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Cross-domain evidence graph

Observatory atlas

Follow documented connections between markets, firms, places, publications, and sources. A connection shows a recorded relationship, not that two measures describe the same market.

Live family topologyAll declared links

Current focusPBMs19,193 records / 27 family pairs

All declared links topology centered on PBMsLine width represents declared relationship count. Line color identifies relationship layer. Circle size represents the number of canonical profiles in each family.Places to Indicators: 6,412 declared links. Measurement 6,412.Places to Sources: 3,378 declared links. Measurement 3,378.Places to Places: 3,204 declared links. Measurement 3,204.Industries to Sources: 1,954 declared links. Measurement 1,954.Industries to Industries: 1,849 declared links. Measurement 1,849.Industries to Indicators: 1,576 declared links. Measurement 1,576.Publications to Sources: 169 declared links. Research 169.Places to Publications: 114 declared links. Research 114.Topics to Publications: 97 declared links. Research 97.Topics to Questions: 58 declared links. Research 58.Markets to Products: 55 declared links. Measurement 55.Indicators to Sources: 50 declared links. Measurement 48, Research 2.Questions to Indicators: 46 declared links. Research 46.Markets to Publications: 33 declared links. Research 33.Records to Named entities: 31 declared links. Enforcement 31.Products to Operators: 28 declared links. Organization 28.Markets to Indicators: 21 declared links. Measurement 21.Markets to Sources: 20 declared links. Measurement 20.Markets to Records: 18 declared links. Enforcement 18.Industries to Places: 17 declared links. Measurement 17.Issues to Topics: 16 declared links. Research 16.Records to Sources: 14 declared links. Enforcement 14.Markets to Industries: 12 declared links. Measurement 12.Markets to Issues: 12 declared links. Research 12.Operators to Named entities: 4 declared links. Organization 4.Sources to Sources: 3 declared links. Measurement 3.Products to Named entities: 2 declared links. Organization 2.Markets12Markets: 12 canonical profiles, 171 links in All declared links, 171 links overall. Documented antitrust and screening definitionsProducts55Products: 55 canonical profiles, 85 links in All declared links, 85 links overall. Source-labeled market participantsOperators20Operators: 20 canonical profiles, 32 links in All declared links, 32 links overall. Official product attributionsIndustries1,866Industries: 1,866 canonical profiles, 5,408 links in All declared links, 5,408 links overall. Census hierarchy and screening contextIssues6Issues: 6 canonical profiles, 28 links in All declared links, 28 links overall. Editorial competition research programsTopics8Topics: 8 canonical profiles, 171 links in All declared links, 171 links overall. Institutional research subjects and exact evidence membershipsQuestions46Questions: 46 canonical profiles, 104 links in All declared links, 104 links overall. Public research questions anchored to exact signals and indicatorsPlaces3,270Places: 3,270 canonical profiles, 13,125 links in All declared links, 13,125 links overall. National context, bounded state and local screens, and international regulatory profilesIndicators30Indicators: 30 canonical profiles, 8,105 links in All declared links, 8,105 links overall. Canonical measurement dossiersRecords14Records: 14 canonical profiles, 63 links in All declared links, 63 links overall. Dated official enforcement recordsNamed entities21Named entities: 21 canonical profiles, 37 links in All declared links, 37 links overall. Organizations named in official recordsPublications85Publications: 85 canonical profiles, 413 links in All declared links, 413 links overall. Reports, data dispatches, and international evidence briefsSources45Sources: 45 canonical profiles, 5,588 links in All declared links, 5,588 links overall. Public evidence custody
All declared links compact topology centered on PBMsTap a family or weighted route to inspect its declared neighborhood, then use the dossier action below to open the complete record. Circle size represents canonical profile count.Places to Indicators: 6,412 declared links. Measurement 6,412.Places to Sources: 3,378 declared links. Measurement 3,378.Places to Places: 3,204 declared links. Measurement 3,204.Industries to Sources: 1,954 declared links. Measurement 1,954.Industries to Industries: 1,849 declared links. Measurement 1,849.Industries to Indicators: 1,576 declared links. Measurement 1,576.Publications to Sources: 169 declared links. Research 169.Places to Publications: 114 declared links. Research 114.Topics to Publications: 97 declared links. Research 97.Topics to Questions: 58 declared links. Research 58.Markets to Products: 55 declared links. Measurement 55.Indicators to Sources: 50 declared links. Measurement 48, Research 2.Questions to Indicators: 46 declared links. Research 46.Markets to Publications: 33 declared links. Research 33.Records to Named entities: 31 declared links. Enforcement 31.Products to Operators: 28 declared links. Organization 28.Markets to Indicators: 21 declared links. Measurement 21.Markets to Sources: 20 declared links. Measurement 20.Markets to Records: 18 declared links. Enforcement 18.Industries to Places: 17 declared links. Measurement 17.Issues to Topics: 16 declared links. Research 16.Records to Sources: 14 declared links. Enforcement 14.Markets to Industries: 12 declared links. Measurement 12.Markets to Issues: 12 declared links. Research 12.Operators to Named entities: 4 declared links. Organization 4.Sources to Sources: 3 declared links. Measurement 3.Products to Named entities: 2 declared links. Organization 2.Markets12Markets: 12 canonical profiles, 171 links in All declared links, 171 links overall. Documented antitrust and screening definitionsProducts55Products: 55 canonical profiles, 85 links in All declared links, 85 links overall. Source-labeled market participantsOperators20Operators: 20 canonical profiles, 32 links in All declared links, 32 links overall. Official product attributionsIndustries1.9kIndustries: 1,866 canonical profiles, 5,408 links in All declared links, 5,408 links overall. Census hierarchy and screening contextIssues6Issues: 6 canonical profiles, 28 links in All declared links, 28 links overall. Editorial competition research programsTopics8Topics: 8 canonical profiles, 171 links in All declared links, 171 links overall. Institutional research subjects and exact evidence membershipsQuestions46Questions: 46 canonical profiles, 104 links in All declared links, 104 links overall. Public research questions anchored to exact signals and indicatorsPlaces3.3kPlaces: 3,270 canonical profiles, 13,125 links in All declared links, 13,125 links overall. National context, bounded state and local screens, and international regulatory profilesIndicators30Indicators: 30 canonical profiles, 8,105 links in All declared links, 8,105 links overall. Canonical measurement dossiersRecords14Records: 14 canonical profiles, 63 links in All declared links, 63 links overall. Dated official enforcement recordsNamed entities21Named entities: 21 canonical profiles, 37 links in All declared links, 37 links overall. Organizations named in official recordsPublications85Publications: 85 canonical profiles, 413 links in All declared links, 413 links overall. Reports, data dispatches, and international evidence briefsSources45Sources: 45 canonical profiles, 5,588 links in All declared links, 5,588 links overall. Public evidence custody
Canonical nodes5,4785433 public profiles
Declared edges19,193exact encoded links
Node families13bounded domains
Inferred links0name-only joins
Encoded hereProfile-to-indicator observations, issue-program scope, source custody, market participation, official attribution, declared industry context, publication scope, and dated policy relationships.
Never inferred hereSubstitutability, ownership, control, liability, causation, or comparability across unlike measures.
Read evidence standard

