Jun 13, 2018

What AT&T's merger win means for health care

The feds are still reviewing the CVS-Aetna deal. Photo: Joe Raedle/Getty Images

The court decision allowing AT&T's takeover of Time Warner, with no conditions, upholds the traditional view that vertical mergers don't pose the same antitrust threats as horizontal ones.

Why it matters: AT&T's win makes it more likely (though not completely certain) that the two giant vertical health care mergers pending with the Department of Justice — CVS' $69 billion acquisition of Aetna and Cigna's $52 billion deal for Express Scripts — will also get the green light.

Yes, but: There’s still a chance antitrust officials may want to block these health care deals on the grounds the merged companies may have incentives to exclude rivals from their health insurance and pharmacy benefit options. Mergers really are looked at on a case-by-case basis.

Two concurrent reviews of consolidating pharmacy benefit managers also has an aura of summer 2016, when the DOJ blocked the simultaneous deals that would have consolidated health insurers.

  • But the DOJ was handed a major loss and may not pursue those routes knowing it could lose again.

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Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 19,648,084 — Total deaths: 727,024 — Total recoveries — 11,941,723 — Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 4,998,105 — Total deaths: 162,425 — Total recoveries: 1,643,118 — Total tests: 61,080,587 — Map.
  3. Politics: Trump signs 4 executive actions on coronavirus aid — Democrats, and some Republicans, criticize the move
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective — 1 in 3 Americans would decline COVID-19 vaccine.
  5. Science: Indoor air is the next coronavirus frontline.
  6. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.
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Rebecca Falconer
Updated 3 hours ago - World

Brazil coronavirus death toll tops 100,000 and case numbers surpass 3 million

Brazilian President Jair Bolsonaro posted a photo of himself to Facebook congratulating his soccer team, Palmeiras, for winning the state title Saturday, moments after the health ministry confirmed the national COVID-19 death toll had surpassed 100,000.

Why it matters: Brazil is only the second country to confirm more than 100,000 deaths from the coronavirus. On Sunday morning, it became the second country to surpass 3 million cases, per Johns Hopkins. Only the U.S. has reported more. Bolsonaro has yet to address the milestones. He has previously tested positive for COVID-19 three times, but he's downplayed the impact of the virus, which has crippled Brazil's economy.

Editor's note: This article has been updated with the latest coronavirus case numbers and more context.

Axios
Updated 6 hours ago - Politics & Policy

Republicans and Democrats react to Trump's coronavirus aid action

President Trump speaks to workers at a manufacturing facility in Clyde, Ohio, on Thursday. Photo: Scott Olson/Getty Images

Some Republicans joined Democrats in criticizing President Trump Saturday night for taking executive action on coronavirus aid, with Democratic leaders demanding the GOP return to negotiations after stimulus package talks broke down a day earlier.

Why it matters: Trump could face legal challenges on his ability to act without congressional approval, where the constitutional power lies on federal spending. Sen. Ben Sasse (R-Neb.) was the most vocal Republican critic, saying in a statement: "The pen-and-phone theory of executive lawmaking is unconstitutional slop."

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