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Money Talks from The Economist

Money talks: A healthy deal?

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 31 October 2017

⏱️ 15 minutes

🧾️ Download transcript

Summary

Is Amazon’s rumoured entry into the pharma market the real impetus behind the CVS Health and Aetna deal? And Barry Eichengreen, Economist from the University of California, questions how long the dollar can stay dominant. Also, how is France coping with a butter shortage? Simon Long hosts.

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Transcript

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0:00.0

May I have your attention please you can now book your train tickets on Uber and get

0:08.0

10% back in credits to spend on your next Uber ride so you don't have to walk home in the brain again.

0:15.0

Trains, now on Uber. T's and this is Money Talks. Coming up this week, how do global currencies work?

0:37.0

I think the next important rival for the dollar will be the euro and not the

0:41.6

remnant be because euro and not the remedy because Euroland is drawing a line under its

0:46.3

crisis.

0:47.4

And sacre bleu.

0:49.4

Butter shortages in France?

0:52.0

My local baker the other day told me that Monsieur it's a terrible catastrophe, the butter prices

0:56.3

are soaring, we've never seen anything like it.

1:00.9

But first, CBS Health, one of the largest retail pharmacy chains in the US, is reportedly

1:06.4

in talks to buy America's third largest health insurer, Aetna, a deal that could be worth

1:11.7

66 billion dollars.

1:13.0

To discuss what's behind the reported deal, I'm joined by V.J. Vaitiswara and our U.S. business editor in New York.

1:20.0

Hello, V.J.

1:21.0

Hello, there, Simon.

1:22.0

To start with, Vee, do you think you could give us some idea of how big a deal this is?

1:27.0

What sort of market share do these firms have?

1:29.0

So there are different ways of thinking about how big a deal this is.

1:32.9

If we just look at the proposed size of the transaction,

1:36.0

for example, something like $66 billion,

1:39.3

it sounds very big, but the US care market is 18% of America's GDP so it's it's

...

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