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NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at PwC and had little name recognition beyond the health care industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. When Thompson did occasionally draw attention, it was because of his role in shaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy rather than focusing on treating them once sick. “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson, who lived in a Minneapolis suburb and was the married father of two sons in high school, was set to speak at an investor meeting in a midtown New York hotel. He was on his own and about to enter the building when he was shot in the back by a masked assailant who fled on foot before pedaling an e-bike into Central Park a few blocks away, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporters Michael R. Sisak and Steve Karnowski contributed to this report. Murphy reported from Indianapolis. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest in local public safety news with this weekly email.
Pornyot Palilai/iStock via Getty Images Introduction To begin with, let me tell you a bit about my past article on the stock. I initiated my coverage of Super Micro Computer ( NASDAQ: SMCI ) stock in mid-January 2024 Struggle to access the latest reports from banks and hedge funds? With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information. Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information. Beyond the Wall Investing Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of SMCI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New YorkThe former Labour PM said the death of his newborn daughter in 2002 did “not convince me of the case for assisted dying; it convinced me of the value and imperative of good end-of-life care”. In a rare intervention ahead of the Commons debate on the Terminally Ill Adults (End of Life) Bill on Friday, November 29, Mr Brown shared a glimpse of the time he and his wife Sarah spent with their baby, Jennifer, who died when she was only 11 days old. Writing in the Guardian newspaper, Mr Brown said: “We could only sit with her, hold her tiny hand and be there for her as life ebbed away. She died in our arms. “But those days we spent with her remain among the most precious days of my and Sarah’s lives.” While he acknowledged that at the heart of the assisted dying debate is a “desire to prevent suffering”, the former Labour MP called for a commission on end-of-life care to be set up, instead of the law change which MPs will consider. This commission, he said, should work to create a “fully-funded, 10-year strategy for improved and comprehensive palliative care”. “When only a small fraction of the population are expected to choose assisted dying, would it not be better to focus all our energies on improving all-round hospice care to reach everyone in need of end of life support?” he said. Mr Brown added: “Medical advances that can transform end-of-life care and the horror of people dying alone, as with Covid, have taught us a great deal. “This generation have it in our power to ensure no-one should have to face death alone, uncared for, or subject to avoidable pain.” Kim Leadbeater, the Labour MP sponsoring the assisted dying Bill through the Commons, said she was “deeply touched” by Mr Brown’s decision to share his story. The Spen Valley MP said she agreed completely with his calls for better end-of-life care. But Ms Leadbeater added: “He and I agree on very many things but we don’t agree on this. “Only legislation by Parliament can put right what Sir Keir Starmer calls the ‘injustice that we have trapped within our current arrangement’. “The need to address the inability of the current law to provide people with safeguards against coercion and the choice of a better death, and to protect their loved ones from possible prosecution, cannot wait. “So for me it isn’t a case of one or the other. My Bill already includes the need for the Government to report back to Parliament on the availability and quality of palliative care, and I strongly support further detailed examination of its provision. We need to do both.” Though Ms Leadbeater made reference to the Prime Minister as she set out her difference from Mr Brown’s position, Sir Keir has opted not to say whether he will support the Bill. MPs will be given a free vote on the legislation, meaning their political parties will not require them to vote for or against it, and it will be a matter for their personal consideration. Home Secretary Yvette Cooper is the latest senior minister to disclose her position on assisted dying, signalling to broadcasters on Friday that she may support the Bill. “I continue to support the principle of needing change but also to ensure that we’ve got the proper safeguards and systems in place,” she told ITV’s Good Morning Britain. Asked if that meant a “yes” when the Bill comes to the Commons, she replied: “I think I last voted on this about 20 years ago and so I have supported the principle in the past and continue to believe that change is needed but we do need to have that debate on the detail and I’ll continue to follow that debate next Friday.”FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
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CONCORD, N.H. (AP) — A growing number of U.S. colleges and universities are advising international students to return to campus before President-elect Donald Trump is inaugurated, over concerns that he might impose travel bans like he did during his first administration. Related video above: Can birthright citizenship be repealed? Breaking down Trump’s proposal More than a dozen schools have issued advisories, even though Trump's plans remain uncertain. At some schools, the spring semester begins before Trump will take office, so students may have to be back in class anyway. But for anyone whose ability to stay in the United States depends on an academic visa, they say it's best to reduce their risks and get back to campus before Jan. 20. Here's a look at what Trump has said and done and how schools and students are preparing for his second term: What did Trump do in the past? Trump issued an executive order in January 2017 banning travel to the U.S. by citizens of seven predominantly Muslim countries — Iraq, Syria, Iran, Sudan, Libya, Somalia and Yemen. Travelers from those nations were either barred from getting on their flights or detained at U.S. airports after they landed. They included students and faculty as well as business people, tourists and visitors to friends and family. Trump later removed some countries and added others to the list — 15 nations were affected at some point during his