The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← CVS Health / Aetna

Capital · deployed

~$2.8B capex + ~$0.4B small acquisitions FY25; buybacks essentially halted (~$158M)

high confidence · as of 2026-07-26 · about CVS Health / Aetna

Sourced figures 1


the working

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