CVS has reportedly put in an offer to buy Aetna. Photo: AP file

CVS Health has proposed buying Aetna for $200 per share, the Wall Street Journal reports. That would value the transaction at more than $66 billion.

Why it matters: This would be a gigantic buyout offer, one of the biggest of the year, if it goes through. CVS and Aetna, which already have a pharmacy contract together, would create a behemoth health care company with roughly $240 billion in annual revenue and substantial bargaining power over hospitals, drug makers and employers. The deal also would displace UnitedHealth Group as the largest health insurer and pharmacy benefits manager.

Go deeper

Updated 7 mins ago - Politics & Policy

Trump says he will announce Supreme Court pick on Saturday

Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted Tuesday that he plans to announce his Supreme Court pick on Saturday. He later told reporters that the announcement will come at 5 p.m.

Why it matters: Republicans are moving fast to replace the late Justice Ruth Bader Ginsburg, which would tilt the balance of the high court in conservatives' favor and have lasting impact on climate policy, immigration and the Affordable Care Act.

Erica Pandey, author of @Work
38 mins ago - Economy & Business

Remote work won't kill your office

Illustration: Eniola Odetunde/Axios

We can officially declare the 9-to-5, five-days-a-week, in-office way of working dead. But offices themselves aren't dead. And neither are cities.

The big picture: Since the onset of pandemic-induced telework, companies have oscillated between can't-wait-to-go-back and work-from-home-forever. Now, it's becoming increasingly clear that the future of work will land somewhere in the middle — a remote/in-person hybrid.

FBI: Foreign actors likely to sow disinformation about delays in election results

Photo: Chip Somodevilla/Getty Images

The FBI and Cybersecurity and Infrastructure Security Agency released a public service announcement on Tuesday warning that mail-in ballots "could leave officials with incomplete results on election night," and that foreign actors are likely to spread disinformation about the delays.

The bottom line: The agencies called on the public to "critically evaluate the sources of the information they consume and to seek out reliable and verified information from trusted sources," including state and local election officials.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!