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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING

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The Fierce Healthcare team recapped second quarter earnings for the country’s biggest payers and health tech companies. See how UnitedHealth, CVS, Talkspace and Health Catalyst fared.

Walgreens could sell its stake in VillageMD and Roche may sell health tech startup Flatiron Health.

And … Texas Children’s Hospital reduced its workforce by 5%, or approximately 1,000 jobs. Keep up with other cuts with Fierce Healthcare’s layoff tracker.

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What’s up

• Dell Technologies rose 4.89% after Barclays upgraded the stock from underweight to equalweight in light of AI-powered growth opportunities.
• Buzzfeed popped 25.89% due to narrower-than-expected losses last quarter and the kickoff of AI content initiatives.
• ON Holding jumped 4.32% after the shoemaker posted a second-straight quarter of record revenue growth.
• Hormel Foods climbed 1.74% thanks to an analyst upgrade from Citigroup.
• Rumble gained 5.39% after the video platform reported a second-quarter loss but stronger than expected revenue.

What’s down

• Trump Media & Technology Group sank 3.62% following the Donald Trump and Elon Musk interview on X.
• Tencent Music Group plummeted 15.18% thanks to a mixed quarter with lower revenue but a higher subscriber count.
• ViaSat tanked 22.57% after the company revealed that some of its biggest shareholders plan to sell 11.2 million shares of the satellite company.
• Baxter International slid 6.53% after it struck a deal with The Carlyle Group to sell its kidney-care unit for $3.8 billion.

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Here’s where the major benchmarks ended:

• The S&P 500^® index (SPX)rose 90.04points (1.68%) to 5,434.43; the Dow Jones Industrial Average^® ($DJI) added 408.63 points (1.04%) to 39,765.64; the NASDAQ Composite^®($COMP)rallied406.99points (2.43%) to 17,187.61.
• The 10-year Treasury note yield (TNX) fell about six basis points to 3.85%.
• The CBOE Volatility Index dropped nearly 13% to 18.04, its lowest close since July 31.

Every S&P sector besides energy finished higher today, with info tech and consumer discretionary in the lead and both gaining more than 2%.

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

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