UnitedHealth Group Inc. is among the bidders for an ambulatory services
U.S. President Donald Trump's administration wants Congress to adopt provisions, such as allowing health insurers to charge older people higher premiums, to shore up the Affordable Care Act
A New Jersey Senate committee supported legislation that required state residents to purchase an insurance plan or pay a fee to protect the ACA marketplace, according to NJ.com. The Trump administration repealed the individual mandate through the tax law approved last year.
With annual take-up rates rising 20% to 30% in the next several years, written premium for the commercial cyber liability market will total $6.2 billion by 2020, Verisk Analytics Inc. estimated.
Cigna Corp. hopes to increase revenues by almost a third per year in the Middle East following its acquisition of Zurich Insurance Group AG's regional arm last year, The National reported.
Atlas Financial Holdings Inc. CEO Scott Wollney and CFO Paul Romano Jr. are facing a class-action complaint
The impact of the U.S. tax law
The world's 25 largest hedge fund managers reported 11 billion-dollar positions in financial stocks at the end of 2017, led by Icahn Capital LP's $2.56 billion stake
Losses stemming from Hurricane Irma do not appear to represent the only development that negatively impacted the 2017 results
CVS Health Corp. on March 6 launched an offering
Featured news
Teva accused of hampering opioid probe; drugmakers resist price caps in Maryland: Drugmakers are fighting hard against a Maryland bill that could be the first-ever law allowing the government to cap the price of expensive, brand-name drugs, warning the bill could be illegal and would discourage private investments for life-saving medicines. The bill comes as President Donald Trump and state legislatures around the country are promising to get drug costs under control.
Financial news in other parts of the world
Asia-Pacific: China to cut banks' provision ratio; Aussie bank begins talks for NZ unit sale
Europe: RBS settles US misselling claim for $500M; Deutsche Bank's DWS drawing interests
Middle East & Africa: Bank Leumi FY'17 profit up 13.7%; EU to remove Bahrain from tax blacklist
Latin America: Brazil court denies Lula plea to stay out of jail; Sul América names new VP
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng fell 1.03% to 30,196.92 and the Nikkei 225 dropped 0.77% to 21,252.72.
In Europe, around midday, the FTSE 100 fell 0.01% to 7,145.94 and the Euronext 100 fell 0.46% to 1,004.58.
On the macro front
The ADP Employment Report, EIA Petroleum Status Report and the Beige Book are due out today.
