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UnitedHealth responds to arrest of suspect in CEO killing

A suspect in the killing of UnitedHealthcare CEO Brian Thompson last week was detained on Monday in Altoona, Pennsylvania. The person of interest has been identified as 26-year-old Luigi Mangione.  UnitedHealth Group, parent company of UnitedHealthcare the insurance arm, told FOX Business: “Our hope is that today’s apprehension brings some relief to Brian’s family, friends,

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Feds mandate bird flu testing of milk supply

The United States issued a federal order on Friday mandating that the national milk supply be tested for bird flu, Agriculture Secretary Tom Vilsack told Reuters, as authorities seek to grapple with rapid spread of the virus among dairy herds. Bird flu has infected more than 500 dairy herds in top milk state California, and

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UnitedHealthcare CEO shot dead in NYC: What happened, the latest on the murder

UnitedHealthcare CEO Brian Thompson was gunned down in New York City Wednesday as he was headed to the company’s annual investor day. The company, the insurance arm of UnitedHealth Group, canceled the meeting.  The NYPD quickly informed the public the killing was a targeted hit, and a nationwide manhunt is underway. On Friday, law enforcement

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UnitedHealthcare accused of relying on AI algorithms to deny Medicare Advantage claims

Democrats on a Senate subcommittee are accusing UnitedHealthcare Group of denying claims to a growing number of patients as it tried to leverage artificial intelligence to automate the process. In an October report, “How Medicare Advantage Insurers Have Denied Patients Access to Post-Acute Care,” Democrats on the U.S. Senate Permanent Subcommittee on Investigations (PSI) released

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Trump congratulates bitcoiners — El Salvador’s Nayib Bukele takes victory lap with bitcoin over 100K

President-elect Donald Trump congratulated bitcoin holders, and El Salvador’s President Nayib Bukele took a victory lap on social media in response to bitcoin surpassing $100,000. “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” Trump declared on Truth Social. Trump, who positioned himself as a pro-crypto candidate during the 2024 election, pledged

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Bitcoin hits $100,000 for the first time ever

Bitcoin prices topped $100,000 for the first time ever on Wednesday as the cryptocurrency continued its record-setting run in the wake of President-elect Trump’s election victory and more buzz that the incoming administration will have a crypto czar.  The price of bitcoin rose from $69,121 the day before Election Day to what was then an

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Intel’s Pat Gelsinger departing chipmaker with millions in severance

Intel’s former CEO Pat Gelsinger is in line to receive millions of dollars in severance and other compensation following his decision this weekend to step down and retire from the struggling chipmaker. The 63-year-old Gelsinger resigned from Intel and its subsidiary, Mobileye, on Sunday, Dec. 1, after spending three decades of his career at the company,

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DOJ launched probe into UnitedHealth for insider trading and attempted to stop monopoly

Multiple senior executives at UnitedHealthcare have been under investigation by the Department of Justice, though it is not clear if CEO Brian Thompson was part of that investigation before his murder. Thompson was gunned down in midtown Manhattan on Wednesday morning in what police are calling a targeted attack. There were reports that the executives

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Campbell’s CEO to retire, join Washington Commanders’ front office

Campbell’s Co. CEO Mark Clouse will retire from the packaged food company and join the front office of the NFL’s Washington Commanders early next year. The Commanders said Tuesday that Clouse will take on the role of president and head the team’s business operations in late January.  The last day of his six-year tenure as

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Foot Locker shares sink after weak quarterly results

Foot Locker shares fell on Wednesday after the retailer severely missed Wall Street’s quarterly earnings estimates and cut its full-year sales and earnings forecast.  The retailer’s stock fell by as much as 16% during morning trading as the company reported that it incurred a loss of $33 million, or 34 cents per share, for the

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