CVS defends settlement that allowed Aetna merger as judge assesses
Posted on Friday December 14, 2018
CVS Health Corp (CVS.N) defended on Friday an agreement with the U.S. Justice Department which allowed it to purchase health insurer Aetna for $69 billion, a settlement that a federal judge is still assessing. The Justice Department approved the merger of CVS, a U.S. pharmacy chain and benefits manager, and Aetna in October on condition that Aetna sell its Medicare prescription drug plan business to WellCare Health Plans Inc (WCG.N). Now, the Justice Department and companies have found themselves in the unusual position of defending their antitrust settlement to a skeptical federal judge.
Ask a Fool: What Should I Do if a Company Whose Stock I Own Gets Acquired?
Posted on Friday December 14, 2018
The right answer depends on the details of the acquisition.
Goldman downgrades Walgreens' stock to rare 'sell,' shares fall
Posted on Friday December 14, 2018
Goldman analyst Robert Jones said he doesn't think Walgreens' numerous partnerships with other companies will help offset declines in its core retail pharmacy business. He downgraded Walgreens to "sell" ...
Asian shares fall on poor Chinese economic data
Posted on Thursday December 13, 2018
SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy.
