Walgreens Boots Alliance (WBA) has agreed to buy rival drugstore chain Rite Aid (RAD) for $9.4 billion, as many health care companies look to cut costs and consolidate amid industry changes like Obamacare. (CNBC)
Northrop Grumman (NOC) has won an Air Force contract, , to build the next-generation long range bomber. Meanwhile, Boeing (BA), which had also been in contention, is deciding whether to appeal. (Reuters)
Volkswagen shares rallied in Germany today, despite reporting an operating loss of $3.84 billion in the third quarter, as a scandal over falsifying its diesel emissions knocked the automaker's results. (CNBC)
The FDA said beleaguered biotech unicorn Theranos is shipping the company's blood collection device without the proper authorization across state lines. (CNBC)
In a CNBC op-ed ahead of tonight's GOP presidential debate, candidate Donald Trump made his case for why voters should put him in the White House, citing his leadership skills.
Watch CNBC's "Your Money, Your Vote: The Republican Presidential Debate" tonight. The debate features two sets of candidates discussing critical issues facing America today, including job growth, taxes and the health of our economy. Coverage begins at 5 p.m. ET this evening.
The House is expected to vote today on a bipartisan, two-year budget deal supported by the White House. Meanwhile, House Republicans are set to nominate Rep. Paul Ryan as the new speaker. (USA Today)
Education officials said the drop in math scores on a nationwide test was unexpected, but could be related to changes ushered in by the Common Core standards. (NY Times)
In a candid letter to investors, hedge fund billionaire Larry Robbins apologized for a 20 percent year-to-date loss in his flagship fund, writing, "I've failed to protect your capital, and mine … despite a flat market."
U.S. oil prices gained ground this morning, after an industry group reported stockpiles declined at a key storage hub. Traders get a look at the weekly oil inventory numbers from the Energy Department at 10:30 a.m. ET.
Wide weekly swings in mortgage applications seem to have calmed down, now that new lender regulations have been in place for nearly a month. Total home loan filings decreased 3.5 percent last week, according to the Mortgage Bankers Association.
It's another busy morning for corporate earnings, with results Mondelez International (MDLZ) and Starwood Hotels (HOT), among others. The after-the-bell list this afternoon includes PayPal (PYPL), Yelp (YELP), and GoPro (GPRO).
Following the split of Hewlett-Packard into two separate companies, Hewlett Packard Enterprise (HPE) will be added to the after Friday's close, replacing Hudson City Bancorp, which is about to be acquired. HP Inc. (HPQ), keeping the legacy ticker symbol, will stay in the index.
Akamai (AKAM) shares were slammed in premarket trading, the Internet technology provider issued a profit and sales warning. However, current quarter earnings and revenue beat expectations. Akamai CEO Tom Leighton joins CNBC's "Squawk Box" at 7:40 a.m. ET.
IBM (IBM) is near a deal to buy the digital assets of Weather Channel parent Weather Company, a deal that could be valued at more than $2 billion. Re/code had first reported the talks last week.