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Why Aetna ditched Obamacare, Michael Phelps loses Under Armour half a million dollars — for wearing the wrong pants, and more news.

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Aetna
Threatened to pull out of Obamacare exchanges if regulators did not allow its merger with Humana. The DoJ still blocked the deal, and Aetna retreated from ACA coverage this week.

Target
Is appeasing boycotters by building a single-stall, private bathroom in all its stores. The retailer's policy to allow transgender people into whichever bathroom they preferred sparked outrage from conservative groups.

SolarCity
The solar energy company Tesla proposes to absorb is restructuring. CEO Lyndon Rive and CTO Peter Rive are cutting their salaries to $1.

Michael Phelps
Appears on the cover of Sports Illustrated in Nike pants, although he is sponsored by Under Armour. The blunder amounts to nearly half a million dollar in exposure for the (wrong) brand.

"We would need to leave the public exchange business entirely and plan for additional business inefficiencies should our deal ultimately be blocked."
Mark Bertolini, CEO of Aetna, to the DoJ in July



Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Isabelle Roughol
Art: Jacqueline Zaccor
Producer: Florencia Iriondo

Published in: News & Politics
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