U.S. oil and gas producer Devon Energy has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations. Devon missed out on the sector's dealmaking boom by losing to ConocoPhillips the $22 billion deal to acquire Marathon Oil, failing to beat Occidental Petroleum's $12 billion bid for CrownRock, and unsuccessfully courting Enerplus before it was sold to Chord Energy for $3.8 billion, the sources with knowledge of the matter said. Like its peers, Devon has turned to dealmaking to gain scale as it drills more of its existing acreage.
Boeing's Starliner capsule faces a crucial test on Thursday when it is expected to dock with the International Space Station (ISS) on the spacecraft's first trip to orbit carrying astronauts, as the aerospace giant looks to sharpen its competition with Elon Musk's SpaceX. The CST-100 Starliner, with astronauts Barry "Butch" Wilmore and Sunita "Suni" Williams aboard, was launched from the Cape Canaveral Space Force Station in Florida on Wednesday, strapped to an Atlas V rocket furnished and flown by the Boeing-Lockheed Martin joint venture United Launch Alliance (ULA).
Looking to snap a two-game losing streak, rookie forward Angel Reese and the Chicago Sky travel to face the winless Washington Mystics.