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Boeing’s second-quarter loss narrowed and revenue improved as the aircraft manufacturer delivered more commercial planes in the period.Boeing Co. lost $611 million, or 92 cents per share, for the three months ended June 30. A year earlier it lost $1.44 billion, or $2.33 per share.Adjusting for one-time gains, Boeing lost $1.24 per share. This was better than the loss of $1.54 per share that analysts surveyed by Zacks Investment Research expected.Shares rose slightly before the market open on Tuesday.Revenue climbed to $22.75 billion from $16.87 billion, mostly due to 150 commercial deliveries compared with 92 deliveries in the prior-year period.The performance topped Wall Street’s estimate of $21.86 billion.“Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,” CEO Kelly Ortberg said in a statement. “As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment.”Boeing has been dealing with a variety of issues over the past few years.On Sunday Boeing said that it expects more than 3,200 union workers at three St. Louis-area plants that produce U.S. fighter jets to strike after they rejected a proposed contract that included a 20% wage increase over four years.The International Machinists and Aerospace Workers union said the vote by District 837 members was overwhelmingly against the proposed contract. The existing contract was to expire at 11:59 p.m. Central time Sunday, but the union said that a “cooling off” period would keep a strike from beginning for another week, until Aug. 4.Last fall, Boeing offered a general wage increase of 38% over four years to end a 53-day strike by 33,000 aircraft workers producing passenger aircraft.In June the National Transportation Safety Board said that its 17-month long investigation found that lapses in Boeing’s manufacturing and safety oversight, combined with ineffective inspections and audits by the Federal Aviation Administration, led to a door plug panel flying off Alaska Airlines flight 1282, which was a Boeing 737 Max 9 aircraft, last year.Boeing said in a statement at the time that it will review the NTSB report and will continue working on strengthening safety and quality across its operations.The Max version of Boeing’s bestselling 737 airplane has been the source of persistent troubles for the company since two of the jets crashed, one in Indonesia in 2018 and another in Ethiopia in 2019, killing a combined 346 people.In May the Justice Department reached a deal allowing Boeing to avoid criminal prosecution for allegedly misleading U.S. regulators about the Max before the two crashes.Boeing was also in the news last month when a 787 flown by Air India crashed shortly after takeoff and killed at least 270 people. Investigators have not determined what caused that crash, but so far they have not found any flaws with the model, which has a strong safety record. Michelle Chapman, AP Business Writer
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Stellantis has forecast that U.S. tariffs would cost it 1.5 billion euros ($1.7 billion) this year, five times the hit taken in the first six months of the year when the carmaker tallied losses of 2.3 billion euros ($2.65 billion).The maker of Jeep, Chrysler, Fiat, and Peugeot cars said Tuesday that net profits plummeted from 5.6 billion euros ($6.5 billion) in the same period last year as it burned 3.3 billion euros ($3.8 billion) in cash for the cancellation of a hydrogen fuel cell project, changes in the fine regime for U.S. carbon emission regulations, and write-downs on platform investments.U.S. President Donald Trump’s tariffs cost the company 300 million euros ($346 million) in the first six months of the year, Stellantis said. During the period, U.S. shipments were down by nearly a quarter as the carmaker reduced the importation vehicles produced abroad.Stellantis said it expected net revenues to increase over the next six months compared with the first half of the year, when they dropped 13% to 74.3 billion euros ($85.7 billion). The carmaker also said cash flow would improve.Incoming CEO Antonio Filosa, who was confirmed in the role last month, said the new executive team “will continue to make the tough decisions needed to re-establish profitable growth and significantly improve results.”“My first weeks as CEO have reconfirmed my strong conviction that we will fix what’s wrong with Stellantis,” Filosa said in a statement. Associated Press
