On this episode of Stock Movers:
- A UnitedHealth (UNH) shareholder has filed a proposal to require an independent board chair distinct from the chief executive officer, roles that were combined when Stephen Hemsley returned to lead the company this year. The proposal from a nonprofit advocacy group called the Accountability Board, if approved by shareholders, would ask the board to amend the company’s bylaws to codify an independent board chair. Shares of UnitedHealth traded higher.
- USA Rare Earth (USAR) shares rose on word that the company is in close communication with the Trump administration, when asked whether the company would be open to a deal with the US government.
- Rivian (RIVN) is reworking a key element of its vehicle doors after employees and customers raised concerns over potential safety issues with the current design, according to people familiar with the matter. Rivian plans to incorporate a manual release that’s more clearly visible and located near the electrically powered interior handles in the rear doors of its next-generation SUV, said the people, who asked not to be identified discussing private information. The new lower-cost model line known as R2 is slated for deliveries to begin in the first half of 2026. Shares of the EV-maker rose.