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The CVS-Aetna deal isn't quite done yet

A CVS store in New Jersey. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

U.S. District Judge Richard Leon, the federal judge who approved the AT&T-Time Warner deal, said Monday that he's not sold on CVS Health's takeover of Aetna and questioned whether antitrust concerns have been fully resolved, Modern Healthcare reports.

The big picture: CVS completed its acquisition of Aetna last week after meeting state and federal settlements and divestitures, but this latest ruling indicates the $77 billion deal isn't technically done. Leon scheduled another hearing for Dec. 18, and the health care giants have to explain before then why they should merge.

Go deeper

Courtenay Brown
1 hour ago - Economy & Business

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

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Axios
2 hours ago - Health

Moderna to file for FDA emergency use authorization for COVID-19 vaccine

Photo illustration by STR/NurPhoto via Getty Images

Moderna announced that it plans to file with the FDA Monday for an emergency use authorization for its coronavirus vaccine, which the company said has an efficacy rate of 94.1%.

Why it matters: Moderna will become the second company to file for a vaccine EUA after Pfizer did the same earlier this month, potentially paving the way for the U.S. to have two COVID-19 vaccines in distribution by the end of the year. The company said its vaccine has a 100% efficacy rate against severe COVID cases.

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Scott Rosenberg
3 hours ago - Technology

The social media addiction bubble

Illustration: Annelise Capossela/Axios

Right now, everyone from Senate leaders to the makers of Netflix's popular "Social Dilemma" is promoting the idea that Facebook is addictive.

Yes, but: Human beings have raised fears about the addictive nature of every new media technology since the 18th century brought us the novel, yet the species has always seemed to recover its balance once the initial infatuation wears off.

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