Shots:

• As per Bloomberg- AstraZeneca communicated with Gilead about a possible merger to form the world’s largest drug company. Last month- AstraZeneca approached Gilead to measure its interest in a possible merger
• The merger would unite two of the companies at the forefront of the industry's efforts to combat COVID-19 and could be politically sensitive as governments seek control over potential vaccines or treatments
• If combined- the two companies would have a market capitalization of ~$232B- which would surpass Merck & Co. and Pfizer at $207B and $200B respectively. Additionally- the deal would exceed BMS’ $74B acquisition of Celgene

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Ref: Bloomberg | Image: Bloomberg