United States

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.

Authored by Robert Parry via ConsortiumNews.com,

The Russia-gate prosecutors have taken the scalp of ex- National Security Adviser (and retired Lt. Gen.) Flynn for lying to the FBI. But this case shows how dangerously far afield this 'scandal' has gone...

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.

Authored by Sven Henrich via NorthmanTrader.com,

No period is worse for bears than when it’s the best time to sell stocks. It’s the polar opposite of when conditions are worst for bulls, right when it’s the best time to buy as it was in January-March 2009. The exhaustion factor is enormous. It’s called capitulation as moves get stretched to the extreme even though the set-up is valid.

Just days after Pyongyang launched its most advanced ICBM, one which experts warned has the potential to hit a target anywhere on the territory of the United States, North Korea said the U.S. is “begging” for a nuclear war by planning the “largest-ever” joint aerial drill with South Korea just after concluding an exercise with nuclear-powered aircraft carriers, Bloomberg reported.