CVS-Aetna Deal Could Mean End of Era in How Drugs Are Paid For – Bloomberg

CVS-Aetna Deal Could Mean End of Era in How Drugs Are Paid For – Bloomberg

If Aetna Inc. is eventually swallowed by CVS Health Corp., an important part of the health-care business will be changed — perhaps for good. For years, pharmacy benefits were largely carved out from the rest of a medical coverage plan. But increasingly the two services are being combined, a move that in theory will make it […]

CVS makes more than $66 billion bid for Aetna: sources – Reuters

(Reuters) – U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. A deal would merge one of the nation’s largest pharmacy benefits managers and pharmacy operators with […]

Pharmaceutical Founder Arrested In Alleged Nationwide Opioid Scheme – NPR

Billionaire founder of Insys Therapeutics John Kapoor leaves U.S. District Court after being arrested earlier Thursday in Phoenix. Kapoor and other defendants in the fraud and racketeering case are accused of offering bribes to doctors to write large numbers of prescriptions for a fentanyl-based pain medication meant only for cancer patients with severe pain. Ross […]

Euro perched at one-week highs before ECB vote – Reuters

LONDON (Reuters) – The euro held near a one-week high on Thursday before a European Central Bank meeting where policymakers are expected to outline a scaling back of bond-purchase, with analysts expecting a pause in the euro’s rally in the absence of any hawkish surprises. With the ECB likely to announce that it will start […]

Saudi Crown Prince Backs Extending OPEC Cuts Into 2018 – Bloomberg

Saudi Crown Prince Backs Extending OPEC Cuts Into 2018 – Bloomberg

Saudi Arabian Crown Prince Mohammed bin Salman backed the extension of OPEC production cuts beyond March 2018, making it all but certain the cartel and its allies will rollover the curbs at a meeting next month. The prince, who’s become the kingdom’s dominant political force, said in an interview with Bloomberg News that “of course” […]

American Airlines may be ‘unsafe’ for black passengers, NAACP says – Business Insider

An American Airlines Boeing 757-200. American Airlines The NAACP has issued a travel advisory warning against booking travel on American Airlines. The civil-rights organization cautions black travelers on the risks of experiencing discrimination while flying with American. American Airlines would like to meet with the NAACP regarding their concerns. The NAACP has cautioned black travelers […]

Wall Street wins big as Senate votes to roll back regulation allowing consumers to sue their banks – Washington Post

Richard Cordray, director of the Consumer Financial Protection Bureau (left) listens during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington on Monday, Dec. 9, 2013. (Andrew Harrer/Bloomberg) Vice President Pence cast a tie-breaking vote late Tuesday to block new regulations allowing U.S. consumers to sue their banks, handing Wall Street and other […]

Chipotle shares tank after big earnings miss – CNBC

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Trump says there will be no change to 401(k) plans – CNBC

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