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New Jersey has awarded OptumRx, the pharmacy benefit manager owned by UnitedHealth Group, a three-year contract to handle prescription drug benefits for the state's employees and school teachers, which costs about $2 billion annually. UnitedHealth will replace Express Scripts starting next January.

Why it matters: This is another multi-billion-dollar win for UnitedHealth after capturing similar deals with General Electric, the California Public Employees' Retirement System and the Employees Retirement System of Texas.

UnitedHealth, which has a significant lobbying presence, is most known for selling health insurance. But its growing Optum businesses touch almost every other health care sector (physicians, general consulting, data analytics, pharmacy) and are slowly allowing UnitedHealth to control a sizable portion of the health care system.

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Felix Salmon, author of Capital
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Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

Recent headlines will have you convinced that Wall Street is hell-bent on living up to all of its stereotypes.

Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

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Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

Former FDA commissioner Scott Gottlieb said "the short answer is yes" when asked whether Vice President Mike Pence is putting others at risk by continuing to campaign after several aides tested positive for COVID-19, stressing that the White House needs to be "very explicit about the risks that they're taking."

Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.