States Fight Private-Equity Healthcare Takeovers

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 18 April 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 18. More than a dozen U.S. states are fighting healthcare acquisitions backed by private equity. WSJ Pro private-equity reporter Chris Cumming explains. And banking reporter Charley Grant explains why pension funds are pulling hundreds of billions of dollars out of stocks. Plus, U.S. mortgage rates rise and home sales fall. Annmarie Fertoli hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform, helping you reduce costs everywhere.
0:09.0	Back by popular demand, Net Suite is extended its one-of-a-kind flexible financing program for a few more weeks.
0:15.8	Head to NetSuite.com. Wall Street.
0:19.8	A higher mortgage rates and a drop in sales put new pressure on the housing market.
0:27.0	And why pension funds are pulling hundreds of billions of dollars out of stocks.
0:32.0	Petchin funds have had a great run in the stock market. hundreds of billions of dollars out of stocks.
0:32.6	Phegen funds have had a great run in the stock market like a lot of people.
0:35.8	Stocks have had a great year this year.
0:38.1	So it's a good moment to take money off the table if you've been riding those gains.
0:42.3	Plus, more than a dozen states fight health care acquisitions backed by private equity.
0:47.0	It's Thursday April 18th.
0:49.0	I'm Anne-Marie Fertoli for the Wall Street Journal.
0:51.0	This is the PM edition of What's News, the top headlines and
0:54.4	business stories that moved the world today.
0:56.7	Let's start with some updates in the US housing market.
1:01.9	Mortgage rates have once again topped 7%. with some updates in the US housing market. Mortgage finance giant Freddie Mac
1:06.8	said the average rate on the standard 30-year fixed mortgage jumped nearly a quarter
1:11.2	percentage point to 7.1%.
1:14.0	Meanwhile, home sales are falling.
1:16.0	The National Association of Realtors said existing home sales fell 4.3%
1:20.3	in March from February, the largest percentage decline on a monthly basis in more than a year.
1:25.0	Housing reporter Nicole Friedman said that's all putting new pressure on the housing market.
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