To The Moon

Exxon Mobil said Wednesday it agreed to acquire Pioneer Natural Resources in an all-stock transaction valued at $59.5B, or $253/share, based on Exxon's closing price on October 5.Under the deal terms, Pioneer shareholders will receive 2.3234 Exxon shares for each Pioneer share at closing.The implied total enterprise value of the transaction, including net debt, is ~$64.5B.

Nvidia Corp. became the world’s first chipmaker with a $1 trillion market capitalization, joining th