Mergers Surge as Costs Rise and Demand Drops, Reshaping Industries
The article discusses how mergers between companies can happen in waves, especially after big changes in the industry. When the cost of making products goes up a lot, or when fewer people want to buy those products, companies are more likely to merge. The more mergers that happen, the more profitable they become. Even if a merger doesn't make money right away, it might still happen at the start of a wave of mergers.