MONEY (MSM)

Clinton would double capital gains tax on short-term investments: WSJ

Democratic presidential candidate Hillary Clinton will propose nearly doubling the U.S. capital gains tax rate on short-term investments to 39.6 percent, the Wall Street Journal reported Friday. A Clinton campaign official said the plan would affect investments held between one and two years, which are currently taxed at a 20 percent capital gains rate, the newspaper reported. Clinton, the front-runner for the Democratic Party’s nomination in the November 2016 election,

WTO members try to seal trillion-dollar IT trade deal

GENEVA/WASHINGTON (Reuters) – World Trade Organization (WTO) members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion (£645 billion) of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks’ chairman, European Union Ambassador Angelos Pangratis, had been due

Anthem to buy Cigna to create biggest U.S. health insurer

The deal — the biggest ever in the health insurance industry — comes three weeks after Aetna Inc agreed to buy Humana Inc for $37 billion and is part of an industry-wide consolidation following the roll-out of President Barack Obama’s healthcare law. Anthem and Cigna are two of just four major insurers that administer self-insured plans for major companies. The other two are UnitedHealth Group Inc and Aetna.