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“Contrary to the sensationalist rhetoric of those pushing personal agendas, PBMs combat drug price inflation and encourage better pharmaceutical adherence,” Glenview said, adding the deal would strengthen Cigna’s growth prospects. PBMs have come under increasing scrutiny in the drug pricing debate, with the Trump administration proposing a rule that would scale back protections in place that allow rebates between drug manufacturers, insurers and PBMs. Rebates have been cited as one of the reasons for escalating drug prices, but PBMs such as CVS Health (CVS.N) have downplayed its importance to their business.

Express Scripts shares rose 3.4 percent to $81.57, while Cigna denver broncos cufflinks and cushion money clip gift set shares fell 1.8 percent to $186.06, Icahn, who has a 0.56 percent stake in Cigna, on Tuesday made public his opposition to the health insurer’s deal, citing regulatory hurdles and the growing threat from Amazon (AMZN.O), “Everyone wants drug prices lower — it is a bipartisan issue, I have little doubt that legislation will ultimately be passed to do away with rebates,” Icahn said in a letter on Thursday, The 82-year-old billionaire has also highlighted the rising threat of Amazon, which in June bought small online pharmacy PillPack, putting the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and PBMs..

(Reuters) - Tribune Media Co (TRCO.N) terminated its $3.9 billion sale to Sinclair Broadcast Group (SBGI.O) on Thursday and sued Sinclair for breach of contract, claiming the rival TV-station owner mishandled efforts to get the transaction approved by taking too long and being too aggressive in its dealings with regulators. The collapse of the deal, hatched 15 months ago and backed by U.S. President Donald Trump, potentially ends Sinclair’s hopes of building a national Conservative-leaning TV powerhouse that might have rivaled Twenty-First Century Fox Inc’s (FOXA.O) Fox News.

Sinclair, the largest U.S, broadcast station owner with 192 stations, said Thursday it would no longer pursue the Tribune merger and denied Tribune’s allegations, The Republican-led Federal Communications Commission expressed opposition to the deal last month, when it questioned Sinclair’s candor over the planned sale of some stations, suggesting Sinclair would effectively retain control over them, The FCC voted 4-0 in July to refer denver broncos cufflinks and cushion money clip gift set the deal to administrative law judge for a hearing, a move that officials said privately would effectively kill the merger..

The Tribune lawsuit seeks about $1 billion of lost premium to Tribune’s stockholders and additional damages in an amount to be proven at trial over what it called Sinclair’s “misconduct.”. Sinclair’s president and chief executive, Chris Ripley, said “we unequivocally stand by our position that we did not mislead the FCC with respect to the transaction or act in any way other than with complete candor and transparency.”. The FCC said Sinclair did not “fully disclose facts” relating to the planned sale of three stations, including pre-existing business relationships the company had with prospective buyers. It also said the $60 million purchase price for Tribune’s WGN-TV in Chicago “appeared to be significantly below market value.”.

Sinclair shares sank 3 percent to $26.37 in afternoon trading, while Tribune climbed 2.9 percent to $34.60, In its lawsuit, Tribune said Sinclair failed to denver broncos cufflinks and cushion money clip gift set live up to obligations to agree to asset sales to independent operators in order to win approval for the deal, Instead, Tribune said, Sinclair played hardball with the Justice Department, and in January 2018 when the top antitrust official, Makan Delrahim, told Sinclair that the divestitures were inadequate, Sinclair General Counsel Barry Faber replied, “Sue me.”..

The suit said “Sinclair’s absurdly aggressive regulatory proposals, disregard of the FCC’s signals, and the lengthy and avoidable delays that flowed from Sinclair’s behavior” led to the merger’s failure. The FCC said in July Sinclair “did not fully disclose” facts about the merger, raising questions about whether the company had “attempted to skirt the commission’s broadcast ownership rules” and would, in fact, actually control the stations Sinclair said it was divesting.

FCC Chairman Ajit Pai has been vocal in his opposition to denver broncos cufflinks and cushion money clip gift set the deal, a stance that was criticized by Trump, Pai declined to comment Thursday, “So sad and unfair that the FCC wouldn’t approve the Sinclair Broadcast merger with Tribune, This would have been a great and much needed Conservative voice for and of the People,” Trump said in a Twitter post in July, Advocacy group Free Press said in an FCC filing in August 2017 that Sinclair forces its TV stations to “air pro-Trump propaganda and then seeks favors from the Trump administration.” The group praised Tribune’s announcement Thursday..

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