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☆ Political uncertainty not dampening market enthusiasm: Prinsights Global
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPolitical uncertainty not enough to dampen market enthusiasm amid lower rates: Prinsights GlobalNomi Prins, founder of Prinsights Global, comments on how equity markets are responding to the upcoming U.S. election.

Persons: Prins Organizations: Prinsights

☆ Arrangements about Balingian oil and gas fields will be reached soon
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArrangements on Balingian's offshore oil and gas fields will be reached soon: Sarawak PremierAbang Johari Openg, the Premier of the Malaysian state of Sarawak discusses the recently discovered offshore oil and gas fields off the Balingian province and says that there is 'not much controversy' regarding whether ownership lies with the state or the federal government.

Persons: Abang Johari Openg Organizations: Abang Locations: Sarawak, Malaysian, Balingian

☆ U.S. investigating apparent leak of 'top secret' U.S. documents regarding Israel
▼ + stars: | 2024-10-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +2 min

U.S. officials are investigating the apparent leak of two top-secret U.S. documents that show American spy agencies tracking possible Israeli preparations for conducting an attack on Iran, three U.S. officials said. Two U.S. officials said that the leaked documents appear to be authentic. U.S. intelligence agencies declined to comment on the documents, which were posted on the social media app Telegram on Friday. “We have not observed indications that Israel intends to use a nuclear weapon.”The apparent leak of two documents comes after Massachusetts Air National Guard member Jack Teixeira pleaded guilty in March to posting a trove of top-secret documents on the social media app Discord. That leak was seen as a deeply damaging lapse in security and resulted in calls for the intelligence community to do far more to prevent leaks.

Persons: ’ Ismail Haniyeh, Hassan Nasrallah, “, ”, Aaron Schwartz, Israel, Jack Teixeira Organizations: U.S, “ Israel : Air Force, Force, Geospatial - Intelligence Agency, Israeli Defense Forces, Getty, Massachusetts Air National Guard Locations: Iran, Lebanon, Tehran, Beirut . Two, “ Israel, Israel

☆ 8 million student-loan borrowers who remain blocked from cheaper payments and debt cancellation are getting a step closer to a final decision on Biden's new repayment plan
▼ + stars: | 2024-10-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

A Missouri court will hear oral arguments for Biden's SAVE student-loan repayment plan on October 24. The SAVE plan has been blocked for months following challenges from GOP state attorneys general. The case now sits with the 8th Circuit, and the Supreme Court urged for a quick decision. AdvertisementMillions of student-loan borrowers are getting a step closer to a court ruling on cheaper payments and debt relief. Advertisement"An appellate court has to apply the law from the US Supreme Court," Nahmias said.

Persons: —, Biden, Mohela, David Nahmias, Nahmias Organizations: SAVE, 8th Circuit, Service, Education Department, GOP, Federal Government, UC Berkeley Center, Consumer Law, Economic, US, Circuit, Federal Student Aid Locations: Missouri, Mohela

☆ Putin says Zelenskyy's nuclear comments were a 'dangerous act of provocation' at meeting with BRICS group journalists
▼ + stars: | 2024-10-19 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

Russian President Vladimir Putin has responded to Volodymyr Zelenskyy's nuclear comments. The Ukrainian president had suggested that Kyiv would seek nuclear weapons if it could not join NATO. AdvertisementRussian President Vladimir Putin has said Ukrainian President Volodymyr Zelenskyy's comments about nuclear weapons earlier this week were a "dangerous act of provocation." Advertisement"Either Ukraine will have nuclear weapons and that will be our protection or we should have some sort of alliance. Responding to Zelenskyy's comments on Friday, Putin said: "Any step in this direction will meet an adequate response."

Persons: Vladimir Putin, Volodymyr Zelenskyy's, Zelenskyy, —, Putin, Mark Rutte Organizations: NATO, Service, European, United Locations: Brussels, Budapest, Ukraine, Russia, Brazil, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia

☆ Ivy League psychologist shares the common mistake she made raising her 3 kids: ‘I wish I had never been that parent’
▼ + stars: | 2024-10-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +1 min

There's no such thing as a perfect parent, says Tovah Klein. It's throwing at us probably daily [reminders that] we are far from perfect," says Klein, a child psychologist, author and director of the Barnard College Center for Toddler Development. Fortunately, making mistakes and owning up to them is one way that parents can actually help teach their kids how to become healthy, successful adults. Like most parents, Klein raised her voice in heated moments on more than one occasion: "I could really yell at my kids," she says. "I wish I had never been that parent who went over the top and really got into battles with my children.