presidency. More than 40,000 people were ultimately refused visas because of the ban, according to the U.S. State Department. President Joe Biden rescinded the orders when he took office in 2021. How are students being affected? More than 1.1 million international students were enrolled in U.S. colleges and universities during the 2023-24 school year, according to Open Doors, a data project partially funded by the U.S. State Department. Students from India and China have accounted for more than half of all international students in the U.S., and about 43,800 come from the 15 countries affected by Trump's travel restrictions. Jacky Li, a third-year environmental studies major at the University of California, Berkeley, will be traveling home to China on Dec. 21 and returning Jan. 16. Though he made his plans months before Berkeley officials sent the advisory, he said worry is growing among international students. "There's a fear that this kind of restriction will enlarge into a wider community, considering the geopolitical tensions nowadays around the world, so the fear is definitely there," said Li, who urged Trump to support, rather than thwart, important academic research. "If the U.S. is really a champion of academic freedom, what you should do is not restrict this kind of communications between different countries of the world," he said. What might Trump do now? Trump's transition team did not respond to questions on the topic this week, but in the past, he has said he'll revive the travel ban and expand it, pledging new "ideological screening" for non-U.S. citizens to bar "dangerous lunatics, haters, bigots and maniacs." "We aren't bringing in anyone from Gaza, Syria, Somalia, Yemen or Libya or anywhere else that threatens our security," Trump said at an October 2023 campaign event in Iowa. Trump also vowed to "revoke the student visas of radical anti-American and anti-Semitic foreigners at our colleges and universities" in response to campus protests. What are schools telling students? School officials have advised international students heading home for winter break to return before Inauguration Day and to prepare for possible delays at immigration control. The list includes Ivy League universities such as Harvard and Brown, Boston schools such as Northeastern University and the Massachusetts Institute of Technology, and other schools around the country, from Johns Hopkins University to the University of Southern California. Some offer classes that begin the day after Inauguration Day. Cornell University told its students that a travel ban involving the 13 nations Trump previously targeted "is likely to go into effect soon after inauguration" and that new countries could be added to the list, particularly China and India. It advised students, faculty and staff from those countries to return to campus before the semester starts Jan. 21. Other schools didn't go so far as to say a ban is likely but instead advised students to plan ahead and prepare for delays.
Future Vision II Acquisition Corp. Announces Entering into Amendment No. 1 to Merger Agreement with Viwo Technology Inc.Saturday, December 21, 2024 Lufthansa Group is advancing its commitment to sustainability and efficiency with an expanded order for Airbus A350-1000 aircraft. Increasing its firm commitment from 10 to 15 jets, the Group plans to integrate these state-of-the-art planes into its fleet between 2028 and 2030. This $2 billion USD investment underscores Lufthansa’s dedication to fleet modernization and environmental responsibility. Upon delivery, the airline will operate a total of 75 A350 aircraft, comprising 60 A350-900s and 15 A350-1000s, solidifying its position as one of the largest A350 customers worldwide. The A350-1000’s advanced technology reduces fuel consumption and emissions by 25% compared to older models, supporting Lufthansa’s goal of achieving net-zero emissions by 2050. Beyond sustainability, the A350-1000 is designed to enhance the passenger experience. With spacious cabins, advanced air filtration systems, and ergonomic seating across all classes, the aircraft offers travelers a quieter and more comfortable journey. This fleet expansion not only reflects Lufthansa Group’s operational ambitions but also its vision to lead the aviation industry into a sustainable future. By investing in cutting-edge technology, Lufthansa is setting new benchmarks for innovation and environmentally conscious air travel while maintaining its role as a global connector of people and destinations. Carsten Spohr , Chairman of the Executive Board and CEO of Deutsche Lufthansa AG: “Today’s order underscores our great confidence in our long-standing, close and successful partnership with Airbus. With the state-of-the-art A350 long-haul jets, we are accelerating the largest fleet modernization the Group has done so far. We are investing more than ever before to make air transport more sustainable, to achieve our CO2 reduction targets and at the same time offer our customers the highest level of comfort with a first-class travel experience. Including today’s order, the Lufthansa Group has ordered 770 aircraft from Airbus throughout its history and is proud to be the Airbus’ largest customer worldwide. With the upcoming integration of ITA Airways in January, the Airbus fleet of Lufthansa Group Airlines will grow by another 100 short- and long-haul aircraft.” New Aircraft: Key to Lufthansa Group’s CO2 Reduction Strategy The Lufthansa Group, with a current fleet of approximately 740 commercial aircraft, is implementing a long-term fleet strategy centered on premium quality, cost efficiency, and significant reductions in emissions. Following its latest order, the Group has around 250 new fuel-efficient aircraft on its order list, including 100 state-of-the-art long-haul jets. These advanced aircraft are set to replace less efficient, four-engine models such as the Boeing 747-400, Airbus A340-600, and Airbus A340-300, which are being gradually phased out. The new fleet additions are designed to consume up to 35% less fuel compared to their predecessors, resulting in significantly lower CO2 emissions. These measures are part of Lufthansa’s broader environmental commitment to halve its net CO2 emissions by 2030 compared to 2019 levels through reduction and compensation efforts, and to achieve carbon neutrality by 2050. Among the highlights of its fleet modernization is the Airbus A350-1000, ten of which were ordered in March 2023. Deliveries for this fuel-efficient aircraft, which is 73.8 meters long and offers 15% more capacity than the A350-900, are scheduled to begin in April 2026. The new aircraft will play a pivotal role in achieving Lufthansa’s ambitious sustainability goals.
