Humana shares tumble as 2025 membership for its top-rated Medicare plans slump

(Reuters) -Humana said on Wednesday that a lower-performance rating for a widely used Medicare insurance plan hurt enrollments for 2025 and will potentially hit the health insurer’s revenue and bonus payments in 2026, sending shares down about 23% premarket. The company said it has about 1.6 million, or 25% of its total members, currently enrolled…

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Bristol Myers beats $6.4 billion lawsuit over delayed cancer drug

(Reuters) – Bristol Myers Squibb won the dismissal on Monday of a $6.4 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for the cancer drug Breyanzi and two other drugs developed by Celgene. U.S. District Judge Jesse Furman in Manhattan said UMB Bank was never properly appointed trustee for shareholders owning…

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Fed’s Powell says rates will ‘over time’ reach neutral level, not on preset course

By Howard Schneider NASHVILLE, Tennessee (Reuters) – The U.S. economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest rate and “over time” reach a level that is no longer holding back activity, Fed Chair Jerome Powell said on Monday in remarks that showed no…

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China says US missile deployment in Philippines undermines peace

SHANGHAI (Reuters) – Chinese Foreign Minister Wang Yi said the U.S. deployment of intermediate-range missiles in the Philippines “undermines regional peace and stability”, the foreign ministry said on Sunday. Speaking to South Korean Foreign Minister Cho Tae-yul in New York on Saturday, Wang also called for avoiding “war or chaos on the Korean Peninsula”, the…

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Ocasio-Cortez calls for NYC Mayor Eric Adams to resign

By Jasper Ward WASHINGTON (Reuters) – U.S. Representative Alexandria Ocasio-Cortez on Wednesday called on New York City Mayor Eric Adams to resign “for the good of the city” as senior city administration officials have become entangled in multiple federal corruption investigations. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez,…

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