With Anthem-Cigna deal all but dead, merger speculation is back on
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.
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Kaplan paying $50M to partner with Purdue on new university
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.
UPDATE: Anthem loses appeal to overturn U.S. block of Cigna takeover
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 rebounds as Anthem holds out hope of reconciliation
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.
Anthem threatens higher Obamacare rates if funds for poor stop
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.
McDonald’s gives thanks to Big Mac changes after surprising quarter
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.
Lilly diabetes drug Jardiance falls short of quarterly sales predictions
Shares in Eli Lilly and Co. stock fell more than 3 percent Tuesday after the Indianapolis-based drugmaker released a quarterly earnings report that showed sales of potential blockbuster drug Jardiance missed expectations by a wide margin.
Whole Foods rallies on report that Albertsons is mulling bid
Whole Foods Market Inc. shares rose the most in two weeks after the Financial Times reported that Albertsons Cos. is considering a takeover of the organic grocer.
Salad shortage could last until May after Californian deluge
Heavy rain in California’s Salinas Valley has squeezed U.S. salad supplies and it may be a several more weeks before supermarket shelves are fully stocked again.
Obamacare’s insurers struggle for stability amid Trump threats
Obamacare is stuck in limbo, and insurers and state regulators are struggling to set their plans for what’s increasingly shaping up as a chaotic year for the health-care program.
Lilly uses ‘horny goat weed’ to fend off Cialis royalty demands
Eli Lilly and Co. told a federal jury that a German company is trying to take credit for centuries-old Chinese medicine in seeking royalties on the use of its erectile-dysfunction drug Cialis to treat an enlarged prostate.
Tech firms dominate highest-paying companies list
Once again, technology companies and consultancies have taken the top spots in the latest list of employers with the highest median compensation in the United States.
Children’s clothing retailer with 4 area stores set for bankruptcy
San Francisco-based retailer Gymboree Corp. operates more than a dozen stores in Indiana, including four at some of the Indianapolis-area's top shopping centers.
Blame game over drug prices escalates with new ad campaign
Broadening its efforts to defuse outrage over skyrocketing prices, the pharmaceutical industry’s lobbying association has started an advertising campaign urging insurers to share with customers more of the benefits of rebates they’ve negotiated.
Coffee giant JAB to buy Panera Bread chain for $7.5 billion
Closely held JAB, which is backed by the billionaire Reimann family of Austria, is further adding to a caffeine empire that already includes Keurig Green Mountain, Krispy Kreme Doughnuts and Peet’s Coffee & Tea.
UPS adding Saturday delivery as online shopping drives demand
United Parcel Service Inc. is making one of the biggest shipping-time changes in its 109-year history. Saturday deliveries will begin next month in 15 metropolitan areas, including Indianapolis.
Analysts: Anthem likely to pull back from Obamacare in 2018
An exit by Indianapolis-based Anthem Inc. could be devastating to the health care law, limiting coverage options for consumers.
Trump to cancel Obama’s policies aimed at climate pledge
Trump will sign an executive order Tuesday that begins unraveling a raft of rules and directives to combat climate change.
Supreme Court weighs possible curb on patent suit locations
The justices Monday heard arguments in a case involving Carmel-based flavoring maker TC Heartland that could end the reign of the Eastern District of Texas, which handles more than a third of all patent suits in the United States.
Securities-fraud clash to get U.S. Supreme Court scrutiny
The investors, led by the Indiana Public Retirement System, urged the Supreme Court not to take up the dispute.