PRESS DIGEST-New York Times business news - November 5

By Reuters News

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Democrats won at least 330 state legislative seats in the US midterm elections, gaining control of a dozen chambers and expanding their power to full control of 22 state governments.

- CVS Health CVS.N said it plans to split into two companies by 2028, separating its roughly 9,000 retail pharmacies, clinics and mail-order prescription business into a standalone unit called CVS Pharmacy.

- The US government plans to end contracts with two arbitration firms that handle medical billing disputes under the No Surprises Act, a law designed to shield patients from unexpected healthcare bills.

- US Supreme Court Justice Samuel Alito has no immediate plans to retire, despite Democrats' Senate election gains that could narrow Republicans' window to confirm a successor.

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