A former corporate lawyer at two large U.S. law firms pleaded guilty on Wednesday to charges stemming from his failure to pay federal income taxes. Donald Trump's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star was delayed on Tuesday until Sept. 18, less than seven weeks before the U.S. election.

Shares of UnitedHealth Group Inc. took a historic plunge Thursday after the health insurer slashed its full-year outlook and missed quarterly earnings expectations for the first time in years, citing increased care activity in its Medicare Advantage business.

The healthcare giant slashed its 2025 projections, citing higher-than-expected costs for people enrolled in its Medicare plans.

UnitedHealth Group cut its annual profit forecast on Thursday in anticipation of higher costs for the insurer from a bigger-than-expected jump in medical care among older adults, sending its shares crashing 17% in premarket trading.

UnitedHealth Group Inc. plunged after the company cut its earnings outlook for the year and reported first-quarter earnings below estimates, citing heightened care needs in Medicare that were “far above” what it had planned for.

The S&P 500 and the Nasdaq rose on Thursday on the final trading day of the week, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth's shares following a forecast cut by the insurer weighed on the Dow.

A double-digit selloff in UnitedHealth Group Inc. is dragging down the blue-chip Dow Jones Industrial Average, pushing it toward a day of historical underperformance.