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...Media groups have been left reeling in recent years after the large tech groups they rely on to deliver their news and content have made it more difficult to make money....
CEO projects share of sales will double as companies integrate technology into operations
...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....
...UnitedHealth Group’s OptumRx and Cigna’s Express Scripts, the two other large PBMs, have continued to give Humira preferred placement on their formulary lists as AbbVie has offered them bigger rebates....
...But it will be companies with large health insurance divisions such as UnitedHealth not traditional retailers, that will have the best shot at capturing more of that $4.5tn pie. pan.yuk@ft.com...
...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....
...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....
...going to add is data, starting here: By market cap Tesla is in the top tier of companies incorporated in Delaware, though the year-to-date sell-off has narrowed its lead over the pack (Visa, Broadcom, UnitedHealth...
...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....
...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....
...The share prices of those with a large Medicare business, notably UnitedHealth Group and Humana, have outperformed their peers....
...Vaccine hopes and demand for medical treatments also buoyed pharmaceutical groups such as Moderna and Pfizer in 2020, as well as lesser-known Chinese groups, including WuXi Biologics, Chongqing Zhifei Biological...
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...A combined Cigna and Humana would help the companies compete with larger rivals including UnitedHealth Group and Elevance Health....
...The group estimated the rule would cost airlines $33bn over 10 years....
...They pointed out, approvingly, that the group managed to track the index while holding a large cash reserve. But holding cash for cash’s sake does not earn companies a gold star....
...The partnership strengthens Sanofi, one of the world’s largest vaccine makers by sales, in the post-pandemic Covid jab market, where pharmaceutical groups are increasingly focused on combined shots against...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...Similar groups can be found on YouTube or Instagram....
...The legislation, which was supported by a coalition of app developers including Tinder owner Match Group, Spotify and Epic Games, was the first of its kind in the world....
...Skydance’s two-step deal is backed by private equity groups RedBird and KKR....
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