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UnitedHealthcare’s parent company, UnitedHealth Group, is in need of some bed rest this week. The companys stock price (NYSE: UNH) has been knocked off its feet again after the American insurance giant reported disappointing quarterly results and offered 2025 earnings guidance that was significantly below investor expectations. Heres what you need to know. UnitedHealth Groups Q2 2025 earnings Today, UnitedHealth Group reported its second-quarter 2025 resultsand they didnt live up to investor expectations. For the quarter, the company reported an adjusted earnings per share (EPS) of $4.08. It reported revenue of $111.62 billion for the quarter. As noted by CNBC, analysts surveyed by LSEG had expected UnitedHealth to report revenue of $111.52 billion for the quarter, meaning the company slightly outperformed expectations. However, those same analysts also expected UnitedHealth to report an adjusted EPS of $4.48. At an actual adjusted EPS of $4.08, UnitedHealth came in significantly below expectations. The company may have beaten on revenue, but it made less profit than expected because of rising healthcare costs. Those rising healthcare costs are partly attributed to older customers now having surgery and other medical procedures that they put off during the pandemic years, notes CNBC. These include non-emergency procedures such as hip and other joint replacements. Yet it wasnt UnitedHealth Groups Q2 results that gave investors the shivers. The company also updated its previously suspended 2025 full-year outlook. Investors werent happy about that either. UnitedHealth Group says it expects revenue of between $445.5 billion and $448 billion for fiscal 2025 and adjusted earnings per share (EPS) of at least $16. As CNBC notes, investors had anticipated fiscal 2025 revenue of $449.16 billion and adjusted EPS of $20.91 per share. As a result of the lackluster quarter and poorer-than-expected 2025 forecast, UnitedHealth Group shares are dropping in premarket trading this morning as of this writing. Todays results have seemed to have rattled health insurance industry investors, especially considering that UnitedHealth Group, as CNBC notes, is often seen as the bellwether for Americas private healthcare industry. In sickness and in health It’s not just UnitedHealth Groups latest Q2 results and underwhelming fiscal 2025 forecast that have rattled the companys investors as of late. Since the beginning of the summer, the company has seen bad news pile up. In early May, UnitedHealth Groups then-CEO, Andrew Witty, announced he was stepping down for personal reasons. Witty had been highly criticized for his perceived tone-deaf response to the anger that Americans expressed against the company after the killing of Brian Thompson, CEO of the company’s UnitedHealthcare unit, in December. Along with announcing Wittys departure, UnitedHealth Group also announced it was suspending its 2025 full-year fiscal outlook due to medical costs that were increasingly higher than expected. The companys chairman, Stephen Hemsley, was announced as the new CEO. But a few days after Hemsley became UnitedHealth Groups new CEO, the Wall Street Journal reported that UnitedHealth was under investigation by the Department of Justice (DOJ) over possible Medicare fraud. This news, which UnitedHealth Group called misinformation, sent UNH shares tumbling. Then, just last week, UnitedHealth Group confirmed on Thursday that it was indeed under federal criminal and civil investigations involving its Medicare business. Americans angered by private insurance While investors may be fretting over UnitedHealth Groups woes, few Americans are likely to feel sympathy for the private insurance giant. After the murder of Thompson, social media users in the United States exploded not with sadness or outrage, but with glee. What the reaction to the killing revealed was that there is a widespread, deeply rooted anger by Americans across the political spectrum against the countrys private healthcare system. As Americas largest private health insurer, UnitedHealth Group is a focal point for this angerand Americans didnt hold back. As Fast Company reported at the time, social media was flooded with Americans venting their horror stories and frustrations in dealing with UnitedHealthcare and the other for-profit health insurance companies that have so much control over their health and financial lives. My copay for thoughts and prayers is $100,000; I heard his condition was pre-existing; My ability to care was denied; My sympathy requires a referral; Submitted claim for condolences was denied, a user on Bluesky said. This pent-up anger against UnitedHealth wasnt helped by Wittys response to the outcry, which some labeled tone-deaf. UNH shares have had a bad 2025 As of the time of this writing, UNH shares are down about 1.11% to $279, driven by the companys poor Q2 2025 results and disappointing fiscal 2025 guidance. But UNH shares depression is nothing new this year. Since the start of 2025, UNH shares had already fallen more than 44% as of yesterdays close of markets, primarily due to the rising costs of healthcare. Over the past 12 months, UNH shares have collapsed more than 50% as of yesterdays market close.
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