MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Essays, Opinions and Curated News in Health Economics, Investing, Business, Management and Financial Planning for Physician Entrepreneurs and their Savvy Advisors and Consultants
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Here’s where the major benchmarks ended:
- The S&P 500 index added 42.03 points (0.8%) to 5,277.51, down 0.5% for the week; the Dow Jones Industrial Average® ($DJI) gained 574.84 points (1.5%) to 38,686.32, down 1.0% for the week; the NASDAQ Composite® ($COMP) declined 2.06 points (0.01%) to 16,735.02, down 1.1% for the week.
- The 10-year Treasury note yield (TNX) fell more than 6 basis points to 4.491%.
- The CBOE Volatility Index® (VIX) declined 1.55 to 12.92.
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🟢 What’s up
- Gap popped 27% after the retail conglomerate raised its guidance for the year and sales for all four of its brands beat earnings expectations.
- Caesars jumped 12% because of the Carl Icahn effect: The investor reportedly acquired a “sizeable stake” in the casino company, per Bloomberg.
- The Boston Beer Company shares gained 21% on reports that the company may sell itself to Suntory.
- Ambarella leapt 20% after better-than-expected earnings for the semiconductor company.
- PENN Entertainment jumped 20% today after an activist investor called for a sale of the company.
What’s down
- Trump Media sank 5% a day after former President Donald Trump’s historic felony conviction on 34 counts for falsifying business records.
- Dell shares dropped 18% after the PC maker reported disappointing AI server sales and raised concerns about margins.
- MongoDB shares fell 24% after executives reduced fiscal guidance for the year.
- SentinelOne shares fell 13% when the company lowered its financial forecast for the year.
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Private equity and consolidation are leading to a rise in hospital costs for patients. (the Wall Street Journal)
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