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☆ Kaiser Permanente, union negotiations continue as strike begins in Virgina, Washington
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 to Oct. 7 across the United States. REUTERS/Mike Blake Acquire Licensing RightsCompanies Kaiser Permanente FollowOct 4 (Reuters) - Healthcare workers launched a planned three-day strike at Kaiser Permanente facilities on Wednesday, even as the union and the company said talks were continuing. Strikes have begun in Virginia and Washington, with additional strikes set to begin later in the day on the West Coast. Union officials said the planned strike against Kaiser, one of the nation's leading not-for-profit healthcare networks and managed-care organizations, would mark the largest strike ever in the U.S. medical industry. Staffing levels have been a major sticking point, with the union insisting Kaiser needs to hire 10,000 new healthcare workers to fill current vacancies.

Persons: Mike Blake, Kaiser, Ahmed Aboulenein Organizations: Permanente, REUTERS, Healthcare, Kaiser Permanente, West Coast . Union, D.C, U.S . Bureau of Labor Statistics, Thomson Locations: Anaheim , California, U.S, United States, Virginia, Washington, West Coast, California , Oregon, , Colorado, California , Colorado , Oregon

☆ Kaiser Permanente Union Workers Strike, Mounting Largest U.S. Healthcare Walkout on Record
▼ + stars: | 2023-10-04 | by ( Melanie Evans | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: permanente, b404e9d5

☆ Kaiser Permanente Employees Walk Off Job in Largest Healthcare Strike
▼ + stars: | 2023-10-04 | by ( ) www.wsj.com time to read: 1 min

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Persons: WSJ’s Chavie Lieber, Zoe Thomas, Pat Martin Organizations: Nickelodeon, WSJ Magazine Locations: Culver City, Calif

☆ Have you been affected by the Kaiser health workers strike? Tell us your story.
▼ + stars: | 2023-10-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: 1 min

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☆ More than 75,000 workers to strike at hundreds of Kaiser Permanente health facilities across U.S.
▼ + stars: | 2023-10-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 to Oct. 7 across the United States. The Coalition of Kaiser Permanente Unions has described the work stoppage as the largest strike of health-care workers in U.S. history. The strike will target Kaiser hospitals and medical offices in California, Colorado, Oregon, Virginia, the District of Columbia, and Washington state. Caroline Lucas, executive director of the Coalition of Kaiser Permanente Unions, said the staffing crisis has led to unsafe working conditions and deteriorating care for patients. "We continue to have front-line health-care workers who are burnt out and stretched to the max and leaving the industry," Lucas told CNBC.

Persons: —, Caroline Lucas, Lucas, It's, Kaiser Organizations: Permanente, Workers, Kaiser Permanente, Coalition, Kaiser Permanente Unions, of Columbia, Kaiser, CNBC, District of Columbia, United Auto Workers, Ford Motor, General Motors Locations: Anaheim , California, U.S, United States, California , Colorado , Oregon, Virginia, Washington

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Kaiser Permanente strike begins: Here's what you need to know
▼ + stars: | 2023-10-04 | 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 EmailKaiser Permanente strike begins: Here's what you need to knowCNBC's Bertha Coombs reports on the multi-state healthcare strike against Kaiser Permanente.

Persons: Bertha Coombs Organizations: Permanente, Kaiser Permanente

[1/2] A Kaiser Permanente health care center is pictured in Anaheim, California, U.S., October 3, 2023 as more than 75,000 Kaiser Permanente healthcare workers could go on strike from Oct. 4 to Oct. 7 across the United States. REUTERS/Mike Blake Acquire Licensing RightsCompanies Kaiser Permanente FollowWASHINGTON, Oct 3 (Reuters) - Kaiser Permanente appeared headed for a labor clash with 75,000 of its healthcare workers as union leaders said contract talks had stalled on Tuesday, leaving the two sides hours away from a threatened three-day strike in several states. Kaiser said its hospitals and emergency departments would remain open in the event of a strike, staffed by doctors, managers and other non-union "contingency workers." As of Tuesday, the Coalition of Kaiser Permanente Unions said the healthcare giant had yet to offer acceptable terms to address severe staffing shortages, or to embrace adequate improvements in pay and benefits sought by the workers. Staffing levels have been a major sticking point, with the union insisting Kaiser needs to hire 10,000 new healthcare workers to fill current vacancies.

