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UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast - TL;DR CNBC

UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast

Publishing timestamp: 2025-05-13 13:02:42


Summary

UnitedHealth Group CEO Andrew Witty is stepping down for "personal reasons" and the company has suspended its 2025 forecast, causing shares to tumble nearly 10%. The decision to pull guidance was partly due to higher medical costs, impacting other insurance stocks as well. The company expects to return to growth in 2026.


Sentiment: NEGATIVE

Tickers: ELVHUMUNHCVSCI

Keywords: business newshealth care industrybreaking news: businessunitedhealth group incbusinesspharmaceuticalshumana incbiotechnologycvs health corpbiotech and pharmaceuticalselevance health inccigna group

Source: https://www.cnbc.com/2025/05/13/unitedhealth-group-ceo-andrew-witty-steps-down.html


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