Back to today’s briefing

Story perspectives

Merger Talks Amid Market Retreat and Pfizer's Acquisition

9/26/2025

36 6

Summary

Story summary

Performance Food Group Co (PFGC) and US Foods Holding Corp (USFD) discuss a potential merger.
Activist Scott Ferguson joined PFGC's board.
Pfizer Inc (PFE) raised its target to $34 after acquiring MTSR for $4.9 billion.
Canada’s TSX index declined despite a record high, with mixed commodity performance and upcoming GDP figures.
U.S. equities retreated on profit-taking and Powell’s inflation uncertainties.

1 of 1

Story summary

Performance Food Group Co (PFGC) and US Foods Holding Corp (USFD) discuss a potential merger.
Activist Scott Ferguson joined PFGC's board.
Pfizer Inc (PFE) raised its target to $34 after acquiring MTSR for $4.9 billion.
Canada’s TSX index declined despite a record high, with mixed commodity performance and upcoming GDP figures.
U.S. equities retreated on profit-taking and Powell’s inflation uncertainties.