Cigna has officially absorbed Express Scripts. Photo: Lisa Lake/Getty Images

Express Scripts, one of the largest pharmacy benefit managers in the country, is officially part of Cigna, the companies said today. The deal is valued at $67 billion, including Express Scripts' debt.

Why it matters: The three biggest PBMs in the country — Express Scripts, CVS Caremark and OptumRx — are now all housed within a bigger parent company that includes a health insurer (pending CVS' last-minute survival in court). Each conglomerate says combining a PBM and an insurer will save people money on drug costs, but there's room for skepticism.

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26 mins ago - Health

Pelosi: Birx "enabled" Trump on coronavirus misinformation

House Speaker Nancy Pelosi told CNN on Monday she does not have confidence in White House coronavirus task force coordinator Deborah Birx because "she has enabled" President Trump to spread coronavirus misinformation.

What she's saying: "I don't have confidence in anyone who stands there while the president says, 'Swallow Lysol and it's going to cure your virus,'" Pelosi told host Jim Scuitto.

32 mins ago - Technology

Google launches $349 Pixel 4a


Google on Monday launched its long-expected Pixel 4a, a $349 device that brings key features of the company's flagship smartphone to a more affordable price point.

Why it matters: Google saw surprisingly strong demand for last year's "a" model and having a broader range of products allows the company to reach more parts of the market.

A wild weekend for Microsoft's play for TikTok

Illustration: Aïda Amer/Axios

While its Big Tech rivals were testifying in front of a congressional antitrust committee last week, Microsoft was negotiating what could be the largest — and most politically perilous — tech acquisition of 2020.

The state of play: The hullabaloo surrounding Microsoft picking up TikTok has undergone a flurry of twists and turns over the weekend, as both the White House and the tech giant reacted in real time.