* Foster Kamer: Hedge funds buy the farm

* Big deal: Shire buying VC-backed biotech for $750 million

* James Woolery: How a trillion dollars of corporate cash will change the M&A landscape

* Morning Call: U.S. futures point higher, London opens strong, European shares climb on real estate and the Nikkei climbs 1%.

* Eric Paley: The talent curve

* Adrian Chen: Teenage moguls fight over Twitter account

* Bill Gates: “I was a strong proponent” for the Skype takeover

* Dennis Berman: Byron Trott, the Midwest Medicis’ favorite financier

* Bob Moon: Why did Google just borrow $3 billion?

* Be sure to sign up for our morning emails at www.GetTermSheet.com

* New York watering hole Elaine’s to close: “The truth is, there is no Elaine’s without Elaine.”

* Q&A with John Huntsman: “If 90% of oncological community said something was causing cancer we’d listen to them.”

* Roger Lowenstein says Wall Street is not guilty: “Why have no executives gone to jail for their roles in the financial crisis? Because risk-taking and stupidity aren’t criminal.”

* Ruth Marcus takes on corporate America’s greatest scourge: “Some people believe that Mitt Romney is unfit to be president because the health reform he instituted as Massachusetts governor included an individual mandate. I believe Romney is unfit to be president because he used a PowerPoint presentation to defend it.”