What will be the impact on Medical Care stocks following the murder of the CEO of UnitedHealth?
The support for the murderer by the public in the USA reveals their long-standing resentment towards the Medical Care Industry, which may lead to a reckoning for that industry, and investors should be prepared for significant changes in this investment area.
Deutsche Bank: If the USA Congress advances PBM reforms, CVS Health (CVS.US), The Cigna Group (CI.US), and others will face severe impacts.
Deutsche Bank believes that if the USA Congress passes legislation requiring Medical Insurance and Pharmaceutical Benefits Management (PBM) companies to divest their Pharmaceutical Business, CVS Health, The Cigna Group, and Humana will be significantly affected.
Why are the people in the USA cheering? The CEO of an Insurance giant was shot, and there are actually 0.035 million "haha" emojis under the official post!
Gelonghui December 13 | According to Daily Economic News, a shooting occurred in New York, USA on the morning of December 4. Brian Thompson, CEO of UnitedHealth Insurance, was shot and killed outside the Hilton Worldwide hotel in downtown Manhattan. On December 9, the suspect in the shooting, 26-year-old Luigi Mangione, was arrested in Pennsylvania. CNN reported, citing a police officer, that Mangione was still holding a document condemning the USA Medical Insurance Industry at the time of his arrest. According to preliminary police investigations, this was a targeted attack.
The murder case has triggered a major transformation in the Industry: a proposed bill in the USA Congress aims to break the Medical Insurance monopoly.
① The CEO of UnitedHealth Insurance, Brian Thompson, was killed, triggering widespread criticism from the American public regarding the Medical Insurance Industry; ② The U.S. Congress is currently reviewing two bills aimed at breaking the monopoly in the Insurance industry, marking the first time lawmakers are introducing policies targeting the Insurance industry since Thompson's murder; ③ Senator Warren stated that the public opinion in the USA should raise awareness among all practitioners.
Trump rings the opening bell for the NYSE: The stock market is everything, and significant actions will be taken regarding Cryptos.
On Thursday, Donald Trump rang the opening bell at the NYSE. He emphasized the importance of the stock market, stating that the stock market is everything, and plans to take significant actions regarding Cryptos, lower the corporate tax rate to 15%, and increase Petroleum Extraction to alleviate the current inflationary pressures.
Express News | The major health insurance giant stated that the suspect who assassinated its CEO is not a customer of the company.
Express News | A spokesperson for UnitedHealth Group stated that Mangione's mother also did not have UnitedHealth insurance.
"Person of the Year" Trump rings the opening bell at the NYSE, emphasizing that "the stock market is everything."
On December 12, the elected President Trump was named Time Magazine's Person of the Year for 2024, ringing the opening bell at the NYSE that day; Trump rang the bell with the CEO of ICE and the CEO of Time Magazine, along with the president of the NYSE, while the CEOs of companies such as Goldman Sachs and Citigroup were present; Trump promised an "unprecedented economy," planned to increase oil drilling to reduce inflation, and committed to lowering the corporate tax rate to 15%.
Top 20 by transaction volume | Performance guidance fell short of expectations, Adobe dropped nearly 14%; MicroStrategy fell over 4%.
On Thursday, the top stock by trading volume in the U.S. market was Tesla, which closed down 1.57% with a trading volume of 36.778 billion USD; the second was NVIDIA, which closed down 1.41% with a trading volume of 21.623 billion USD; the eleventh was UnitedHealth Group, which closed down 3.33% with a trading volume of 4.899 billion USD.
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Express News | The informal "wanted notice" on the streets of New York intensifies panic in the business community, targeting not only the murdered CEO but also executives in the financial industry.
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