Richard Drew / AP

Humana's stock jumped 4.5% Wednesday after the health insurance company more than doubled its second-quarter earnings to $650 million. Profit in the first half of the year was almost $1.8 billion, thanks in part to the termination fee Humana received from Aetna following their failed merger. Humana's market cap is now around $35 billion, which would make it harder for a competing insurer to buy it.

The bottom line: Humana's profit is growing like gangbusters because its primary health plan business, Medicare Advantage, coincides with the rapid aging of the country's baby boomers. Humana has almost 3.3 million people in one of its Medicare Advantage plans and another 5.2 million in its Medicare prescription drug plans.

Worth noting: Humana is ditching the Affordable Care Act's individual exchanges, but the company collected a $118 million profit from ACA plans in the second quarter.

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3 hours ago - World

Macron visits Beirut promising a "new political pact" for Lebanon

Macron visits the hard-hit Gemmayzeh neighborhood. Photo: AFP via Getty Images

French President Emmanuel Macron walked through the blast-damaged streets of Beirut on Thursday, swarmed by people chanting for the fall of Lebanon's government and pleading for international aid.

Why it matters: Lebanon is at a breaking point. Its economy was collapsing and its government hardly functioning — all before a massive explosion destroyed swathes of the capital city, including its vital port.

3 hours ago - Sports

The PGA Championship is golf's first major in over a year

Photo: Gary Kellner/PGA of America via Getty Images

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Why it matters: It's the first major in more than a year — and the first of seven majors in the next 12 months. Though there won't be any fans in attendance, the excitement is palpable.

July's jobs report could be an inflection point for the coronavirus recovery

Illustration: Sarah Grillo/Axios

Even if Friday's jobs report shows a big number, it is becoming clear hiring slowed and likely even reversed course in July and real-time indicators suggest the employment situation worsened into August.

Driving the news: Payroll processor ADP's monthly jobs report showed private companies added 167,000 jobs last month, well below the 1.2 million expected by economists and far below June's 4.8 million jobs added.