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Telehealth has become all the rage following the Covid-19 pandemic, with about 17% of appointments going virtual, up from 1% in February 2020.
Stat: 350. That’s about how many small and rural US hospitals—out of roughly 1,800—are using free and cheap cybersecurity resources the White House rolled out this summer. (Nextgov/FCW)
Quote: “We’re being blinded.”—Meghan Curry O’Connell, chief public health officer for the Great Plains Tribal Leaders’ Health Board, on the reported lack of access Native American tribal epidemiology centers have to federal government health data (KFF Health News)
Read: Race is used in clinical algorithms that determine patient diagnoses and care for everything from kidney transplants to lung function. A growing number of health professionals argue it shouldn’t be. (Stat)
CITE: https://www.r2library.com/Resource
What’s up
- DocuSign rose 3.97% after it beat earnings expectations and hailed the rollout of its new AI offerings as a success.
- Bowlero climbed 6.68% after announcing impressive revenue growth and a positive fourth-quarter forecast.
- Guidewire Software gained 12.36% thanks to a strong quarter for the insurance software provider.
- Big Lots soared 8.73% after it faked out the market and delayed the announcement of its latest quarterly earnings for another week. Management is probably trying to find some loose change between the couch cushions to stave off bankruptcy.
What’s down
- Broadcom sank 10.36% after beating earnings but failing to impress investors with revenue guidance for next quarter.
- Tesla gave up some of its recent gains, falling 8.45% as investors begin to realize that online hype doesn’t translate into profits (usually).
- Super Micro Computer just can’t catch a break, and fell another 6.79% after a JP Morgan analyst downgraded the stock due to the sense of uncertainty hanging around it.
- UIPath shed 6.04% even though the AI software provider beat top and bottom line expectations, forecast solid growth ahead, and increased its share buyback program.
- Semiconductor stocks sank as a group, pulled lower by fears of slowing growth. ASML Holding dropped 5.38%, Marvell Technology slid 5.28%, and KLA Corporation stumbled 3.47%.
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Here’s where the major benchmarks ended:
- The S&P 500® index (SPX)dropped 95points (–1.73%) to 5,408.42, down 4.3% for the week; the Dow Jones Industrial Average® ($DJI) fell 410.34 points (–1.01%) to 40,345.41, down 2.9% on the week; NASDAQ Composite® ($COMP)declined 436.82 points (–2.55%) to 16,690.83, down 5.8% for the week.
- The 10-year Treasury note yield (TNX) fell two basis points to 3.71%and was down 20 basis points for the week, but now, it has a six-basis point premium to the 2-year Treasury note yield, which fell 28 basis points this week.
- The CBOE Volatility Index® (VIX) hopped to 22.21 after hitting 23.76 intraday, the highest since August 8.
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Trump Media has lost 75% of its market value since the company went public in March, costing Trump himself billions in net worth.
Visualize: How private equity tangled banks in a web of debt, from the Financial Times.
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