IonQ Stock Rises. It’s Buying U.K. Quantum Computing Start-Up Oxford Ionics. - Barron's
1. IONQ acquires Oxford Ionics for $1.075 billion in stock and cash. 2. Acquisition accelerates IONQ's goal of fault-tolerant quantum computers by 2030. 3. IONQ's stock increased by 1.9% following the acquisition announcement. 4. Collaborated with AstraZeneca and Amazon to speed up chemical simulations. 5. Quantum computing expected to reduce drug development costs significantly.