Investing.com -- Centene Corporation (NYSE: CNC) stock tumbled 20% after the health insurer withdrew its 2025 earnings guidance, citing unexpected challenges in its Health Insurance Marketplace business and rising Medicaid costs.
The company’s decision to pull its previous 2025 GAAP and adjusted diluted earnings per share guidance came after receiving concerning data about its Marketplace business. Centene’s analysis of information from independent actuarial firm... (continue reading...)
Investing.com -- Cloud-based collaborative web design platform Figma filed for an initial public offering in the United States on Tuesday.
The company plans to list on the New York Stock Exchange under the ticker symbol "FIG".
Figma didn’t disclose the proposed sizing or pricing range for the offering. According to the filing, the company had revenue of $228.2 million for the three months ended March 31, with a net income of $44.9 million during the same period.
Morgan... (continue reading...)
Investing.com -- Bank of America has raised its GDP forecasts for Vietnam, Malaysia, Singapore and, to a lesser extent, Indonesia, saying the region heads into the second half with fewer downside risks than it faced in early April.
A short‑term surge in shipments to the United States, partly the result of firms rushing orders ahead of new tariff rules, has bolstered factory orders and lifted purchasing‑managers’ indices in Vietnam and Thailand. Singapore has seen a jump... (continue reading...)
Investing.com -- Private equity firm Clayton Dubilier&Rice has entered the competition to acquire Castrol, BP (NYSE: BP)’s lubricant business valued at approximately $8 billion, according to Sky News, citing sources familiar with the matter.
The firm joins several other bidders in the auction for the BP unit, including Apollo Global Management (NYSE: APO), Lone Star Funds, and India’s Reliance Industries (NSE:RELI), whose involvement Bloomberg News previously... (continue reading...)
Investing.com -- Shares of nuclear microreactor companies tumbled after the U.S. Department of Energy (DOE) announced its first selections for testing in a new experimental facility, bypassing several publicly traded firms.
Nuscale Power Corp (NYSE: SMR) stock dropped 7.5%, Nano Nuclear Energy Inc (NASDAQ: NNE) fell 5.5%, and Oklo Inc (NYSE: OKLO) declined 6.7% following news that Westinghouse and Radiant were conditionally selected for the first tests in the... (continue reading...)
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