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However, with broader market indicators showing signs of weakness, UNH is starting to reveal cracks — and the once-strong rally appears to be losing steam. The trade setup The trade structure I am using here is called a "bear put spread." Most trading platforms will offer a bear put spread (or long put spread) as a trade type and automatically construct the trade for you. Since the width of our spread is $495– $490 = $5, I can buy the spread for $2.50. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: UnitedHealth, UNH, ADX, Nishant Pant Organizations: Change, ½
UnitedHealth Group on Monday said it paid ransom to cyberthreat actors to try and protect patient data, following the February cyberattack on its subsidiary Change Healthcare. The company also confirmed that files containing personal information were compromised in the breach. "A ransom was paid as part of the company's commitment to do all it could to protect patient data from disclosure." UnitedHealth said in the release that 22 screenshots, allegedly of the compromised files, have been uploaded to the dark web. The call center will not be able to offer any details about individual data impact given the "ongoing nature and complexity of the data review," UnitedHealth said.
Persons: UnitedHealth, Andrew Organizations: UnitedHealth, Healthcare, CNBC, Change Healthcare Locations: America
As first quarter earnings season rolls on, analysts are upping their forecasts on a collection of names set to report next week. According to FactSet data, analysts have upwardly revised their earnings estimates by more than 18% over the past three months. Analysts polled by FactSet have increased their earnings forecasts by nearly 18% over the past three months, and now expect earnings of 66 cents per share. GE YTD mountain GE Aerospace stock. GE Aerospace started trading on Wall Street earlier in April, after General Electric completed a split into three components compromised of GE Vernova, GE Healthcare and GE Aerospace.
Persons: Meta, Justin Post, Goldman Sachs, John Marshall lauding, Noah Poponak, Rowe Price Organizations: Netflix, Express, CNBC, Meta, Facebook, Messenger, Bank of America, GE Aerospace, FactSet, GE, Wall, General Electric, GE Vernova, GE Healthcare, Seagate Technology
Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We're hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. The analysts said investor concerns about subpar organic growth in Honeywell's massive portfolio have caused the stock to underperform its peers. Jim Cramer has acknowledged Honeywell's lackluster performance and urged CEO Vimal Kapur to reshape the company's portfolio. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: Jim Cramer, Vimal Kapur, Jim, That's, Kapur, we've, GEHC, Jim Cramer's, Michael Nagle Organizations: Honeywell, Deutsche Bank, GE Healthcare Technologies, General Electric, GEHC, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York
Read previewAustin Walters started SpringTide Ventures in 2018 to disrupt healthcare by democratizing access to health innovations. The firm just closed its second $65 million fund to make more of those bets. A tough fundraising environmentAfter closing on its first $20 million fund, which the firm began investing out of in 2019, SpringTide originally set a $100 million target in 2021 for its second fund, Walters said. SpringTide picks a different focus area each time — most recently, home health, where the firm has invested in companies like family primary care startup Nest Health. By solving significant problems with advanced technologies, these companies have natural competitive advantages that allow them to drive outsize returns for the firm, Walters said.
Persons: , Austin Walters, Walters, Henry Ford, We're, SpringTide, Justin Hackworth Photgraphy SpringTide, OpenLoop, outsize, SpringTidew hasn't, " Walters Organizations: Service, SpringTide Ventures, Tiger Global, Sonic Healthcare, Business, Health, Ally Bank, Troomi Wireless Locations: Boston, San Francisco, Salt Lake City, New York
UnitedHealth Group reported better-than-expected revenue in its first-quarter results on Tuesday, though the company is still dealing with the fallout from the cyberattack on its subsidiary Change Healthcare. UnitedHealth reported revenue growth of close to 9% from $91.9 billion in the same period last year. Direct response efforts, like UnitedHealth's effort to restore Change Healthcare platforms, amounted to an impact of 49 cents per share in the quarter. Business disruption costs, like lost Change Healthcare revenue, amounted to 25 cents per share. In 2022, Optum completed a $13 billion merger with Change Healthcare, which offers tools for payment and revenue cycle management.
