- The markets got crushed yesterday but appear to be set to partially rebound today.
- Tesla dropped almost 5.75% yesterday and is down 44% year to date. The company reports earnings later today.
- Carvana also dropped 7% yesterday.
- RH also dropped by more than 3.3% and is down 60% year to date.
- Humana dropped 7% yesterday.
- “CMS rejected Humana’s appeal to improve its MA star ratings. Humana is now seeking expedited judgment in its lawsuit against the agency.” Click to see more from @KPMG_US Healthcare. Vince Vickers.
- Two hospital chain stocks dropped a good deal yesterday UHS dropped by more than 10% and Tenet Healthcare dropped by more than 9%. This largely reflects concerns with government reimbursement.
Mergers & Acquisitions
M&A Activity Down in Q1 Due to Uncertainty. “M&A is like a barometer of business