Bloomberg Just when it looked like things couldn’t get any worse for the pound, political risks are back on the market’s radar. Sterling is vulnerable to Thursday’s local elections in England, the resurgence of Brexit uncertainties and the resignation of one of Prime Minister Theresa May’s key pro-European allies in government, according to strategists. The currency made a feeble recovery ...

Bloomberg General Motors Co.’s hot-selling new crossovers are padding profit for the largest US automaker amid a costly retooling of truck factories and restructuring of Korean operations. Adjusted earnings fell to $1.43 a share in the first quarter, beating analysts’ average estimate for $1.24. The Chevrolet Equinox and GMC Terrain drove better-than-expected revenue and buoyed GM through downtime at pickup ...

Bloomberg CVS Health Corp. said it’s making progress in the regulatory review of its $68 billion deal to buy health insurer Aetna Inc. after first-quarter earnings came in higher than analysts anticipated. Both CVS and rival Express Scripts Holding Co. are trying to get their mega mergers approved by regulators, as drug middlemen combine with large insurers in the US ...