By Alan Murray and David Meyer
February 26, 2019

Good morning.

Two stories to call your attention to this morning.

First, Microsoft CEO Satya Nadella has smartly shot down the growing group of employees petitioning the company to stop its work with the U.S. Army. The $749 million contract would provide HoloLens augmented reality tech for soldiers.

Here’s what Nadella said yesterday: “We made a principled decision that we’re not going to withhold technology from institutions that we have elected in democracies to protect the freedoms we enjoy.”

Exactly.

Second, former Danaher CEO, and now GE CEO, Larry Culp found a white knight who will help him alleviate GE’s debt woes, and that white knight is… Danaher! The company agreed to pay $21.4 billion for GE’s biopharma business. GE had rejected Danaher’s approach a year ago, but the new CEO appears to have changed the tune. The move helped GE’s bonds, but still leaves the company facing its biggest challenge—how to revive the struggling power business. That one will take longer.

More news below.

Alan Murray
@alansmurray
alan.murray@fortune.com

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