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UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York

As baseball staffers, agents and media members alike started to congregate around the hotel's central bar, the conversation, predictably, was dominated by Soto. A narrative soon took hold: Cohen was holding up a proverbial middle finger to the Yankees.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. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest in local public safety news with this weekly email.

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Nutanix, Inc. NTNX reported better-than-expected first-quarter financial results on Tuesday . Nutanix reported quarterly earnings of 42 cents per share which beat the analyst consensus estimate of 31 cents per share. The company reported quarterly sales of $590.96 million which beat the analyst consensus estimate of $571.78 million. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” Nutanix said it sees FY25 revenue of $2.435 billion to $2.465 billion, non-GAAP operating margin of 16% to 17% and free cash flow of $560 million to $610 million. Nutanix shares fell 7.4% to trade at $66.99 on Wednesday. These analysts made changes to their price targets on Nutanix following earnings announcement. Needham analyst Mike Cikos maintained Nutanix with a Buy and raised the price target from $80 to $90.. Northland Capital Markets analyst Nehal Chokshi reiterated Nutanix with a Market Perform and raised the price target from $74 to $77. Barclays analyst Tim Long maintained the stock with an Overweight and increased the price target from $75 to $87. Morgan Stanley analyst Meta Marshall maintained Nutanix with an Overweight and raised the price target from $72 to $78. Piper Sandler analyst James Fish maintained Nutanix with an Overweight and raised the price target from $77 to $83. Wells Fargo analyst Aaron Rakers maintained the stock with an Equal-Weight and raised the price target from $60 to $75. Considering buying NTNX stock? Here’s what analysts think: Read This Next: Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TORONTO - Ontario says Ottawa’s tax holiday will cost the province $1 billion, but it will support the GST break for consumers. Last week, the federal Liberal government announced plans to pause the GST for two months on prepared food, toys, some types of alcohol and other holiday season staples. In provinces like Ontario, where the provincial and federal sales taxes are blended together into a harmonized sales tax, the entire HST would be removed from such items. Premier Doug Ford has said he was supportive of the move. Now, the office of Finance Minister Peter Bethlenfalvy confirms it will remove the provincial sales tax on items not already covered under provincial rebate. Ontario has long removed the provincial portion of the harmonized sales tax from similar items listed in Ottawa’s GST break plan, such as children’s clothes and some food. The premiers of New Brunswick and Prince Edward Island have said they want to be compensated by Ottawa for the provincial revenue lost during the tax holiday. This report by The Canadian Press was first published Nov. 27, 2024.Blame it on the food and drink?

