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Closing Bell: Health Insurers Rise, Broadcom Jumps, Apple Slumps
Description
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- UnitedHealth Group (UNH) Humana (HUM) and other insurers that provide private Medicare Advantage plans for older Americans rose after the US agreed to boost 2027 payments by 2.48%, more than its initial proposal and a respite for an industry squeezed by federal cost-cutting efforts. Industry leader UnitedHealth’s stock jumped as much as 10%, the most intraday since August. Humana advanced as much as 11%, while CVS Health Corp. gained as much as 6.9%.
- Broadcom shares rise 3.0% on Tuesday after the chipmaker announced a long-term agreement with Google to develop and supply Tensor Processing Units. The companies also confirmed plans to work with Anthropic to power the AI startup’s burgeoning operations.
- Apple (AAPL) shares are down 3.4% on Tuesday, after Nikkei Asia reported that the company is seeing setbacks in the engineering test phase of the foldable iPhone and that it could push back its production and shipment schedule. The report cited unidentified people.
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