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Nissan is close to a deal that could reshape America's oil industry.

A former EV underdog is now fast gaining ground on Tesla.

And the Nobel Peace Prize goes to...

It's Friday, October 6th.

I'm Keith Collins for the Wall Street Journal, and here's the AM edition of What's News,

the Top Headlines and Business Stories, moving your world today.

We're exclusively reporting that Exxon Mobile is closing in on a blockbuster deal that

could reshape the US oil industry, a $60 billion takeover of Shale Driller Pioneer Natural

Resources.

And when a reporter Ben Dumbit says, the purchase would likely be Exxon's largest deal since

its mega merger with Mobile in 1999.

Exxon has a market cap of $436 billion, so it should be easily doable, even though it

would be one of the biggest deals this year, last year, posted record profits, as there

is all the surging oil prices, and now it's trying to spend some of that pushing its

operation deeper into West Texas Shale, where it sees a real opportunity.

It shows that Exxon continues to lean on fossil fuel production and will do so for decades

...