The technology sector is experiencing a downturn in mergers and acquisitions, with activity slowing significantly. Bloomberg posted on X, highlighting the recent developments in the industry. In a notable transaction, Gilead Sciences has reached an agreement to acquire Arcellx, a move that underscores its strategic focus on expanding its portfolio in the biotech field. Meanwhile, Merck has announced plans to separate its pharmaceutical division, a strategic decision aimed at enhancing operational efficiency and focusing on core business areas
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