Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid

Elevance makes a late cut to its 2024 forecast after seeing trouble in Medicaid

Shares of Elevance tumbled early Thursday after the insurer said rising Medicaid costs prompted a 2024 forecast cut less than three months before the year’s end. The Blue Cross-Blue Shield insurer said it was dealing with a “timing mismatch” between Medicaid rates and higher claims from its customers. The company dropped its forecast for 2024 … Read more

Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives

Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Ives, Wedbush Securities managing partner, joins ‘Squawk Box’ to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more. Source link