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Top Midday Stories: Over 1,400 Flights Canceled Monday and Counting; Pfizer to Acquire Metsera for up to $86.25 per Share
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Top Midday Stories: Over 1,400 Flights Canceled Monday and Counting; Pfizer to Acquire Metsera for up to $86.25 per Share
Nov 10, 2025 8:58 AM

11:44 AM EST, 11/10/2025 (MT Newswires) -- The Nasdaq Composite and S&P 500 were up in late-morning trading Monday, while the Dow Jones Industrial Average was roughly flat after US lawmakers took a step toward reopening the federal government.

In company news, over 1,400 flights were canceled as of 7:15 a.m. ET on Monday, and that number is expected to grow, Bloomberg reported, citing data compiled by aviation analytics firm Cirium. Shares of United Airlines (UAL) and Delta Airlines (DAL) were down 0.9% and 0.3%, respectively. Shares of American Airlines ( AAL ) and Southwest Airlines ( LUV ) were down 1.6% and up 1.2%, respectively.

Metsera ( MTSR ) said late Friday it signed an amended merger agreement with Pfizer ( PFE ) under which Pfizer ( PFE ) will acquire Metsera ( MTSR ) for up to $86.25 per share. The new consideration consists of $65.60 per share in cash and a contingent value right entitling holders to additional payments of up to $20.65 per share in cash. Metsera ( MTSR ) said its board determined that the revised terms represent the "best transaction" for its shareholders and that the deal proposed by Novo Nordisk ( NVO ) presents "unacceptably high legal and regulatory risks." Metsera ( MTSR ) shares were down past 15%, while those of Pfizer ( PFE ) and Novo Nordisk ( NVO ) were down 1.8% and up 0.1%, respectively.

Papa John's International (PZZA) is closing in on a deal worth $65 per share to be taken private, ABC Money reported. Papa John's shares were up more than 15%.

TreeHouse Foods ( THS ) has signed a deal to be acquired by Industrial F&B Investments III for $22.50 per share in cash, or about $2.9 billion, the companies said Monday. Separately, TreeHouse Foods ( THS ) reported Q3 adjusted earnings Monday of $0.43 per diluted share, down from $0.74 a year earlier and below the FactSet consensus analyst estimate of $0.56. Third-quarter net sales were $840.3 million, up from $839.1 million a year ago but below the FactSet consensus of $850.5 million. TreeHouse shares were up past 23%.

iHeartMedia (IHRT) and TikTok said Monday they have formed a partnership that includes the launch of the TikTok Podcast Network that will include 25 new podcasts hosted by TikTok creators. iHeartMedia shares were down 5.1%.

Price: 96.48, Change: -0.96, Percent Change: -0.98

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