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The long-simmering discord has boiled over between a Eugene group that feeds the homeless in a park and city administrators who say the nonprofit needs to follow the same rules as everyone else. A police spokesperson confirms that officers on Dec. 5 warned Neighbors Feeding Neighbors they could be “cited or arrested” for serving free meals in Jefferson Washington Park, a sprawling linear greenspace built beneath an elevated freeway west of the city’s downtown. The warning comes 13 weeks after the faith-based group’s event permit expired, and follows six months of back-and-forth over what the city says are other code violations, as well as complaints from businesses that the no-barriers service is attracting unwanted elements. Neighbors Feeding Neighbors organizer Lisa Levsen says her group plans to keep defying city rules. “The volunteers serving on our line are willing to go to jail, because we feel called in our compassion as a community of faith to feed the hungry and clothe the naked,” she said Tuesday. “We won’t stop.” Clashes between social service groups who say government regulations are too onerous and city officials who try to hold the line have become more common as Oregon’s homeless population grows. Free Hot Soup, a Portland volunteer effort, spent years fighting over permits in downtown’s Director Park. In September, the coastal city of Brookings opened its checkbook after losing a yearslong legal battle against a local church’s soup kitchen. In this case, Neighbors Feeding Neighbors incorporated as a nonprofit just last month but is an offshoot of a decade-old program that has operated under several names, according to Levsen. The group has historically fed the homeless breakfast and lunch from Wednesday to Saturday each week, Levsen said, but has seen the number of guests rise dramatically in recent months from 60 people a meal to roughly 150. A free clothing service is also offered. Parks Department spokesperson Kelly Shadwick said the group has advertised its services on other days of the week and failed to obtain liability insurance. While the group had previously been paying just $40 a month for a permit, Shadwick said the city attorney advised the department that their rules only allow for daily permits, which cost $75. “We have worked for many, many, many months with Neighbors Feeding Neighbors,” Shadwick said, “and they never got back in compliance. At a certain point it has to be addressed.” Levsen blamed the lack of insurance on a communication breakdown. Moreover, she said a $1,500 monthly fee would be ruinous for a group operating primarily on donations, with income of less than $10,000 a year. “Those fees are actually set arbitrarily,” Levsen said. “We plan on going to the City Council... and saying, ‘Since we’re a nonprofit feeding the hungry that asks you for nothing, could you consider reducing them for us?’” Get local news delivered to your inbox!
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Hardware Encryption Market: Extensive Overview of Leading Global Companies, Business Strategies, Emerging Opportunities, Regional Analysis, and Market Size Forecasts Until 2031 12-21-2024 01:12 PM CET | IT, New Media & Software Press release from: Coherent Market Insights Pvt Ltd Hardware Encryption The latest report titled ""Hardware Encryption Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The Hardware Encryption market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the Hardware Encryption market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the Hardware Encryption market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102432 Report Overview and Scope: This report focuses on the global Hardware Encryption market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the Hardware Encryption market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102432 FAQ's: Which are the dominant players of the Hardware Encryption Market? What will be the size of the Hardware Encryption Market in the coming years? Which segment will lead the Hardware Encryption Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the Hardware Encryption Market? What are the go-to strategies adopted in the Hardware Encryption Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
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