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In April, UnitedHealth Group announced it was shutting down its Optum Virtual Care program. Days later, Walmart announced it would shutter both Walmart Health and Walmart Health Virtual Care.
CITE: https://tinyurl.com/2h47urt5
And in July, Teladoc posted a net loss of $838 million in Q2. The drop was largely driven by an impairment charge of ~$800 million for BetterHelp, the virtual mental health platform it acquired in 2015, Fierce Healthcare reported. Executives attributed the decline to increased customer acquisition costs, among other factors.
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Finally, Stocks are way out of whack with reality, the WSJ argues. Nevertheless, a slew of encouraging economic data helped propel the S&P 500 to its best week of the year—a welcome change from the whiplash volatility of the week before. Bayer jumped after scoring an appeals court victory in a case over claims its Roundup weed killer causes cancer.
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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Filed under: "Ask-an-Advisor", Drugs and Pharma, Ethics, Information Technology, Investing, Marcinko Associates, Recommended Books, Sponsors | Tagged: banks, Bayer, betterhelp, DJIA, DOW, Fierce Healthcare, Marcinko, NASA, NASDAQ, optum virtual care, Private Equity, Roundup, S&P 500, TeleDoc, teleHealth, textbooks, TNX, UnitedHealth Group, WSJ |
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