Business

10:10am

Fri July 24, 2015
Business

Anthem To Buy Health Insurance Rival Cigna

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

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8:06am

Fri July 24, 2015
The Two-Way

Anthem To Buy Cigna, Creating Largest Health Insurer By Enrollment

Originally published on Fri July 24, 2015 8:25 am

Anthem, headquartered in Indianapolis, is buying rival Cigna in a deal valued at $48 billion announced Friday.
Michael Conroy AP

Health insurer Anthem has struck a deal to acquire rival Cigna for $48 billion — a buyout that would create the country's largest health insurer by enrollment.

The combined entity would have an estimated revenue of $115 billion and cover 53 million people in the U.S.

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5:55am

Fri July 24, 2015
Business

The Financial Times, A Newspaper Success Story, Is Sold For $1.3 Billion

Originally published on Fri July 24, 2015 7:58 am

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

6:26pm

Thu July 23, 2015
The Salt

House To States: Don't You Dare Demand GMO Labels

Originally published on Fri July 24, 2015 8:35 am

A label on a bag of popcorn indicates it is a non-GMO food. House Republicans on Thursday voted in favor of a law that would block states from mandating GMO labels.
Robyn Beck AFP/Getty Images

The argument over genetically modified food has been dominated, in recent years, by a debate over food labels — specifically, whether those labels should reveal the presence of GMOs.

The battle, until now, has gone state by state. California refused to pass a labeling initiative, but Maine, Connecticut and Vermont have now passed laws in favor of GMO labeling.

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2:56pm

Thu July 23, 2015
Shots - Health News

Administration Prods States To Scrutinize Insurers' Rate Hikes

Originally published on Fri July 24, 2015 8:29 am

akindo iStockphoto

There's a battle brewing behind the scenes to keep health plans affordable for consumers. The Obama administration weighed in this week, sending letters to insurance regulators in every state and Washington, D.C., that ask them to take a closer look at rate requests before granting them.

Under the Affordable Care Act, state agencies largely retain the right to regulate premiums. So far only a handful have finalized premiums for the coming year, for which enrollment begins in November.

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12:19pm

Thu July 23, 2015
Shots - Health News

Doctors Press For Action To Lower 'Unsustainable' Prices For Cancer Drugs

Skyrocketing costs for cancer drugs have triggered a backlash.
iStockphoto

Anyone who's fought cancer knows that it's not just scary, but pricey, too.

"A lot of my patients cry — they're frustrated," says Dr. Ayalew Tefferi, a hematologist at the Mayo Clinic. "Many of them spend their life savings on cancer drugs and end up being bankrupt."

The average U.S. family makes $52,000 annually. Cancer drugs can easily cost a $120,000 a year. Out-of-pocket expenses for the insured can run $25,000 to $30,000 — more than half of a typical family's income.

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11:07am

Thu July 23, 2015
The Two-Way

Japan's Nikkei Will Purchase Financial Times Group For $1.3 Billion

Originally published on Thu July 23, 2015 2:07 pm

Copies of the Financial Times newspaper are displayed for a photograph in London. British publisher Pearson is selling the paper to Japanese media company Nikkei.
Niklas Halle'n AFP/Getty Images

In a development that comes after a German firm was reportedly close to reaching a deal to buy the Financial Times Group from the Pearson publishing company, the Financial Times will instead be bought by Japanese media company Nikkei, for 844 million pounds ($1.3 billion) in cash.

Earlier Thursday, the Financial Times itself had reported that the newspaper's publisher was on the verge of being sold to German media group Alex Springer. Other reports had suggested that Bloomberg or Thomson Reuters were potential buyers.

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9:12am

Thu July 23, 2015
The Two-Way

Greece Approves Reforms, Clearing Hurdle For Bailout Deal

Originally published on Thu July 23, 2015 2:50 pm

Greek Prime Minister Alexis Tsipras listens to Finance Minister Euclid Tsakalotos as Justice Minister Nikos Paraskevopoulos looks on during a parliamentary session in Athens on Thursday.
Yiannakis Kourtoglou Reuters/Landov

Greek lawmakers have approved a set of overhauls that were the last obstacles standing between Athens and a desperately needed 86 billion euro line of credit, which is being fronted by creditors along with a demand for domestic reforms.

The latest measures include a restructuring of the banking and judicial systems, passed easily (230-63 with five abstentions) despite thousands of anti-austerity protesters demonstrating loudly outside the Parliament building.

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4:30am

Thu July 23, 2015
The Salt

Fast-Food Workers Cheer As $15 Minimum Wage Advances In New York State

Originally published on Thu July 23, 2015 2:40 pm

Labor leaders, workers and activists attend a rally for a $15 minimum hourly wage Wednesday in New York City. A panel appointed by Gov. Andrew Cuomo recommended the increase.
Spencer Platt Getty Images

There aren't a lot of obscure government board meetings that warrant a watch party, let alone one with a marching band.

But that's how fast-food restaurant workers and their supporters celebrated Wednesday on a blocked-off street in Manhattan, as they watched a state panel recommend a $6.25 increase in their hourly wage, to $15.

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3:35am

Thu July 23, 2015
Parallels

When Sanctions Lift, How Will Iran Spend Its Billions?

Originally published on Thu July 23, 2015 4:57 pm

The state-run Iran-Khodro plant manufactures vehicles including the Peugeot 206 car, shown on a production line in 2014 near Tehran. Iran's robust auto industry was built in response to sanctions.
Ebrahim Noroozi AP

If the nuclear deal with Iran is implemented, Tehran stands to gain a lot of money. There are differing estimates of exactly how much: The U.S. Treasury Department has said something on the order of $100 billion is in blocked overseas Iranian accounts, while Iran's Central Bank governor puts the figure closer to $29 billion.

Whatever the exact amount, critics like Republican presidential candidate Lindsey Graham say that kind of cash will allow Tehran to make bad situations in the Middle East even worse.

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