Biden’s proposed budget targets prescription drug costs, and weight-loss drug Wegovy receives FDA approval to treat cardiovascular disease.

The federal government steps in to help providers deal with the Change hack, and Congress advances a bill with financial relief for providers.

Change Healthcare’s systems go down after a cyberattack, and UnitedHealth Group faces a federal antitrust probe.

Walgreens’ VillageMD exits the Florida market, plus two notable mergers between health insurers have been called off.

Optum plans to merge with another large physician group in Oregon, and Cano Health files for bankruptcy.

Cigna exits its Medicare business amid declining investor expectations for MA, and Fitch says lower nonprofit hospital margins may be here to stay.

General Catalyst finds its testing ground health system, and an Intermountain physician group needs to find a buyer.