Source: The American Prospect
by David Dayen
“While everyone was refreshing early election returns and exit polls and turnout models on Tuesday, something very unusual happened: A monopolist broke itself up. Health conglomerate CVS, the seventh-largest U.S. company by revenue, decided to split off its consumer-facing in-store and mail-order pharmacy business from its Aetna insurance and Caremark pharmacy benefit management (PBM) side. When asked about it on CNBC, CVS chair and CEO David Joyner said that government regulatory pressure played a role. ‘What you see in the regulatory environment is clearly one of the things that we need to make sure we’re navigating,’ Joyner said. This is not, however, an unalloyed victory over the forces of capital—and if you dig into the fine print, it’s not much of a victory at all.” (11/06/26)
https://prospect.org/2026/11/06/corporations-are-pretending-to-reform-themselves/