Express Scripts

Cigna: Pyrrhic Victory?

On August 24, Cigna (NYSE: CI) shareholders will vote on the company’s decision to acquire Express Scripts (NASDAQ: ESRX) for $67 billion. After a …

Business

Groups that manage drug benefits for insurers say they've received no commitment from drugmakers to lower prices

Several companies that manage prescription drug benefits for insurers say they have not received any commitments from drugmakers to lower list prices.<p>…

CVS Health

Fenton Township doctor, others target UAW retirees in $10 million scheme, feds claim

A Fenton doctor and two others have been indicted on federal charges alleging they duped UAW retirees into filing false insurance claims.

Corruption

Trump asks SEC to study six-month filing periods — instead of quarterly — for public companies

U.S. President Donald Trump on Friday said he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file …

Donald Trump

Leading US senator seeks closer scrutiny of insurance mega-deals

Blockbuster health care acquisitions involving two Connecticut insurers could reduce competition in prescription drug pricing and deal a blow to …

Health Care

Express Scripts "reminds" shareholders to back Cigna merger

Express Scripts (NASDAQ:ESRX) has reminded stockholders to vote in favor of Cigna's (NYSE:CI) bid of $48.75 in cash plus 0.2434 shares of CI stock …

Business

M&Ain't: Several Of The Year's Biggest Mergers Face Uncertain Future

Some of the most prominent and anticipated mergers of the year appear to be in a holding pattern, and the trend is nothing new.<p>The failure rate of …

Health Care

Paid Program: Connected Care

Connected Care focuses on moving the health care system in the right direction: from episodic to holistic, disconnected to connected, and complicated to simpler. The future of health care will combine medical, pharmacy, behavioral and clinical insights and optimize patient care. It will be more …

Health Care

Grassley requests scrutiny of Cigna/Express Scripts tie-up

U.S. Senator Chuck Grassley (R-IA) has written to Assistant Attorney General for Antitrust Makan Delrahim requesting that the Justice Department …

Business

Express Scripts staking out million dollar gene therapies

© Reuters. FILE PHOTO: Express Scripts Chief Medical Officer Steve Miller poses for a portrait in the Manhattan borough of New York<p>By Caroline Humer …

Pharma

Icahn's Retreat May Hand Cigna a Pyrrhic Victory

Cigna Corp. won an unusual and very fast victory against Carl Icahn. The activist investor announced Monday night that he was dropping his nascent effort to block the health insurer’s $54 billion takeover of pharmacy benefit management giant Express Scripts Holding Co.<p>Cigna may end up regretting …

Pharma

M&A/activists: Carl cools it | Financial Times

Nothing is guaranteed to terrify a chief executive more than Carl Icahn tweeting about his or her company. It does not have to be that way. Last week …

Rite Aid

Carl Icahn drops opposition to Express Scripts-Cigna merger

Activist investor Carl Icahn has dropped his controversial opposition to the merger of insurer Cigna and pharmacy benefit manager Express Scripts, …

U.S. Politics

Activist investor abandons quest to block $67 billion Cigna-Express Scripts deal

Activist investor Carl Icahn announced late Monday he is abandoning his effort to block the $67 billion acquisition of Express Scripts Holding Co. by …

Health Care

Tapestry, Advance Auto Parts and Wolverine rise

Stocks that moved substantially or added heavily on Tuesday:<p>Tapestry Inc., up $5.70 to $53.16<p>The shoe and handbag maker had a stronger fourth quarter than analysts expected.<p>Advance Auto Parts Inc., up $11.29 to $156.13<p>The auto parts retailer's quarterly results came out ahead of Wall Street …

Automotive Industry

Turkey's president punishes Apple in spat with US

Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, Melody Hahm, Julia La Roche and Jared Blikre discuss today’s big stories.<p><b>Today’s</b> …

McDonald's

Stocks to Watch: Tesla, Home Depot, Switch, Express Scripts, Advance Auto Parts, Ford, Tapestry, RH, Coca-Cola

Here are some of the companies with shares expected to trade actively in Tuesday’s session<p>Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements reflect premarket trading.<p>Tesla Inc.—Up 0.3%: Tesla announced the formation of a special committee to …

Home Depot

Activists Are Cage-Fighting Over More Targets, Lazard Banker Says

A surge in activism is distracting corporate managers as more investors take issue with company strategies, said Jim Rossman, the head of shareholder …

T. Rowe Price

WellCare announces closing of $750M of senior notes

WellCare Health Plans (NYSE:WCG) has completed an offering of $750M aggregate principal amount of 5.375% senior notes due 2026. The notes were issued …

Business

What’s News: Business & Finance

<b>Musk said</b> Saudi Arabia’s sovereign-wealth fund has approached him several times over nearly two years about providing financial support to take Tesla private.<p><b>Icahn no longer plans</b> to solicit votes from Cigna shareholders against the health insurer’s $54 billion deal to buy Express Scripts.<p><b>Fintech</b> …

Oil

Icahn Backs Down on Cigna-Express Scripts Deal

Activist investor says he won’t solicit votes against the merger after proxy advisers side with it<p>Carl Icahn no longer plans to solicit votes from Cigna Corp. shareholders against the health insurer’s $54 billion deal to buy Express Scripts Holding Co. after two proxy-advisory firms recommended …

Health Care

Express Scripts’ new formulary ejects some drugs once thought 'untouchable': analysts

On Tuesday, Express Scripts released its annual list of formulary exclusions, which included several drugs to treat rare diseases like hemophilia, …

Pharma

Tell us what you think: What are the biggest health care trends to watch out for?

Health care is among the leading sectors in the S&P 500 so far this year, up more than 8 percent in 2018.<p>The sector saw a pick up in deal making in …

Health Care

Pharmalittle: Icahn dealt setbacks in bid to derail Cigna deal for Express Scripts - STAT

What is it?<p>STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with …

Hedge Funds

Key shareholder adviser backs Cigna-Express Scripts deal

Cigna's plan to buy pharmacy benefit manager Express Scripts for around $52 billion has received a big endorsement a few days after activist investor Carl Icahn urged shareholders to reject it.<p>The proxy advisory firm Institutional Shareholder Services said Friday that stock owners should vote for …

Pharma

Express Scripts bars 48 drugs for 2019, hitting AbbVie, Gilead, Boehringer and more

It’s that time of year again—the time when lead PBM Express Scripts ignites pharma’s ire with a brand-new list (PDF) of formulary exclusions.<p>This …

Pharma

Citigroup and Caterpillar slide while Overstock rises

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday:<p>Overstock.com Inc., up $3.05 to $41.65<p>The online discount retailer said a …

Investing

As Baby Boomers Age, Non-Emergency Medical Transportation Needs Are Skyrocketing

New companies are trying to fill the demand where taking an Uber or Lyft just won't cut it. Many patients opt to skip appointments when they can't …

Health Care

Want A Bargain? 3 Cheap Stocks That Are About To Breakout

Once again the stock market is flirting with fresh record highs. As a result, valuations are stretched to the upside as the market refuses to fall. For those of you who like to buy undervalued stocks, here are three shockingly cheap bargain stocks that are about to breakout. There are many ways to …

Investing

Carl Icahn Fires Shots at Express Scripts

Billionaire activist-investor Carl Icahn thinks Cigna’s planned tie-up with Express Scripts is a big blunder.<p><b>Cigna</b> (NYSE:CI) thinks acquiring …

Express Scripts