
Articles
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2 days ago |
ca.marketscreener.com | Sriparna Roy |Sneha K
(Reuters) - UnitedHealth Group Chief Executive Andrew Witty stepped down suddenly on Tuesday, the company said, as it suspended its 2025 forecast due to surging medical costs, sending its shares plunging more than 11% in morning trading. Former CEO Stephen Hemsley, who has been with the healthcare conglomerate for 28 years, is returning to the top role after stepping down in 2017. Witty chose to leave for personal reasons, the company said, without elaborating.
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2 days ago |
finance.yahoo.com | Sriparna Roy |Sneha K
By Sriparna Roy and Sneha S K (Reuters) - UnitedHealth Group said its Chief Executive Andrew Witty resigned as of Tuesday, and the company suspended its annual forecast due to surging medical costs, sending shares plunging over 15% to a four-year low. Chairman Stephen Helmsley, 72, who was CEO before stepping down in 2017, will assume the CEO title once again. Witty chose to leave for personal reasons, the company said, without elaborating.
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2 days ago |
gazette.com | Sriparna Roy |Sneha K
By Sriparna Roy and Sneha S K(Reuters) - UnitedHealth Group Chief Executive Andrew Witty stepped down suddenly on Tuesday, the company said, as it suspended its 2025 forecast due to surging medical costs, sending its shares plunging more than 11% in morning trading. Former CEO Stephen Hemsley, who has been with the healthcare conglomerate for 28 years, is returning to the top role after stepping down in 2017. Witty chose to leave for personal reasons, the company said, without elaborating.
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3 days ago |
marketscreener.com | Sriparna Roy |Joel Jose
(Reuters) -Shares of U.S. drugmakers rebounded on Monday after an initial selloff as analysts said that President Donald Trump's sweeping executive order to slash prescription drug prices would be difficult to implement and face legal challenges. Trump signed a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay.
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3 days ago |
sg.finance.yahoo.com | Sriparna Roy |Joel Jose
By Sriparna Roy and Joel Jose (Reuters) -Shares of U.S. drugmakers rebounded on Monday after an initial selloff as analysts said that President Donald Trump's sweeping executive order to slash prescription drug prices would be difficult to implement and face legal challenges. Trump signed a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay.
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