Richard Drew / AP

So much for that upbeat Medicare payment proposal from last week. Stocks of hospital operators plunged Monday morning after HCA — a bellwether company and the country's largest for-profit hospital chain by revenue — previewed first-quarter results below analysts' expectations. HCA's stock tumbled 3% in early morning trading, and its competitors took a bigger beating: Tenet Healthcare dropped 8%, Community Health Systems fell 7.5% and Quorum Health was down 5.5%.

What HCA expects: Adjusted earnings before interest, tax, depreciation and amortization (a juiced-up form of profitability) are expected to stay the same year over year in the first quarter at $2 billion. That's still a hefty profit margin, but it was 6% below what Wall Street projected. HCA said it was "affected by changes in payer mix" — industry jargon that means the company is treating fewer patients with higher-paying commercial insurance and more patients with lower-paying government insurance. It's possible the tepid Obamacare enrollment for this year contributed to that.

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Biden raises $141 million more than Trump

Democratic presidential nominee Joe Biden speaks during a September campaign event in Wilmington, Delaware. Photo: Alex Wong/Getty Images

Joe Biden's campaign, the Democratic National Committee and joint fundraising committees raised $466 million cash on hand, the presidential candidate's team announced late Sunday.

Why it matters: President Trump's campaign raised $325 million, his campaign communications director Tim Murtaugh announced Friday. In the spring, Biden was $187 million behind Trump and the Republican National Committee.

Driving the news: Slower spending by Biden's campaign and heavy spending by Trump's in the spring and record summer fund-raising hauls that spiked after he named Sen. Kamala Harris (D-Calif.) as his running mate contributed to the turnaround, notes the New York Times, which first reported the news.

Editor's note: This is a developing news story. Please check back for updates.

Virtual Emmys address chaotic year for American TV and society

Emmy Host Jimmy Kimmel during rehearsals Friday for the 72nd Annual Emmy Awards at the Staples Center in Los Angeles. Photo: Al Seib/ Los Angeles Times via Getty Images

The Emmy Awards Sunday night addressed the major U.S. issues this year — including the protests on systemic racism and police brutality, the wildfires engulfing parts of the West Coast, the census, the pandemic, essential works and the election.

Why it matters: Award shows have always addressed wider cultural issues, but this year — amid unprecedented stress and uncertainty — that trend has accelerated.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 30,919,638 — Total deaths: 959,332— Total recoveries: 21,152,996Map.
  2. U.S.: Total confirmed cases as of 9:30p.m. ET: 6,799,141 — Total deaths: 199,474 — Total recoveries: 2,590,671 — Total tests: 95,108,559Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" Ex-FDA chief: Career scientists won't be "easily cowed" by political vaccine pressure.
  4. Education: What we overlooked in the switch to remote learning.
  5. Health: The dwindling chances of eliminating COVID-19 — 7 states set single-day coronavirus case records last week.
  6. World: England sets £10,000 fine for breaking self-isolation rules — The countries painting their pandemic recoveries green.