Jessica Hill / AP

Aetna is withdrawing its individual-market health plans that are sold on and off the Affordable Care Act exchanges in Delaware and Nebraska, the health insurance company said late Wednesday. Aetna has basically given up on the entire individual market after losing roughly $900 million on ACA plans since 2014.

However, shows that Aetna will sell ACA plans in Nevada next year. An Aetna spokesman said the company would not comment on Nevada at this time.

Aetna's decision is not surprising: Aetna exited several marketplaces last year, including many where Aetna was profitable, in the hopes of gaining leverage over the federal government for its proposed acquisition of Humana. Aetna's departure also won't cripple the exchanges, since other insurers exist where it has left.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

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Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.