3.8 • 950 Ratings
🗓️ 10 June 2025
⏱️ 6 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.0 | It's great to have you here on this Tuesday, June 10th. I'm Julie Morgan. |
0:13.4 | United Health pulls back, Chime moves forward, and Taiwan makes its case. |
0:19.8 | United Health is considering four non-binding bids for its Banerica unit for about $1 billion. |
0:26.7 | Two people with direct knowledge of the matter told Reuters that United Health expects to fix a |
0:32.2 | deadline for binding offers next month. |
0:35.3 | United Health acquired Ban Medica, which operates in Colombia and Chile for |
0:39.8 | $2.8 billion in 2018. The company has reportedly received bids from U.S. private equity firm |
0:46.8 | ACON investments, Latin America focused asset manager Patriot Investments, Texas-based non-profit Christus Health and Latin American |
0:56.6 | health care firm, AUNA. While United Health has been trying to exit Latin America since |
1:02.0 | 2022 amid mounting losses, efforts have ramped up in recent months in the wake of its CEO's |
1:08.3 | abrupt exit and an ongoing criminal investigation. The company |
1:12.8 | exited Brazil in 23 in Peru in March. In May, it said it expected to close the planned |
1:19.5 | sales of its remaining South American operations within the year. Chime Financial's initial |
1:26.1 | public offering is seeing investor demand exceed the number of available |
1:30.5 | shares by more than 10 times, according to a media report dated Monday. The fintech company is still |
1:37.3 | expected to price its IPO after Wednesday's market close. Banks will stop taking orders at 4 p.m. today. It previously disclosed that it |
1:47.1 | expects to price its market debut of 32 million shares of Class A common stock at $24 to $26 a piece. |
1:55.7 | Chime is offering 25.9 million shares and selling shareholders are offering almost 6.1 million shares. |
2:03.5 | The American Chamber of Commerce in Taiwan is urging Washington to treat Taiwan as a partner |
2:09.4 | rather than an adversary. In its 2025 white paper, the group called for the removal of new |
2:15.6 | and proposed tariffs on Taiwanese goods, |
... |
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