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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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Dollar General has ended a pilot program with mobile care provider DocGo, becoming the latest retailer to wind down primary care operations, spokespeople from both companies confirmed to Healthcare Brew on May 31st. The retail giant—the largest in the US by number of stores—began the healthcare partnership in 2023 after announcing ambitions to establish itself as a “health destination” two years prior. DocGo and Dollar General offered mobile health clinics with basic, preventive, and urgent care services at three stores in Tennessee. Dollar General executives previously said in a June 2023 press release that they would expand the DocGo pilot program to more stores.

CITE: https://www.r2library.com/Resource

Here’s where the major benchmarks ended:

• The S&P 500^® index (SPX) rose 5.89 points (0.1%) to 5,283.40; the Dow Jones Industrial Average^® ($DJI) lost 115.29 points (0.3%) to 38,571.03; the NASDAQ Composite^® ($COMP) advanced 93.65 points (0.6%) to 16,828.67.
• The 10-year Treasury note yield (TNX) declined more than 11 basis points to 4.40%, near a two-week low.
• The CBOE Volatility Index^® (VIX) rose 0.19 to 13.11.

🟢 What’s up?

• GameStop shares rose 21% after Roaring Kitty revealed his position in the stock. Fellow meme stocks popped in tandem, including AMC Holdings rising by 11.43%.
• Stericycle shares popped 14.57% today after Waste Management announced it would acquire the waste disposal company for $7.2 billion.
• Spotify shares rose 5.65% on the news that it will raise the price for premium subscribers from $10.99 to $11.99 beginning next month.
• Bio-Path Holdings soared 56.80% after announcing strong phase 2 trial results for its new acute myeloid leukemia treatment.
• Coherent shares popped 22.98% after the company announced it had poached Jim Anderson, the extremely competent CEO of Lattice Semiconductor—whose shares plummeted 15.49%.

What’s down?

• GSK dropped 8.65% on the news that a Delaware court will allow scientific evidence to be heard in a series of lawsuits regarding the discontinued heartburn drug Zantac.
• Boston Beer fell 3.25% after shareholders decided to take their winnings and run following Friday’s big pop after news of its apparent acquisition by Suntory.
• Tractor Supply shares toppled 6.21%, likely on poor manufacturing news from the ISM Index, while Halliburton shares fell 5.34%, likely on poor oil news from OPEC+.
• Dozens of Mexican stocks and ETFs tumbled today on the election of a new president. The steepest decline was seen by Grupo Financiero Banorte, SAB, which fell 11.38%.

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Cyberattacks around the country are wreaking havoc on the ground at targeted hospitals, but a new study shows that security breaches hurt surrounding providers, too. The research published in JAMA on May 29 found that cyberattacks led to a decrease in emergency department (ED) visits at attacked hospitals and an increase in ED patients at nearby hospitals.

CITE: https://tinyurl.com/tj8smmes

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