CVS Health CEO says ‘tsunami of people’ to hit Medicare

April 27, 2023

CVS Health Karen Lynch said that her company uses technology to stay connected with consumers and support their health. Ms. Lynch said this is a critical need with an aging population that will see the number of Americans 65 or older more than double over the next 40 years. “There’s like a tsunami of people coming into Medicare,” Ms. Lynch said. “That’s going to put pressure on the entire healthcare system.”

Recent News

Tesla Faces Uphill Battle with Shareholder Votes

In a bid to navigate the treacherous terrain of shareholder approval, Tesla’s chairperson, Robyn Denholm, likened the challenges ahead to scaling “Mount Everest.” This revelation comes amidst the looming votes on relocating Tesla’s headquarters to Texas and ratifying CEO Elon Musk’s staggering $56 billion compensation plan. Denholm’s remarks, as reported by the Financial Times on Friday, shed light on the uphill battle the electric vehicle giant faces in its quest for shareholder support.

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.