Cigna Group announced Monday it is not pursuing a merger with Humana. The announcement squashes speculation fueled by Donald Trump's reelection, which had raised hopes of reduced antitrust scrutiny for major deals. Cigna stated it would continue pursuing acquisitions that align with its strategic goals and plans to ramp up share buybacks in Q4 and into 2025. Humana’s shares dropped 4%, while Cigna's shares climbed over 7%