26 Billion Purchase of Horizon

The transcript discusses a major $26 billion acquisition deal in the biopharma sector, marking the largest ever for an American company. Initially, both Amgen and Sanofi were contenders for the Horizon Therapeutics sale. However, Sanofi unexpectedly withdrew, leaving Amgen as the likely buyer. The market context is challenging, with other events like snow and strikes, but the focus remains on this significant deal, which could be announced soon.

What is the estimated value of the acquisition discussed in the text?

What was the reaction of the market to the M&A news at the beginning of the week?

Which two companies were involved in the Horizon Therapeutics sale?

What unexpected decision did Sanofi make regarding the acquisition?

When could the agreement for the acquisition potentially be announced?