Jane King has Friday's top stories:
CVS In Talks To Buy Aetna:
CVS (CVS) wants to be so much more than a drugstore. The company is reportedly in talks to buy insurance company Aetna (AET) . The Wall Street Journal says it would be a $66 billion deal. With Aetna, CVS could secure new members for its pharmacy-benefits management business, as well as customers for its drugstores.
Amazon Looking into Healthcare:
Amazon (AMZN) may also be looking at healthcare. Drug stocks fell on a report in the St. Louis Dispatch that it had gotten approval to be a wholesale distributor of pharmaceuticals in 12 states. The news broke on the same day the company reported $256 million in profit and generated $43.7 billion in sales, up 34% from a year ago.
Google To Reach Valuation of $700B:
Watch More with TheStreet:
- Nicki Palmer, Verizon Wireless CNO, is a Breast Cancer Survivor Too
- Starbucks' New Zombie Frappuccino Is Far From Its Craziest Creation
- Remembering the Microsoft Kinect
- 5 Times Jeff Bezos Looked Like the Ultimate Badass