Healthcare Giant CVS Slashes Profit Forecast and Misses Estimates Amid Surge in Medical Procedures

Boston, MA – CVS Health Corp announced a significant cut to its annual profit forecast and fell short of Wall Street expectations for first-quarter earnings. The company cited increased demand for non-urgent medical procedures leading to higher costs in its health insurance division. The U.S. healthcare giant revised its per-share adjusted earnings forecast for 2024 down to a minimum of $7.00 from the initial projection of at least $8.30. This adjustment reflects CVS’s anticipation of …

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Social Security’s 2025 COLA Estimates Highlight Potential Disappointment for Retirees

Baltimore, Maryland – Social Security plays a crucial role in the lives of millions of Americans, lifting many above the poverty line each year. A constant concern for the program’s beneficiaries is the annual cost-of-living adjustment (COLA) announcement by the Social Security Administration (SSA) in October, as these adjustments impact the financial stability of over 67 million recipients. The COLA is essential for ensuring that Social Security benefits keep pace with inflation. The calculation involves …

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Election Results: New Estimates Show Candidate Share of Final Vote

In Philadelphia, Pennsylvania, election results are being closely monitored to determine the outcome of the recent election. The Times has provided its own estimates for each candidate’s share of the final vote, as well as the number of remaining votes. These estimates are based on historic turnout data and information from results providers, but they may not reflect the latest reports from election officials. A team of producers, reporters, and editors have been diligently working …

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