UnitedHealth’s stock experienced its worst day in over four years after the healthcare company surpassed third-quarter profit and revenue projections but fell short on medical-care profitability and decreased its full-year outlook. Despite beating expectations in some areas, the company’s lower-than-expected medical-care profitability and revised outlook led to a significant drop in its stock value on Tuesday. Investors reacted negatively to the mixed results, causing UnitedHealth’s stock to plummet and marking a challenging day for the healthcare giant.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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