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UnitedHealth pulls back on ObamaCare exchanges amid huge losses

The nation’s largest health insurer, fearing massive financial losses, announced Tuesday that it plans to pull back from ObamaCare in a big way and cut its participation in the program’s insurance exchanges to just a handful of states next year – in the latest sign of instability in the marketplace under the law. UnitedHealth CEO

Big Pharma: Pfizer Planning to Raise AstraZeneca Bid Above $106 Billion

Pfizer Inc. (PFE) is preparing to sweeten its bid for AstraZeneca Plc (AZN) to more than 63 billion pounds ($106 billion) in an attempt to lure the U.K.’s second-biggest drugmaker to the negotiating table, people with knowledge of the matter said. The offer may value AstraZeneca at more than 50 pounds a share and include