BUZZ-CVS Health climbs after naming UPS exec Brian Newman CFO

Reuters2025-04-08
BUZZ-CVS Health climbs after naming UPS exec Brian Newman CFO

** Shares of health insurer CVS Health CVS.N rise 7.2% to $68.48 premarket

** CVS names United Parcel Service UPS.N executive Brian Newman as its new chief financial officer

** This marks the first top management change for the health insurer under the leadership of CEO David Joyner

** Newman replaces Thomas Cowhey, who has held the CFO position for a little over a year

** Shares of few health insurers rise premarket after the U.S. announced a 5.06% average increase in the government's finalreimbursement rates for 2026 Medicare Advantage $(MA)$ health plans

** The rate increase is more than double of what was proposed in January

** As of last close, CVS stock up 42.2% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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