Caution is in the air on Wall Street as a very bullish June begins to draw to a close, with U.S. stock futures pointing to a near flatline open.Morning Briefread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance and because of accounting problems at the packaged goods company.Investingread more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
There's talk of mergers vibrating through the health insurance industry.
Rumblings of consolidation have been coming to the surface lately, as Cigna rebuffed advances by Anthem over the weekend. Cigna and Aetna, two of the five largest insurers in the country, have expressed interest lately in acquiring Humana, according to news reports.
There's a very good reason Humana is appealing to so many suitors: Unlike the other top health insurance companies, Humana receives the bulk of its revenue from Medicare, some 73 percent in 2014, according to figures from Stifel. The number of U.S. citizens over 65 is expected to grow by 60 percent through 2030, to 74 million, compared with 12 percent growth overall, according to the Census. As more baby boomers reach 65, a solid presence in the Medicare marketplace will be more and more valuable.
In April, the Centers for Medicare and Medicaid Services announced that for the first time in years, the government will increase Medicare Advantage rates, by around 1.25 percent. Medicare Advantage is the program through which private insurers administer Medicare funding.