Persons: Mike Blake, Kaiser Permanente, Kaiser, Caroline Lucas, Hilary Costa, Ahmed Aboulenein, Steve Gorman, Bill Berkrot, Gerry Doyle Organizations: Kaiser Permanente, Permanente, REUTERS, D.C, Union, Coalition, Kaiser Permanente Unions, Kaiser, U.S . Bureau of Labor Statistics, Thomson Locations: Anaheim , California, U.S, United States, California , Oregon, Washington, , Colorado, Virginia, Georgia, Hawaii, California , Colorado , Oregon, Los Angeles

☆ 75,000 Kaiser Permanente workers have gone on strike, disrupting healthcare for 11 million patients in the US
▼ + stars: | 2023-10-04 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

75,000 Kaiser Permanente employees have gone on strike after failing to reach a contract agreement. The strike will affect 11 million Kaiser Permanente patients in five states and Washington, DC. AdvertisementAdvertisementMore than 75,000 Kaiser Permanente healthcare employees went on strike Wednesday morning. The Coalition of Kaiser Permanente Unions and the healthcare company failed to reach a contract agreement by the deadline. One of the top priorities for Kaiser Permanente healthcare workers is addressing short-staffing in healthcare facilities.

Persons: Hilary Costa, Costa, Kaiser, there's, Miriam De La Paz, they'd, Caroline Lucas Organizations: Kaiser Permanente, Morning, Permanente, Coalition, Kaiser Permanente Unions Locations: Washington, DC, —, Colorado

☆ Health care workers strike: Kaiser Permanente unionized employees walk out after failed contract negotiations
▼ + stars: | 2023-10-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

Los Angeles CNN —On Wednesday, thousands of unionized health care employees walked off the job after failed contract negotiations with their employer, Kaiser Permanente, a company whose business model is distinctive, compared to most health care providers in the United States. Members are mainly locked in to using Kaiser health workersKaiser’s membership dues set it apart from America’s traditional “fee-for-service” health care model, in which a doctor or health care provider is paid a fee for each service they perform. It’s a nonprofit entityAlthough Kaiser Permanente operates as a nonprofit entity, it generates billions of dollars in profit. “It’s time for Kaiser executives to invest those resources in addressing the desperate needs of Kaiser patients and frontline health care workers. August said in his experience at Kaiser Permanente, employees were “very proud” of their work.

Persons: Kaiser, ”, John August, Kaiser Permanente, ‘ I’m, ’ ”, Gerald Kominski, ” Kominski, It’s, “ Kaiser, Renee Saldana, “, Kominski Organizations: Los Angeles CNN —, Kaiser Permanente, Coalition, Kaiser Permanente Unions, of, UCLA Center for Health, Research, SEIU, UHW, Kaiser Locations: Kaiser, United States, Oakland , California, California , Colorado, of Columbia , Georgia, Hawaii , Maryland , Oregon, Virginia, Washington

☆ Kaiser Permanente workers start to walk off the job. It’s set to become the largest health care worker strike in US history
▼ + stars: | 2023-10-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

By 9 am ET, more than 75,000 Kaiser workers plan to join picket lines, marking the largest health care strike in US history. In the wake of pandemic, however, health care workers in particular have been fighting for safer and more secure work environments. Many health care employees are set to join the picket lines, including nursing staff, dietary workers, receptionists, optometrists, and pharmacists. Kaiser Permanente “members” pay dues to the organization to gain access to Kaiser Permanente’s wide-ranging health care services. The increased number of health care strikes have happened despite health care workers making up only about 9% of private sector union members nationwide.

