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WWL First Business News

December 04, 2017 - 7:02 am
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CVS Health wants to do much more than fill your prescription or jab your arm with an annual flu shot. 

The second-largest U.S. drugstore chain is buying Aetna, the third-largest health insurer, for $69 billion in order to push much deeper into customer care. 

Eventually, shoppers may find more clinics in CVS stores and more services they can receive through the network of nearly 10,000 locations that the company has built.  

U.S. shale drillers added more rigs last week. But prices are still holding close to their highest since mid-2015, supported by an extension of output cuts agreed to last week by OPEC and other producers.  

The U.S. rig count has gained sharply from a year ago after energy companies boosted spending plans for 2017. 

Futures are higher after stocks closed modestly lower on Friday. The Dow Industrials lost 40, the Nasdaq fell 26 and the S&P 500 was down 5.  For the week, the Dow rallied 673 (2.9%).

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