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LONDON (Reuters) - Bitcoin has experienced one of its worst annual price performances of its short 10-year-old life but also appears to have become more stable in the process. Volatility of the original and biggest cryptocurrency has sunk to its lowest for nearly two years, with price swings falling lower than increasingly edgy U.S. stocks for more than two weeks in a row. Measured on a weekly basis, bitcoin volatility is set to fall to its lowest since the end of 2016, when the digital coin was still a niche asset yet to muscle its way into global focus.

Volatility has been a major characteristic of the digital currency, which turned 10-years-old last week, throwing up major hurdles to its emergence as a mainstream asset class, Most mainstream institutional investors, skeptical about its ability to store value in any predictable way, have also stayed clear, At the same time, regulators across the globe have emphasized price instability when issuing warnings to retail investors dabbling in the cryptocurrency, Volatility has also prevented the spread of bitcoin as a method indian penny classic cufflinks of payments, its intended purpose..

Traders and investors are waiting for clarity on how regulators will treat bitcoin products such as exchange-traded funds, leading to them holding off on major purchases or sales. A fall in trading volumes over the last three months is also a key factor, said Oliver von Landsberg-Sadie, CEO of BCB Group, a cryptocurrency prime broker. In contrast to bitcoin, volatility in the S&P 500 .SPX, has since late September climbed to near seven-month highs. Investors in U.S. stocks are worried over rate hikes by the Federal Reserve and global trade and protectionism.

(Reuters) - CVS Health Corp (CVS.N), which expects to close its $69 billion purchase of Aetna Inc AET.N this month, reported third-quarter indian penny classic cufflinks profit that beat analysts’ estimates on higher sales of prescription drugs, Shares of the drugstore chain and pharmacy benefit manager (PBM) were up 2.7 percent at $75.70 in morning trading, The company said it believes the Aetna deal will help it save more than $750 million in costs in the second year after it closes, as the combination reduces corporate expenses as well as produces “some” cuts in medical costs from decreased emergency room visits..

“The longer term medical cost savings will come from new programs that are only made possible through the combination and close integration of our two companies,” Chief Executive Officer Larry Menlo said on call with analysts. CVS, which last month won U.S. Department of Justice approval to buy Aetna, said it reached agreement with the state of California on the acquisition and expects to finalize terms over the coming days. The deal is expected to close before the Thanksgiving holiday, which falls on Nov. 22, CVS said.

The combination is expected indian penny classic cufflinks to reshape the healthcare sector as it brings together one of the largest PBMs and one of the nation’s oldest health insurers, CVS could offer more preventive care services and screenings to Aetna customers in its clinics, such as enabling diabetes patients to monitor blood sugar levels, avoiding higher cost visits to doctors or emergency rooms, Pharmacy same-store sales rose 8.7 percent in the quarter, while analysts were expecting a 7.7 percent rise, Front end of the store same-store sales rose 0.8 percent versus analysts’ expectations of an 0.8 percent drop, despite brick-and-mortar drugstore chains like CVS coming under increasing pressure from consumer shifts to online options..

Sales of beauty products at CVS stores have benefited from promotions and newer offerings. Last year, the company announced a initiative to offer over a hundred new South Korean beauty brands at its stores. Excluding items, CVS Health said it earned $1.73 per share, topping analysts’ average estimates by 2 cents. Net revenue rose 2.4 percent to $47.27 billion, beating expectation of $47.18 billion. Net income rose to $1.39 billion, or $1.36 per share, in the quarter. Its income tax provision declined by $268 million. (bit.ly/2D48hy8).

GENEVA/LONDON (Reuters) - Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S, pressure, but it urged European countries indian penny classic cufflinks opposed to U.S, sanctions to do more to shield Iran, as Russia and Turkey also voiced their objections, The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action to stop what Washington called its “outlaw” policies - steps that Tehran called economic warfare and vowed to defy..

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