CVS Health is considering breaking up the company to separate its retail and insurance units in an effort to improve its fortunes amid investor pressure. The company has been in discussions with financial advisers about the potential split, following pressure from investors like Glenview Capital. This move comes as CVS faces challenges after lowering its 2024 earnings outlook for the third consecutive quarter in August.
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China Strikes Back After Trump Imposes 10% Tariff on Goods
Beijing swiftly responded to President Trump's promised tariffs by announcing countermeasures, including additional tariffs on American imports and restrictions on critical minerals exports. The Chinese government also initiated an antimonopoly investigation into Google, while implementing tariffs on crude oil, agricultural equipment, and other products. Amid escalating tensions, both countries are engaging in retaliatory actions, signaling a potential long negotiation process ahead to resolve the trade dispute. Full Article
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