Molina Drops After Lowering Guidance Twice in One Month
Several health insurance companies haven't done a good job of predicting medical costs recently, unsettling investors and driving down stock prices. Molina's shares hit their lowest level since September 2020. Centene Corp. and UnitedHealth Group Inc. both withdrew their forecasts earlier this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Poll: 14% of Americans would consider supporting Elon Musk's America Party
In contrast, 55% say they would not consider supporting Musk's party. On July 4, Tesla CEO Elon Musk asked his followers on X — the social media platform he owns — whether he should 'create' something called the America Party to give them 'independence' from the country's 'two-party (some would say uniparty) system.' More than 1.2 million users responded to Musk's snap poll: 65% said yes; 35% said no. 'By a factor of 2 to 1, you want a new political party and you shall have it!' Musk vowed the following day. Since then, however, Musk hasn't taken any visible steps to deliver on his promise. A new Yahoo/YouGov survey — which captures a representative sample of the U.S. population, in contrast to informal social media polls — suggests possible challenges ahead: Just 14% of Americans say they would be open to 'supporting a third party created by Musk.' In contrast, 55% say they would not consider supporting Musk's party. Why Musk wants a new party The survey of 1,729 U.S. adults, which was conducted from July 24 to July 28, comes a little more than a month after Musk and President Trump had a public falling-out over Trump's 'big, beautiful bill.' Trump claimed that Musk was 'upset' about 'losing his EV mandate' (the $7,500 federal tax credit that has made buying or leasing electric vehicles such as Teslas more attractive and affordable for consumers). Musk insisted he was concerned only with the legislation's effect on federal spending — namely, initial estimates that showed it would 'massively increase the already gigantic budget deficit ... and burden America citizens with crushingly unsustainable debt,' as he wrote on X. 'I'm sorry, but I just can't stand it anymore,' Musk continued. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.' When a revised version of Trump's bill passed the Senate in early July with a $3.3 trillion deficit projection, Musk unveiled his America Party idea. 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk wrote on X. 'Today, the America Party is formed to give you back your freedom.' People don't love the 2-party system Americans aren't opposed to having alternatives at the ballot box — in theory. The new Yahoo/YouGov poll finds that more of them approve (39%) than disapprove (28%) of the concept of creating a 'third major U.S. political party to compete with the Democratic Party and the Republican Party'; 33% say they are not sure. Naturally, the idea of creating a third party is more popular with Americans who already identify as independents (56%) than with those who identify as Democrats (34%) or Republicans (32%). But the two parties themselves aren't especially well liked either. Majorities see both unfavorably (55% for the GOP, 56% for the Dems) rather than favorably (38% for the GOP, 36% for the Dems). And when respondents are asked how well each major party represents their views, more than half say 'not very well' or 'not at all' for both the Democrats (51%) and the Republicans (52%). Yet the overlap between these two categories — individuals who say they don't like either party — is relatively small, which may pose difficulties for Musk. About a quarter (22%) have an unfavorable view of both the Republicans and the Democrats, and fewer (18%) say neither side represents their views 'very well' or 'at all.' Musk keeps getting less popular In the Yahoo/YouGov poll conducted immediately after Trump won reelection last November, Musk earned a net positive rating (49% favorable, 39% unfavorable). That made him the most popular of the eight incoming Trump Cabinet members and senior advisers respondents were asked to appraise. Yet by April 2025 — following several months as the leader of Trump's Department of Government Efficiency (DOGE) — Musk's ratings had flipped to 39% favorable, 55% unfavorable. Today, he is further underwater (32% favorable, 59% unfavorable). Musk is currently seen in a negative light by a clear majority of Democrats (9% favorable, 88% unfavorable) and nearly two-thirds of independents (30% favorable, 64% unfavorable). He still gets a net positive rating from a majority of Republicans (59% favorable, 30% unfavorable), but their enthusiasm has cooled; while 52% of Republicans saw Musk 'very favorably' last November, only 17% now feel that way about him. Since March, the number of Americans who think Musk is 'mostly trying to help the country' has fallen from 36% to 23%, whereas the number who think he is 'mostly trying to help himself' has risen from 52% to 56%. The share of Republicans who think Musk is mostly trying to help the country, meanwhile, has declined by 30 points — from 73% to 43%. The proposed policy focus of Musk's America Party — stopping the federal government from 'bankrupting our country with waste & graft,' as he put it — isn't people's top priority either. Asked what they would want a 'third major political party' to 'focus mostly on,' 26% of Americans said 'cutting government spending.' Significantly more (46%) said 'other issues.' __________________ The Yahoo survey was conducted by YouGov using a nationally representative sample of 1,729 U.S. adults interviewed online from July 24 to July 28, 2025. The sample was weighted according to gender, age, race, education, 2024 election turnout and presidential vote, party identification and current voter registration status. Demographic weighting targets come from the 2019 American Community Survey. Party identification is weighted to the estimated distribution at the time of the election (31% Democratic, 32% Republican). Respondents were selected from YouGov's opt-in panel to be representative of all U.S. adults. The margin of error is approximately 3.1%.
