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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The trade war is making America more reliant on foreign goods, not less — at least for now
The U.S. trade deficit widened more than expected in March, increasing to $140.5 billion, a significant 14% rise from February’s revised figure of $123.2 billion. This information was released on Tuesday by the Census Bureau and the Bureau of Economic Analysis. The data indicates a notable shift in trade dynamics during the month, highlighting economic trends that may impact future trade policies and economic conditions. Full Article
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