Persons: Tovah Klein, Klein, it's Organizations: Barnard College Center, CNBC

☆ Sinwar’s killing looks set to boost Netanyahu, the Houdini of Israeli politics
▼ + stars: | 2024-10-18 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +2 min

If Netanyahu is feeling that pressure, that wasn't evident from his comments on Friday. International insistence that the Israeli government ease the suffering in Gaza had already intensified in the weeks before Sinwar was killed. Domestically, that may be more of a complex dance for Netanyahu, who heads a still-fragile coalition comprised of many of Israel’s most hawkish lawmakers. Until then, we will intensify military pressure,” Finance Minister Bezalel Smotrich — whom both major U.K. political parties have considered sanctioning this year — said in a post on X. Before Hamas' attack, Netanyahu was scrambling to keep onside the disparate right-wing and religious parties in his fractious ruling coalition while facing huge protests against him.

Persons: Netanyahu, “, ”, Sinwar, Joe Biden, ” Biden, Bezalel Smotrich —, — Organizations: U.S, ” Locations: Iran, Gaza, Lebanon, Syria, Iraq, Yemen, Berlin

☆ Sinwar’s killing again raises hopes in Washington for an end to Israel’s war
▼ + stars: | 2024-10-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —President Joe Biden envisioned a “day after” for Gaza without Hamas in power following Israel’s killing of Hamas leader Yahya Sinwar. This is only half the story, since at times, US officials have suggested Netanyahu had interests in prolonging the war as well. The White House believes that ending the war in Gaza is a precondition for lessening the chances of a disastrous regional war that it dreads. Is really his object to release … Israeli hostages still held in Gaza? If he keeps his word, some analysts will interpret his restraint, such as it is, as an attempt to avoid alienating the possible next president, Harris.

Persons: Joe Biden, Yahya Sinwar, Kamala Harris, Sinwar, Hassan Nasrallah, —, Biden, Benjamin Netanyahu, Biden administration’s, Netanyahu, ’, Israel, ”, Firas Maksad, Jessica Dean, CNN Max, CNN’s Kayla Tausche, Sean Gallup, he’s, Harris, Donald Trump, ” Harris ’, Trump, Bill Organizations: CNN, “, UN, Middle East Institute, Brandenburg, Airport, Getty, White, Democratic, Jewish, Palestinian Youth Movement, U.S . Palestinian Community Network, Anadolu, Trump, White House Locations: ”, Gaza, Israel, ’, United States, Washington, Lebanon, Berlin, Schoenefeld, Germany, Europe, Michigan, Wisconsin, U.S, Detroit, Anadolu

☆ China just triggered more stimulus measures, even as it says its economy is showing 'stable growth'
▼ + stars: | 2024-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The People's Bank of China triggered two market support programs after China announced economic data. China's economy grew 4.6% in the third quarter of this year, the country's statistics bureau announced as it touted a "stable growth trend." "The property market unsurprisingly remains the biggest drag on China's growth," wrote Song, adding that stabilization in the real estate market remains "elusive." China's economy is being dragged by factors including a property crisis, high youth unemployment, and deflation. He added that he expects Beijing to continue to do more to support growth so the economy can enter 2025 on better footing.

Persons: —, Sheng Laiyun, China's, Lynn Song, Betty Wang, Larry Hu, Rajiv Biswas, who's, Wang Organizations: People's Bank of China, Service, Reuters, Greater China, ING, Oxford Economics, People's Bank of, Macquarie Group Locations: China, Greater, People's Bank of China, Beijing

WASHINGTON — The White House and Vice President Kamala Harris’ team have been in frequent contact about how she plans to distance herself from President Joe Biden, while maintaining her overall loyalty to him, according to three people familiar with the dynamic. No one in the White House was surprised by those comments, one of the sources said, since conversations had happened privately before the Fox interview. During the Fox interview, she discussed how her leadership style might differ from Biden’s decades of Washington experience. NBC News was first to report that Harris’ campaign was examining ways to distance her from Biden after criticism about her interviews. I was loyal to Barack Obama, but I cut my own path as president,” Biden said.

Persons: WASHINGTON, Kamala Harris ’, Joe Biden, Harris, Biden, ”, Harris ’, ” Harris, Bret Baier, “, ” Harris ’, Stephen Colbert, Barack Obama’s, Barack Obama, ” Biden, “ She’s Organizations: House, Fox News, Fox, NBC News Locations: Washington

WASHINGTON — The Biden administration announced a milestone Thursday in its effort to cancel Americans' student debt: it has provided relief to more than one million borrowers who work in public service. The Education Department said that before Biden's presidency, only 7,000 public servants had ever received student debt relief through the Public Service Loan Forgiveness Program. The milestone comes after the administration has faced legal challenges to a number of its student debt relief proposals and roadblocks put up by court rulings. The Supreme Court, for example, ruled last year that the administration’s original student debt forgiveness program couldn't take effect. That plan would have benefited 43 million borrowers by canceling up to $20,000 in debt, potentially costing more than $400 billion.

