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Who’s Next in Health-Care M&A Frenzy? More Deals Are Likely

Another day, another deal in health care. Cigna Corp.’s $54 billion bid for pharmaceutical benefits manager Express Scripts Holding Co. Thursday comes in the midst of a revival in health-care mergers as insurers, drugstores, distributors and pharmacy benefit managers look for partners. With employers, patients and politicians demanding lower health-care costs, companies that make up…

Uncategorized

NBC Grabs First Lead Over CBS Since ‘Friends’

By CBS has long taken pride in being the most-watched TV network. It may need a new slogan. With the Super Bowl and the Olympics this year, NBC has built a sizable lead over CBS in total prime-time viewers. If that holds through the end of the TV season in May, it would mark the…

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Business

One of the Largest-Ever Energy Bankruptcies Nears Finish

The long-running bankruptcy saga of Energy Future Holdings Corp. is coming to a close now that Texas has approved the sale of the company’s crown jewel. The Texas Public Utility Commission authorized Sempra Energy’s $9.45 billion purchase of Oncor Electric Delivery, the state’s largest utility, the company said in a statement. It was the last…

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Business

Winklevoss Twins Say Crypto Exchange Wants to Offer More Coins

The Winklevoss twins said their main 2018 goal for Gemini Exchange, the Bitcoin and Ethereum trading platform they run, is eyeing expansion to other tokens such as Bitcoin Cash and Litecoin. Their comments have significance for Cboe Global Markets Inc., Gemini’s partner on Bitcoin futures. Cboe, a Chicago-based exchange, has signaled it wants to offer…

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Business

Women Must Wait a Century For Equal Pay

The United Nations first recognized International Women’s Day in 1975, sparking 38 years of annual demonstrations, private and public proclamations and a general recognition that even in the modern era, gender equality has a long way to go. More recently, the day has been an opportunity to consider how much has changed, which is especially…

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Business

Cigna’s $54 Billion Buy Seen as ‘Best Case’ for Drug Middleman

Cigna Corp.’s $54-billion purchase of Express Scripts Holding Co. is being called the “best case scenario” for the pharmacy-benefits manager’s beleaguered investors. The deal is “clearly a positive turn of events” for Express Scripts, Evercore ISI’s Ross Muken wrote. The company’s role as a middleman hired by insurers and employers to negotiate discounts from drugmakers…

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Business

Martin Shkreli’s Journey From Pharma Exec to Inmate #87850-053

Martin Shkreli burst on the scene as an enfant terrible, a securities savant who was working on Wall Street at 17, set up his own hedge fund at 23, and launched the biotech company Retrophin Inc. after teaching himself biology. Some may remember him as the trader who shorted drug companies after trash-talking them. Or…

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Business

Draghi Wonders Who Needs Friends Like These After Trump Threat

European Central Bank President Mario Draghi added his voice to those criticizing the U.S. threat to slap import tariffs on some products and called on governments to work together rather than end up in a tit-for-tat dispute. While he downplayed the impact on the economy, he said recent developments still raise questions about the health…

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Business

At Goldman, Blankfein Touches a Nerve With Dina Powell’s Return

Dina Powell’s departure from the White House offered Wall Street the chance to enlist a rare set of skills: an industry insider who can also navigate President Donald Trump’s inner circle. Lloyd Blankfein seized it. The Goldman Sachs Group Inc. chief executive officer was the driving force behind the firm’s decision to rehire Powell and…

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Business

Why U.S. Wages May Fail to Repeat the Surge That Spooked Markets

The biggest jump in U.S. wages since 2009 caught markets and economy watchers off guard last month. Whether the acceleration proves sustainable depends on people like Katie Shank. The 27-year-old said she lowballed her asking salary at a Seattle employer when she moved from North Carolina last year because she wanted to get hired quickly. Three months later, she…