The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
The U.S. government has a moral obligation to make certain everyone has access to health-care services, former Aetna Chairman and CEO Ron Williams said Friday.
Williams said he also believes there is a role for individual responsibility in the health-care delivery system.
"We confuse insurance with our moral obligation to provide health-care services to people," Williams said on CNBC's "Squawk Box. " "And what we try to do is finance our moral obligation through the insurance system, which punishes the people who are fiscally responsible to buy insurance."
The former Aetna CEO's comments came ahead of a House vote on a bill backed by President Donald Trump and House Speaker Paul Ryan to repeal and replace former President Barack Obama's Affordable Care Act.
The vote was postponed Thursday after Republican leaders failed to rally enough support to pass the bill because of a rebellion by the conservative Freedom Caucus and moderate Republicans. Trump has demanded that the House approve the plan as is Friday or leave Obamacare in place.
When asked about solutions to the United States' health-care problems, Williams said a single-payer system in which the government would pay for health care would be the "single" worst answer.
"Having no choice doesn't result in innovation and performance improvement," he said. "The biggest innovation in the delivery and design and care delivery have come from the large national employers who have substantial populations of employees, who are innovative and give their employees access to these management programs."