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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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Read: Are “improper” Medicaid payments really that big of an issue? (KFF)
CITE: https://tinyurl.com/2h47urt5
🟢 What’s up
- Gold stocks gained as investors pushed the price of the safe-haven commodity higher. Newmont climbed 3.54%, Barrick Mining added 2.81%, and SSR Mining rose 2.25%.
- Tesla gained 1.94% on reports that the Trump Administration will lower the bar for regulations on self-driving cars.
- Circle surged 25.54% a day after Shopify announced it will accept USDC stablecoin payments on its e-commerce platform.
- RH popped 6.90% after the home furnishings retailer reported far better earnings than Wall Street predicted, even though revenue fell last quarter.
- JBS rose 4.69% the day the world’s largest meatpacker made its NYSE debut.
What’s down
- DraftKings fell 3.90% thanks to the gambling app’s decision to add a $0.50 surcharge to every bet made on its platform in Illinois to offset a new state tax.
- Adobe tumbled 5.32% despite the software company’s solid earnings report and higher fiscal forecast.
- Archer Aviation plunged 14.89% after announcing it will sell $850 million worth of new shares to raise money.
- Boeing lost another 1.62% as the fallout from a 787 Dreamliner crash in India continues.
- US Steel sank 3.03% on reports that Nippon Steel is balking at taking over the company if it can’t retain operational control of the domestic steelmaker.
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Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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