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Stocks extend slide, Chevron mega-deal, Apple slumps, 2-year auction on deck, Roivant drug sale

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Stocks slide, Chevron mega-deal, Apple, 2-year auction, Roivant drug sale

Lingering risks of a region-wide conflict in the middle east, alongside an extended surge in Treasury yields, has stocks back in the red in early Monday trading.In the second major oil mega-deal in less than a month, Chevron said Monday it will pay $53 billion for Hess Corporation.

Taiwan based Foxconn, the world's biggest assembler of Apple iPhones, is reportedly in the crosshairs of tax authorities in China.The Treasury will kick-off another $114 billion on bond sales this week with a benchmark 2-year auction later today that will provide a stern test of demand in a weakening market.Roivant, the drug developer founded by Republican Presidential candidate Vivek Ramaswamy, has sold the rights to its bowel disease treatment for $7.1 billion.

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