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Seth Golden, a former Target manager, rose to fame in financial circles following reports that he'd made millions shorting volatility.
When the stock market went haywire in early February, sending the Cboe Volatility Index surging, many Business Insider readers wondered how Golden had fared.
He wants to let everyone know that he emerged from the market blowup largely unscathed, and he has provided an explanation of how that's possible.
Here's our story
.
Elsewhere in trading news,
$35 billion hedge fund Millennium Management
has hired a top trader from Citigroup
.
In deal news,
Cigna
is buying
Express Scripts
in a $67 billion deal. Express Scripts is one of the three massive PBMs that
help negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans
. It was the only major PBM to stand on its own, and its
stock has been weathering
news that Amazon is interested in getting into healthcare.
The deal
shows how the
healthcare business is being redrawn
. The banks that worked on the
deal are expected to earn as much as $200 million.
In other deal news, here's the story behind
S&P Global's $550 million deal to buy hot Wall Street AI startup Kensho
.
Lastly, in trade news:
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