What you need to know on Wall Street today

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December 5, 2017 6:27 PM

Hello. Here's what you need to know on Wall Street today.

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

Disney and 21st Century Fox are closing in on a deal that could come as quickly as next week,according to a CNBC reportciting sources familiar with the matter.

The transaction would involve Disney acquiring Fox's studio and television production assets — a portion of the business that has an enterprise value of more than $60 billion, CNBC's sources say. Disney dropped on the news.

Elsewhere in deal news:

CVS made a $69 billion bet it can become the first place you go when you’re sick
The big loser in the CVS-Aetna deal already seems pretty clear
Cineworld is buying Regal Entertainment for $3.6 billion
Nestle to buy vitamin maker Atrium Innovations for $2.3 billion

In Wall Street news, JPMorgan says traders are suffering in the fourth-quarter. told investors that its stock is cheap.here's how it works. will never catch Venmo

tug-of-war is raging over control of the stock market. Bitcoin hit another record high as JPMorgan touted its potential as an "emerging asset class." And Ethereum's blockchain is jamming up because of a new game that lets people buy virtual cats.

The fight over the Republican tax plan isn't over — here are the biggest differences between the House and Senate bills. A last-minute change to the Senate tax bill could cause significant problems for companies. And Goldman Sachs doesn't think the Republican tax bill would be a big boost to the US economy.

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