Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- The US Medicare program will pay private insurers 2.48% more in 2027, a meaningful improvement over the initial rates the agency proposed in January.The final policy from the Centers for Medicare and Medicaid Services influences how more than half a trillion dollars flow through private health plans sold by companies including UnitedHealth Group Inc., Humana Inc. and CVS Health Corp.
- Broadcom (AVGO) shares rise 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) is seeing setbacks in the engineering test phase of the foldable iPhone and could push back its production and shipment schedule, Nikkei Asia reports, citing unidentified people.