Today has seen a ton of deal-making news, each highlighting trends across multiple sectors. 

Arkhouse Management and Brigade Capital offered to buy Macy’s for $5.8 billion. Occidental Petroleum is buying Permian producer CrownRock for $12 billion. 

And Paramount shares jumped after reports of takeover interest. We’ll break down what these deals mean for their respective industries. 

Plus, the Los Angeles Dodgers agreed to pay all-star Shohei Ohtani a record-setting $700 million over 10 years. We’ll break down what it means for the economics of baseball.