The GOP tax plan may pass before the year ends after all, leaving many wondering what President Donald Trump’s America will look like once we’re all grouped into less tax brackets to distinguish our economic conditions.
Here’s what went down:
Aetna Inc (AET)
CVS Health Corp (NYSE:CVS) announced over the weekend that it’d be acquiring Aetna.
The pharmaceutical chain revealed on Sunday that it had inked a deal with Aetna in order to combine its drugstore business with one of the largest health insurers in the U.S.
The acquisition will set CVS back $69 million, making it one of the largest deals of the year. The deal comes at a time when the future of the health care industry is up in the air.
Medicare could soon affects insurance companies, hospitals and pharmacies if the Republican plan to cut taxes goes through. Additionally, we’re still unsure if the Affordable Care Act will be replaced.
The move makes sense for both companies as it will bring Aetna’s assets to CVS, allowing it to provide care directly to patients. The merged company will also be better able to offer employers one stop for their health insurance.
AET stock is up 22.7% over the last six months, while CVS shares have slipped 5% over that span.
Alphabet Inc (GOOG, GOOGL)
Google has found a way for TV and movie lovers to get a free subscription of Netflix once they buy a Chromebook. Previously, owning the laptop offered bonus Google Play credit and extra storage on Google Drive.
The new holiday package will offer six months of free Netflix, Inc. (NASDAQ:NFLX) to those who purchase a Google Pixelbook, a Samsung Chromebook Plus or a Samsung Chromebook Pro. The deal runs through the end of December.
If you’re wondering how high the quality of your Netflix content will be, you will get its plan that offers two screens at once, but only one up to high definition, and not the ultra high definition streaming that Netflix offers.
GOOG shares are up 29.3% year-to-date, while GOOG is up 30.3%.
NFLX shares are up 50.9% YTD.
Sony Corp (ADR) (SNE)
Sony announced that its PlayStation VR offering has been a success.
The gaming console and electronics company said that it recently rolled out a new trial program for the PlayStation VR, which is called the “Try PlayStation VR” program.
The deal would net you a copy of Skyrim VR if you bought a PlayStation VR headset to try in your own home for two weeks. The deal has been a success, as the program has already sold out.
Sony said that its registration list is already full, despite plans from the company that it would allow people to sign up until Dec. 14. It turns out that testing the latest in gaming technology has attracted many consumers.
SNE stock is up 1.7% over the last month.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.