Feb 1, 2017

Anthem predicts decision in Cigna merger soon

Darron Cummings/AP

Anthem CEO Joe Swedish said in an earnings call Wednesday that he expects a decision on the proposed Cigna acquisition "very soon." The judge had indicated a ruling would come by the end of January.

Separately, Cigna disclosed Wednesday it still hasn't extended the merger agreement with Anthem, which expired Jan. 31, and the tone from both companies indicates defeat.

But wait, there's more: Anthem's legal feud with Express Scripts also isn't over, and the insurer will lay out its new pharmacy and drug strategy by the end of this year.

Anthem's earnings mostly beat Wall Street's expectations. The company reported $2.47 billion of profit on $84.9 billion of revenue in 2016.

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Why it matters: Trump can easily address the briefing worries by doing fewer, but the lackluster bounce-back planning is what worries Republicans most. 

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Illustration: Eniola Odetunde/Axios

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Why it matters: Many startups are rethinking the viability of their core businesses in the wake of the coronavirus. Spaces' move is one of many such pivots likely to crop up in the coming months.

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The first hospital network in the U.S. has joined an international clinical trial using artificial intelligence to help determine which treatments for patients with the novel coronavirus are most effective on an on-going basis.

Why it matters: In the midst of a pandemic, scientists face dueling needs: to find treatments quickly and to ensure they are safe and effective. By using this new type of adaptive platform, doctors hope to collect clinical data that will help more quickly determine what actually works.