UnitedHealth doubles Q2 profit as care demand falls
UnitedHealth Group posts a Q2 net of 6.64 billion dollars and adjusted earnings of 7.12 per share, with medical costs down 11 percent to 34.68 billion as COVID-19 suppresses demand. The results beat FactSet consensus of 5.28 per share. Disneyland Paris begins phased reopening and Paris Eiffel Tower top floor opens amid easing restrictions. Disney World restarts two more Orlando parks under new safety rules with limited capacity and required reservations.
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Europe drives ahead with electric cars amid recession
EU nations push a major shift to battery and hybrid vehicles to meet tougher emissions rules next year. Government subsidies boost demand while sales rise in Germany France and Sweden even as the pandemic drags on. Daimler faces deeper cost cuts as carmakers adapt to a stalled market and new targets.
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PledgeLA hits two year mark with more diverse signatories
The Los Angeles pledge program for diversity has grown from 87 to 222 signatories including Snap and Honey. It reports progress through increased internships, a UCLA Anderson mentorship plan, a regional tech job board, a $500000 fund for South L A founders, and new progress data in its annual report.
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Emirates to delay 777X deliveries amid Boeing crisis
Emirates president Tim Clark says the COVID 19 downturn and 737 Max issues leave Boeing stricken and push delivery postponements to 2022. Emirates seeks to swap remaining 777Xs for 787 Dreamliners, with Qatar and others also delaying or reconsidering orders as regulators deepen scrutiny. Boeing notes ongoing 777X flight tests and customer cooperation as the pandemic reshapes orders.
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