Alex Ossola

And on the UnitedHealth earnings call today, an executive warned that its policyholders would be hurt.

Anna, what's the relationship between the rate insurers are getting and health care for people on Medicare?

these rates are still in the proposal phase.

What happens next?

Can we expect a big lobbying push from these insurers to try to change the rate that gets finalized?

That was WSJ reporter Ana Wildey-Matthews.

Thanks, Ana.

Shares in Humana, UnitedHealth, and CVS led market losses today, sinking 14% or more.

That dragged down the Dow, which fell 0.8%.

But the Nasdaq rose 0.9%, boosted by an uptick in chip stocks.

And the S&P 500 added 0.4%, closing at its first new high in two weeks.

And three big companies reported today.

First up is General Motors, which posted a $3.3 billion loss, mostly related to its struggling EV business.

But shares jumped 8.8% today, as GM predicted higher than expected cash flows this year and promised to return more cash to investors.

Meanwhile, Boeing swung to a fourth quarter profit and its revenue surged as it made more planes and shipped more of them to customers.

Deliveries of commercial aircraft hit their highest point since 2018, but the stock slipped 1.6%.

And UPS says it's cutting 30,000 jobs in operations, part of an ongoing cost-cutting push that the company says is paying off.

Its profit grew in the fourth quarter, and for this year, UPS expects revenue will grow slightly.

Shares closed up 0.2%.

And the Federal Reserve also kicked off its latest meeting today.