Medicare finalized a 2.48% rate increase for private insurers in 2027 today. The announcement lifted managed care names after market close. ALHC Alignment Healthcare, CI Cigna, CNC Centene, CVS CVS Health, ELV Elevance Health, HUM Humana, and MOH Molina all stood to benefit from the rate boost.
The timing arrived as defensive healthcare rotation accelerated. March jobs data came in stronger than expected Friday providing mixed signals on Fed policy. Treasury yields held steady despite the upbeat employment report.
EXPO Exponent named John Pye president and Eric Anderson CFO effective May 1. Karen Richardson joins as board chairman June 4. MUSA Murphy USA appointed Donald Smith as CFO effective April 3 as energy sector turnover continued.
CTRE CareTrust REIT closed $119M in California senior housing and skilled nursing acquisitions. The deal included $5M in additional capital improvement funds due within 18 months.
STIM Neuronetics announced CFO departure effective May 1 while cutting 5% of workforce. The medical device maker expects $200K restructuring charges and $3M in annual savings. FMC FMC Corp secured EU approval for Isoflex Active with product launches planned for 2027.
Dollar rose against peers on renewed Middle East conflict concerns. Gold dropped on stronger dollar and rising rate expectations. FT reported Gulf states considering new pipelines to bypass the Strait of Hormuz despite massive costs. The energy shock continued wrongfooting top traders as conflict dynamics shifted daily.
Asia markets traded mixed Easter Monday as investors assessed Trump comments on Iran war timeline. European stocks posted worst month since 2022 with extended conflict dragging risk sentiment.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
