J. Pat Carter / AP

UnitedHealth Group soundly blew past Wall Street's second-quarter financial expectations. Profit in the quarter jumped 34% year over year to nearly $2.4 billion, and revenue increased 8% to $50 billion, the company announced in today's earnings report. Executives were most excited about the Medicare Advantage business — which just extended its lucrative branding deal with AARP and is UnitedHealth's largest individual insurance segment, but also faces fraud allegations.

Between the lines: Expect similarly robust results from other large health insurers. Fewer people are going to the hospital or filling their drug prescriptions, which means more money stays in the pocket of insurers like UnitedHealth. But that's not necessarily translating to lower insurance premiums.

Go deeper: UnitedHealth is just as much a services company through Optum as it is an insurer. Its tentacles could stretch even further over the health care system if it acquires Advisory Board Company, a consulting firm that works a lot with hospitals.

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32 mins ago - World

China bans Cruz and Rubio over Xinjiang criticism

Photos: Graeme Jennings/Pool/Getty Images; Al Drago/Pool/Getty Images

China said Monday that it will ban entry to Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas) over their criticisms of human rights abuses in Xinjiang, the AP reports.

The big picture: The move seems to be retaliatory after the U.S. announced sanctions on four Chinese officials for human rights abuses against Uighur Muslims and other ethnic minorities in the region last week.

Roger Stone says he plans to campaign for Trump

Roger Stone appears yesterday outside his home in Fort Lauderdale. Photo: Johnny Louis/Getty Images

Roger Stone told Axios in a phone interview that he plans to write and speak for President Trump's re-election now that Stone "won't die in a squalid hellhole of corona-19 virus."

"I'm asthmatic," said Stone, 67. "Sending me to a prison where I could not be socially distanced ... would, I think, be a death sentence."

Facebook's plan: Make nice, but don't give in

Illustration: Aïda Amer/Axios

Facebook last week took steadily intensifying heat from fleeing advertisers and boycott leaders and received a big thumbs-down from its own civil-rights auditors. Its response, essentially: We hear you, but we'll carry on.

The big picture: Early on in Facebook's rise, CEO Mark Zuckerberg learned to handle external challenges by offering limited concessions and soothing words, then charging forward without making fundamental changes.