Devon Energy and Coterra Energy to merge, creating $58 billion shale company with Houston headquarters

Devon Energy and Coterra Energy will merge in a $58 billion all-stock deal, with the combined company to be headquartered in Houston and led by Devon CEO Clay Gaspar. The merger is expected to produce more than 1.6 million barrels of oil equivalent per day, generate $1 billion in annual cost savings and close in the second quarter of 2026 pending regulatory and shareholder approvals.

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Trump signals intent to block Gordie Howe Bridge opening

President Donald Trump said Monday he would seek to block the opening of the Gordie Howe International Bridge between Detroit and Windsor until the United States is “fully compensated” for what he says it has given Canada. The bridge, financed largely by Canada and managed as a binational project, is intended to expand a key trade corridor in the Detroit‑Windsor region. Trump did not specify the amount or basis of the compensation he is demanding or the legal mechanism he would use to stop the crossing from opening.

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