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The DOJ just approved Cigna's $67 billion merger with Express Scripts (ESRX, CI)

The DOJ just approved Cigna's $67 billion merger with Express Scripts (ESRX, CI)
  • The DOJ just approved Cigna's $67 billion merger with Express Scripts (ESRX, CI) FOU: The DOJ just approved Cigna’s $67 billion merger with Express Scripts (ESRX, CI)

    The Department of Justice just cleared Cigna’s $67 billion merger with Express Scripts. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. Cigna and Express Scripts said Monday that they expect the…

  • Pound v US dollar: GBP/USD exchange rate ticks higher as trade fears drag dollar down FOU: Pound v US dollar: GBP/USD exchange rate ticks higher as trade fears drag dollar down

    The pound has opened the week showing a slight rise against the US dollar, causing GBP/USD to hit a level of $1.308. This appreciation is mainly down to low confidence among US dollar traders, as the latest UK economic announcements haven’t been overly supportive of Sterling.

  • Wall Street bankers are getting paid more than at any time since the financial crisis FOU: Wall Street bankers are getting paid more than at any time since the financial crisis

      The average salary on Wall Street increased last year by 13% to its highest level since the 2008 financial crisis.  Annual pay in New York City’s securities industry reached $422,500 on average in 2017, said the report, which was released on Monday by the New York state comptroller Thomas DiNapoli.…

  • The Tesla of China is getting slammed (NIO) FOU: The Tesla of China is getting slammed (NIO)

    Nio shares dropped 12% Monday amid trade tensions. The Chinese electric-car startup debuted for trading in the US on Wednesday, and surged 75% on Thursday. Nio is not the only recently-listed Chinese startups that experienced big gains last week. Watch Nio trade in real time here. Nio, known as the Tesla of China, dropped 12%…