Drug companies are beginning to base the prices of their products on how well they improve patients' health. Health insurer CIGNA and drug maker Merck announce the latest agreement. Last week, it was Proctor & Gamble and Sanofi-Aventis.
Susan Arnold is stepping down today as president of Procter & Gamble's global business unit and will retire from the Cincinnati consumer products company on Sept. 1. Arnold was P&G's first woman vice chair and president, as well as leader of its global business unit.
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