Meanwhile, the dollar tumbled to its lowest level since October.Read More »
Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills. Premiums under the Senate bill would average about 30 percent lower in a few years, the nonpartisan Congressional Budget Office said in its analysis this week. Overlooked is that the lower premiums envision a switch to "bronze" plans that now come with a $6,000 individual deductible, much higher than the current standard "silver" plan with a $3,600 deductible.
Oil prices are rising after higher than expected oil inventory numbers. Data from the Energy Information Administration show a slight increase of 0.118 million barrels, compared to Wall Street's expected draw of 2.585 million barrels from the US commercial crude inventories. Click here to watch the price of oil live...
Walgreens Boots Alliance Inc. said Thursday that it has terminated its merger agreement with Rite Aid Corp. and has instead agreed to buy 2,186 Rite Aid stores and related assets. The consideration for the deal will be $5.175 billion in cash and the option for Rite Aid to become a member of the Walgreens group purchasing organization, an option that can be exercised through May 2019 and is subject to certain conditions. This new agreement replaces the merger agreement announced October 2015 and amended January 2017, along with the agreement to divest some Rite Aid stores to Fred's Inc. , which was announced in December 2016.