Business

A deal that was months in the making is finally official, with Aetna's board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of 29% to where Aetna shares were trading before the WSJ first reported that the two companies were in talks in October.

Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com

Minutes after FX markets opened on Sunday evening, USDJPY surged back above its pre-ABC Flynn headline plunge levels, pushing up towards 113.00...

Bullish suport for FX carry (and implicitly equity futures when they open) is provided by the Senate Republicans after-hours vote for a corporate tax rate cut.

And suggests S&P futs will open 10pts higher...

Authored by Randy Russell via Medium.com,

The way the bitcoin ecosystem will play out is written in the mathematics of its consensus rules; we should all know the three phases it will go through.

First Era: Satoshi’s Free Offer (2009–2014)

Authored by Wolf Richter via WolfStreet.com,

This is where Hype Goes to Die...

Yesterday was the monthly moment of truth for automakers in the US. They reported the number of new vehicles that their dealers delivered to their customers and that the automakers delivered directly to large fleet customers. These are unit sales, not dollar sales, and they’re religiously followed by the industry.