The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
There are three things that are triggering the CVS-Aetna deal and one of them is Amazon, former Aetna CEO John Rowe told CNBC on Monday.
The deal would combine CVS' pharmacy business and pharmacy-benefit-manager platform (PBM) with Aetna's insurance business.
"Both of these companies are trying to increase their footprint in health care," Rowe said in an interview with "Closing Bell."
The deal comes as ecommerce giant Amazon looks to enter the industry, holding preliminary talks with generic-drug makers.
"It's not quite explicit yet what they're planning on doing but whatever it is, it's scaring CVS," Rowe said about Amazon.
Another thing spurring the deal is United Healthcare, which "has had some success with their integrated model of a payer provider," he added.
Lastly, he thinks the failure of recent horizontal mergers, like Aetna-Humana deal, has forced companies to think more vertically across sectors to increase their footprint.
The CEOs of Aetna and CVS both told CNBC on Monday that the merger will reduce health-care costs for consumers immediately.
Rowe believes there are two areas that will see costs reduced — at the point of care at CVS Minute Clinics and in premiums.
"The infusion of millions of Aetna members into CVS program is going to give them more leverage with the drug wholesalers," he said.