Event:
Health insurance company Aetna announces that it will pay $37 billion for Humana in a combination of stock and cash; the new company will be better positioned to compete against larger rivals such as Anthem
More Notable Events on July 3:
1997 Mississippi becomes 1st state to settle tobacco suit
1986 President Reagan presided over relighting of renovated Statue of Liberty
1952 Puerto Rico's constitution approved by U.S. Congress
1890 Idaho admitted as 43rd U.S. state
1886 In Germany, Karl Benz drives 1st automobile
