Corebridge, Equitable agree to $22bn all-stock merger

What: Corebridge and Equitable have agreed to a $22bn all-stock merger.
Why: The deal aims to create a leading retirement and wealth management company.
Signal: The merger reflects the growing trend of consolidation in the financial services industry.
Target: The combined entity will have assets under management of over $**1.3 trillion**.
Risk: The deal faces regulatory scrutiny and potential integration challenges.