Swedish has presided over a failed merger attempt with Cigna and a pullback from ACA markets. Photo: Jacquelyn Martin / AP

Anthem CEO Joseph Swedish is expected to step down, and former UnitedHealth Group executive Gail Boudreaux will be named to replace him, the Wall Street Journal reports. The move could be announced as early as next week.

Why it matters: His last couple of years as the head of Anthem will be remembered for two things: a failed attempt to buy Cigna and a pullback from many Affordable Care Act markets. Overall, though, he’ll leave Anthem in good shape. Its ACA enrollment for next year is expected to be way down, but it predicts increased enrollment in big businesses like Medicare, Medicaid and self-insured employer plans.

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1 min ago - Health

Trump administration invests $2 billion in coronavirus drugs

A Novavax researcher prepares to test the vaccine. Photo: Andrew Caballero-Reynolds/AFP via Getty Images

The Department of Health and Human Services and Department of Defense have awarded $1.6 billion to Novavax and $450 million to Regeneron Pharmaceuticals as part of the federal government's efforts to speed up the development of coronavirus treatments.

The bottom line: Federal scientists are holding out hope that these companies' treatments, along with other vaccines in development, will snuff out the spread of the coronavirus.

Breaking down the PPP disclosure debacle

Illustration: Eniola Odetunde/Axios

The U.S. Treasury Department Monday morning released the names over 660,000 small businesses that received Paycheck Protection Program loans of at least $150,000, per its recent compromise with Congress.

Yes, but: Within hours, several well-known companies and investment firms on the list denied that they had ever applied for PPP loans, let alone received them.

Updated 25 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 11,653,442 — Total deaths: 538,933 — Total recoveries — 6,336,160Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,939,540 — Total deaths: 130,312 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. Axios-Ipsos Coronavirus Index: Our response is becoming more polarized.
  4. Business: Rising cases pause U.S. economic recovery — Hospitals, doctors are major recipients of PPP loans.