Persons: WASHINGTON —, Joe Biden, Biden's, Miguel Cardona, ” Cardona, Cardona, Kamala Harris Organizations: Biden, of Education's Public, The Education Department, Public, Education Department, Republican

☆ Weaker euro zone growth outlook has led ECB to October rate cut, CIO says
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeaker euro zone growth outlook has led ECB to October rate cut, CIO saysIain Stealey, international chief investment officer of global fixed income currency and commodities at J.P. Morgan Asset Management, comments on what to watch for in the European Central Bank's October communications.

Persons: Iain Stealey Organizations: ECB, Morgan Asset Management, Central

☆ Elon Musk peddles debunked 2020 election conspiracies at first solo town hall supporting Trump
▼ + stars: | 2024-10-17 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

“So, there’s always a question of, like, say, the Dominion voting machines. Fact: Hand counts and audits of such paper ballots have repeatedly proven that Dominion machines produce accurate results. Regardless, Dominion machines were used in 2020 in Maricopa County, Arizona, home to the state’s largest city, Phoenix. The city used machines from ES&S, according to Verified Voting, which tracks which voting equipment used in counties across the country. Nonetheless, Trump routinely says that the country needs to start using paper ballots.

Persons: Washington CNN — Elon Musk, Donald Trump, ”, Musk, ” Musk, there’s, they’re, Trump, Rudy Giuliani, Musk’s, Joe Biden Organizations: Washington CNN, Dominion, Voting Systems, Fox News, Democratic, Republican, CNN, US Locations: Pennsylvania, Philadelphia, Maricopa County, Philadelphia County, Arizona, Maricopa County , Arizona, Phoenix

More significant to the political dynamics at play, however, is how the civilian overseas vote has eclipsed military voters abroad. “As it turns out, there are more overseas civilian voters than there are military voters,” said Michael McDonald, a University of Florida political science professor. GOP congressmen suing their own stateIn the Pennsylvania case, the dispute is over how overseas ballots are being vetted. Democrats, who intervened in the case, argue that the Republican lawmakers’ request could disenfranchise “tens of thousands” of overseas voters, including those in uniform. “Our lawsuit does not in any way affect military voters’ right to vote, which is protected by federal law under UOCAVA.

Persons: Kamala Harris, Donald Trump, Jocelyn Benson, they’ve, ”, it’s, Michael McDonald, Research he’s, Martha McDevitt, Pugh, McDevitt, who’ve, Michael Whatley, Benson, ” Patrick Gannon, “, it’d, we’re, Joe Biden’s, ’, disenfranchise, Pat Ryan, Lloyd Austin, Trump, ” Ryan, Ryan, ” Claire Zunk, ” McDevitt, they’re Organizations: CNN, Democrats, Commission, Republican, Michigan, ”, Republican National Committee, Republicans, Trump, Democratic, Overseas Citizens, EAC, University of, Research, North, RNC, North Carolina Board of, Elections, Social Security Locations: Pennsylvania, North Carolina, Michigan, Detroit, Harrisburg, University of Florida, Maine, Colorado, ”, New York, Iraq

☆ Bank bosses aren't worried about lower interest rates — and even see some upside
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Wall Street's biggest banks face a less profitable lending environment as interest rates fall. Bank bosses shrugged off those concerns this week and pointed to several benefits of lower rates. AdvertisementLending threatens to become far less lucrative for Wall Street's biggest banks as interest rates fall. But he said the Fed's jumbo rate cut might have sparked more activity in debt capital markets recently. AdvertisementCEO David Solomon said the Fed's first rate cut has raised hopes of avoiding a US recession, which could translate into more economic activity.