Persons: Kaiser, Kaiser Permanente, James Santos, “, ”, Permanente, ” Renee Saldana, they’re, ’, “ Kaiser Permanente, CNN’s Chris Isidore Organizations: CNN, Kaiser Permanente, Kaiser, Washington DC, SEIU, UHW, “ Workers, United Auto Workers, Ford, General Motors, Writers Guild of America, Hollywood, of Labor Statistics Locations: Virginia, Washington, DC, United States, California , Colorado, Washington and Oregon, Kaiser, York City, “ Kaiser

☆ A landmark marijuana bill is headed to the Senate floor
▼ + stars: | 2023-10-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —The Senate Banking Committee approved a historic marijuana banking bill last week that breaks barriers between financial institutions and cannabis companies. The legislative road ahead is tough, despite the bipartisan majority in committee, but this bill could redefine the business of marijuana. A cannabis business owner drove from Portland to Salem to deliver his taxes, and he had a backpack with $70,000 cash in it. Shutting down its DVD business could help Netflix better focus resources as it expands into new markets such as gaming as well as live and interactive content. Its DVD business has also declined significantly in recent years.

Persons: Bell, Jeff Merkley, Banks, I’ve, that’s, Kaiser Permanente, Kaiser, Eva Rothenberg, Samantha Murphy Kelly, “, Ted Sarandos, Netflix’s Organizations: CNN Business, Bell, New York CNN, Kaiser, Coalition, Kaiser Permanente Unions, D.C, Kaiser Permanente, Netflix, Blockbuster, Hollywood Locations: New York, Oregon, Portland, Salem, That’s, California , Oregon, Colorado , Virginia, Washington

☆ Kaiser Permanente union workers poised to strike after contract expires
▼ + stars: | 2023-10-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

A sign is posted on the exterior of the Kaiser Permanente Vallejo Medical Center on September 08, 2023 in Vallejo, California. The workers' contract with Kaiser Permanente expired Saturday with disagreements still simmering over staffing levels, which unions have made a focus of their demands, along with better pay and benefits. The Coalition of Kaiser Permanente Unions on Monday accused Kaiser of negotiating in bad faith and committing unfair labor practices. The strike will target hundreds of Kaiser facilities across California, Colorado, Oregon, Washington, Virginia and Washington, D.C., according to the coalition. Kaiser Permanente serves nearly 13 million patients.

Persons: Kaiser Organizations: Kaiser Permanente Vallejo Medical Center, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Workers, CNBC, D.C Locations: Vallejo , California, United States, California , Colorado , Oregon, Washington , Virginia, Washington

☆ Kaiser Permanente workers say deal unlikely to avert strike
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

The newly constructed Kaiser Permanente San Diego Medical Center hospital is shown in San Diego, California, U.S. April 17, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 1 (Reuters) - The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action. The Coalition of Kaiser Permanente Unions said it and the company remained far apart on important issues. Earlier in September, more than 75,000 Kaiser healthcare workers called for a strike from Oct. 4 to Oct. 7 across California, Oregon, Washington, Colorado, Virginia and Washington DC, in what would be the largest healthcare workers' strike, according to the coalition. Workers of the coalition are demanding resolution on a short-staffing crisis, a pay increase and an improvement in medical plans.

Persons: Mike Blake, Kaiser Permanenete, Jahnavi Nidumolu, Jose Joseph, Hugh Lawson, Nick Zieminski Organizations: Kaiser Permanente San Diego Medical Center, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Reuters, Washington DC, . Workers, U.S . Bureau of Labor Statistics, Auto, Detroit Three, Ford, Motors, Chrysler, Thomson Locations: Kaiser, San Diego , California, U.S, California , Oregon, Washington , Colorado, Virginia, Washington, United States, Bengaluru

☆ Kaiser Permanente workers say they are unlikely to reach deal to avert strike
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

The newly constructed Kaiser Permanente San Diego Medical Center hospital is shown in San Diego, California, U.S. April 17, 2017. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 1 (Reuters) - The coalition of unions representing healthcare workers at Kaiser Permanente said late on Saturday it is unlikely there will be a new agreement with the healthcare provider, as their current contract expires and the unions prepare for strike action. The Coalition of Kaiser Permanente Unions said it and the company remained far apart on important issues. Earlier in September, more than 75,000 Kaiser healthcare workers called for a strike from Oct. 4 to Oct.7 across California, Oregon, Washington, Colorado, Virginia and Washington DC, in what would be the largest healthcare workers' strike, according to the coalition. Workers of the coalition are demanding resolution on a short staffing crisis, a pay increase and an improvement in medical plans.

