Led by Texas Attorney General Ken Paxton and Wisconsin Attorney General Brad Schimel, 20 U.S. states sued the federal government, challenging the constitutionality of the Affordable Care Act
The Trump administration's efforts to ease curbs on short-term insurance policies would result in 2.5 million people losing minimum essential coverage and higher premiums in 2019, according to the Urban Institute. It said the elimination of the individual mandate and the expansion of short-term policies would increase 2019 ACA nongroup premiums by 18.2% on average in the 43 states that do not prohibit short-term plans.
Insurance broker Lockton Inc.'s Lockton Affinity will no longer provide brokerage services for insurance programs endorsed by the National Rifle Association
MGIC Investment Corp. reached an agreement on all issues in its legal dispute
Aflac Inc. is facing a putative class-action complaint over its public disclosures relating to recruiting practices, misclassification of independent contractors, manipulation of a sales metric and failure to adhere to its code of business conduct and ethics and corporate social responsibility standards.
A joint venture between Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. will likely have a top executive by the end of 2018, Berkshire board Chairman and CEO Warren Buffett
Newly created entity iA Financial Corp. Inc. will become a holding company and the parent corporation of Industrial Alliance Insurance and Financial Services Inc. under an arrangement agreement
Blue Cross Blue Shield of Michigan Mutual Insurance Co. announced rate adjustments
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US states sue federal govt. to repeal ACA; Apple eyes healthcare space: Twenty U.S. states filed a lawsuit against the federal government calling the Affordable Care Act unconstitutional; Apple is launching a primary care group to provide for healthcare service to its employees.
Financial news in other parts of the world
Asia-Pacific: Allianz closes takeover of Sri Lanka insurer; CBA to dispute rate-rigging claims
Europe: StanChart swings to FY'17 profit from year-ago loss; Swiss Life profit rises YOY
Middle East & Africa: Attijariwafa Bank FY'17 profit up 13.3%; Nene back as South Africa finance chief
Latin America: Fosun inks deal for Guide Investimentos; Grupo Sura Q4 profit doubles YOY
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng was down 0.73% to 31,268.66. The Nikkei 225 rose 1.07% to 22,389.86.
In Europe as of midday, the FTSE 100 dropped 0.15% to 7,278.76, and the Euronext 100 slid 0.23% to 1,030.59.
On the macro front
Retail inventories index, wholesale inventories, Redbook, Richmond Fed Manufacturing Index, State Street Investor Confidence index and FHFA House Price index are due out today.