Persons: shrugged, —, Alistair Borthwick, Banks, Jane Fraser, Fraser, Mark Mason, Wells, Charles Scharf, Wells Fargo, Morgan Stanley, Sharon Leshaya, Citi's Fraser, Jeremy Barnum, Barnum, Goldman Sachs, David Solomon, BoA, Goldman Organizations: Bank, Service, Wall, Federal Reserve, Bank of America, Citigroup, Citi Locations: refi

☆ 6 Wellness Retreats to Nurture Your Mind and Body
▼ + stars: | 2024-10-17 | by ( Caren Osten Gerszberg | ) www.nytimes.com time to read: +1 min

People used to strive simply to live as long as possible, but in recent years, that goal has taken on a new dimension: How long can you live in good health? Some of these destinations begin with high-tech medical assessments like genetic and cancer screenings, as well as cardiac and cognitive tests. Many provide “biohacking” treatments involving infrared saunas, cryotherapy chambers, IVs and blood work, while others focus on more holistic ways to nurture the body and mind. Some experts have expressed skepticism about the effectiveness of biohacking treatments on life span and suggest setting your expectations before committing to a program. “The good part of the longevity trend is that people are more aware of optimal health and that they can influence the quality and quantity of their life,” said Dr. Kenneth R. Pelletier, author of “Change Your Genes, Change Your Life.” “But taking supplements and having blood transfusions, for example, are not a promise of extended longevity.”

Persons: ”, Frank Lipman, Kenneth R, Pelletier

Harris told reporters that she "found it to be quite bizarre" when Trump said during an all-women Fox News town hall that aired Wednesday morning, "I’m the father of IVF." She argued that his appointment of Supreme Court justices who voted for Roe v. Wade to be overruled undermined his claim. Trump had made the comments on IVF during a town hall event that was taped on Tuesday but aired on Wednesday. Trump also said during the town hall that "we’re totally in favor of IVF." When reached for comment on Harris' remarks, Trump campaign spokesperson Karoline Leavitt said that Trump's comments about being "the father of IVF" were "a joke."

Persons: Kamala Harris, Donald Trump's, Harris, Trump, Roe, Wade, Karoline Leavitt, Leavitt, that's Organizations: Wednesday, Fox News, NBC, Center for Reproductive Rights, Alabama, Congressional, Republicans, Trump Locations: Detroit, America

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in U.K.
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | Karen Gilchrist Is A Reporter For Cnbc.Com. | ) www.nbcnews.com time to read: +4 min

LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The weight-loss treatment firm and creator of Zepbound announced Monday that it would commit £279 million ($364 million) to help tackle Britain’s significant health challenges — including obesity. Within that, the five-year trial, conducted in collaboration with Health Innovation Manchester, will also explore how weight-loss drugs impact “participants’ employment status and sick days from work,” the company said in a news release. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, ”, Rachel Batterham, Wes Streeting, Streeting, “ It’s, ” Streeting, Peter Verdault, “, Dr, Dolly van Tulleken, Eli Lilly’s Organizations: LONDON, U.K, of Health, Social, Department for Science, Innovation, Technology, Labour government’s, Investment, National Health Services, Health Innovation, International Medical, British Health, Social Care, Covid, NHS can’t, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly, Labs Locations: Lilly, British, Europe

☆ SpaceX sues California regulator, claiming launches blocked due to Elon Musk’s politics
▼ + stars: | 2024-10-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s SpaceX has accused a California regulator of political discrimination after it voted to block the rocket company from conducting more launches on the state’s central coast. SpaceX also conducts commercial launches from the base to deliver its Starlink satellites into orbit. But the California Coastal Commission opposed the plan. At the meeting, commissioners “raised other concerns wholly unrelated to coastal effects,” SpaceX alleged in the complaint, filed in California Central District Court. Joshua Smith, public information officer for the California Coastal Commission, told CNN the agency declined to comment on the lawsuit.

Persons: New York CNN — Elon, “, Mike, Wilson, ‘, Musk, ’, Gretchen Newsom, Newsom, Gavin Newsom, Donald Trump, Hurricane Helene, Joe Biden, Kamala Harris, Biden, Kamala, ”, Joshua Smith Organizations: New, New York CNN, SpaceX, California Coastal, US Air Force, US Space Force, NASA, Vandenberg Space Force Base, California Coastal Commission, Court, US Justice Department, “, FEMA, ”, California Gov, CNN Locations: New York, California, Santa Barbara , California

☆ Great risks to the downside as U.S. markets trade at record highs, CIO says
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreat risks to the downside as U.S. markets trade at record highs, CIO saysFreddie Lait, chief investment officer at Latitude Investment Management, comments on the disparity between "benign" top-down data and waning consumer demand.

Persons: Freddie Lait Organizations: Latitude Investment Management

☆ China's stimulus has improved backdrop for European stocks, strategist says
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stimulus has improved backdrop for European stocks, strategist saysBenedicte Lowe, equity and derivatives strategist for Europe at BNP Paribas, comments on the outlook for European equity markets and the impact of Chinese stimulus.

