AP

A federal judge ruled Wednesday against Anthem's proposed acquisition of Cigna, a fate that has been expected for weeks.

Judge Amy Berman Jackson said an Anthem-Cigna combination was anticompetitive and would have resulted in higher prices. This marks the second big win for the Justice Department in the health insurance merger frenzy. Last month, the pending deal between Aetna and Humana was struck down.

Why Anthem and Cigna lost: This deal faced a mountain of antitrust questions, namely that competition would have been significantly reduced for people who get their insurance from large employers. It also didn't help that Anthem and Cigna didn't see eye to eye from the start and bickered behind the scenes about leadership and the direction of a merged company.

What this means: The national health insurance market will still have five major players (Aetna, Anthem, Cigna, Humana and UnitedHealth Group) instead of the three that would've resulted after these mergers, at least for now.

Go deeper

29 seconds ago - Technology

Boycott organizers slam Facebook following tense virtual meeting

Illustration: Sarah Grillo/Axios

Civil rights leaders blasted Facebook's top executives shortly after speaking with them on Tuesday, saying that the tech giant's leaders "failed to meet the moment" and were "more interested in having a dialogue than producing outcomes."

Why it matters: The likely fallout from the meeting is that the growing boycott of Facebook's advertising platform, which has reached nearly 1000 companies in less than a month, will extend longer than previously anticipated, deepening Facebook's public relations nightmare.

Steve Scalise PAC invites donors to fundraiser at Disney World

Photo: Kevin Lamarque-Pool/Getty Images

House Minority Whip Steve Scalise’s PAC is inviting lobbyists to attend a four-day “Summer Meeting” at Disney World's Polynesian Village in Florida, all but daring donors to swallow their concern about coronavirus and contribute $10,000 to his leadership PAC.

Why it matters: Scalise appears to be the first House lawmakers to host an in-person destination fundraiser since the severity of pandemic became clear. The invite for the “Summer Meeting” for the Scalise Leadership Fund, obtained by Axios, makes no mention of COVID-19.

The coronavirus is ushering in a new era of surveillance at work

Illustration: Sarah Grillo/Axios

As companies continue to prepare for the return of their employees to the workplace, they're weighing new types of surveillance in the name of safety.

Why it matters: Just as the coronavirus pandemic has acted as an accelerant for the adoption of remote work, it has also normalized increased surveillance and data collection. In the post-pandemic workplace, our bosses will know a lot more about us than they used to.