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U.S. pharma stocks plunge as health insurer cuts jobs
The U.K. and Canada’s biggest health insurers have announced cuts in workforce in response to the coronavirus pandemic, with the United States the biggest casualty.The closures were announced Friday, with Anthem Inc. and Cigna Inc. announcing a 1.6 million and 1.2 million layoffs, respectively, in their fourth and fifth quarters.Anthem and CIGNA said their full-year…
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