{"id":63776,"date":"2026-06-26T05:09:05","date_gmt":"2026-06-26T09:09:05","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/merck-kgaa-announces-11-3-billion-bio-techne-acquisition-trump-notifies-congress-of-700-million-jet-engine-sale-to-turkiye\/63776\/"},"modified":"2026-06-26T05:09:05","modified_gmt":"2026-06-26T09:09:05","slug":"merck-kgaa-announces-11-3-billion-bio-techne-acquisition-trump-notifies-congress-of-700-million-jet-engine-sale-to-turkiye","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/merck-kgaa-announces-11-3-billion-bio-techne-acquisition-trump-notifies-congress-of-700-million-jet-engine-sale-to-turkiye\/63776\/","title":{"rendered":"Merck KGaA Announces $11.3 Billion Bio-Techne Acquisition; Trump Notifies Congress of $700 Million Jet Engine Sale to T\u00fcrkiye"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Merck KGaA (<a href=\"\/stock\/MRK\">MRK<\/a>)<\/strong> has entered a definitive agreement to acquire <strong>Bio-Techne (<a href=\"\/stock\/TECH\">TECH<\/a>)<\/strong> for <strong>$11.3 billion<\/strong> ($73 per share), marking its largest deal in over a decade to bolster its life sciences division.<\/li>\n<li>The <strong>Trump administration<\/strong> formally notified Congress of a <strong>$700 million-plus<\/strong> sale of <strong>General Electric (<a href=\"\/stock\/GE\">GE<\/a>)<\/strong> F110 jet engines to <strong>T\u00fcrkiye<\/strong> for its indigenous <strong>KAAN<\/strong> fighter program, signaling a significant shift in U.S.-Turkish defense relations.<\/li>\n<li><strong>Hyundai (<a href=\"\/stock\/005380.KS\">005380.KS<\/a>)<\/strong> is recalling over <strong>96,000 vehicles<\/strong> in the U.S. due to a software error that causes instrument panel displays to fail, potentially obscuring critical safety information.<\/li>\n<li><strong>China&#39;s<\/strong> services trade deficit widened to <strong>$18 billion<\/strong> in May, bringing the total gap for the first five months of 2026 to <strong>$93.1 billion<\/strong>, according to the State Administration of Foreign Exchange.<\/li>\n<li><strong>Japan\u2019s<\/strong> Prime Minister <strong>Sanae Takaichi<\/strong> is scheduled to visit <strong>India<\/strong> from July 1\u20133 for the 16th India-Japan Annual Summit, her first official visit since taking office.<\/li>\n<\/ul>\n<h2>Merck KGaA Expands Life Sciences Footprint with $11.3 Billion Deal<\/h2>\n<p>German science and technology giant <strong>Merck KGaA (<a href=\"\/stock\/MRK\">MRK<\/a>)<\/strong> has agreed to acquire U.S.-based <strong>Bio-Techne (<a href=\"\/stock\/TECH\">TECH<\/a>)<\/strong> for <strong>$73 per share<\/strong> in an all-cash transaction. The deal, valued at approximately <strong>$11.3 billion<\/strong>, represents a <strong>36% premium<\/strong> over Bio-Techne\u2019s one-month volume-weighted average price. This acquisition is the first major move under new CEO <strong>Kai Beckmann<\/strong> and is intended to strengthen Merck&#39;s position in high-growth markets such as multi-omics, spatial biology, and protein analysis.<\/p>\n<p>The transaction is expected to be immediately accretive to sales growth and EBITDA pre-margin, with cost synergies of <strong>\u20ac140 million<\/strong> anticipated by the third year. <em>Analysts view the move as a strategic effort to capitalize on the recovery of biotech funding and pharmaceutical R&amp;D investment.<\/em> The deal is slated to close in late 2026 or early 2027, pending regulatory and shareholder approvals.<\/p>\n<h2>U.S. Advances $700 Million Defense Sale to T\u00fcrkiye<\/h2>\n<p>The <strong>Trump administration<\/strong> has bypassed certain congressional hurdles to notify lawmakers of a <strong>$700 million<\/strong> sale of <strong>General Electric (<a href=\"\/stock\/GE\">GE<\/a>)<\/strong> F110 engines to <strong>T\u00fcrkiye<\/strong>. These engines are critical for the initial production of the <strong>KAAN<\/strong> fifth-generation fighter jet, a cornerstone of Ankara&#39;s push for defense self-sufficiency. The move comes just ahead of a pivotal <strong>NATO summit<\/strong> in Ankara next month, reflecting a &quot;geopolitical reset&quot; after years of tension over T\u00fcrkiye&#39;s purchase of Russian S-400 systems.<\/p>\n<p>While some members of Congress have expressed concerns over the sale, the administration described President <strong>Recep Tayyip Erdogan<\/strong> as a &quot;strong member of NATO&quot; and a &quot;great partner.&quot; <em>The deal is seen as a bridge until T\u00fcrkiye can complete its own domestic engine development, the TEI-TF35000.<\/em><\/p>\n<h2>Hyundai Issues Major U.S. Recall Over Display Failures<\/h2>\n<p><strong>Hyundai Motor (<a href=\"\/stock\/005380.KS\">005380.KS<\/a>)<\/strong> is recalling <strong>96,300 vehicles<\/strong> in the United States following reports of faulty instrument panel displays. According to the <strong>National Highway Traffic Safety Administration (NHTSA)<\/strong>, a software error can cause the liquid-crystal display (LCD) to fail or invert upon startup, making the speedometer and safety warnings illegible.<\/p>\n<p>The recall affects certain 2022\u20132026 models, including the <strong>Santa Fe Hybrid<\/strong> and <strong>Palisade<\/strong>. Hyundai has stated that dealers will provide a free software update or replace the instrument cluster where necessary. <em>This follows a series of similar software-related recalls for the manufacturer earlier this year involving its luxury Genesis brand.<\/em><\/p>\n<h2>Global Economic Shifts: China Trade and European Sentiment<\/h2>\n<p><strong>China&#39;s<\/strong> foreign exchange regulator reported that the services trade deficit reached <strong>$18 billion<\/strong> in May, as the country continues to see a recovery in outbound travel and high demand for foreign technical services. For the period of January to May 2026, the cumulative deficit stands at <strong>$93.1 billion<\/strong>. <em>Economists suggest that while China maintains a massive goods surplus, the widening services gap reflects a gradual rebalancing of its external accounts.<\/em><\/p>\n<p>In Europe, <strong>Italy&#39;s<\/strong> consumer sentiment for May came in at <strong>92.4<\/strong>, missing the estimated <strong>94.3<\/strong> and falling from the previous month&#39;s <strong>93.4<\/strong>. Conversely, <strong>manufacturing confidence<\/strong> showed a slight uptick to <strong>88.4<\/strong>, marginally beating expectations. Meanwhile, <strong>France&#39;s<\/strong> national statistics office, <strong>INSEE<\/strong>, reported it was the victim of a cyberattack. While data for approximately <strong>12,800 staff members<\/strong> was breached, the agency confirmed that no sensitive financial or personal citizen data was compromised.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Merck KGaA (MRK) has entered a definitive agreement to acquire Bio-Techne (TECH) for $11.3 billion ($73 per share), 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