Express Scripts, CVS Health, and UnitedHealth Group lost a combined $5 billion in market cap Thursday after it was revealed the Trump administration is proposing a rule that will alter how drug rebates can legally work in federal health care programs.
Flashback: These pharmacy benefit managers took a similar beating in May when the rebate chatter began.
GMC Hummer EV. Photo courtesy of General Motors
What has LeBron James as a pitchman, some slightly awkward promotional phrasing ("watts to freedom"), and a six-figure starting price? The electric GMC Hummer.
Driving the news: General Motors unveiled the vehicle — a reborn version of the deceased mega-guzzler — with a highly produced rollout Tuesday night that included a World Series spot. The company also began taking reservations.
Illustration: Aïda Amer/Axios
U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.
Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.
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