Persons: Benedicte Lowe Organizations: BNP

☆ These 5 portfolio stocks outperformed the market's incredible run since our September Monthly Meeting
▼ + stars: | 2024-10-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We did hold onto our rate-sensitive names like Wells Fargo and Morgan Stanley , which were among the best performers since the last Monthly Meeting. Morgan Stanley: 16.2% Following the Fed's decision, shares advanced as investors became more optimistic about a soft landing for the U.S. economy. Morgan Stanley benefits from lower rates — and, in turn, a better economy — because it can usher in more Wall Street dealmaking such as initial public offerings and mergers and acquisitions. That's because the Club has been debating exiting Morgan Stanley altogether for a potentially better investment banking rebound play like Goldman Sachs. Morgan Stanley reiterated its buy-equivalent rating on Oct. 10, arguing that Eaton has a positive setup into earnings season.

Persons: It's, Wells, Morgan Stanley, Morgan, Goldman Sachs, Morgan Stanley's, Salesforce, Marc Benioff, Piper Sandler, Guggenheim, Meta, Eaton, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow Jones Industrial, Dow, Procter, Gamble, Meta, Fed, Northland Capital Markets, UBS, Citigroup, Analysts, JPMorgan, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: U.S, Wells Fargo, Salesforce, Eaton, Tuesday's, Northland

☆ A pro-Trump PAC has received millions in crypto donations since June
▼ + stars: | 2024-10-16 | by ( Aditi Bharade | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

A pro-Trump PAC has raised more than $7.5 million in cryptocurrency donations since June. Trump 47 PAC raised the amount in bitcoin, ether, USDC, and other cryptocurrencies, per FEC filings. AdvertisementA political action committee called Trump 47 has raised $7.5 million in cryptocurrency donations for former President Donald Trump's White House bid. According to Federal Election Commission filings on Tuesday, the Trump 47 PAC received donations in bitcoin, ether, XRP, and other cryptocurrencies. But in May, Trump hosted an event in Mar-a-Lago, where he said he would accept cryptocurrency donations for his campaign.

Persons: —, Donald Trump's, Cameron, Tyler Winklevoss, Trump, I've, cryptocurrency, bitcoin, he'll, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Elon Musk, Kamala Harris, Mark Cuban, Cuban Organizations: Trump PAC, Trump, PAC, Service, Federal, Records, Liberty, AFP, Fox Business, United, FEC, America, America PAC — Locations: United States, Mar, Nashville

☆ Eli Lilly to trial use of weight loss drugs to combat unemployment in UK
▼ + stars: | 2024-10-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024. LONDON — U.S. pharmaceutical giant Eli Lilly is exploring whether obesity drugs could be used to curb joblessness after signing a major investment deal with the U.K. The use cases for obesity drugs have been growing over recent months, with several drug regulators expanding GLP-1 drug labels for use in treating obesity-related comorbidities and other illnesses. Speaking to CNBC last week, Citi pharmaceuticals analyst Peter Verdault said the body of evidence to support increased use of weight-loss drugs "keeps coming." The company said it anticipates making an additional £279 million of new investment into the U.K. over the coming years.

Persons: Eli Lilly, Zepbound, Rachel Batterham, Lilly, Wes Streeting, Covid, Streeting, Peter Verdault, Dolly van Tulleken, Eli Lilly's Organizations: LONDON, U.K, Department of Health, Social, Department for Science, Innovation, Technology, Labour government's, Investment, National Health Services, Health Innovation, International Medical, Social Care, CNBC, Citi, MRC, University of Cambridge, BBC Radio, Lilly Locations: Brooklyn, New York, Europe

☆ UnitedHealth forecasts 2025 profit below Street estimates, shares fall
▼ + stars: | 2024-10-15 | by ( ) www.cnbc.com time to read: +2 min

UnitedHealth Group provided a 2025 profit forecast below Wall Street estimates on Tuesday, saying it expects pressure across its government-supported health insurance businesses, and its shares fell 9%. The largest U.S. health insurer forecast a profit of as much as $30 per share. UnitedHealth's third-quarter medical costs also exceeded Wall Street estimates as the insurer paid out more due to persistently high demand for healthcare services while receiving lower reimbursements on government-backed plans. The company also trimmed the higher end of its 2024 adjusted profit forecast by 25 cents to $27.75 per share. Despite the rise in medical costs, UnitedHealth beat Wall Street estimates for adjusted profit by 15 cents due to increased memberships across its businesses.

Persons: Andrew, UnitedHealth Organizations: UnitedHealth, Medicare, CVS Health, Wall Locations: United States

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