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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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Unlike previous election cycles, members of both political parties are skeptical of Medicare Advantage, prompting former HHS Secretary Alex Azar to say plans need to engage in “myth busting.”

Mass General Brigham is showing a slight year-over-year financial improvement across the first half of 2024.

And … a decline in healthcare bankruptcies appears to be driven by middle-market companies.

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

What’s up

• Netflix popped 1.48% to a new all-time high after the streamer announced impressive upfront ad sales.
• Palo Alto Networks climbed 7.13% thanks to far stronger than expected earnings from the cybersecurity company and an upbeat forecast.
• Eli Lilly gained 2.97% after the pharma giant announced that its weight-loss drug cuts the risk of Type 2 diabetes by 94% in obese or overweight adults.
• Fabrinet rocketed 15.68% higher thanks to the electronics manufacturer’s earnings destroying analyst estimates.

What’s down

• Lowe’s sank 1.18% after beating earnings expectations but missing on sales and, more importantly, announcing weaker sales lie ahead.
• Paramount Global stumbled 1.08% after a new $4.3 billion bid to acquire the company came out of left field.
• Boeing fell 4.24% on the announcement that the company is grounding its test fleet of the new 777X airplane due to, what else, maintenance issues.

CITE: https://tinyurl.com/2h47urt5

Here’s where the major benchmarks ended:

• The SPX fell 11.13 points (–0.20%) to 5,597.12; the Dow Jones Industrial Average^® ($DJI) dropped 61.56 points (–0.15%) to 40,834.97; the NASDAQ Composite^®($COMP) ended 59.83 points lower (–0.33%) to 17,816.94.
• The 10-year Treasury note yield (TNX) fell five basis points to 3.82%.
• The CBOE Volatility Index^® (VIX) climbed 8% to 15.84

CITE: https://tinyurl.com/tj8smmes

Visualize: How private equity tangled banks in a web of debt, from the Financial Times.

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