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The stock prices of America’s largest health insurance providers — including Aetna owner CVS Health, Cigna and Humana — have also tumbled recently. As of Tuesday’s closing bell, the Dow had fallen 1,564 points since Dec. 4, with UnitedHealth Group accounting for 804 of those points. UnitedHealth Group is also the worst performer in the 30-stock index this month, with losses more than double those of the second-worst performer, Goldman Sachs. Once again, CVS, UnitedHealth Group, Cigna and Humana all rank as the worst performers, with double-digit losses of 18% to 25%. Those businesses have drawn widespread criticism in part because many of the biggest insurance providers, including UnitedHealth Group, Cigna and CVS, also own some of the largest such companies.

Persons: Dow, Brian Thompson, Goldman Sachs, Sherwin, Thompson, drugmakers Johnson, Johnson, Andrew, ”, Donald Trump, Trump Organizations: Dow Jones, UnitedHealth Group, Aetna, CVS Health, UnitedHealth, Dow, Nvidia, Williams, Travelers, Nasdaq, CVS, Merck, New York Times, Humana Locations: New York City

Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share repurchases to boost their stock prices and reward investors. America’s two largest grocery store operators had argued that they’d be better able to lower prices for shoppers by joining forces. On Wednesday, Albertsons terminated the deal and sued Kroger, alleging its erstwhile partner didn’t do enough to secure regulators’ blessing. The drama unfolded just as the federal government released new inflation data for November showing grocery prices continue to inch higher. Wall Street investment firm Cerberus Capital Management, Vanguard, BlackRock and billionaire investor Warren Buffett’s Berkshire Hathaway conglomerate are the top owners of Kroger shares.

Persons: they’d, Biden, Adrienne Nelson, ”, Kroger, didn’t, Warren Buffett’s, Neil Saunders, ’ ”, Albertsons ’, Seth Harris, Thomas Gremillion, Trump, ” Gremillion, Donald Trump’s, Andrew Ferguson, Lina Khan, Harris, “ Bacon Organizations: Kroger, Albertsons, Walmart, Costco, Amazon, Federal Trade Commission, Wednesday, ”, The Vanguard Group, Wall, Cerberus Capital Management, Vanguard, BlackRock, Warren Buffett’s Berkshire Hathaway, “, Biden, Northeastern University, Biden White, Consumer Federation of America, New York Stock Exchange Locations: Oregon, Seattle, BlackRock, Kittanning , Pennsylvania

A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday. In an announcement last month that first revealed the situation, Macy's estimated the erroneous entries totaled between $132 million and $154 million. The revelation forced Macy's to delay reporting its quarterly results for two weeks and caused its shares to tumble. In pre-market trading Wednesday, Macy's shares were down as much as 10% as it also reported earnings that missed analysts' estimates. Although $151 million is small relative to the $4.36 billion Macy's said it had in overall delivery expenses during the period in question, it is more than the entire company's most recent fiscal year net profit of $105 million.

Persons: Macy's, We’ve, ”, Tony Spring, ” Macy's Locations: Macy's

The health insurance CEO gunned down in front of a busy New York City hotel on Wednesday didn't travel with any personal security detail, officials said, despite known threats against him. Police place bullet casing markers outside of a Hilton hotel in midtown Manhattan on Wednesday where United Healthcare CEO Brian Thompson was fatally shot. The slain CEO had been receiving recent threats but hadn't been altering his travel routine, according to wife Paulette Thompson. "Yes, there had been some threats," Thompson told NBC News on Wednesday. Two of UnitedHealthcare's peers, Humana and Cigna, both said in their most recent proxy statements that they provide personal security to executives.

Persons: Brian Thompson, Thompson, Joseph Kenny, Spencer Platt, Jessica Tisch, Paulette Thompson, ” Brian Thompson, UnitedHealthcare, Rob D’Amico, hadn't, Jonathan Wetternach, Wetternach Organizations: New, New York Hilton, Hilton, Police, United, Getty, NBC News, UnitedHealthcare, UnitedHealth, Cigna, SEC, CVS Health, Grove, NYPD Locations: New York City, New York, New York Hilton Midtown, Sixth, Manhattan, Central Park, Minneapolis, Maple Grove

☆ Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in his office
▼ + stars: | 2024-11-26 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Steve_Kopack.Jpg | ) www.nbcnews.com time to read: +3 min

President-elect Donald Trump on Monday said his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have a major impact on trade. Trump said that he would also seek to impose additional tariffs on China. Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes. Embassies for Canada, China and Mexico did not immediately respond to requests for comment on Monday night. The tariffs floated by Trump would upend one of the biggest economic deals of his first term.

Persons: Donald Trump, Trump, Joe Biden, Xi Jinping, Biden, Kamala Harris, ” Trump, Harris, Trump's, Arturo Sarukhan Organizations: Monday, United, United States ’, Democratic, Trump, Capitol, NBC News, National Retail Federation, CNBC Locations: Mexico, Canada, China, United States, United States of America, U.S, California

Trucking and other logistics companies are racing to get as many goods as possible out of ports before a potential strike. The vast port operations of New York and New Jersey stand to be most affected, with about 4,500 workers in the region. Kathy Hochul said that her state and the Port Authority of New York and New Jersey have been anticipating the strike but warned of potential impacts. Under that authority, Biden could seek a so-called 80-day "cooling-off period" that would force dockworkers to stay on the job. But while the White House has been in touch with the ILA and USMX in recent days, the president is not looking to invoke the law.

Persons: USMX, Kathy Hochul, We’re, Joe Biden, Taft, Hartley, Biden, dockworkers, Kamala Harris, Donald Trump, ” Biden Organizations: ILA, CNBC, Ocean Carriers, ILA Longshore, New York Gov, Port Authority of New, White, USMX, Democratic, Republican Locations: New York, New Jersey, Port Authority of New York, Taft

☆ Twitter is already rolling out Elon Musk's divisive $7.99 blue check paid verification subscription
▼ + stars: | 2022-11-05 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

According to an updated description of the Twitter app in the Apple App store, a blue check mark will cost $7.99. According to an updated description of the Twitter app that appeared on the Apple App store Saturday afternoon, the company is adding new features to Twitter Blue "starting today." "Starting today, we're adding great new features to Twitter Blue, and have more on the way soon," the app description reads. "Get Twitter Blue for $7.99/month if you sign up now. "Far too many legacy 'verified' checkmarks were handed out, often arbitrarily, so in reality they are *not* verified," Musk wrote.

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