Alex Ossola

And that's what's news for this Wednesday afternoon.

Today's show is produced by Pierre Bien-Aimé with supervising producer Tali Arbel.

I'm Alex Osola for The Wall Street Journal.

We'll be back with a new show tomorrow morning.

Thanks for listening.

It's the thick of earnings season.

We'll bring you the latest updates from GM and other big U.S.

companies.

Plus, what's next for health insurers after the Trump administration's position on Medicare payments shocked the industry?

And for Amazon, Fresh and Go stores are out, but Whole Foods is in.

It's Tuesday, January 27th.

I'm Alex Ocelove for The Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

Shares of Medicare insurers like UnitedHealth Group and Humana dove today.

Why?

The Trump administration's proposing that the rates the government pays to reimburse insurers for Medicare plans would stay roughly flat next year, rising by an estimated 0.09 percent on average.

That's well short of the 4 to 6 percent that Wall Street expected and affects a business that's central to insurers' finances and hopes for growth.

Ana Wildey-Matthews, who covers health insurance for the journal, is here to discuss.

Ana, what is the administration's reasoning behind keeping this rate essentially flat?

The insurance companies obviously don't like this development.