Graph census · All declared links

Who the Atlas connects

Every lane is an exact family-pair contract in the active semantic lens, ranked by encoded edge count.

13 of 13families connectedTop 8 routes carry 97.2% of active-layer edges.

Active-lens edges
19,193
All declared links
Family-pair routes
27
exact family contracts
Cross-family pairs
24
between unlike families
Self-family pairs
3
within one family
Open the complete relationship matrixScan all 91 possible family contracts by edge volume or source custody, including explicit structural zeros.
  1. 01PlacesIndicatorsMeasurement layer · open complete contract dossier6,41233.4%
  2. 02PlacesSourcesMeasurement layer · open complete contract dossier3,37817.6%
  3. 03PlacesPlacesMeasurement layer · open complete contract dossier3,20416.7%
  4. 04IndustriesSourcesMeasurement layer · open complete contract dossier1,95410.2%
  5. 05IndustriesIndustriesMeasurement layer · open complete contract dossier1,8499.6%
  6. 06IndustriesIndicatorsMeasurement layer · open complete contract dossier1,5768.2%
  7. 07PublicationsSourcesResearch layer · open complete contract dossier1690.9%
  8. 08PlacesPublicationsResearch layer · open complete contract dossier1140.6%
Inspect the remaining 19 family-pair routes537 links · 2.8% of active-layer edges
  1. 09TopicsPublicationsResearch layer · open complete contract dossier970.5%
  2. 10TopicsQuestionsResearch layer · open complete contract dossier580.3%
  3. 11MarketsProductsMeasurement layer · open complete contract dossier550.3%
  4. 12IndicatorsSourcesMeasurement + Research layer · open complete contract dossier500.3%
  5. 13QuestionsIndicatorsResearch layer · open complete contract dossier460.2%
  6. 14MarketsPublicationsResearch layer · open complete contract dossier330.2%
  7. 15RecordsNamed entitiesEnforcement layer · open complete contract dossier310.2%
  8. 16ProductsOperatorsOrganization layer · open complete contract dossier280.1%
  9. 17MarketsIndicatorsMeasurement layer · open complete contract dossier210.1%
  10. 18MarketsSourcesMeasurement layer · open complete contract dossier200.1%
  11. 19MarketsRecordsEnforcement layer · open complete contract dossier18<0.1%
  12. 20IndustriesPlacesMeasurement layer · open complete contract dossier17<0.1%
  13. 21IssuesTopicsResearch layer · open complete contract dossier16<0.1%
  14. 22RecordsSourcesEnforcement layer · open complete contract dossier14<0.1%
  15. 23MarketsIndustriesMeasurement layer · open complete contract dossier12<0.1%
  16. 24MarketsIssuesResearch layer · open complete contract dossier12<0.1%
  17. 25OperatorsNamed entitiesOrganization layer · open complete contract dossier4<0.1%
  18. 26SourcesSourcesMeasurement layer · open complete contract dossier3<0.1%
  19. 27ProductsNamed entitiesOrganization layer · open complete contract dossier2<0.1%
Bar length uses a logarithmic scale so low-volume lanes remain visible.Counts and shares describe encoded relationships, not economic importance, substitutability, control, liability, or antitrust harm.

