From Yahoo Finance: 2025-05-13 09:52:00

UnitedHealth Group CEO Andrew Witty steps down for personal reasons, prompting former CEO Stephen Hemsley to take over. Stock drops 10% in premarket trading. The company faces challenges, including increased costs, political pressure, FTC scrutiny, and a cybersecurity attack on its subsidiary.

Hemsley aims to address cost pressures and challenges the company faces, vowing to return to profitability by 2026. Despite setbacks, UnitedHealth Group reiterates a long-term growth goal of 13-16%. Mixed reactions from experts and insiders, with some suggesting a potential breakup of the healthcare giant.

Mizuho healthcare expert Jared Holz sees Witty’s departure as positive, indicating a need for changes at the top. Hemsley, who previously led the company, plans to focus on a value-based care approach. Witty will remain as an adviser to Hemsley as the company navigates its challenges. 1. The stock market reached record highs today, with the S&P 500 closing at an all-time high of 4,300 points. This marks a significant milestone for investors and is seen as a positive sign for the economy.

2. In other news, a new study has found that eating a diet rich in fruits and vegetables can help lower the risk of heart disease by up to 30%. This highlights the importance of maintaining a healthy lifestyle to prevent cardiovascular issues.

3. The United Nations has issued a warning about the growing threat of climate change, citing a recent report that shows a significant increase in global temperatures. The need for immediate action to reduce carbon emissions is more urgent than ever.

4. A groundbreaking new technology has been developed to remove plastic pollution from the ocean. The system, known as “The Ocean Cleanup,” has already successfully removed over 100,000 pounds of plastic waste from the Great Pacific Garbage Patch.

5. In entertainment news, a highly anticipated film has broken box office records, grossing over $100 million in its opening weekend. The movie has received rave reviews from critics and audiences alike, solidifying its place as a blockbuster hit.

Read more: CEO steps down, guidance suspended