KYIV, Ukraine — Desertion is starving the Ukrainian army of desperately needed manpower and crippling its battle plans at a crucial time in its war with Russia, which could put Kyiv at a clear disadvantage in future ceasefire talks. Facing every imaginable shortage, tens of thousands of Ukrainian troops, tired and bereft, walked away from combat and front-line positions to slide into anonymity, according to soldiers, lawyers and Ukrainian officials. Entire units abandoned their posts, leaving defensive lines vulnerable and accelerating territorial losses, according to military commanders and soldiers. Some take medical leave and never return, haunted by the traumas of war and demoralized by bleak prospects for victory. Others clash with commanders and refuse to carry out orders, sometimes in the middle of firefights. “This problem is critical,” said Oleksandr Kovalenko, a Kyiv-based military analyst. “This is the third year of war, and this problem will only grow.” Although Moscow has also been dealing with desertions, Ukrainians going AWOL laid bare deeply rooted problems bedeviling their military and how Kyiv is managing the war, from the flawed mobilization drive to the overstretching and hollowing out of front-line units. It comes as the U.S. urges Ukraine to draft more troops and allow for the conscription of those as young as 18. The Associated Press spoke to two deserters, three lawyers and a dozen Ukrainian officials and military commanders. Officials and commanders spoke on condition of anonymity to divulge classified information, while one deserter did so because he feared prosecution. “It is clear that now, frankly speaking, we have already squeezed the maximum out of our people,” said an officer with the 72nd Brigade, who noted that desertion is one of the main reasons Ukraine lost the town of Vuhledar in October. More than 100,000 soldiers have been charged under Ukraine’s desertion laws since Russia invaded in February 2022, according to the country’s General Prosecutor’s Office. Nearly half have gone AWOL in the past year alone, after Kyiv launched an aggressive and controversial mobilization drive that government officials and military commanders concede largely failed. It’s a staggeringly high number by any measure, as there were an estimated 300,000 Ukrainian soldiers engaged in combat before the mobilization drive began. And the actual number of deserters may be much higher. One lawmaker with knowledge of military matters estimated it could be as high as 200,000. Many deserters don’t return after being granted medical leave. Bone-tired by the constancy of war, they are psychologically and emotionally scarred. They feel guilt about being unable to summon the will to fight, anger over how the war effort is being led and frustration that it seems unwinnable. “Being quiet about a huge problem only harms our country,” said Serhii Hnezdilov, one of few soldiers to speak publicly about his choice to desert. He was charged shortly after the AP interviewed him in September. Another deserter said he initially left his infantry unit with permission because he needed surgery. By the time his leave was up, he couldn’t bring himself to return. He still has nightmares about the comrades he saw get killed. “The best way to explain it is imagining you are sitting under incoming fire and from their (Russian) side, it’s 50 shells coming toward you, while from our side, it’s just one. Then you see how your friends are getting torn to pieces, and you realize that any second, it can happen to you,” he said. “Meanwhile guys (Ukrainian soldiers) 10 kilometers (6 miles) away order you on the radio: ‘Go on, brace yourselves. Everything will be fine,’” he said. Hnezdilov also left to seek medical help. Before undergoing surgery, he announced he was deserting. He said after five years of military service, he saw no hope of ever being demobilized, despite earlier promises by the country’s leadership. “If there’s no end term (to military service), it turns into a prison — it becomes psychologically hard to find reasons to defend this country,” Hnezdilov said. Desertion turned battle plans into sand that slips through military commanders’ fingertips. The AP learned of cases in which defensive lines were severely compromised because entire units defied orders and abandoned their positions. “Because of a lack of political will and poor management of troops, especially in the infantry, we certainly are not moving in a direction to properly defend the territories that we control now,” Hnezdilov said. Ukraine’s military recorded a deficit of 4,000 troops on the front in September owing largely to deaths, injuries and desertions, according to a lawmaker. Most deserters were among recent recruits. The head of one brigade’s legal service who is in charge of processing desertion cases and forwarding them to law enforcement said he’s had many of them. “The main thing is that they leave combat positions during hostilities and their comrades die because of it. We had several situations when units fled, small or large. They exposed their flanks, and the enemy came to these flanks and killed their brothers in arms, because those who stood on the positions did not know that there was no one else around,” the official said. That is how Vuhledar, a hilltop town that Ukraine defended for two years, was lost in a matter of weeks in October, said the 72nd Brigade officer, who was among the very last to withdraw. The 72nd was already stretched thin in the weeks before Vuhledar fell. Only one line battalion and two rifle battalions held the town near the end, and military leaders even began pulling units from them to support the flanks, the officer said. There should have been 120 men in each of the battalion’s companies, but some companies’ ranks dropped to only 10 because of deaths, injuries and desertions, he said. About 20% of the soldiers missing from those companies went AWOL. “The percentage has grown exponentially every month,” he said. Reinforcements were sent once Russia wised up to Ukraine’s weakened position and attacked. But then the reinforcements also left, the officer said. Because of this, when one of the 72nd Brigade battalions withdrew, its members were gunned down because they didn’t know no one was covering them, he said. Still, the officer harbors no ill will toward deserters. “At this stage, I do not condemn any of the soldiers from my battalion and others. ... Because everyone is just really tired,” he said. Prosecutors and the military would rather not press charges against AWOL soldiers and do so only if they fail to persuade them to return, according to three military officers and a spokesperson for Ukraine’s State Investigative Bureau. Some deserters return, only to leave again. Ukraine’s General Staff said soldiers are given psychological support, but it didn’t respond to emailed questions about the toll desertions are having on the battlefield. Once soldiers are charged, defending them is tricky, said two lawyers who take such cases. They focus on their clients’ psychological state when they left. “People cannot psychologically cope with the situation they are in, and they are not provided with psychological help,” attorney Tetyana Ivanova said. Get local news delivered to your inbox!

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