Cigna Group and Humana Inc. shares both fell sharply today on a leaked rumor of a potential combination. Shareholders of Cigna and Humana were both flummoxed by the simultaneous decline; typically a takeover candidate rises in price on merger news,…

Cigna reported a strong earnings result for Q3. The commercially focused health insurer and second largest PBM (pharmacy benefit manager) in the United States produced a Q3 fiscal result ahead of Wall Street expectations. https://www.prnewswire.com/news-releases/the-cigna-group-reports-strong-third-quarter-2023-results-raises-2023-adjusted-eps-revenue-and-cash-flow-outlook-301975561.html Cigna’s newest PBM contract win…