UnitedHealth shares are sinking as the insurer cuts its 2025 outlook

UnitedHealth slumped ~20% in premarket trading after posting disappointing results for the first quarter and lowering its profit forecast for the year.

In its Q1 and revised outlook report this morning, the healthcare and insurance giant revealed that heightened demand for its Medicare Advantage plans — used mostly by customers over the age of 65 — was “far above” expectations, weighing more heavily than expected on the company’s earnings so far in 2025.

While revenues for the first quarter rose to $109.6 billion, up $9.8 billion compared to the same period last year, and operating earnings climbed $1.2 billion in the same time frame, the company cut its net earnings per share forecast to $24.65 to $25.15 — down from its estimates of $28.15 to $28.65 in December.

Humana, Cigna, and Elevance Health were also down premarket.

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Max Knoblauch

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Automakers spike on report that Trump administration is considering tariff relief

The Trump administration is considering significant tariff relief for may major automakers, according to reporting by Reuters.

“The signal to the car companies around the world is, look, you have final assembly in the US, we're going to reward you,” Ohio’s Republican Senator Bernie Moreno told Reuters. For Ford, for Toyota, for Honda, for Tesla, for GM, those are the almost in order the top five domestic content vehicle producers —they'll be immune to tariffs."

The senator told Reuters that President Trump could potentially extend the higher levels of tariff offsets announced by the Commerce Department in June.

According to the White House, Moreno’s comments should be considered “speculative,” but shares of vehicle makers including Ford, GM, Toyota, Honda, and Stellantis all rose after the report came out.

Matt Phillips34m

Palantir disputes report of flaws in Army product

Palantir says security vulnerabilities with a prototype battlefield communications product highlighted in a September 5 Army memorandum have already been addressed, according to a Bloomberg report.

The company said any conclusion that the product was seriously flawed, drawn from reports in Reuters and an online publication known as Breaking Defense, were “out of date and inaccurate.”

Separately, Army officials also told Breaking Defense that deficiencies with the battlefield communication product were “mitigated immediately.”

Going into the last hour of trading, Palantir shares were on track for their worst day since August in the wake of the reports.

Palantir Rebuts Claims of Security Flaws After Stock Falls

J. Edward Moreno2h

Novo says it will offer weight loss pill via telehealth, Bloomberg reports

Hims & Hers slipped after Novo Nordisk’s US head David Moore told Bloomberg that the company plans to sell its upcoming weight loss pill through its current telehealth partners.

The company's weight-loss pill recently reported encouraging results in a late stage trial.

Novo currently has partnerships with Hims competitors like Ro and Weight Watchers. Hims had a deal with Novo earlier this year, which blew up epically in less than two months.

Novo Plans to Make Obesity Pill Available Online Once Approved

Nia Warfield3h

Shopify soars after Rothschild Redburn hikes price target to $200

Shopify popped nearly 7% Friday afternoon after Rothschild Redburn reiterated its “buy” rating and raised its price target to $200 from $180, tying the highest on Wall Street and about 23% above current levels.

The firm pointed to Shopify’s new partnership with OpenAI’s ChatGPT as a key growth driver, saying it opens up a fresh sales channel that, for now, only Shopify and Etsy merchants can tap into.

Analysts also highlighted that unlike the Magnificent 7 tech names, Shopify can fold AI revenue into its model without heavy capital spending, meaning those contributions could offer a quick boost to free cash flow.

On that note, the firm also bumped its 2025 to 2027 earnings estimates by about 6% to 8%. Shopify shares have already more than doubled over the past year and are up roughly 50% year to date.

Luke Kawa

Plug Power soars as HC Wainwright boosts price target to $7, highest on Wall Street, spurring record call buying

Call volumes set another record, exceeding last week’s high-water mark.

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