Here’s what’s been happening on Wall Street overnight

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Dealmaking continues to move at a torrid pace in 2018.

Keurig Green Mountain and Dr. Pepper Snapple announced Monday they’re planning to merge in a deal worth nearly $US19 billion, sending the soda-maker’s shares skyward. A secretive banker beloved by Warren Buffett played a role on the deal.

Four years after going private, Dell is weighing a sale of its business to VMware, a massive and unusual deal that would allow Dell to go public by essentially selling itself to a company that it owns. Dell owns 80% of VMware, a publicly traded software virtualization company that Dell acquired when it purchased EMC for $US67 billion in 2015. VMware stock slipped on the news.

Sanofi is buying another blood-disease biotech for $US4.8 billion. Its purchase of Ablynx on Monday comes a week after buying Bioverativ for $US11.6 billion.

Fears over 9/11 lawsuits could stop Saudi Aramco bringing its $US2 trillion IPO to New York.

In non-deals news, Wynn Resorts stock continues to fall after casino mogul Steve Wynn stepped down from the RNC amid sexual misconduct allegations.

Here’s what else is happening today:

Apple stock dipped after reportedly telling suppliers to cut iPhone X production targets in the first three months of the year. The company also said it might launching a new cheap iPhone this year – and it feels like the iPhone 5C fiasco all over again.

Almost every major cryptocurrency is falling. Here’s what else is going on in crypto-land:

Customers are freaking out after Panera Bread announced it would be recalling five varieties of its cream cheese sold in US locations because of a potential bacteria contamination.

Lastly, thousands of people in Kenya are getting basic income for 12 years in an experiment that could redefine social welfare around the world.

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