UnitedHealth Data Hack Impacts Millions
UnitedHealth Group (NYSE: UNH) has disclosed that a cyberattack on its Change Healthcare unit compromised the personal data of a significant number of individuals in the United States. The company expects the identification and notification process to take months and is offering free credit monitoring and identity theft protection services in the interim. UnitedHealth also detected that 22 screenshots from extracted files were shared on the dark web, containing potentially sensitive information. The company will provide updates as the investigation progresses.
Nvidia AI Chips Purchased by Chinese Entities
Confidential documents reveal that Chinese research institutes have acquired Nvidia’s (NASDAQ: NVDA) advanced artificial intelligence chips through resellers. These chips were integrated into servers manufactured by Super Micro Computer (SMCI) and Dell Technologies (DELL), and the buyers included prominent research organizations. While the transactions occurred before the U.S. imposed export controls on these chips, the U.S. Commerce Department is monitoring potential violations. Super Micro (SMCI) clarifies that the products involved were available in China prior to the export controls and are not capable of large-scale AI operations. Dell (DELL) asserts that it has not shipped products configured with the restricted chips.
NYSE Explores 24/7 Stock Trading
The New York Stock Exchange (NYSE), owned by Intercontinental Exchange (NYSE: ICE), is seeking feedback from market participants regarding the feasibility and implications of implementing 24/7 stock trading. The survey, conducted by NYSE’s data analytics team, explores potential impacts on price volatility, investor safeguards, and staffing requirements. This move reflects growing interest in extending trading hours beyond the traditional five-day workweek. 24 Exchange, backed by Steven Cohen’s Point72 hedge fund, has already applied to the Securities and Exchange Commission to establish the first 24-hour exchange.
Market Overview
Following Monday’s market rebound, Dow, S&P, and Nasdaq futures are trading in the green ahead of the opening bell today. Crude oil prices have dipped slightly, while Bitcoin remains relatively stable. In the world markets, European indices FTSE 100 and DAX are showing gains. Notable premarket movers include Nucor’s (NYSE: NUE) stock, which declined sharply after reporting lower-than-expected Q1 financial results.
