Good morning. Two tech billionaires started this week with egg on their face, and for once, it had nothing to do with a live product demo.Amazon founder Jeff Bezos and NantHealth founder Patrick Soon-Shiong blocked, each at the eleventh hour, the U.S. presidential endorsements of Kamala Harris by the editorial boards of their newspapers, the…
(Reuters) -UnitedHealth Group reported a surge in third-quarter medical costs on Tuesday, as the company struggled with lower government payments in its insurance business and persistently high demand for medical care, sending its shares 3% lower. For the quarter, the company’s medical loss ratio – the percentage of premiums spent on medical care – was…
In This Story After a hectic week filled with major earnings reports, an AI summit, robotaxis, and key inflation data, this coming week will be shorter but still significant. California’s new $20 minimum wage for fast food workers didn’t cost jobs, study says Here’s what’s on the agenda for the week ahead. Is the stock…