Persons: Mike Blake, Jahnavi, Hugh Lawson Organizations: Kaiser Permanente San Diego Medical Center, REUTERS, Kaiser Permanente, Coalition, Kaiser Permanente Unions, Washington DC, . Workers, U.S . Bureau of Labor Statistics, Detroit Three, Ford, Motors, Chrysler, Thomson Locations: Kaiser, San Diego , California, U.S, California , Oregon, Washington , Colorado, Virginia, Washington, United States, Bengaluru

☆ Kaiser Permanente contract expires: 75,000 workers to go on strike Wednesday, the largest US health care strike
▼ + stars: | 2023-10-01 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —A coalition of eight unions representing 75,000 employees of Kaiser Permanente said late Saturday that is has not reached an agreement with the company, setting the stage for the largest healthcare strike in US history on Wednesday. The coalition’s contract with Kaiser officially expired after 11:59 pm PT on Saturday night. In a statement a few hours before the contract ran out, Kaiser Permanente said that it will continue negotiating “in good faith,” and that operations will continue normally until the planned strike happens on Wednesday. We remain optimistic that we will reach an agreement and avoid an unnecessary strike,” the company said. CNN has reached out to the Coalition of Kaiser Permanente Unions for comment.

Persons: Kaiser Permanente, Kaiser, “ Organizations: CNN —, Kaiser, Coalition, Kaiser Permanente Unions, D.C, ”, CNN Locations: California , Oregon, Colorado , Virginia, Washington

☆ 75,000 Kaiser Permanente health care workers may go on strike, in demonstration that the industry is in crisis
▼ + stars: | 2023-10-01 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

That could change on Wednesday when she becomes one of 75,000 workers who participate in the nation’s largest health care strike in history. During the Great Resignation in 2021-22, more than 5 million people left their health care jobs across the country. “Kaiser Permanente is not immune from these challenges.”While Kaiser admits to the difficult challenge of filling health care jobs, the stress to its current workers has contributed to increased labor tension in the health care industry. The increased number of health care strikes have happened despite health care workers making up only about 9% of private sector union members nationwide. “But for health care workers, it is different.

Persons: New York CNN — Savonnda Blaylock, she’s, Blaylock, we’re, ”, “, Kaiser, We’ve, ” Kaiser, “ Kaiser Permanente, John August, Naniaka Camara, Camara, ” Camara, Bob Muehlenkamp, Muehlenkamp, Sal Rosselli, ” Rosselli, ECRI, there’s, Marcus Schabacker, ” Schabacker Organizations: New, New York CNN, Kaiser Permanente, Management, of Labor Statistics, Cornell University’s School of Industrial and Labor Relations, Kaiser, Montefiore Hospital, CNN, National Union of Healthcare Workers Locations: New York, California, Kaiser, California , Oregon, Washington , Colorado, Virginia, Washington, “ Kaiser, New York City, Bronx, York

☆ A contract for 75,000 workers is about to expire. The largest US health care strike in history could be next
▼ + stars: | 2023-09-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —A labor contract for thousands of unionized health care workers across five states and Washington, DC, is set to expire on Saturday at 11:59 pm PT, potentially triggering the largest health care strike in US history. More than 75,000 health care employees who work at hundreds of Kaiser Permanente facilities plan to strike from October 4 through October 7 if a labor deal is not reached. They work in a wide range of health care support positions, which include nursing assistants, x-ray technicians, pharmacists and optometrists, among other roles. Unlike traditional fee-for-service medical systems in the United States, Kaiser Permanente patients pay membership dues for health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website.