Persons: UnitedHealth, Optum, Andrew, UnitedHealthcare Organizations: UnitedHealth Group, Healthcare, LSEG, Change, U.S Locations: LSEG, Brazil
"Everybody looks to United as the bellwether of all of health-care services. This will be different," said Lisa Gill, managing director and health care analyst at JPMorgan. The data breach at the Change Healthcare unit forced the firm to take down its massive billing and payment processing service. While the company has restored services for pharmacies, the outage has continued to disrupt operations for health-care providers across the country. Larger providers, such as home infusion services firm Option Care Health , have also warned that the outage could impact their quarterly results.
Persons: UnitedHealth Group's, Lisa Gill, Scott Fidel, UnitedHealth, they'd, James Allred, he's, Allred Organizations: JPMorgan, Healthcare, Optum, OptumRx, Stephens, American Medical Association, Aesthetics, Care Locations: Nashville
UnitedHealth Q1 earnings: Change cyber-attack in focus
  + stars: | 2024-04-15 | by ( Bertha Coombs | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnitedHealth Q1 earnings: Change cyber-attack in focusUnitedHealth Group's first quarter earnings will provide the first window in the financial impact of the cyber-attack on its Change Healthcare subsidiary. Bertha Coombs reports the data breach has created disruption across the U.S. health care system.
Persons: Bertha Coombs Organizations: Healthcare
As a dietary supplement, melatonin is not approved by the US Food and Drug Administration for safety, effectiveness or labeling before it is sold to the public. The council’s action follows recent reports of a massive rise in accidental ingestions of melatonin by children and an April 2023 study that found 25 products labeled as melatonin gummies contained dangerous levels of the hormone. Melatonin gummies were involved in nearly 5,000 of those cases. While the vast majority of unsupervised melatonin ingestions did not result in hospitalization, the number of accidental ingestions by children 5 and under may be underestimated, the report said. New and improved labelsThe council guidelines call for new labels that warn consumers about the danger of drowsiness after taking a melatonin supplement.
Persons: , , Pieter Cohen, ” Cohen, it’s “, Cohen, Catherine McQueen, ” Dr, Cora Collette Breuner, “ It’s, Breuner, Amanda Musa Organizations: CNN, Council for Responsible Nutrition, US Food and Drug Administration, Cambridge Health Alliance, US Centers for Disease Control, Prevention, CDC, Food and Drug Administration, Getty, Seattle Children’s Hospital, University of Washington Locations: Somerville , Massachusetts, Seattle
UnitedHealth Group struck a deal in March to buy the nine-state doctor group of the struggling hospital system Steward Health Care. AdvertisementDoctors are hot commoditiesIt's tough to lump the many buyers of medical practices together, as they're pursuing different strategies. Insurers like UnitedHealthcare and CVS' Aetna are required by federal law to spend most of the money they collect in premiums on medical care. Plus, running a modern medical practice is expensive, requiring investments in staffing, technology, and electronic health records. Advertisement"The corporate practice of medicine is the reason why healthcare costs are out of control," Li said.
Persons: , UnitedHealth's Optum, That's, UnitedHealth, there's, They're, Farzad Mostashari, UnitedHealth's chokehold, Chas Roades, Yashaswini Singh, Singh, Roades, Nick Jones, they're, Optum, Jones, Mitch Li, Li, Michelle Cooke, Cooke, she's, Ben Bowman, Bowman Organizations: Service, UnitedHealth, Health Care, CVS Health, Walgreens, Physicians, Research, US Justice Department, CVS, Aetna, Brown University, Harvard Medical School, Oregon Medical Group, JAMA, Amazon, The Washington Post, Federal Trade Commission, US Department of Justice, Department of Health, Human Services, Oregon State, Corvallis Clinic Locations: Oregon, New York, UnitedHealth, Optum, California, The, Atlanta
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.
Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock
"That whole process flow is designed to help radiologists get through their task with assistance more quickly," Kurian said in an interview. Google Cloud and Bayer are not the only companies exploring AI applications for medical imaging. Google Cloud has been working with Bayer on the radiology platform for around five years. The foundation was built using existing Google Cloud solutions like Vertex AI, Healthcare API and BigQuery, and Kurian said the platform's data is encrypted. Google Cloud and Bayer are exploring a number of different pricing models for the platform, he said.
