Senate change on proposed endowment tax could spare some schools
A few dozen private college endowments could dodge a bullet with the sweeping tax bill approved by the Senate early Saturday morning after a last-minute amendment.
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UPDATE: CVS buying Aetna for $67B, shaking up health care industry
The deal comes as the health sector is looking over the horizon at Amazon.com Inc., and how the company could transform the business of buying, distributing and selling drugs and medical products if it gets into health care.
CVS nearing $65 billion-plus deal for insurer Aetna, source says
A deal between Hartford, Connecticut-based Aetna and Woonsocket, Rhode Island-based CVS could upend the health insurance, pharmacy and drug benefit sectors.
Ex-Louisville coach Pitino sues university over firing
Rick Pitino said the school had no valid reason to fire him. He is seeking the balance of his contract, which amounts to about $4.3 million a year through June 2026. He was one of college basketball’s highest-paid coaches.
Express Scripts CEO open to insurer deal, ties with Amazon
Express Scripts Holding’s stock has been in decline since its biggest client, Indianapolis-based insurer Anthem Inc., said it would end its relationship with the pharmacy benefit manager.
FDA aims to expand early-approval program for promising drugs
The Food and Drug Administration wants to help patients get faster access to promising cancer treatments, FDA Commissioner Scott Gottlieb told House lawmakers Thursday.
Subaru could surpass Hyundai in U.S. with sales of Indiana-made Ascent
After stringing together a streak of monthly gains nearing six years, Subaru is debuting its new and improved three-row SUV at the Los Angeles Auto Show.
Tangled incentives push drugmakers away from opioid solutions
Pharmaceutical companies have introduced medicines to treat dependence, reverse overdoses and deal with opioid side effects. But few effective and economically viable alternatives to addictive painkillers have emerged from the laboratory.
Uber concealed hack that exposed data for 57 million people
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year.
Too many turkeys, cranberries should mean cheaper Thanksgiving
Thanks to an oversupply, there should be plenty of turkey for second helpings this Thanksgiving. Not to mention cranberries.
Yellen says she’ll leave Fed once Powell becomes chairman
Janet Yellen’s decision to leave will give Trump a fourth spot to fill on the Fed’s seven-person Board of Governors in Washington, including a vice chairman spot.
Senate Republicans toss potential Obamacare bomb into tax bill
The plan released Tuesday night by Senate Republicans mixes two red-hot debates by adding a repeal of the Obamacare law’s individual mandate to their tax legislation.
Brookfield bids $14.8B to acquire rest of Simon mall rival GGP
GGP, formerly known as General Growth Properties, is the second-largest shopping mall company behind Indianapolis-based Simon Property Group. Simon tried to acquire GGP in 2010.
Senate tax bill cuts 401(k) catch-up funding for some workers
The Senate tax proposal released Thursday would restrict employees earning at least $500,000 from making so-called "catch-up" contributions to 401(k) workplace retirement plans.
Trump expected to name ex-Lilly exec to lead Health & Human Services
Alex Azar, who ran U.S. operations for Eli Lilly before leaving in January, would be the administration’s point person on running—or dismantling—Obamacare.
Humana cutting 2,700 jobs amid uncertainty in health care
Louisville-based Humana Inc. plans to eliminate the jobs through a combination of about 1,500 layoffs and 1,200 buyouts for senior employees.
Get ready for GMO fruit as modified apples head to Midwest
The first commercial harvest of GMO golden delicious apples will be going from Washington state orchards to around 400 Midwestern grocery stores in early November.
Long lines are back at Apple retail sites for iPhone X
This year, Apple has marketed the iPhone X heavily, and new features like facial recognition and the edge-to-edge screen are stoking demand.
American drug deaths skyrocketed in 2016, new report shows
The rate of deaths increased slightly in every quarter of 2016, indicating an accelerating epidemic. That crisis has been driven by opioid abuse.
Powell pledges to pursue Fed’s employment, inflation goals
Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, pledged to pursue the U.S. central bank’s goals of stable prices and maximum employment while keeping a watchful eye on financial sector risks.