Persons: Kaiser Permanente’s, Renee Saldana, Hilary Costa, ” Costa, “, ”, Kaiser, UHW, Saldana, they’re, Betsy Twitchell, ” Twitchell Organizations: CNN, Kaiser Permanente, Service Employees International Union, United Healthcare, SEIU, UHW, Permanente, “ Workers Locations: Washington, DC, Kaiser, California , Colorado , Oregon, Washington , Virginia, United States

☆ America is on strike. Here’s the progress unions have made
▼ + stars: | 2023-09-30 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

While the WGA settled its strike recently, winning improved wages and job protections, SAG-AFTRA remains on strike, and most filming remains on hold. They won a reported 32% increase in pay over the six-year life of a contract reached in June and ratified earlier this month. Many of the health care workers unions say their main issue is lack of adequate staffing and the workers’ belief that they’re not able to provide the level of care they want without more help. The Biden administration and Congress stepped into a labor dispute late last year when freight railroad workers threatened to strike. “Labor unions are enjoying a moment of high public approval and strong belief in the benefits they offer to workers, businesses and the economy,” said a Gallup statement.

Persons: Joe Biden’s, ”, “ It’s, Wheaton, “ You’ve, “, you’ve, ” Biden, Ronald Reagan, That’s, they’re, Biden Organizations: New, New York CNN, United Auto Workers, UAW, General Motors, Ford, Cornell University’s Industrial, Labor Relations, ’, Guild of America, SAG, Hollywood, Screen Actors, WGA, Kaiser Permanente, Teamsters, UPS, Warehouse Union, Cornell University School of Industrial and Labor Relations, Unions, Warrior, United Mine Workers, Congress, Gallup, “ Labor Locations: New York, United States, Buffalo , New York, California , Oregon, Washington , Colorado, Virginia, Washington, Coast, Kaiser, Los Angeles, New York City, Alabama

☆ 5 things you need to know about what could be the largest health care strike in US history
▼ + stars: | 2023-09-29 | by ( Samantha Delouya | ) edition.cnn.com time to read: +8 min

Patients pay for a membership and gain access to Kaiser Permanente’s health care services. Kaiser Permanente has 12.7 million members and operates 39 hospitals and 622 medical offices, according to its website. The strike would be the largest US health care strike in history, according to data from the Bureau of Labor Statistics. It would also be the first-ever national strike effort at Kaiser Permanente, according to John August, the director for health care labor relations at Cornell and the former executive director of the Coalition of Kaiser Permanente Unions. More workers are going on strikeA potential health care workers’ strike would be one in a long line of organized labor efforts that have occurred this year.

Persons: Kaiser Permanente, John August, “, Dania Maxwell, ”, Kaiser, Renee Saldana, they’re, Gabe Montoya, we’re, “ Kaiser, We’ve, UHW, you’re Organizations: Los Angeles CNN, Kaiser Permanente, Washington DC, Kaiser, Bureau of Labor Statistics, Cornell, Coalition, Kaiser Permanente Unions, Service Employees International Union, United Healthcare Workers West, SEIU, Permanente, CNN, Kaiser Permanente Los Angeles Medical Center, Los Angeles Times, “ Workers, ” Employees, “ Kaiser Permanente, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, Ford, General Motors, ’ Guild of America Locations: Kaiser, California , Colorado , Oregon, Washington , Virginia, Washington, ”, Hollywood, Los Angeles , CA, Downey , California, United States, Los Angeles

☆ Government shutdown, labor strikes will likely weigh on US consumers’ attitudes
▼ + stars: | 2023-09-29 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

Washington, DC CNN —Americans are taking notice of a possible government shutdown and the uncertainty of ongoing labor strikes, according to the University of Michigan’s latest consumer sentiment survey. The university’s Consumer Sentiment Index edged lower by 1.4 points in September, according to a final reading. That would mean some federal workers become furloughed and agencies operate with skeleton crews, hamstringing agencies’ ability to provide crucial government services. The ongoing United Auto Workers strike is also not expected to end soon. With so much turmoil, Americans will likely feel uneasy in the coming weeks, which could affect their spending.