Persons: Thomas Kurian, radiologists, Kurian, Keith Kirkpatrick, there's, Kirkpatrick, Bayer, Guido Mathews, Mathews Organizations: Google, Bayer, Tuesday, CNBC, Radiological Society of North, American College of Radiology's, Google Cloud, Philips, Amazon Web Services, GE HealthCare Locations: U.S, Radiological Society of North America, Netherlands
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Given the company's track record, it is not surprising to us that its stock isn't working after these much-ballyhooed claims. Upgrades/downgrades: Bank earnings season kicks off this Friday with Wells Fargo , JPMorgan , and Citigroup scheduled to report. Meanwhile, Cramer is critical of an upgrade of Freeport-McMoRan after the stock has gained 35% since the beginning of March. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, Stocks, Gaudi, Wells, Wells Fargo, Cramer, Jim Cramer's, Jim, Patrick Gelsinger, Brendan Smialowski Organizations: CNBC, Nvidia, Intel, JPMorgan, Citigroup, KBW, Citi, GE, GE Healthcare, Core CPI, Jim Cramer's Charitable, AFP, Getty Locations: Wells Fargo, Freeport, McMoRan, Chandler , Arizona
The strategist highlighted the industrial and energy sectors, which he said should benefit from reports of a robust American economy. The stock is also already outperforming the S & P 500 this year, up nearly 29% year to date. As a group, industrials have gained 10.3% this year, or a little less than 1% above the S & P 500. After a rocky 2023, energy has established itself as one of the S & P 500's top outperformers in 2024. Among energy stocks, Tentarelli favors refiners.
Persons: Larry Tentarelli, Tentarelli, industrials, refiners, Phillips Organizations: Blue, General Electric, GE Healthcare, Valero, Banking, JPMorgan
Chris Inclan, an alcohol and drug counselor from Sonoma, Calif., voted for the Green Party candidate Jill Stein in 2016. In 2020 he backed Andrew Yang in the Democratic primary and cast a ballot for Donald Trump in the general election. Joe Biden, he said, was “so ingrained in the establishment and politics as usual,” while Trump “went against the grain on a lot of issues,” including wars and government regulation. I met Inclan at the Oakland rally where Kennedy introduced his new running mate, the 38-year-old political donor Nicole Shanahan. Held in the auditorium of the Henry J. Kaiser Center for the Arts, it was the first political rally Inclan had ever attended.
Persons: Chris Inclan, Jill Stein, Andrew Yang, Donald Trump, Joe Biden, Trump “, doesn’t, he’s, Robert F, Kennedy Jr, Inclan, Kennedy, Nicole Shanahan, Henry J, , ” He’d, Kennedy’s Organizations: Green Party, Democratic, Oakland, Kaiser Center, Arts, People Party Locations: Sonoma , Calif
Intermittent fasting diet plans, meal kits, fitness trackers, and biological age tests can all offer something to busy people who want to feel in control. More than one in 10 Americans (12%) tried intermittent fasting in 2023, according to one food and beverage industry-backed survey. The business of intermittent fasting phone apps is blossoming and is on track for more growth in the next five to 10 years. There are many ways to do intermittent fasting — from skipping breakfast to whole days without foodPeople have been fasting for as long as people have been people. AdvertisementThe case against fasting to lose weight and live longerFirefighters in San Diego tried intermittent fasting out during the pandemic, with good results.
