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...But while friends and critics alike may all agree that the chief executive and main shareholder of supermarket group Casino has a mind like a steel trap, Naouri’s penchant for financial complexity and leverage...
...CVS is paying $207 per Aetna share in cash and its own equity....
...The new law has triggered deals such as the $5.2bn buyout of Bhushan Steel by Bamnipal Steel earlier this year. Total domestic M&A has hit $45.6bn so far this year, up about 190 per cent year on year....
...The US retail pharmacy chain, which has agreed to buy health insurer Aetna in a $69bn deal, will update the market on the regulatory approvals it needs to close the deal....
...A frenzy of dealmaking in pharma points to cost pressure Tuesday EU steel tariff exemption The EU exemption from US steel and aluminium tariffs, introduced by US president Donald Trump, is due to expire...
...The decision comes as Cohn — a former Goldman Sachs president — lost an internal White House struggle over Trump’s plan to impose tariffs on steel and aluminium imports....
...MapMyFitness, for example, earns half of its revenue from partnerships with large health insurance companies such as Humana and Aetna....
...Health insurer Aetna dropped 9.8 per cent to $37.42 for the week....
...AK Steel strengthened 6.8 per cent to a six-week high of $24.37 on renewed speculation that the fourth-largest US-based steel group may be taken over by a rival....
...United States Steel gained 6.3 per cent to $52.35. The S&P 500 finished just short of a 15-month closing high, gaining 1.1 per cent to 1,114.05....
...Steelmakers were bruised, with Nucor losing 6.6 per cent to a three-month low of $46.37 and US Steel off 3.5 per cent at $57.93....
...The materials sector was a star performer, with demand for steel and base metals fuelling upgrades....
...Among the health insurers, Aetna was 17.8 per cent off for the same time period, UnitedHealthcare had lost 3.1 per cent and Cigna gave up 17 per cent....
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