{
}
Elucid Bioimaging, Inc. announced that the US Centers for Medicare & Medicaid Services will double reimbursement for cardiac computed tomography angiography (CCTA) from $175 to $357.13, effective January 1, 2025. This change, resulting from six years of advocacy, aims to enhance access to CCTA, particularly in non-urban areas, and reflects its growing importance in cardiac care. The increase aligns with recent coverage decisions for AI-enabled plaque analysis, potentially improving early identification of high-risk cardiovascular conditions.
As the US presidential race reaches its climax, a historical stock market indicator suggests the incumbent party may prevail. Since 1944, when the S&P 500 rises between late July and Halloween, the party in power has won 82% of the time. This year, the S&P 500 increased by 3.3% in that period, hinting at a potential victory for the current administration.
The Centers for Medicare and Medicaid Services (CMS) is increasing the End-Stage Renal Disease (ESRD) Prospective Payment System base rate to $273.82 for 2025, reflecting a 2.7% rise. This adjustment is expected to boost total payments to approximately 7,700 ESRD facilities by $6.6 billion. Additionally, CMS is implementing a new wage index for geographic payment adjustments and expanding the list of ESRD outlier services. A two-tiered Low-Volume Payment Adjustment will also be introduced, benefiting facilities with fewer treatments, while allowing payment for home dialysis services for acute kidney injury patients.
UBS shares rose by 1.2% to CHF 27.22, making it one of the top performers in the SMI. The stock peaked at CHF 27.28 after starting the day at CHF 26.90. The company reported Q3 2024 earnings of CHF 0.39 per share and revenues of CHF 18.86 billion, with a dividend payout expected to increase to USD 0.822 in 2024.
Chinese MedTech companies are poised to disrupt the global healthcare landscape, particularly in medical imaging and patient monitoring, which are at significant risk of disruption. While China represents 10-12% of the global MedTech market, it accounts for nearly 25% of growth, aided by government incentives and competitive strengths. Other sectors like dental and orthopaedics are less vulnerable in the near term, as western firms still dominate and possess a technology advantage.
The global fitness app market is projected to experience significant growth, reaching over $5 billion and expanding at a CAGR of approximately 25% from 2021 to 2027. North America is expected to witness the highest growth, driven by increased smartphone usage and consumer reliance on digital platforms.
A clear Republican victory in the upcoming US election could significantly impact markets, likely leading to an increase in the budget deficit due to tax cuts and potential tariff policies. While deregulation may boost US equities, higher tariffs and bond yields could create headwinds, with the USD expected to appreciate amid these changes. International equities may underperform due to rising trade uncertainties.
UBS Asset Management maintains an overweight stance on global equities and the USD, citing strong earnings potential despite elevated valuations. Emerging markets are also favored due to positive earnings and political shifts in China, while Europe and Japanese government bonds are underweighted due to economic challenges. The outlook for corporate bonds remains neutral, with high yield bonds in Europe and Asia offering better valuations.
Bitcoin has surged past the $70,000 mark as investors bet on Donald Trump's potential election victory, anticipating a more crypto-friendly regulatory environment. Current predictions show Trump leading Kamala Harris, but volatility is expected due to the close race. Trump promises to position the U.S. as the "crypto capital" and ease regulations, while the significance of cryptocurrencies in the election remains uncertain.
Swift, in collaboration with UBS Asset Management and Chainlink, has successfully piloted a blockchain tokenized fund initiative under Singapore’s Project Guardian. This program aims to streamline fund transactions by automating subscription and redemption processes, enhancing efficiency and transparency without requiring a universal blockchain payment system.Meanwhile, Moonwell, a leading lending platform on the Base blockchain, has seen its token drop to $0.07113, 36% below its all-time high, despite a significant increase in total value locked. Analysts suggest this pullback may present a buying opportunity, with predictions of a potential surge to $1.50 by year-end.
United States Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
medicare to double reimbursement for cardiac computed tomography angiography services
United States Dollar
American College of Radiology
Society of Cardiovascular Computed Tomography
CleanSpark, Inc.
Centers for Medicare & Medicaid Services
American College OF Cardiology Foundation
USA
Kelly Huang
Joe Biden
Show more
16:52 05.11.2024
stock market trends may predict election outcomes for current administration
United States Dollar
CFRA Research
Cannae Holdings, Inc.
S&P Global Inc.
USA
Donald Trump
Sam Stovall
Hillary Clinton
Joe Biden
Show more
16:34 05.11.2024
CMS increases renal dialysis payments and introduces new adjustments for 2025
16:32 05.11.2024
ubs shares rise to 27.22 as earnings and dividends show promise
16:29 05.11.2024
Chinese MedTech companies poised to disrupt global healthcare markets
16:28 05.11.2024
global fitness app market projected to grow significantly by 2027
16:23 05.11.2024
impact of a clear republican victory on us markets and economy
United States Dollar
Apple Inc.
Inflation Reduction Act
USA
Donald Trump
Kamala Harris
Joe Biden
Show more
16:18 05.11.2024
global market outlook amid potential tariff increases and economic shifts
Swiss Franc
Japanese Yen
Euro
United States Dollar
Chinese Yuan
UBS AG
USA
ZAF
BRA
CHN
JPN
Donald Trump
Elon Musk
Kamala Harris
BoJ repricing
Joe Biden
Show more
16:18 05.11.2024
Bitcoin surges past 70000 as investors back Donald Trump for election
16:15 05.11.2024
swift and chainlink pilot blockchain tokenized fund to enhance financial transactions
16:14 05.11.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
AI Innovations
Industry Mergers & Acquisitions
Startups & Entrepreneurship
Banking Regulations
Market Analysis and Predictions
Central Bank Actions
Funding Rounds & Investments
Supply Chain Management
CEO Changes
Global Trade Developments
Government Policies
AI & Automation Regulations
Government Economic Policies
Domestic Politics
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
Tesla, Inc.
Apple Inc.
Wells Fargo & Company
The Goldman Sachs Group, Inc.
Barclays PLC
Bank of America Corporation
BNP Paribas SA
Citigroup Inc.
Berkshire Hathaway Inc.
Microsoft Corporation
American Express Co
Morgan Stanley
Amazon.com, Inc.
HSBC HOLDINGS
Erste Group Bank AG
HSBC Holdings plc
UBS Group AG
DEUTSCHE TELEKOM
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Indian Rupee
Chinese Yuan
Japanese Yen
United Arab Emirates Dirham
Offshore Chinese Yuan
Saudi Riyal
Australian Dollar
South Korean Won
Hong Kong Dollar
Swedish Krona
Canadian Dollar
Russian Ruble
Brazilian Real
Norwegian Krone
Egyptian Pound
Turkish Lira
People: