The $78 billion Aetna marriage is ending just as a new Democratic Congress takes control.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- CVS to split off drugstore business in major breakup of healthcare giant
CVS Health plans to split into two public companies by early 2028, reversing its $78 billion acquisition of insurer Aetna and dismantling the vertically integrated model it built in 2018, in what would be one of the largest corporate splits in history. About 9,000 retail pharmacies would be separated from the insurance business and pharmacy benefit manager Caremark, with the CVS Health name retained by the company run by CEO David Joyner, and existing shareholders would own shares in both companies. The move comes as Joyner's turnaround, which includes $2 billion in cost cuts, store closures and leadership changes, shows substantial progress, with shares up roughly 70% since October 2024 and market value at $117 billion. In 2025, the pharmacy business generated $37.66 billion in sales, the insurance unit $36.29 billion in revenue and healthcare services $51.24 billion. Leerink Partners analyst Michael Cherny said the split feels like a complete shock, but that the outlook for a standalone retail pharmacy may now be stronger, and that the rationale could include avoiding state scrutiny of vertical integration.
- Should You Buy CVS Health Stock While It's Under $100?
CVS Health, a pharmacy retailer with the Aetna insurance business, is up around 17% this year versus about 12% for the S&P 500, after earlier reaching highs of more than $110. When it last reported in August, revenue rose more than 7% to $106.1 billion, and the company raised its 2026 diluted EPS forecast to $6.84–$7.04 from $6.24–$6.44, following diluted EPS of $1.39 in 2025 that was weighed by goodwill impairment charges. The stock trades at a forward P/E of about 11 versus 19 for the S&P 500 and yields 2.9%. The author views the stock as well priced and says it could move back above $100, citing improved results and its yield. The latest earnings are due Nov. 4.
- Securities company CVS posts losses for 17 consecutive quarters, accumulated losses rise to over VND 183 billion
CV Securities Joint Stock Company (CVS) posted an after-tax loss of over VND 2.6 billion in Q3/2026, narrowed about 51% from a year earlier, while operating revenue rose nearly 7% to over VND 8.3 billion. It was the 17th consecutive loss-making quarter since Q3/2022. For the first nine months, revenue rose about 31% to over VND 24 billion, but the pre-tax loss reached over VND 38.6 billion, double the VND 18.4 billion a year earlier, mainly due to VND 27.3 billion in other expenses in Q2/2026. Accumulated losses grew to nearly VND 183.5 billion, and owners' equity fell to about VND 273.3 billion, with M_Service, which operates MoMo, holding 49% of charter capital.
- Leaner Machine , Heavier Costs : Can FedEx Deliver Margin Growth on Oct . 28 After Freight Spinoff ?
FedEx reports fourth-quarter results on Wednesday, Oct. 28, after the bell, its first report since the June 1 Freight spinoff and its switch to a calendar fiscal year. Adjusted EPS of $6.31 beat the $5.95 consensus, marking five straight EPS beats, while revenue rose 12.5% to $25.01 billion. Operating income fell 21.94% as $205 million in Freight separation costs weighed on results. Interim CFO Claude Russ said Q3 will be the seasonally weakest quarter, with a $200 million pilot-contract drag on margins. Network 2.0 aims to route 65% of eligible volume through optimized stations before peak, targeting $2 billion in savings by the end of 2027.
- We're exiting our remaining stake in an industrial stock spin-off gone wrong
Jim Cramer's Charitable Trust is exiting its remaining stake in Honeywell Technologies (HON), selling 110 shares at roughly $209 each for a loss of about 3%. The sale followed a roughly 1% gain on Wednesday, when the stock bucked a broader market decline after the industrial automation company unveiled Forge Cognition, an AI platform built with technology from Nvidia and Dell. The trust had already halved the position last month and downgraded its rating. The author also argues that 2027 EPS estimates for the company may be too high: assuming 2026 EPS of $8.35 (the high end of guidance) and 15% growth, 2027 earnings would be about $9.60, below the $9.81 consensus per LSEG. Because stocks tend to struggle as estimates fall, and the company has yet to benefit from its spin-off from Honeywell Aerospace, the trust decided to exit.
- CVS Health plans to split in two. Here's what is driving the massive healthcare breakup.
Healthcare giant CVS Health surprised analysts with its decision to separate its business.
Related markets
Latest news
- Meta buys AI coding startup Conductor
Meta has acquired Conductor, an AI coding startup founded in 2024, for an undisclosed sum. The platform lets software engineers run multiple AI models, including Claude Code, Codex, Cursor and OpenCode, in parallel, and CEO Charlie Holtz said the team will build new interfaces within Meta. Conductor has halted new registrations and downloads and blocked free accounts from upgrading to paid tiers, with Cloud workspaces becoming read-only on 13 November and Cloud data deleted from 20 November, while the local client runs until early 2027. The deal comes as Meta raises funds for AI infrastructure, including a $15bn five-part US dollar bond launched earlier this month.
- Stock Market Today: Dow Rises After Postelection Rally; Cava, Dutch Bros Plunge On Earnings News (Live Coverage)
The Dow Jones index rose on Thursday ahead of the weekly jobless claims data. Cava and Dutch Bros shares plunged after their earnings reports.
- Morning Minute: Democrat Sweep Pumps Crypto as Clarity Act Resurfaces
Bitcoin dipped below $76,000 on Tuesday night, a seven-week low, then rebounded above $80,800 on Wednesday, up 4% on the day, after the Democratic midterm sweep. WTI crude fell 9% to $88 a barrel, while the Dow jumped 3% and the Nasdaq rose 1.6%. House Democrats are discussing expanding Maxine Waters' Crypto Investor and Consumer Bill of Rights into a full market structure bill next Congress, with a larger SEC role and ethics provisions restricting crypto activities by Trump and other federal officials. Bitcoin ETFs saw $74M in net inflows and ETH ETFs $53M, while Coinbase said over 99% of customer assets are held in cold storage. ZachXBT said a theft from Crédit Mutuel Arkéa now exceeds $133 million.
- Meta Paid 1.4 Times What Alphabet Did to Borrow in Euros
Meta Platforms priced €9 billion in bonds on November 4, its first-ever euro sale, split across six tranches. Orders reached a record €53 billion, yet buyers priced Meta's spreads about 1.4 times wider than Alphabet's similar euro bonds priced November 2. Coupons range from 4.300% on the €1.75 billion notes due 2031 to 6.400% on the €1.5 billion issue due 2065, and the bonds settle on November 12. The article attributes the wider pricing to Alphabet's higher ratings (Aa2 and AA+ versus Meta's Aa3 and AA-), Meta's first euro borrowing, and its heavy AI spending plans, which include 2026 capital spending of $135 billion to $145 billion. Free cash flow turned to a $2.12 billion deficit.
- If You'd Invested $1,000 Alongside Warren Buffett in Coca-Cola, Here's How Much You'd Have Today
Buffett bought Coca-Cola shares in 1988 at an average of $41.81 each, added more the following year, and made his final purchase in 1994, bringing Berkshire Hathaway's total to 100 million shares. Using the article's example, $1,000 invested at his 1988 price would have bought 24 shares, which after four stock splits would be 384 shares worth nearly $37,000 today. Adding $12,581.76 in cumulative dividends brings the total return to about $49,500, or over $92,000 if dividends were reinvested into more than 960 shares. The article credits Coca-Cola's brand strength, including 32 brands with at least $1 billion in annual sales, and reports third-quarter organic revenue growth of 7%. It also calls the stock somewhat expensive at about 28 times expected forward earnings.
- Broadcom Stock Could Be Approaching a Major Turning Point. Here’s the Price Target
Broadcom closed at $326.08, and the 24/7 Wall St. model sets a 12-month price target of $405.37, implying 24.32% upside and a Buy rating with 90% confidence. Fiscal Q3 AI semiconductor revenue reached $16.70 billion, up 221%, and management guided fiscal Q4 revenue to $34.8 billion, up 93%, though the shares sit 33.9% below their 52-week high. Management expects AI revenue of about $115 billion in fiscal 2027 and $230 billion in fiscal 2028. The article flags risks including gross margin guided near 73% versus 78% a year earlier, reliance on a few leading AI labs, and $59.6 billion of gross fixed-rate debt. The bull case is $534.37 and the bear case $361.78.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.