Anthem Inc.

Wall Street punishes Anthem after positive earnings report

Stock brokers monitoring the market
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Anthem posted better-than-expected earnings and raised its profit expectations for the rest of 2019, so Wall Street responded by … selling off the stock, dropping Anthem’s share price by 4.5%.

What's happening: Investors are freaking out because the big health insurance companies — UnitedHealth Group, Centene and now Anthem — have indicated their medical costs are rising faster than projected.

DOJ charges Chinese citizen with historic Anthem breach

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The Department of Justice announced on Thursday that it indicted Fujie Wang, a 32-year-old Chinese citizen, and an unnamed accomplice with stealing personal information on nearly 80 million Anthem clients.

Why it matters: The data breach revealed in 2015 was a historic event in cybersecurity, as evidenced by Anthem being on the hook for record penalties — a $16 million fine from the Department of Health and Human Services and a class action law suit settled for $115 million.