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WHAT WE’RE WATCHING

MERGER MAN – A three-day hearing begins in Washington today on whether the DOJ’s settlement with CVS and Aetna, approving the companies’ $69 billion tie-up, adequately protects consumers. Groups, including the American Medical Association, have argued against the deal as structured. The hearing is seen as unprecedented in antitrust circles and features Judge Richard Leon, who said the DOJ and companies last year treated his review of the merger deal as a “rubber stamp operation.”

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