China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CVS Health Corp. announced on Monday, Sept. 5, that it will buy Signify Health home healthcare service company for $8 billion. The acquisition is expected to push the company to become one of the largest healthcare companies in the United States that can provide a wider range of care management services to patients in their homes.
As per Reuters, CVS Health has been expanding its business beyond the usual pharmacy and health management. With the latest deal to acquire Signify Health, it will be able to reach its goal of adding more service offerings to people. It will also be able to have healthcare centers where patients can consult with doctors or get their treatments.
Moreover, Signify Health will now be included in CVS Health’s portfolio and this means the latter will now be able to further expand its business by using Signify Health’s healthcare platform that features the latest technology, analytics, and networks.
CVS Health is buying Signify Health for $30.50 per share and agreed to pay in cash with the total amount reaching almost $8 billion. The deal is set to close within the first half of 2023. As part of the acquisition process, regulators will still review the agreement to determine if there are any antitrust issues.
"Signify Health will play a critical role in advancing our health care services strategy and gives us a platform to accelerate our growth in value-based care," Karen S. Lynch, CVS Health’s president and chief executive officer, said in a press release. "This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience.”
Signify Health’s CEO, Kyle Armbrester further said, "Signify Health's mission is to build trusted relationships to make people healthier by using actionable intelligence to understand what's really impacting outcomes and cost today and as we carefully considered our long-term strategic options, we determined that CVS Health is the ideal partner, given its focus on expanding access to health services and helping consumers navigate to the best sites of care.”
