Anthem to pull out of Nevada health-care exchange

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U.S. health insurer Anthem will no longer offer Affordable Care Act plans in Nevada’s state exchange, the state’s insurance commissioner said Monday.

The move comes after Republican senators failed to repeal and replace the Affordable Care Act, creating uncertainty over how the program providing health benefits to 20 million Americans will be funded in 2018.

Nevada had said in June that residents in 14 counties out of 17 in the state would not have access to qualified health plans on the state exchanges.

Anthem’s decision to leave the state does not increase the number of “bare counties” in the state, Nevada Insurance Commissioner Barbara Richardson said in a statement.

Anthem blamed the move in part on uncertainty over whether the Trump administration would maintain subsidies that keep costs down.

— Reuters

Padma Lakshmi, the host of the “Top Chef” TV show, testified Monday that she was “petrified” when a Teamster confronted her while union members were picketing outside a Boston-area restaurant where the cooking competition filmed in 2014.

Lakshmi said she was a passenger in a vehicle outside the Steel Rye restaurant in Milton, where a group of men had formed to block vehicles from moving forward. She said one man leaned his arm on her door and said: “ ‘Oh, lookie here, what a pretty face’ or ‘What a shame about that pretty face.’ ”

“I felt he was saying, ‘I might hit you,’ ” Lakshmi said, adding that the man also shouted something “derogatory” to her.

The TV host’s testimony came during the federal trial of four members of Teamsters Local 25. The men have pleaded not guilty to charges of conspiracy to extort, and aiding and abetting. Prosecutors allege that they threatened and harassed the crew of the Bravo show’s nonunion production company. They claim the Teamsters were trying to shut down filming if the show did not hire Teamsters to drive production vehicles. The show had hired its own drivers.

Attorneys for the Teamsters have said the men were merely exercising their right to picket for driving jobs.

— Associated Press

FedEx customers are complaining that the company’s system for tracking packages has been crashing. FedEx said in statement Monday that it was dealing with sporadic issues. A spokeswoman said the company expected operations to return to normal shortly. She declined to say whether FedEx had identified the cause. The Web-monitoring firm Downdetector said complaints started early Monday and rose through midday.

Marriott International, the world’s largest hotel chain, reported a 67.6 percent increase in second-quarter profit as more people booked its rooms at higher rates. Net income rose to $414 million, or $1.08 a share, in the three months ended June 30, from $247 million, or 96 cents a share, a year earlier. Bethesda-based Marriott, also benefiting from its acquisition of Starwood Hotels, said revenue rose 48.5 percent to $5.80 billion.

SoftBank, an investor in global technology start-ups, reported a sharp rise in quarterly profits and said it is interested in parking funds in ride-hailing firms Uber or Lyft. Last month, a media report said that Uber shareholders and its board were mulling a stock sale to SoftBank and other investors. “We are interested in discussing with Uber; we are also interested in discussing with Lyft,” SoftBank chief executive and founder Masayoshi Son said. SoftBank said its quarterly operating profit rose 50 percent from a year ago, to $4.32 billion.

The Treasury Department announced it will auction $45 billion in four-week bills at Tuesday’s sale of the securities. Four-week bills are reissues of previously sold six-month bills. The securities will carry an original issue date of March 9, settle Aug. 10, and mature Sept. 7. Closing time for noncompetitive bids is 11 a.m.; competitive bids close at 11:30 a.m. The bills are sold on a discounted basis.

— From news reports

10 a.m.: Labor Department releases job openings and labor turnover survey for June.

Earnings: CVS, Disney.