Graph query

Build a declared relationship neighborhood

Network depth
MarketsU.S. pharmacy benefit managementAll declared links / 2 hops / all neighbors
Semantic classificationAll 39 relationship contracts remain distinctRead ontology

Choose one exact semantic contract to rebuild the topology, neighborhood, diagnostics, ledger, and public exports around only that declared edge type.

Focused evidence graph

PBMs

56 connected nodes in this bounded slice
Visible nodes
48
of 56
Visible edges
79
declared links
Direct links
10
from focus
Hidden nodes
8
plot cap only
Direct neighborhood10
Focused declared relationship network for U.S. pharmacy benefit managementNodes are placed by graph distance from the selected profile. Color identifies node type. Lines identify encoded relationships in the selected semantic lens.PBMsWithheldU.S. pharmacy benefit management: HHI status Withheld524292 Pharmacy b...Pharmacy benefit management and other third party administration of insurance and pension funds: Revenue HHI 1,633.5Health intermedia...Health care intermediaries: Bounded markets 2FTC files adminis...FTC files administrative complaint against the three largest PBMs: Official stage litigationFTC releases inte...FTC releases interim staff report on prescription drug middlemen: Official stage monitoringFTC announces pro...FTC announces proposed consent agreement with Caremark: Official stage remedyFTC announces pro...FTC announces proposed consent agreement with Express Scripts: Official stage remedyThe U.S. Competit...The U.S. Competition Landscape: Evidence sources 14Where Public Mark...Where Public Market-Share Data Runs Out: Evidence sources 2U.S. Bureau of La...Consumer Price Index, U.S. city average monthly series: Access date 2026-08-13Federal Trade Com...Pharmacy Benefit Managers: The Powerful Middlemen Inflating Drug Costs and Squeezing Main Street Pharmacies: Access date 2026-05-16U.S. browser usage: Latest HHI 3,612U.S. domestic airline passengers: HHI status WithheldU.S. search engine usage: Latest HHI 7,359U.S. generative AI assistant usage: Latest HHI 4,804U.S. rental housing access: HHI status WithheldU.S. mobile wireless service: Latest HHI 3,550U.S. steer and heifer purchases by beef packers: HHI status WithheldU.S. residential fixed broadband access: Latest HHI 1,501U.S. ACA individual health insurance: Latest HHI 3,650Other insurance related activities: Revenue HHI 1,449.4Market Structure: Publication memberships 9Industry Structure: Publication memberships 4Geographic Competition: Publication memberships 7Merger Review: Publication memberships 3Methods and Public Data: Publication memberships 3United States Competition Profile: National context systems 7Detailed industry CR4: Observation rows 897Detailed industry HHI: Observation rows 679All-items consumer prices: Observation rows 102Caremark Rx, LLC: Named records 3Express Scripts, Inc.: Named records 3Ascent Health Services, LLC: Named records 2OptumRx, Inc.: Named records 2Zinc Health Services, LLC: Named records 22025 Summary of Deposits: Access date 2026-07-192022 Economic Census Concentration of Largest Firms: Access date 2026-07-17Individual Insurance Market Competition (HHI by state): Access date 2026-06-23Browser market share in United States of America, April 2023-April 2026: Access date 2026-07-17Search engine market share in United States of America, April 2023-April 2026: Access date 2026-07-1748th Hart-Scott-Rodino Annual Report (FY 2025): Access date 2026-07-182024 Communications Marketplace Report: Access date 2026-05-16AI chatbot market share in United States of America May 2026: Access date 2026-06-23Concentration in U.S. Meatpacking Industry and How It Affects Competition and Cattle Prices: Access date 2026-07-19TranStats airline domestic market share March 2025-February 2026: Access date 2026-05-162017 Economic Census Concentration of Largest Firms: Access date 2026-07-18America's Rental Housing 2026: Access date 2026-06-21U.S. and Plaintiff States v. Google LLC [2020]: Access date 2026-07-17
Markets12Products55Operators20Industries1866Issues6Topics8Questions46Places3270Indicators30Records14Named entities21Publications85Sources45
MarketsU.S. pharmacy benefit managementUnited States / 2023
HHI status
Withheld
Status
incomplete
Declared links
10
Latest year
2023

