The Trump administration finalized a 2.48% Medicare Advantage payment hike for 2027 sending insurers soaring today. UNH UnitedHealth led gains as options traders extended bets through June. CVS CVS Health and HUM Humana jumped on reimbursement clarity.
The CDC halted testing for 27 infectious diseases including COVID and rabies amid agency downsizing. PFE Pfizer absorbed headlines as public health infrastructure faced cuts.
AVGO Broadcom topped overnight trending after Anthropic's AI partnership deal. The $1.1T chip giant grabbed heavy options flow through July as infrastructure bets intensified. Dense April expiries suggested event positioning.
Analysts warned against TSLA Tesla's SpaceX IPO plans. "The juice has been squeezed" on Elon Musk ventures per morning commentary. Options activity surged through June despite valuation skepticism.
UK composite PMI dropped to 50.5 from 53.9 missing estimates badly. Germany services PMI fell to 50.9 from 53.5. France services hit 48.8 staying in contraction territory. Eurozone composite PMI slid to 50.7 from 51.9 showing regional weakness.
Gulf states considered new pipelines to avoid Strait of Hormuz per FT reporting. Energy rationing spread from Bangladesh to Zambia as oil disruption persisted. World's top energy traders got wrongfooted by conflict scale as volatility exploded.
Schwab warned private credit faces "broader reset" in investor behavior amid rising market pressures. BX Blackstone and APO Apollo absorbed scrutiny as alternative lending came under pressure.
Chinese government bonds emerged as lone war haven. Yields dropped marginally since conflict started while other major economies rose. India's central bank blocked non-deliverable derivatives making rupee shorts harder.
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.
