Centene Corporation CNC reported first-quarter sales of $40.41 billion, up 11% Y/Y, beating the consensus of $36.14 billion. Premium and service revenues increased 4% to $36.3 billion, driven by membership growth in the Marketplace business due to strong product positioning and overall market growth, partially offset by recent divestitures in the Other segment and lower Medicaid membership.
Open FlipIn a recent prediction, Strike CEO Jack Mallers has forecasted a potential seven-figure price for Bitcoin BTC/USD during the current cycle, driven by efforts to save the bond market. Mallers, the head of Bitcoin’s Lightning Network wallet Strike, believes that Bitcoin could appreciate between 297% and 1,486% from its current level, Daily Hodl reported on Friday.
Open FlipTesla bull Ross Gerber has suggested that the tech sector’s earnings reports are indicative of substantial AI infrastructure spending. What Happened: Gerber took to X, formerly Twitter, on Thursday to express his views on the tech sector’s earnings reports. He believes that the consistent trend of these reports points towards a significant increase in AI infrastructure spending.
Open Flip