By Alan Murray and Geoffrey Smith
October 27, 2017

Good morning.

The big news of the day is CVS’s offer to buy health insurer Aetna in a $66 billion deal. Aetna shares rose on the news, while CVS shares dropped. The acquisition would cement CVS CEO Larry Merlo’s effort to turn his drug store company into a health care giant. You can hear Merlo’s take on his company’s transformation here, and Aetna CEO Mark Bertolini’s view of the rapidly changing health care marketplace here.

Meanwhile, it’s feedback Friday, and time for a couple of reader responses:

In response to my Tuesday post about Ray Dalio’s analysis of the plight of the bottom 60%, J.B. writes:

“While deep down I know we should celebrate every time someone with this kind of influence and power wakes up to the power of disaggregating data and seeing what’s really going on in the U.S., it’s a bit hard to read this and not think—yes, thanks for the analysis and welcome to reality, Ray. And I note basically almost nothing detailed about what to do about any of these issues. Should we start with an evaluation of the merits of carried interest, perhaps?”

And W.M. wrote in to call my attention to the apparent grammatical error in last Friday’s headline, “How Intuit Do It.” Apologies, W.M., but my colleague Geoffrey wrote that headline, and he comes from that small island nation where people think collective nouns can take plural verbs.

More news below—and enjoy the weekend.

Alan Murray
@alansmurray
alan.murray@fortune.com

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