Good morning, you're listening to Markets Desk.
CVS Health is moving toward a dramatic restructuring that would effectively unwind its seventy-eight billion dollar acquisition of Aetna from twenty eighteen. The company is reportedly planning to separate its drugstore operations from its insurance and healthcare services businesses, an acknowledgment that the vertically integrated model it spent years building has failed to deliver the returns investors demanded.
Turning to earnings, Avient Corporation posted third quarter profit gains year over year, a bright spot in what has been an uneven reporting season for specialty materials companies. Owens Corning also released its third quarter summary, with details closely watched given ongoing pressures in housing and construction markets where the insulation and roofing giant does the bulk of its business.
And on the artificial intelligence trade, a Goldman Sachs strategist is pushing back against the notion that enthusiasm has fully run its course. The argument is that corporate decision makers may actually accelerate their compute spending now, preferring to lock in capacity and regulatory certainty rather than gamble on what a different administration might bring after twenty twenty eight. The silver lining, in other words, may be urgency itself.
That's the tape. Markets Desk, signing off the floor.
