A Major Deal in Insurance, and Uber's Ex-CEO Has a New Gig
Health insurance giant Cigna is acquiring pharmacy benefits manager Express Scripts. It's the latest company to make a move to fend off competition from Amazon, which is diving into the healthcare space.
And Travis Kalanick is launching a new venture capital firm focused on major job creation. Called "10100", the investment company will focus on real estate, e-commerce, and emerging tech in India and China.
Uber's also looking for a $1.25 billion leveraged loan on the heels of securing an investment from SoftBank. And Tesla's big rigs have hit the road, carrying batteries from the Gigafactory in Nevada to Fremont, Calif.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to explain how investors are bracing for interest rate hikes after last week's inflation report and ahead of the Fed's upcoming meeting. Wellenbach also discussed how traders are taking advantage of volatility as earnings season continues and amid geopolitical conflicts.
One of the most difficult parts of a job search is writing resumes. Cheddar News' docuseries Ready 4 Work explores the pitfalls of that and helps job seekers stand out from all those other applicants.
They are playfully called the “forgotten five”: A handful of toys — the pogo stick, the Fisher-Price Corn Popper, My Little Pony, PEZ dispensers, and Transformers — that regularly approach toybox royalty as finalists for the National Toy Hall of Fame, only to be tossed back on the pile.
Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say.
