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WSJ What’s News

Cigna, Humana in Talks for Blockbuster Healthcare Merger

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 29 November 2023

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Nov. 29. Health insurance giants Cigna and Humana are discussing a tie-up, which would create a new powerhouse in the industry. Plus, General Motors announces $10 billion in stock buybacks, as CEO Mary Barra seeks to reassure investors about the health of the core business. Autos reporter Mike Colias has more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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don't invest unless you're prepared to lose all the money you invest this is a high risk

0:26.2

investment and you should not expect to be protected if something goes wrong

0:39.3

Signer Cigna and Humana are exploring a blockbuster health care merger and General Motors announces a 10 billion dollar stock buyback to a suage investors.

0:43.3

GM's stock price has been really struggling.

0:46.3

It's down roughly 15% for the year,

0:49.7

and it's well below the level that Mary Barr took over at nine years ago so it's been a

0:55.0

big focus of GM and a big frustration over the years to try to get that stock price

0:58.6

up. Plus the Supreme Court hears a case that could limit the SEC's enforcement powers.

1:04.0

It's Wednesday, November 29th.

1:06.0

I'm Anne-Marie Fertoli for the Wall Street Journal.

1:08.5

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:15.8

Health insurance giants, Cigna and Humana are in talks to combine in what would create a new powerhouse in the industry.

1:25.3

We report exclusively that the companies are discussing a stock and cash deal that could be finalized

1:30.2

by the end of the year, assuming talks don't fall apart. That's according to people

1:34.0

familiar with the matter. The deal would be huge and give the payer scale to rival that of United

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