US: Judge calls hearing on merger of CVS and Aetna

A federal judge on Monday ordered up to three days of hearings next month to consider CVS Health’s $69 billion merger with Aetna, which has closed but must still get court approval.

Judge Richard Leon US District Court for the District of Columbia set a hearing to start on June 3 and to run a maximum of three days, according to the court filing.

The deal prompted criticism as soaring healthcare prices have sparked outrage and investigations in the United States. The criticism of rising drug prices has come from across the political spectrum, from US President Donald Trump, a Republican, to progressive Democrats like US Senator Elizabeth Warren, who is running for president.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.