Pfizer (PFE) will buy Anacor Pharmaceuticals (ANAC) in a deal valued at $5.2 billion, net of cash, for access to Anacor's non-steroidal topical gel to treat eczema. The price is a 55 percent premium to Anacor's closing stock price on Friday. (Reuters)
Berkshire Hathaway (BRK.A) has offered to be a potential finance partner for fellow billionaire Dan Gilbert's bid to buy Yahoo (YHOO), Berkshire Chairman and CEO Warren Buffett confirmed to CNBC. Gilbert is the chairman of Quicken Loans and the owner of the NBA's Cleveland Cavaliers.
Berkshire has taken a new stake in Apple, according to a Securities and Exchange Commission filing. Buffett told CNBC the investment was made by one of his lieutenants. Berkshire upped its Buffett-led investment in IBM.
Gannett (GCI), owner of USA Today, has increased its bid for Tribune Publishing (TPUB) to $15 per share in cash from the prior $12.25 per share, after reviewing Tribune's latest quarterly filing. The new offer is worth $479 million, excluding assumed debt.
Apple (AAPL) CEO Tim Cook met some of China's hottest app developers and used a Didi Chuxing car to visit an Apple's store, after arriving in Beijing for a charm offensive. Apple on Friday announced a $1 billion investment in Didi, a rival to Uber in China. (CNBC)
Alphabet's (GOOGL) Google unit reportedly faces a record $3.4 billion European fine, which would be assessed in the next several weeks. It relates to alleged promotion of Google's shopping service in internet searches at the expense of rivals. (Sunday Telegraph)
Amazon (AMZN) is expected to roll out private label food brands over the next several weeks. Under the names Happy Belly, Wickedly Prime, and Mama Bear, the new items, including nuts, spices, tea, coffee, baby food, and vitamins, could go on sale later this month or early June. (WSJ)
Microsoft (MSFT) is reportedly considering a sale of its Nokia mobile phone brand to Taiwan's Foxconn, as the tech giant overhauls its mobile business. Foxconn is Apple's main iPhone assembler. Last month, Foxconn agreed to buy Japan's Sharp for $3.5 billion. (VTech)
An affiliate of Caesars Entertainment (CZR) is considering a sale of its mobile and social gaming business. The sale could bring in more than $4 billion. Caesars is working with investment bank Raine Group. (WSJ)
Verizon (VZ) and union officials plan to restart negotiations tomorrow, after a weekend meeting with Labor Secretary Tom Perez. Nearly 40,000 employees have been on strike for about a month. (USA Today)
Facebook (FB) CEO Mark Zuckerberg plans to meet with conservative leaders this week to address allegations of political bias in Facebook newsfeed stories. The group includes commentator Glenn Beck. (Politico)
For nearly a year now, Donald Trump has continued to beat all expectations. However, according to a key group of U.S. business leaders, the Trump train will be permanently derailed come November. They largely believe Hillary Clinton will become the next president. (CNBC)
Donald Trump, the presumptive GOP presidential nominee, is weighing in on the Brexit debate, saying, "If I were from Britain, I would probably not want [the EU]." Trump made his remarks on Piers Morgan's morning show in the U.K. (CNBC)
President Barack Obama denounced the tenor of Trump's campaign without ever mentioning the billionaire businessman's name. "Building walls" is not the way of the future, said Obama, during Sunday's commencement speech at Rutgers University. (NBC News)