Trump teases Fed chair decision in Instagram video – The Hill

President Trump teased his upcoming announcement on who he’ll nominate to lead the Federal Reserve with an Instagram video published Friday. Trump, speaking directly into the camera from the White House State Dining Room, said he’d choose “a person who hopefully will do an absolutely fantastic job.” Trump is weighing renominating current Fed Board Chairwoman Janet […]

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

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 […]

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

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 […]

Draghi Seeks Soft Landing for Stimulus as ECB Awaits Inflation – Bloomberg

Draghi Seeks Soft Landing for Stimulus as ECB Awaits Inflation – Bloomberg

Mario Draghi is preparing for the final act in his dramatic tenure as European Central Bank president. The ECB’s meeting on Thursday to discuss how and when it should bring large-scale bond purchases to an end is one of the most keenly anticipated by investors and economists since early 2015 when the program was unveiled. The […]

Twitter Vows More Transparency for Ads – Wall Street Journal

Twitter Inc. said Tuesday it will increase transparency for ads on its network, a move aimed at staying one step ahead of potential regulation. Twitter said it plans to create a website to reveal the people and organizations advertising on Twitter and details about their ads, such as how long the ads have been running. […]

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 […]

Illinois, Chicago letter to Amazon: $2 billion in tax breaks, and maybe more – Chicago Tribune

Billing Illinois and Chicago as an “extraordinary opportunity for Amazon” to locate its second headquarters, state and city political leaders entered the nationwide competition to land the online retail giant’s 50,000 jobs by offering $2 billion in incentives while hinting they were willing to dig even deeper, sources familiar with the bid confirmed Monday. In […]

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

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