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July 24 2025 - a package arrives looking like it got banged around by Ace Ventura Pet Detective
News at a glance: Webb telescope dinged, U.S.-Russia research paused, and NASA’s UFO study | Science
News at a glance: Webb telescope dinged, U.S.-Russia research paused, and NASA’s UFO study | Science
ASTRONOMY Star mapper provides Milky Way portrait he European Space Agency’s Gaia satellite has now mapped almost 2 billion of the Milky Way’s stars, logging their positions, speeds, temperatures, and other parameters—and allowing astronomers to chart the Galaxy’s structure and evolution. Last week, operators released the third major trove of data, including lists of 800,000 binary stars, 10…
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New Post has been published on https://techcrunchapp.com/unitedhealth-2021-forecast-dinged-by-coronavirus-national-news/
UnitedHealth 2021 forecast dinged by coronavirus | National News
UnitedHealth has debuted a lower-than-expected 2021 earnings forecast partly because of the unknown extent of COVID-19’s impact on the health care system.
The nation’s largest health insurance provider said Tuesday that it expects to take a hit in the new year from treatment and testing costs tied to the pandemic. It believes it may see more claims for things like elective surgeries that people deferred this year as the pandemic spread.
The company also cited a potential impact from rising unemployment, which can reduce employer-sponsored health insurance enrollment.
The company said it expects adjusted earnings to range from $17.75 to $18.25 per share on revenue of between $277 billion and $280 billion.
Analysts expect, on average, earnings of $18.39 per share on $278.46 billion in revenue in 2021, according to FactSet.
SVB Leerink analyst Stephen Tanal said in a research note that the initial forecast was “likely no worse than feared.”
Based in Minnetonka, Minnesota, UnitedHealth Group Inc. runs a health insurance business that covers about 48 million people, mostly in the United States.
Its Optum segment also runs one of the nation’s largest pharmacy benefit management operations as well as a growing number of clinics and urgent care and surgery centers.
UnitedHealth usually starts its annual forecasts conservatively, and CEO David Wichmann told analysts in October to expect that for 2021.
He said the company still has confidence in its long-term goal of 13% to 16% earnings growth, and UnitedHealth expects its underlying business to be strong.
But Wichmann also noted that the pandemic’s impact remains a big potential challenge. They still don’t know how it will affect the economy or a return to more normal levels of health care use.
Insurers like UnitedHealth reaped huge profits earlier this year when the pandemic forced patients to put off elective surgeries and other care that wasn’t deemed essential. But health insurers say those care levels have since nearly returned to normal.
Follow Tom Murphy on Twitter: @thpmurphy
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Banks dinged college students millions of dollars in fees last year College-sponsored bank accounts ding students with millions of dollars in fees each year, according to a report by the Consumer Financial Protection Bureau. ... Personal Finance
Facebook Dinged In Lawsuit, Report Card, Upcoming Documentary
Facebook Dinged In Lawsuit, Report Card, Upcoming Documentary
No rest for the weary, especially the folks at Facebook (ticker: FB). On Tuesday, the embattled social network and its WhatsApp and Instagram units were sued by BlackBerry (BB) for allegedly infringing patents and pilfering intellectual property from BlackBerry Messenger technology. Th… Tech Trader Daily
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Best Buy Q3 solid, but later iPhone X launch dinged revenue upside
Best Buy’s fiscal third quarter results were largely in line with expectations, but the timing of Apple’s iPhone X launch provided a headwind to revenue. The retailer, which has shifted to an omnichannel model well as the industry has struggled, reported fiscal third quarter earnings of 78 cents a share on revenue of $ 9.32 billion, up from $ 8.94 billion a year ago. Same store sales were up 4.4…
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