Yahoo
23 minutes ago
- Yahoo
Dissenting Fed officials tie votes to labor market concerns
By Michael S. Derby (Reuters) -The two Federal Reserve governors who favored an interest rate cut at the U.S. central bank's policy meeting this week said on Friday they did so largely due to rising concerns about the job market, amid expectations that any price increases related to trade tariffs will not lead to lasting price pressures. "With economic growth slowing this year and signs of a less dynamic labor market, I saw it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting," Vice Chair for Supervision Michelle Bowman said in a statement. "In my view, this action would have proactively hedged against a further weakening in the economy and the risk of damage to the labor market," she said. Governor Christopher Waller said in a separate statement that "with underlying inflation near target and the upside risks to inflation limited, we should not wait until the labor market deteriorates before we cut the policy rate." Waller said the job market is nearing stall speed and the Fed's rate target should be closer to its neutral level. Waller said of the Fed's broader approach to monetary policy right now that "I believe that the wait and see approach is overly cautious, and, in my opinion, does not properly balance the risks to the outlook and could lead to policy falling behind the curve." The policymakers weighed in after casting dissenting votes against the Federal Open Market Committee's decision on Wednesday to hold its benchmark interest rate in the 4.25%-4.50% range. The dissents marked the first time that many governors had opposed the Fed's consensus view since late 1993. Comments made by Waller and Bowman going into the meeting had led many observers to expect their dissents. Waller has been most explicit in arguing for lower rates, saying the risks are rising for the job market while tariff-related inflation increases are likely to be a one-time shift the Fed could ignore. Bowman also expressed skepticism that tariffs would cause sustained inflation problems. The dissents also garnered interest because of the broader political currents buffeting the Fed. President Donald Trump has been pushing aggressively for rate cuts, excoriating Fed Chair Jerome Powell for failing to heed the White House's demands. Waller, who noted last month that his view was not "political" is widely considered to be in the running to succeed Powell when his term expires next May. Bowman, who was recently elevated to the Fed's bank overseer role by Trump, had previously been on the more hawkish end of the monetary policy spectrum, having dissented last fall in favor of a smaller rate cut than what the Fed delivered. Nodding toward the potential ambitions of the dissenters, Michael Feroli, chief U.S. economist at JP Morgan, described their votes on Wednesday as "two job applications attached" to the FOMC statement, even as he noted, "we don't read too much into these dissents for the future direction of policy." 'GOOD MEETING' As for the rest of the Fed's policymakers, they voted in favor of holding rates steady because even as some risks to the outlook are emerging, they are still wary of what Trump's tariffs will do to price pressures. "The economy is in a solid position" and "for the time being, we're well positioned to learn more about the likely course of the economy and the evolving balance of risks before adjusting our policy stance," Powell said at a press conference on Wednesday after the end of the Fed's two-day policy meeting. Powell appeared to see no downsides to the dissents. He described the FOMC gathering as a "good meeting" and added, "what you want from everybody, and also from a dissenter, is a clear explanation of what your thinking is and what are the arguments you're making ... We had that today." Powell did not indicate whether the dissenters had moved the consensus. "We haven't made any decisions about September. We'll be monitoring all the incoming data and asking ourselves whether the federal funds rate is in the right place." The Fed's next policy meeting is scheduled for September 16-17.
Yahoo
23 minutes ago
- Yahoo
European Wax Center Debuts Its First-Ever All Over Deodorant
Formulated for full body use, the aluminum-free cream deodorant neutralizes odor, helps reduce hair thickness, and keeps skin smooth between waxes PLANO, Texas, Aug. 1, 2025 /PRNewswire/ -- European Wax Center, Inc. (NASDAQ: EWCZ), the leading franchisor and operator of out-of-home waxing services, is thrilled to unveil the newest addition to its award-winning EWC TREAT® line: EWC TREAT® All Over Deodorant. The brand's first-ever full-body cream deodorant goes beyond underarms to deliver long-lasting odor protection and skin-smoothing benefits across the entire body, including underarms, bikini area, inner thighs, chest, and feet. The gentle yet powerful formula is aluminum-free, pH balanced, and dermatologist and gynecologist tested, making it safe for even the most sensitive areas. Lightly fragranced with a refreshing blend of bergamot, orange blossom, and sage, the deodorant is infused with skin-loving ingredients designed to keep you fresh, smooth, and confident between waxes, including: Glycolic Acid (AHA): Helps neutralize odor and gently exfoliates Prebiotics: Support the skin's natural balance Narcissus Bulb Extract: A sustainable, daffodil-derived ingredient that helps to visibly reduce hair thickness between waxes "We're thrilled to expand our EWC TREAT® line with the All Over Deodorant—an addition to our product lineup that reflects our commitment to full body confidence," said Katie Mullen, Chief Commercial Officer of European Wax Center. "This clinically tested formula was thoughtfully created for guests who want clean, effective solutions that go beyond underarms. The All Over Deodorant is a natural extension of our expertise in body grooming and aims to help every person feel comfortable, confident, and cared for in their skin." Formulated without aluminum, sulfates, parabens, or phthalates, the EWC TREAT® All Over Deodorant is ideal for those who want a multitasking deodorant that doesn't stain—and doesn't stop at the underarms. The EWC TREAT® All Over Deodorant is available for $18 at and in European Wax Center locations nationwide. About European Wax Center European Wax Center, Inc. (NASDAQ: EWCZ) is the leading franchisor and operator of out-of-home waxing services in the United States. European Wax Center locations perform more than 23 million services per year, providing guests with an unparalleled, professional personal care experience administered by highly trained wax specialists within the privacy of clean, individual waxing suites. The Company continues to revolutionize the waxing industry with its innovative Comfort Wax® formulated with the highest quality ingredients to make waxing a more efficient and relatively painless experience, along with its collection of proprietary products to help enhance and extend waxing results. By leading with its values – We Care About Each Other, We Do the Right Thing, We Delight Our Guests, and We Have Fun While Being Awesome – the Company is proud to be Certified™ by Great Place to Work®. European Wax Center, Inc. was founded in 2004 and is headquartered in Plano, Texas. Its network, which includes more than 1,000 centers in 44 states, generated sales of $951 million in fiscal 2024. For more information, including how to receive your first wax free, please visit: View original content to download multimedia: SOURCE European Wax Center Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
