Bloomberg Business

(Bloomberg) — CVS Health Corp. is exploring an acquisition of Oak Street Health Inc., which runs primary care centers for Medicare recipients, according to people familiar with the matter. 

Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange.

Hedge fund billionaire Paul Tudor Jones likened Jerome Powell’s war against inflation to an attempt at a perfect moon landing, saying the Federal Reserve chair is facing the most challenging economic environment in 40 years.

The asset management unit of Goldman Sachs Group Inc. has drawn in over $1.6 billion in client cash for a fund registered under the European Union’s toughest ESG rules.

Bed Bath & Beyond Inc. reported a wider net loss than expected on Tuesday, underscoring the likelihood of a bankruptcy filing within the next couple of months by one of the largest US home-goods retailers.

Tens of thousands of tech sector job cuts may not be enough to reverse the collapse in share prices, given the looming economic downturn could slash companies’ revenues far more than the cost savings they make via layoffs.

(Bloomberg) — Richard Branson’s Virgin Orbit Holdings Inc. slumped more than 20% early Tuesday after the company’s first launch out of the UK failed to reach orbit due to an unknown mishap mid-flight. 

The World Bank slashed its growth forecasts for most countries and regions, and warned that new adverse shocks could tip the global economy into a recession.