MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Here’s where the major benchmarks ended:
The CBOE Volatility Index® (VIX) climbed slightly to 12.37.
The S&P 500 index®(SPX) rose 5.66points (0.1%) to 5,572.85; the Dow Jones Industrial Average® ($DJI) dropped 31.08 points (0.1%) to 39,344.79; the NASDAQ Composite® ($COMP) gained 50.98 points (0.3%) to 18,403.74.
The 10-year Treasury note yield (TNX) was roughly flat at 4.27%.
CITE: https://www.r2library.com/Resource
What’s up
- Intel popped 6.15% after an analyst at Melius Research declared the company could be one of the big AI winners in the second half of this year.
- Morphic Holding skyrocketed 75.06% on the news that Eli Lilly will acquire the drugmaker for $3.2 billion in cash.
- SolarEdge climbed 9.26% thanks to an upgrade from “underperform” to “neutral” by Bank of America analysts, who see big upside and few downside risks ahead.
- Corning rose 11.98% after management raised earnings guidance for the coming quarter thanks to higher demand due to the AI boom.
- Lucid rose 7.85% on the news that its deliveries rose 70% in the second quarter.
What’s down
- ServiceNow dipped 5.04% after Guggenheim analysts downgraded the cloud computing company to “sell,” citing growing risks in the second half of this year.
- Greenbrier Companies sank 9.10% after the rail transportation company missed Wall Street’s earnings expectations.
- Devon Energy fell 1.11% on the news that it is acquiring portions of Grayson Mill Energy for $5 billion in cash and stock.
CITE: https://tinyurl.com/2h47urt5
Stat: 27. That’s a tally of some of the hospital mergers, acquisitions, joint ventures, affiliations, and partnerships that have been canceled since January 2022. (Becker’s Hospital Review)
Read: Health insurers received $50 billion from Medicare for diseases that doctors did not treat over three years, according to a recent analysis. (Wall Street Journal)
CITE: https://tinyurl.com/tj8smmes
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