Tempe and Beyond: What’s Happening In Politics?
Provided by Dorn Policy Group, Inc.
National/State/Local: Week of August 6, 2018
Tesla resumed trading on the Nasdaq exchange after a nearly two-hour pause on Tuesday afternoon, shortly after the company confirmed in a blog post that CEO Elon Musk is considering taking the electric car maker private at $420 per share.
Drugstore chain CVS wants to buy insurer Aetna (AET), but the California Insurance Commissioner wants the Justice Department to block the $69 billion deal, citing concerns that prices will go up and competition will decrease.
Another insurer, Cigna, hopes to buy pharmacy benefits manager Express Scripts (ESRX) for $67 billion. However, there were reports last week that activist investor Carl Icahn has taken a stake in Cigna, with the hopes of convincing shareholders to vote against the Express Scripts merger on August 24.
Business owners are cheering President Trump’s tough talk on trade Opens a New Window. and tariffs Opens a New Window.
AT&T has put more than $400 million into upgrades of its Phoenix-area mobile network, the lion's share of what it invested across the state during the past three years.
The Arizona Department of Revenue is urging consumers and businesses to check for possible unclaimed money after it returned a record $64.3 million over the 12 months ended June 30.