Diamonds and Dogs
Walmart thinking outside the box after considering to buy healthcare provider, Humana (HUM). Humana is bucking the trend up 3.8% on the news, one of the few S&P 500 companies trading higher. Walmart already operates 4,700 in-store pharmacies and a number of primary care clinics, plus it has started offering lab tests, too. The move to buy Humana would cement Walmart's footing in the managed care space. If the two linked up, Walmart would be better able to access health insurance and drug benefits businesses through a firm that's been particularly senior-focused in recent years.
April Fool's joke in bad taste. Tesla (TSLA) is down 5% today and down 25% in the last month on more production problems and concerns the company will need to raise more capital. Yesterday the founder and CEO, Elon Musk posted a picture of himself next to one of his cars with the word bankwuft on a piece of cardboard. Some investors are questioning the solvency of Tesla and news on Friday of the Autopilot was in use when a Model X crashed hard into a highway barrier in California on March 23, killing its driver puts Elon's little joke in bad taste.