Oct 16, 2018

Q3 earnings beat drives up UnitedHealth's stock

Data: FactSet; Chart: Andrew Witherspoon/Axios

UnitedHealth Group posted a $3.2 billion profit in the third quarter, a 28% jump from the same period a year ago, on $56.6 billion of revenue. The lofty numbers — driven by lower corporate taxes, relatively low medical claims in its health insurance arm, and growth in all of its Optum businesses — pushed the health care giant's stock higher on Tuesday.

By the numbers: UnitedHealth is now valued at roughly $260 billion, or more than twice as much as banks are saying Uber is worth. UnitedHealth's market cap is also almost seven times higher than what it was in 2010, when the Affordable Care Act went into effect.

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Exclusive: Trump's "Deep State" hit list

Illustration: Aïda Amer/Axios. Photos: WPA Pool/Getty Pool, Drew Angerer/Getty Staff

The Trump White House and its allies, over the past 18 months, assembled detailed lists of disloyal government officials to oust — and trusted pro-Trump people to replace them — according to more than a dozen sources familiar with the effort who spoke to Axios.

Driving the news: By the time President Trump instructed his 29-year-old former body man and new head of presidential personnel to rid his government of anti-Trump officials, he'd gathered reams of material to support his suspicions.

Exclusive: Anti-Sanders campaign targets black South Carolina voters

Courtesy of The Big Tent Project

The Big Tent Project, a Democratic political group focused on promoting moderate presidential candidates, has sent hundreds of thousands of mailers bashing Bernie Sanders to black voters in South Carolina who voted in the state's 2016 primary.

Why it matters: Sanders' rise to the top of the pack, as dueling moderate candidates split their side of the vote, is worrying many in the Democratic political establishment who fear a socialist can't beat President Trump.

Inside the fight over FBI surveillance powers

Carter Page. Photo: Artyom Korotayev\TASS via Getty Images

Over the past year, President Trump has told senior administration officials, including Attorney General Bill Barr, that he wants a major overhaul of national security surveillance powers and the secret court that approves them.

Behind the scenes: In one such discussion last year about the need to reauthorize government authorities to surveil U.S. citizens, Trump went so far as to say he'd rather get rid of the Foreign Intelligence Surveillance Act (FISA) altogether.