According to @business, Teck Resources said third-quarter profit rose 19% while Anglo American has agreed to buy the Canadian miner, putting deal-spread dynamics in focus for equity traders. source: Bloomberg https://www.bloomberg.com/news/articles/2025-10-22/anglo-target-teck-says-profits-increase-19-in-third-quarter Teck is a diversified producer of copper, zinc, and steelmaking coal, so stronger profitability may influence sentiment across base-metal miners and related commodity equities. source: Teck corporate profile https://www.teck.com Merger-arbitrage strategies typically monitor target and acquirer price convergence after earnings during pending deals, which can shift spreads and hedge ratios. source: Investopedia https://www.investopedia.com/terms/m/mergerarbitrage.asp For crypto market participants, shifts in broader risk appetite from equity and commodity moves can spill over to digital assets, with crypto-stock correlations having strengthened in recent years. source: IMF https://blogs.imf.org/2022/01/11/crypto-prices-move-more-in-sync-with-stocks-posing-new-risks