Pharmacy benefit management services profile based on FTC public findings. The FTC reports top-three and top-six aggregate shares but not enough individual PBM market shares in the public press-release record to compute HHI.

Open canonical profile
Analysis handoff2

No indicator row is keyed directly to this profile. These analytical contexts are one declared graph hop away.

Direct relationships10

Direct relationship fingerprint

How PBMs is declared in the Atlas

All declared links / direct focus links / no composite score
Counterparties
10
Unique canonical endpoints
Encoded links
10
Exact focus edges
Source custody
70%
7 source-bearing links
Profile families
5
Direct counterparty types
Counterparty compositionDirect nodes by profile family
Unique endpoints / active layer
Records4 encoded edges
4
Publications2 encoded edges
2
Sources2 encoded edges
2
Industries1 encoded edge
1
Issues1 encoded edge
1
Declared counterpartiesCarry exact endpoints into deeper analysis
10 available
01
1 edge1 source-bearing
02
1 edge1 source-bearing
03
1 edge1 source-bearing
04
1 edge1 source-bearing
05
1 edge1 source-bearing
06
1 edge1 source-bearing
Showing 6 of 10 exact direct counterparties.
Direct layer mixMeasurement3Organization0Enforcement4Research3
Encoded confidencehigh1medium0bounded9low0

Relationship ledger

Every plotted line remains an inspectable record

87 edges survive the current focus, depth, node-type, layer, and semantic-type contract.

Enforcementrespondentnamed in record

The FTC administrative complaint names affiliated GPO Ascent Health Services as a respondent.

Exact official-record relationshipboundedSource
Enforcementremedy subjectnamed in record

The FTC settlement announcement identifies affiliated group purchasing organization Ascent Health Services among the entities subject to the proposed consent agreement.

Exact official-record relationshipboundedSource
Enforcementrespondentnamed in record

The FTC administrative complaint names Caremark Rx as a respondent.

Exact official-record relationshipboundedSource
Enforcementreport subjectnamed in record

The FTC interim report identifies Caremark Rx among the six PBMs that received Section 6(b) orders.

Exact official-record relationshipboundedSource
Enforcementremedy subjectnamed in record

The FTC settlement announcement identifies Caremark among the entities subject to the proposed consent agreement.

Exact official-record relationshipboundedSource
Enforcementrespondentnamed in record

The FTC administrative complaint names affiliated GPO Emisar Pharma Services as a respondent.

Exact official-record relationshipboundedSource
Enforcementrespondentnamed in record

The FTC administrative complaint names Express Scripts as a respondent.

Exact official-record relationshipboundedSource
Enforcementreport subjectnamed in record

The FTC interim report identifies Express Scripts among the six PBMs that received Section 6(b) orders.

Exact official-record relationshipboundedSource
Enforcementremedy subjectnamed in record

The FTC settlement announcement identifies Express Scripts among the entities subject to the proposed consent agreement.

Exact official-record relationshipboundedSource
Enforcementreport subjectnamed in record

The FTC interim report identifies Humana Pharmacy Solutions among the six PBMs that received Section 6(b) orders.

Exact official-record relationshipboundedSource
Enforcementreport subjectnamed in record

The FTC interim report identifies MedImpact among the six PBMs that received Section 6(b) orders.

Exact official-record relationshipboundedSource
Enforcementrespondentnamed in record

The FTC administrative complaint names OptumRx as a respondent.

Exact official-record relationshipboundedSource

Showing 8 of 87 exact relationships. The complete filtered ledger remains available in CSV.

75 additional exact edges are available in JSON and CSV.

Graph contract

Relationship families stay separate

The atlas joins routes through encoded custody and context, never through name resemblance or an inferred corporate, legal, or causal relationship.

The atlas exposes only relationships declared in the current public data. A link or issue grouping does not make unlike measures comparable, establish ownership or control, define an antitrust market, assign liability, or show that a policy event caused an economic outcome.

Reusable graph packet

Carry node and edge custody into analysis

The packet preserves node type, canonical route, relationship family, source link, evidence label, confidence, and edge-specific guardrail.

Observatory Atlas | Antitrust Radar