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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.Hyderabad: The Hyderabad Metropolitan Development Authority (HMDA) claims to have witnessed a significant increase in the new applications for all types of development and construction permissions given under the TGbPass this year. In contrast with the claims from the opposition parties that the real estate sector was on a declining trend, HMDA claims that the data showed the continuing trust of all the stakeholder in the real estate sector. According to HMDA, the number of new development permission applications received from July 2024 to November 2024 has increased from 1,326 (in 2023) to 1,920 (in 2024), marking an increase by 45 %. The number of new building permission applications received from July to November in 2024 has increased from 756 (in 2023) to 1,061 (in 2024), marking an increase by 40 %. The number of new occupancy certificate applications received from July to November in 2024 has increased from 467 (in 2023) to 560 (in 2024), marking an increase by 20 %. The number of layouts with housing, layouts with open plots and final layout applications received from July 2024 to November in 2024 has increased from 103 (in 2023) to 299 (in 2024), marking an increase by 190 %. The disposal of all development permission applications in the period from July 2024 to November 2024 has increased from 2,065 (in 2023) to 2,563 (in 2024), marking an increase by 24 %. The disposal of building permission applications received from July 2024 to November 2024 has increased from 1,196 (in 2023) to 1,414 (in 2024), marking an increase by 18%. The disposal of occupancy certificate applications received from July 2024 to November 2024 has increased from 690 (in 2023) to 811 (in 2024), marking an increase by 18%. The disposal of layouts with housing, layouts with open plots and final layout applications received from July 2024 to November 2024 has increased from 179 to 335, marking an increase by 87 %. The receipt of new development permission applications has increased from 267 (in 2023) to 399 (in 2024), marking an increase by 49 %, and the disposal of development permissions applications has increased from 427 (in 2023) to 630 by November 2024, marking an increase of 48%. The receipt of new building permission applications in increased from 149 (in 2023) to 228 (by November 2024), marking an increase by 53 %, and the disposal of building permission applications increased from 259 (in 2023) to 367 (by November 2024), marking an increase by 42%. The receipt of new occupancy certificate applications in the month of November increased from 102 (in 2023) to 106 (in 2024), marking an increase of 4 %, and the disposal of development permission applications in November increased from 137 (in 2023) to 174 (in 2024), marking an increase by 27%. The receipt of new layouts with housing, layout with open plots and final layouts applications in the month of November has increased from 16 (in 2023) to 65 (in 2024), marking an increase by 306 %, and the disposal of development permission applications in the month of November has increased from 31 (in 2023) to 89 (in 2024), marking an increase by 187%. “With an increase in receipt and disposal being observed in the second half of 2024, coupled with high priority infrastructure projects like elevated corridors, HCITI flyovers, radial roads etc., we are confident that the city and its real estate sector will continue to shine and grow,” a statement released by HMDA on Wednesday claimed.
RALEIGH — Jackson Blake scored a power-play goal with 9:17 remaining to give Carolina the lead, and Jack Roslovic scored twice as the Hurricanes beat the New Jersey Devils 5-2 on Saturday night. Dmitry Orlov and Sebastian Aho also scored in Carolina’s four-goal third period. Dustin Tokarski had 21 saves to help the Hurricanes forge a split of the home-and-home on consecutive nights. Paul Cotter and Ondrej Palat scored for the Devils, who dropped a three-game winning streak. Jake Allen stopped 37 shots, but has gone more than a month without a victory. Carolina’s Rod Brind’Amour became the fastest coach to 300 wins in NHL history. It was the Hurricanes’ 488th game under Brind’Amour, who reached that mark in eight fewer games than Bruce Boudreau. New Jersey won 4-2 on Friday night at home. Devils: New Jersey was in range of notching a season-high four-game winning streak before the Hurricanes racked up three goals in about 11 minutes. The Devils allowed a total of two goals in its three previous games. Hurricanes: Carolina didn’t score until its 30th shot of the game on Orlov’s blast from the right circle with 30 seconds left in the second period. Defenseman Ty Smith made his Hurricanes debut against his former team with Shayne Gostisbehere out for the first time this season with an upper-body injury. New Jersey’s Timo Meier was called for a five-minute major and game misconduct after a center-ice hit on Hurricanes scoring leader Martin Necas (14 goals, 30 assists). Carolina took the lead on the ensuing power play. The teams split four meetings this season. The first three results came by 4-2 scores. The Devils play at the Anaheim Ducks on Tuesday, and the Hurricanes visit the Columbus Blue Jackets. Get local news delivered to your inbox! {{description}} Email notifications are only sent once a day, and only if there are new matching items.
Upcoming IPO: Payments solution provider Seshaasai Technologies files DRHP with SEBI to raise funds via IPOBy Molly Farrar Rapper Lil Xan, headlining a Harvard v. Yale pre-game party at a downtown Boston nightclub last month, allegedly kicked a student in the head before fleeing the venue, police said. Lil Xan, whose real name is Nicholas Diego Leanos, performed at the Royale Nightclub Nov. 22, the night before the popular football game. Boston police responded to the club around 1:38 a.m. the next morning. Boston police spoke to the alleged victim, who said he was kicked in the face and hit with a microphone by the performer, according to a police report. The Harvard Crimson identified the man as a Harvard sophomore. Boston police said the investigation is active with no arrests, and the report lists the charge as aggravated assault with a weapon. The man’s father told police the assault happened “for no reason,” and that he called first responders because his son was unconscious for a few minutes. The alleged victim denied medical treatment, the report said. In an apparent video of the incident , Leanos appears to reached down from the stage and punch a man in the face. He then throws his microphone at him and kicks him in the face. Leanos, 28, then walks off stage. Royale staff said he then assaulted another person and a security officer before fleeing the venue, Boston police reported. Leanos addressed the incident on his Instagram story, alleging the victim was attempting to touch his genitals. TMZ reported that another angle of the altercation shows the man giving Leanos the middle finger. “Am I proud of how I acted or handled the situation hell no, I feel terrible about it, I’m a human just like you, and I will be doing some heavy reflecting after this,” the post read . The Royale did not respond to a request for comment Wednesday evening. Molly Farrar Molly Farrar is a general assignment reporter for Boston.com, focusing on education, politics, crime, and more. Boston.com Today Sign up to receive the latest headlines in your inbox each morning. Be civil. Be kind.
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
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