Boeing 737 Max Grounded After Alaska Airlines Incident; Major Acquisitions in Pharmaceutical and Medical Device Sectors
Merck, Boston Scientific, and Johnson & Johnson announce multi-million dollar acquisitions as Boeing and Alaska Air face challenges.
- Some Boeing 737 Max jetliners are grounded after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage.
- Alaska Air Group Inc. faced mounting cancellations after the incident.
- Merck is buying Harpoon Therapeutics Inc. for about $680 million.
- Boston Scientific is buying Axonics Inc. for about $3.7 billion.
- Johnson & Johnson is buying Ambrx Biopharma Inc. for about $2 billion.
Washington Post 
Associated Press 