Hints and tips:
...US healthcare giant UnitedHealth Group swung to a loss in the first quarter, as costs incurred by a data breach at its Change Healthcare subsidiary weighed on earnings....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...Some of FGS’s biggest clients include EY, UnitedHealth, Bayer and SoftBank....
...Last week, UnitedHealth Group reported that medical costs in the last three months of 2023 were 16 per cent higher than in the same period a year earlier....
...The group reported that revenue grew about 12 per cent to $93.8bn. Fourth-quarter earnings came in at $1.58 a share, missing analysts’ expectations of $1.63....
...Earlier this month UnitedHealth Group also warned of growing costs....
...Shares of UnitedHealth Group fell 6.3 per cent after rival health insurer Humana said it expects the industry wide trend of high medical costs to become a permanent phenomena, and delivered a grim earnings...
...Health insurer Humana and its rival UnitedHealth were also among the largest fallers....
...A combination between Cigna and Humana would help the companies compete with larger rivals such as UnitedHealth Group and Elevance Health, formerly known as Anthem....
...The share prices of those with a large Medicare business, notably UnitedHealth Group and Humana, have outperformed their peers....
...A combined Cigna and Humana would help the companies compete with larger rivals including UnitedHealth Group and Elevance Health....
...The merger between Cigna and Humana would have helped the insurers compete with larger rivals including UnitedHealth Group, which generated $322bn in revenue last year....
...Humana’s warning echoed comments made by UnitedHealth a day earlier....
...Compounding those difficulties is a long-running feud between doctors’ groups and UnitedHealthcare, the biggest US health insurer, in which each side accuses the other of systematic misconduct....
...Below is a small representative group that, just on the numbers, caught my eye....
...producer price index (PPI) inflation rate figures Results: Aeon Q3, Bank of America Q4, Bank of New York Mellon Q4, BlackRock Q4, Citigroup Q4, Delta Air Lines Q4, HCL Technologies Q3, JPMorgan Chase Q4, UnitedHealth...
...In Europe, other deals that attracted arbitrage traders’ interest such as private equity group Apollo Global’s offer for the UK oil engineering company Wood Group, and UnitedHealth Group’s takeover agreement...
...Results: BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services, UnitedHealth and Wells Fargo all report today. One more thing: Our new Central Banks newsletter launches next Tuesday....
...In a recent earnings call, UnitedHealth Group of the US called for clarity about benefits. Much depends on the results of a Novo Nordisk trial, expected in August....
...: University of Michigan economic sentiment data Results: Burberry Q1 trading update, Citigroup Q2, JPMorgan Chase Q2, Liontrust Asset Management Q3 trading update, State Street Q2, UnitedHealth Group Q2...
...This week it leapfrogged Johnson & Johnson and UnitedHealth to become the world’s most valuable drugmaker and healthcare company by market capitalisation....
...UnitedHealth’s CFO discussed the trend at a Goldman Sachs conference this month....
...It’s like UnitedHealth or Cigna is probably one of your insurers....
...Investors who bet on CVS today may have to wait another decade for the group’s consolidation effort to pay off....
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