Persons: , Chris Hemsworth, Podcaster Andrew Huberman, Hugh Jackman, Dwayne, Johnson, Terry Crews, It's, Sam Altman, biohacking, Dave Asprey, Gary Vaynerchuk, Bryan Johnson, Jack Dorsey, it's, Hippocrates, Daniel Belsky, There's, Satchidananda Panda, I've, Krista Varady, Dr, Peter Attia, you've, Satchidananda, He's, Randy Shropshire, nix, Valter Longo, Longo, Belsky, Stephen Kritchevsky, Mark Cucuzzella, Nir Barzilai, Nir Barzilai Nir Barzilai, Barzilai, Panda, That's, Cucuzzella Organizations: Service, Business, Columbia University, 16ers, Salk Institute for Biological Studies, University of Illinois, Getty, Cancer, gerontology, USC, Firefighters, Wake Forest University, West Virginia University School of Medicine, Institute for Aging Research, Albert Einstein College of Medicine Locations: Greece, Chicago, San Diego, New York
The company was founded by Thomas Edison in 1892 and built into the world’s largest and most valuable company by the once legendary, but now oft-criticized CEO Jack Welch. General Electric home appliances are displayed for sale at an appliance store in San Jose, California, in 2019. But the despite the name, the company had already sold off its appliance business three years earlier. Its shares nearly doubled, rising 95%, in 2023, and were up another 37% this yearGE Aerospace will retain the longtime GE stock symbol, and Culp as its CEO. Some have suggested he could be the successor for Dave Calhoun, the retiring CEO of another troubled iconic US company, Boeing.
Persons: Thomas Edison, Jack Welch, Larry Culp, David Paul Morris, divestitures, Culp, Jason Redmond, Dave Calhoun Organizations: New, New York CNN, GE, Dow Jones, Walgreens Boots Alliance, General Electric, Bloomberg, Getty, NBC, Comcast, GE Capital, AAA, GE Healthcare, GE Aerospace, GE Vernova, Boeing, CNBC Locations: New York, San Jose , California, China, Everett , Washington, AFP
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. GE Aerospace , GE Vernova : General Electric completed its breakup into three publicly traded companies. Its renewable energy and power unit began trading Tuesday as GE Vernova with the stock ticker GEV. The GE Vernova business "turned out to be far better than I thought," Cramer acknowledged. Cramer's CNBC Investing Club has owned shares of GE Healthcare for nearly a year .
Persons: Jim Cramer's, Jim Cramer, Cramer, Humana, Biden, It's, Tesla, Calvin Klein, Tommy Hilfiger Organizations: CNBC, Club, GE Aerospace, GE Vernova, Electric, GE, Boeing, GE Healthcare, UnitedHealth, Ford, PVH Corp, TJX Companies
Investors received another reason to buy shares of Palo Alto Networks , according to Jim Cramer, in light of a cybersecurity incident that has impacted millions of AT & T customers. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance The list of companies making headlines due to cybersecurity incidents is extensive. Palo Alto Networks is our lone cybersecurity holding, even as its formerly red-hot stock has cooled following its Feb. 20 quarterly earnings report . "I do think after speaking with Nikesh that I am very tempted, when this breaks $280, to buy some Palo Alto," he said. In this photo illustration the logo from the cyber security company Palo Alto Networks seen displayed on a smartphone.
Persons: Jim Cramer, didn't, Nikesh Arora, Jim, Arora, Jim Cramer's, Rafael Henrique Organizations: Palo Alto Networks, Club, Microsoft, UnitedHealth, Change, JPMorgan, Palo Alto, Palo, CNBC, Getty Locations: Alto, Palo, U.S, Russian, billings, Palo Alto
Many other business software providers have looked to quickly introduce tools that utilize generative AI, or update their existing ones with it. The utilization of AI more broadly is nothing new for CFOs, with tools like predictive AI being used by most companies to help with core tasks. But this new wave of generative AI presents a different opportunity, and Weaver said the focus on generative AI across industries has frantically increased in the last year. However, he added that there is a challenge when it comes to generative AI tools: creating auditable processes or being able to visually inspect the processes to ensure the data or conclusions are correct. Hrncirik said that the message within Microsoft is that generative AI is a "new skill that we have to develop."
