Why did AT&T’s shares plunge today?
Shares of AT&T (T -19.10%) plummeted this morning after Discovery Communications officially closed on the deal to acquire WarnerMedia from the telecom giant, creating a new company called Warner Bros. Discovery.
What happened to the stock market in April?
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on April 28. Stocks sank on Friday, ending a miserable month for Wall Street. Stocks sank on Friday, ending what has been a miserable month for markets, especially for Big Tech.
What happened to big tech stocks in April?
Stocks sank on Friday, ending what has been a miserable month for markets, especially for Big Tech. The Dow Jones Industrial Average lost nearly 1,000 points, while the S&P 500 lost more than 3%, with both indexes posting hefty losses for April.
Fear of political headwinds that have been hammering health insurers has spread to the hospital operators that depend on them
Cory is a long-term minded analyst focused on the Healthcare Sector. He genuinely enjoys cutting through the complexity to help everyday investors make better decisions. Follow @coryrenauer
What happened
Shares of HCA Healthcare ( NYSE:HCA) , one of America's largest for-profit hospital operators, are under pressure thanks to a proliferation of presidential candidates supporting Medicare-for-all legislation that might pass after the 2020 election. Investors worried about HCA Healthcare's distant future pushed the stock down 10.4% on Tuesday.
So what
The sums HCA Healthcare receives from Medicare and Medicare Advantage are significantly lower than established gross charges for the services it provides.
Now what
This is a good time to remember that nothing changes quickly in healthcare. The ACA became law in 2010, but HCA Healthcare and its peers are still adjusting to the shift from pay-per-service arrangements to payments based on patient outcomes.