Persons: ”, Joanne Hsu, There’s Organizations: DC CNN, University of Michigan’s, “, Republicans, United Auto Workers, UAW, Ford, GM, Kaiser Permanente, Commerce Department Locations: Washington, Kaiser, California , Colorado , Oregon, Washington , Virginia, Las Vegas, Reno

☆ Insurers and drug-industry middlemen are cashing in on the weight-loss drug frenzy
▼ + stars: | 2023-09-28 | by ( ) www.businessinsider.com time to read: +5 min

Insurers and the drug-industry middlemen they own stand to earn more as healthcare spending increases. AdvertisementAdvertisementFor US health insurers, explosive demand for new weight-loss drugs likely means bigger profits. Insurers and the drug-industry middlemen they own stand to earn more as weight-loss drugs drive up healthcare spending, BofA analysts wrote. Meanwhile, if the drugs help people live longer, insurers could earn more from higher enrollment in their health plans. As weight-loss drugs drive up healthcare spending, insurers will make more moneyWeight-loss drugs, which can cost around $1,000 a month, are driving up healthcare spending.

Persons: Li Ran, Brian Evanko, Evernorth Organizations: Trilliant Health, Bank of America Global Research, Getty, Cigna, CVS Health, UnitedHealth Group, CVS, Kaiser Family Foundation Locations: Xinhua, GLP

☆ Potential Kaiser strike: How investors should prepare
▼ + stars: | 2023-09-28 | 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 EmailPotential Kaiser strike: How investors should prepareJared Holz, Mizuho healthcare sector specialist, joins 'The Exchange' to discuss the impact a Kaiser Permanente strike could have on the stock, optimism about finding a strike resolution quickly, and medical technology under pressure due to a rise in new weight loss medications.

Persons: Jared Holz Organizations: Kaiser Permanente Locations: Mizuho

ORLANDO, Florida, Sept 28 (Reuters) - The 'dollar smile' can be a blessing for Wall Street, or a curse. But the speed and extent of the move in the dollar and Treasuries, and tightening of financial conditions, warrant vigilance. According to Goldman Sachs, U.S. financial conditions are the tightest this year. This is not dissimilar to other major economies and regions, some of which - the euro zone, China and emerging markets - are feeling an even tighter squeeze. It might be too early for that to appear in third-quarter results - many big Wall Street firms will have hedged their currency exposure over the near term - but if sustained, fourth-quarter profits could be affected.

Persons: Stephen Jen, reckons Stuart Kaiser, Kaiser, Goldman Sachs, Rabobank's Jane Foley, Foley, Jamie McGeever, Andrea Ricci Organizations: Treasury, Citi, FCI, Reuters, Thomson Locations: ORLANDO, Florida, China, U.S, America

Here is a list of attempts by regulators to split up big companies:Standard Oil (1911)- Regulators alleged John Rockefeller's Standard Oil held the monopoly in the oil business by using aggressive pricing to eliminate competition. Standard Oil was broken up into 34 companies. Aluminum Company of America (Alcoa) (1945)- The Justice Department charged Alcoa (AA.N) with illegally monopolizing the aluminum market and demanded the company be dissolved. Paramount Pictures (1948) - The U.S. Supreme Court ruled in a landmark antitrust case, also known as "Paramount case" or the "Hollywood antitrust case," that film studios could not legally own their own theaters, hitting the vertical integration of companies. AT&T (1984) - In 1974, the U.S. government filed an antitrust lawsuit against AT&T (T.N) because it had a monopoly on telephone lines.

Persons: Andrew Kelly, Big, John Rockefeller's, District Judge, Jaspreet Singh, Zaheer Kachwala, Sriraj Kalluvila, Josie Kao Organizations: Federal Trade Commission, Washington , D.C, REUTERS, Amazon.com, Standard Oil, Big Tech, Google, Facebook, Standard, Oil, ExxonMobil, Chevron, Aluminum Company of America, Alcoa, Justice Department, Reynolds, Paramount Pictures, U.S, Supreme, Paramount, IBM, AT, Microsoft, District, Meta, FTC, Thomson Locations: Washington ,, U.S, Bengaluru

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