Indiana's former governor launched Great America Committee, a leadership PAC, a move that will enable him to channel money to congressional Republicans ahead of the 2018 midterm elections.
Sears Holdings Corp. CEO Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the struggling retailer’s future have hurt its position with vendors.
An unprecedented cyberattack swept across the globe over the weekend, but so far the majority of victims haven’t paid hackers a ransom.
A divided U.S. Supreme Court has ruled that debt collectors can use bankruptcy proceedings to try to collect liabilities that are so old the statute of limitations has expired.
More than 200,000 computers in at least 150 countries have so far been infected, according to the European Union’s law enforcement agency. The U.K.’s National Cyber Security Centre said new cases of so-called ransomware are possible “at a significant scale.”
Anthem says it is giving up on the $48 billion purchase in the wake of a Thursday court ruling giving Cigna the right to walk away. The Indianapolis-based insurer says Cigna is not entitled to collect a $1.85 billion breakup fee.
Lilly is in a race with several pharmaceutical firms to develop migraine treatments using an approach known as anti-CGRP and that could create a multibillion-dollar market.
The decision makes it virtually impossible for Anthem to salvage the merger and means the insurer could be on the hook for $1.85 billion in breakup fees and $13 billion in damages to Cigna.
Aetna has said it expects to lose more than $200 million on individual health plans this year in the four states where it’s still selling Affordable Care Act plans.
The pharmaceutical industry’s powerful Washington, D.C., trade association, which includes Eli Lilly and Co., fell in size by almost two dozen companies after revising membership rules amid the debate over U.S. drug prices.
Health insurers are asking for sharp increases in the cost of their Obamacare plans next year. In the first states to make the latest rates public, premiums for Affordable Care Act plans will rise more than 20 percent on average.
Judge Travis Laster said during a hearing Monday that it’s a “long shot” that Anthem can find a path to success after two federal courts found the $48 billion merger was crippled by antitrust problems.
The lobby group, Pharmaceutical Research and Manufacturers of America—which counts Eli Lilly and Co. as a member—is proposing that to remain a member, companies will have to spend $200 million a year on research and development.
India’s Infosys Ltd. said it plans to hire 10,000 American employees in the next two years, following criticism from the Trump administration that the company and other outsourcing firms are unfairly taking jobs away from U.S. workers.
Analysts say either Anthem or Cigna could make a move on Humana, which specializes in the fast-growing business of selling private health plans for the elderly.
The arrangement announced Thursday may help Kaplan parent Graham Holdings Inc. shed the for-profit education sector’s tarnished reputation. Purdue—paying Graham only a symbolic $1—immediately enters the ranks of public universities expanding their reach with online degrees targeting older Americans.
The decision is a likely final blow to Indianapolis-based Anthem’s bid to complete the $48 billion merger, which a lower-court judge had said should be stopped because it risked undermining competition in health-insurance markets.
Express Scripts Holding Co. shares rose Wednesday after health insurer Anthem Inc., its biggest client, said it hasn’t ruled out using the pharmacy benefit manager after their contract expires.
Health insurer Anthem Inc. threatened to raise rates for its Obamacare plans next year if the U.S. government stops funding subsidies for lower-income customers. The insurer is also considering exiting some Affordable Care Act markets altogether.
A revamp of McDonald’s iconic Big Mac burger and more aggressive drink promotions are helping the restaurant giant overcome a broader slump in the fast-food industry.
