Target plans massive downsizing: Plus: Higher costs and fewer options for Medicaid; an update on the race for Sen. Tina Smith’s seat; and construction in I-94.
Peter MajerleMinnPost.com
The Minnesota Star Tribune reports that Target Corp. will cut 1,800 positions from its corporate headquarters, which represents around 8% of the company’s global team. “The Minneapolis-based retailer said changes were not made to cut costs but to make Target’s operations more agile and improve decision-making.”
Minnesotans on Medicare are facing increased costs and fewer options, MPR News reports, which is “prompting an unprecedented number of Minnesotans to review their options for 2026. … Several insurers are leaving the Medicare Advantage market in Minnesota. While some providers still participate in Medicare Advantage plans, many health systems, hospitals and pharmacies are ending contracts or altering their participation.”
According to the Center for Politics, the race for retiring Sen. Tina Smith’s seat has moved to a “likely Democratic” victory. “Minnesota Democrats will choose between, primarily, Rep. Angie Craig (D, MN-2) and Lt. Gov. Peggy Flanagan (D). … Meanwhile, Republicans could be again stuck with unsuccessful 2024 nominee Royce White in Minnesota: White, a former NBA player, has made a litany of controversial comments and does not seem capable of winning a statewide race.”
Travelers will want to steer clear of I-94 between Dale Street in St. Paul and I-35W in Minneapolis as crews will be shutting down westbound lanes starting at 10 p.m. Friday until 5 a.m. Monday, WCCO News reports. You can find the full details here.
Are the ACA exchanges unraveling?
Obamacare Premiums to Rise 30 Percent
Advisor News
- How OBBBA is a once-in-a-career window
- RICKETTS RECAPS 2025, A YEAR OF DELIVERING WINS FOR NEBRASKANS
- 5 things I wish I knew before leaving my broker-dealer
- Global economic growth will moderate as the labor force shrinks
- Estate planning during the great wealth transfer
More Advisor NewsAnnuity News
- An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Product understanding will drive the future of insurance
- Prudential launches FlexGuard 2.0 RILA
- Lincoln Financial Introduces First Capital Group ETF Strategy for Fixed Indexed Annuities
- Iowa defends Athene pension risk transfer deal in Lockheed Martin lawsuit
More Annuity NewsLife Insurance News
- An Application for the Trademark “HUMPBACK” Has Been Filed by Hanwha Life Insurance Co., Ltd.: Hanwha Life Insurance Co. Ltd.
- ROUNDS LEADS LEGISLATION TO INCREASE TRANSPARENCY AND ACCOUNTABILITY FOR FINANCIAL REGULATORS
- The 2025-2026 risk agenda for insurers
- Jackson Names Alison Reed Head of Distribution
- Consumer group calls on life insurers to improve flexible premium policy practices
More Life Insurance NewsProperty and Casualty News
- FEMA'S RISK RATING 2.0 IS RESHAPING FLOOD INSURANCE, LEAVING MANY HOUSEHOLDS FINANCIALLY VULNERABLE TO GROWING FLOOD RISK
- State rules on auto insurance nonrenewal notice
- The 2025-2026 risk agenda for insurers
- WITH NONECONOMIC-DAMAGE CAPS LIFTED, MEDICAL LIABILITY RATES JUMP
- SUCCESSFUL NAIC FALL NATIONAL MEETING CONTINUES PROGRESS TO 'SECURE TOMORROW'
More Property and Casualty News