2:45 a.m. Nov. 3, 2020
- By Tomi Kilgore
Humana beats profit and revenue expectations, boosts MA membership growth outlookHumana Inc. reported Tuesday third-quarter profit and revenue that beat expectations and raised its full-year outlook for Medicare Advantage membership growth. The health care company's stock was still inactive in premarket trading. Net income rose to $1.76 billion, or $10.05 a share, from $888 million, or $5.14 a share, in the year-ago period. Excluding non-recurring items, such as changes in market value of publicly traded securities and the receipt of commercial risk corridor receivables previously written off, adjusted earnings per share fell to $3.08 from $5.03, but beat the FactSet consensus of $2.81. Revenue rose 23.6% to $20.08 billion, or grew 15.9% to $18.82 billion on an adjusted basis. The FactSet consensus was for revenue of $18.62 billion. The company boosted its 2020 guidance for Medicare Advantage membership growth to about 375,000 from 330,000 to 360,000. "We continue to see more Medicare beneficiaries choosing Medicare Advantage (MA) plans over Medicare-Fee-For-Service due to MA's ever-increasing value proposition," said Chief Executive Bruce Broussard. "What's driving this strong value is the fact that plans must constantly innovate to stay competitive as Medicare beneficiaries have the freedom to choose a plan that's affordable for them and that suits their lifestyle needs." Humana's stock has climbed 11.5% year to date, while the SPDR Health Care Select Sector ETF has edged up 1.6% and the S&P 500 has tacked on 2.5%.
6:22 a.m. Sept. 19, 2020
- Associated Press
Walmart, Amazon among donors to QAnon-promoting lawmaker At least 81 current or former congressional candidates have supported the conspiracy theory or promoted QAnon content, with at least 24 qualifying for November’s general election ballot: Media MattersWalmart, Amazon and other corporate giants donated money to the reelection campaign of a Tennessee state lawmaker who had used social media to amplify and promote the QAnon conspiracy theory, according to an Associated Press review of campaign finance records and the candidate’s posts.
3:45 a.m. Sept. 10, 2020
- Associated Press
Postal Service changes have significantly delayed prescription drugs, report finds Findings by Democratic senators contradicts DeJoyDelivery of mail-order prescription drugs was delayed significantly this summer after the new postmaster general ordered major changes in U.S. Postal Service operations, according to a report released Wednesday by Senate Democrats.
9:56 a.m. Aug. 5, 2020
- By Ciara Linnane
Coronavirus update: Global death toll tops 700,000 with 18.5 million confirmed cases and U.S. accounts for more than a quarter Disney posts an almost $5 billion loss as parks, film and cruise business hammered by pandemic, leaving only streaming to shineThe number of confirmed deaths across the globe from the coronavirus illness COVID-19 climbed above 700,000 on Wednesday, according to data aggregated by Johns Hopkins University, as the case tally climbed above 18.5 million, with the U.S. accounting for 4.77 million of that total, or more than a quarter.
8:49 a.m. Aug. 1, 2020
- By Philip van Doorn
Here’s the stock sector you want to be in if the Democrats sweep the November elections Regulation won’t end up being as tough as fearedRegulation won’t end up being as bad as feared now.