5 Business Headlines: January 9, 2026 - Pharma Deals, IPOs, and Space Station News

Pharmaceutical Industry Dealmaking

• 🤝 Merck is reportedly in talks to acquire cancer drug maker Revmed for an estimated $28 to $32 billion.
• ⏳ The Financial Times suggests a deal is likely several weeks away, but it could be the largest pharma sector deal in nearly three years.
• ⚠️ AbbVie previously denied a Wall Street Journal report about talks to buy Revmed.

Corporate Finance and IPOs

• 🚀 Strava, the fitness tracking app, has confidentially filed for an Initial Public Offering (IPO).
• 💰 The owner of luxury department store Saks is nearing a deal for a bankruptcy financing package exceeding $1 billion.

Media and Entertainment Ventures

• 📺 Paramount Global has engaged in discussions with companies and music industry figures regarding a potential stake in MTV.
• 💡 These talks aim to reinvigorate the MTV network.

International Space Station Operations

• 🧑‍🚀 NASA announced an early return for an astronaut and three other crew members from the International Space Station.
• 🩺 The early return is due to a serious medical condition affecting a crew member, though the specifics of the condition and the affected individual remain unclear.