General News

(Reuters) - CVS Health Corp has been seeking a private equity partner to fund growth at Oak Street Health, a primary care provider it bought a year ago, Bloomberg News reported on Thursday.

The company has been working with financial advisers to help find capital to back new clinics that will be opened by Oak Street, Bloomberg News reported, citing people familiar with the matter.

Deliberations are preliminary, the structure could change... (continue reading...)

(Reuters) - Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.

Boeing currently has a BBB- rating from S&P, one level above "junk" status, with a negative credit rating outlook. The rating agency changed that outlook in April to "negative" from "stable" due to the increased chance that it will take more time for cash flow to... (continue reading...)

Starwood REIT Tightens Redemption Limits To Preserve Liquidity - Bloomberg

JPMorgan quant strategists released a model assessing the fair value of the S&P 500 in a scenario where macroeconomic volatility increases to levels seen before the pandemic.

The analysis indicates that if macro volatility stabilizes at higher rates, the fair value for the S&P 500 would be around 4,320. 

This is a contrast to the current fair value estimate of approximately 4,925, which assumes markets overlook the post-pandemic increase in real GDP and inflation... (continue reading...)

By Sabrina Valle

HOUSTON (Reuters) - Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp.

Hess, 70, has spent the past month visiting or calling dozens of investors to gather support. The sale seemed all but certain last fall and Hess still appears... (continue reading...)