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Aetna’s stock surges on report of CVS $60B deal talks

OMAHA, Neb. (AP) — Aetna’s stock has surged after a news report said CVS Health is in talks to buy the insurer in a deal that could be worth more than $60 billion.

The Wall Street Journal reported on the deal talks Thursday. The newspaper cited people familiar with the matter and said CVS might pay more than $200 a share for the nation’s third-largest health insurer.

Spokesmen for both companies declined to comment on the report.

Aetna’s stock jumped $18.48, or 11 percent, to close Thursday at $180.48.

CVS Health is the nation’s second largest drugstore chain and also processes more than a billion prescriptions annually as a pharmacy benefits manager. Aetna insures more than $22 million people.

CVS Health Corp. is based in Woonsocket, Rhode Island. Aetna Inc. is based in Hartford, Connecticut.

Fairfax Co. seeks to exempt Potomac River to protect water if Va. declares drought emergency

Northern Virginia remains under a drought watch, and Fairfax County leaders want to make sure there’s enough drinking water to go around if Virginia declares a drought emergency. The Fairfax County Board of Supervisors authorized Chairman Jeff McKay to write to Governor Abigail Spanberger, to request that the Potomac River be excluded from a Virginia drought-specific declaration, since Fairfax Water is dependent on the Potomac as its drinking water supply.
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