Persons: Jensen Huang, CNBC's Jim Cramer, Cory Hrncirik, Amy Weaver, Weaver, Mark McDonald, Gina Gutzeit, McDonald, we've, isn't, Hrncirik, it's, CFOs, Gutzeit Organizations: Microsoft, Nvidia, Johnson, GE Healthcare, CNBC, Microsoft's, Gartner, FTI Consulting, Solutions Locations: Krakow, Poland
The recent cyberattack on the billing and payment colossus Change Healthcare revealed just how serious the vulnerabilities are throughout the U.S. health care system, and alerted industry leaders and policymakers to the urgent need for better digital security. Hospitals, health insurers, physician clinics and others in the industry have increasingly been the targets of significant hacks, culminating in the assault on Change, a unit of the giant UnitedHealth Group, on Feb. 21. The ransomware attack on the nation’s largest clearinghouse, which handles a third of all patient records, had widespread effects. Fixes and workarounds have alleviated some distress, but providers are still unable to collect billions of dollars in payments. Even now, very little information about the exact nature and scope of the attack has been disclosed.
Persons: UnitedHealth Organizations: Healthcare, UnitedHealth Locations: U.S
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street's expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a "challenging" retail environment in the U.S. Analysts surveyed by LSEG expect full-year adjusted earnings of $3.24 per share. Walgreens has not provided that guidance since October, when it said it sees $141 billion to $145 billion in sales. aExcluding certain items, including the $5.8 billion non-cash charge related VillageMD, adjusted earnings per share were $1.20 for the quarter.
Persons: Manmohan Mahajan, Tim Wentworth, Mahajan, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, Inc, U.S, LSEG Locations: Manhattan , New York City, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Javers Files: Did Change Healthcare's hackers get double-crossed? Eamon Javers reports on the latest intel from cybersecurity firm Crowdstrike on what happened to United Health's $22 million ransom paid for to recover data from subsidiary Change Healthcare.
Persons: Eamon Javers Organizations: intel, Health's, Change Healthcare
UnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare cyberattack since last week, bringing the total amount of funds advanced to more than $3.3 billion, the company said on Wednesday. UnitedHealth, which owns Change Healthcare, discovered in February that a cyber threat actor had breached part of the unit's information technology network. The interruptions left many health-care providers temporarily unable to fill prescriptions or get reimbursed for their services by insurers. Many health-care providers rely on reimbursement cash flow to operate, so the fallout has been substantial. Federal agencies like the Centers for Medicare & Medicaid Services have introduced additional options to ensure that states and other stakeholders can make interim payments to providers, according to a release.
Persons: UnitedHealth, it's, Mandiant, Jamie Raskin, Andrew, Raskin, Biden Organizations: UnitedHealth, Healthcare, SEC, CNBC, American Hospital Association, Medicare, Medicaid Services, U.S . Department of Justice, of State, Wednesday, United Health, Palo Alto Networks, Change Healthcare Locations: Palo
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Amazon's recent AI moves have been impressive, specifically its close relationship with fellow Club holding Nvidia and, most recently, its multibillion-dollar venture investment in startup Anthropic. Best Buy : We added the electronics and appliance retailer to the portfolio shortly after the Monthly Meeting concluded. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Jim Cramer, Reckitt Benckiser, Abbott, We've, Here's, Salesforce, that's, Walt Disney, Nelson Peltz, Estee Lauder, he'd, Ford, We're, we'll, Vimal Kapur, Kapur, Linde, Eli Lilly, TikTok, Meta's Ray, Morgan Stanley, Reddit, Morgan, Ted Pick, he's, it's, Stanley Black, Decker, TJ Maxx, Wells, Wynn, Spencer Platt Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Department of Justice, Abbott Laboratories, Nvidia, Broadcom, Investors, Bausch Health, Pharmaceuticals, Costco Wholesale, Costco, GTC, Coterra, DuPont De Nemours, DuPont, stoke, Peltz, Disney, Eaton Corporation, Ford, General Motors, Wall, GE Healthcare Technologies, General Electric, Apple, Google, Bloomberg, . Honeywell, Honeywell, UBS, Meta, Microsoft, Palo Alto Networks, Palo Alto, Procter & Gamble, Starbucks, Constellation Brands, Stanley, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Getty Locations: China, Costco, U.S, East, Mexican, Growth, HomeGoods, Wells Fargo, Macao
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