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S&P 500 Gains and Losses Today: Health Care Stocks Move Lower – Investopedia

Key Takeaways

  • The S&P 500 dropped 0.7% on Tuesday, April 2, 2024, amid increasing concerns about the timing of potential interest rate cuts.
  • Health care stocks tumbled after the federal government said Medicare Advantage payment rates would not rise as much as the industry had hoped.
  • Supply concerns boosted crude oil prices, underpinning gains for shares of companies in the oil and gas sector.

Major U.S. equities indexes tumbled as concerns mounted about the likelihood of the Federal Reserve lowering interest rates in the near future.

Signals of persistent economic strength have clouded the picture as Fed officials consider the optimal timing for adopting a looser policy stance.

The S&P 500 dropped 0.7%, moving lower for the second straight day as stocks struggle to find their footing in the opening days of the second quarter. The Dow and the Nasdaq fell approximately 1.0%.

Health care stocks slipped after the after the Centers for Medicare & Medicaid Services (CMS) said Medicare Advantage plans will receive an annual price increase of 3.7% from 2024 to 2024—in line with an initial proposal released in January. The payment revision disappointed major health insurers, who had lobbied for a more significant increase, with the more subdued rise pressuring their margins as medical costs push higher.

Shares of health insurance giant Humana (HUM) saw the heaviest declines on the S&P 500, plunging 13.4% following the announcement from the CMS. The losses also affected other companies in the health care sector, with shares of pharmacy giant CVS Health (CVS) falling 7.2% and shares of fellow insurers Centene (CNC) UnitedHealth Group (UNH) down 6.8% and 6.4%, respectively.

Norwegian Cruise Line (NCLH) shares fell 8.0% amid reports one of the operator’s ships left eight passengers stranded on the African island of São Tomé and Príncipe after they arrived late following a private excursion. A company spokesperson said travelers are responsible for returning to the ship by the published all aboard time.

Shares of VF Corp. (VFC), owner of The North Face, Vans, and other clothing brands, lost 6.7% after fellow apparel company PVH (PVH) said it could see a negative impact from challenging macroeconomic conditions in Europe. PVH shares plummeted 22.2%.

Crude oil futures moved higher as Middle East tensions, drone attacks against Russian refineries, and the likely extension of OPEC+ production cuts raised supply concerns. The higher prices helped boost oil and gas stocks.

Phillips 66 (PSX) shares posted Tuesday’s top performance among S&P 500 stocks, jumping 3.8%. Marathon Petroleum (MPC) and Valero Energy (VLO) shares gained 3.4% and 2.7%, respectively.

Oil was not the only commodity to see a jump in prices—copper prices also moved higher amid an improving outlook for the Chinese economy. The uptick helped boost shares of major copper producer Freeport McMoran (FCX), which added 2.2%.

Shares of McCormick & Company (MCK) also gained 2.2% after Argus upgraded the stock to “buy.” Analysts highlighted the spice company’s potential to boost sales volumes, which have been slumping in some areas.

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Public Health Specialist: Prevention, Care & Treatment (Harare) at U.S. Embassy In Zimbabwe – Pindula Jobs – pindula.co.zw

JOB KNOWLEDGE:

Comprehensive knowledge of current HIV/AIDS Prevention Care &Treatment (PC&T) issues including prevention strategies, behavior change, HIV testing, and treatment is required. In-depth knowledge of the range of PC&T programs, policies, regulations and precedents applicable to development and administration of national public health program is required. Detailed knowledge of the host government health care system and structures including familiarity with MOHCC policies, program priorities and regulations is required. In-depth knowledge of HIV/AIDS public health programs, strategies, methods, processes and techniques used to plan, develop, implement and evaluate results of prevention, care and treatment programs is required. Good working knowledge of overall administrative requirements, budgeting and fiscal management in support of contracts/cooperative agreements/grants/purchase requisitions is required.

Education Requirements:

Doctoral level degree (Doctor of Public Health (D.Ph.), Doctor of Medicine (MD) or Doctor of Philosophy (PhD) or host country equivalent degree in medicine, nursing, public health, epidemiology, behavioral science field is required.

Evaluations:

LANGUAGE: English: Level 4 – Fluent; speaking/reading/writing, may include the ability to translate

SKILLS AND ABILITIES:

Strong oral and written communications skills are required to develop and maintain effective, sustainable working relationships with national and international working partners and generate dissemination. Ability to analyze, understand and discuss program design, management and implementation approaches is required. This includes the development of evaluation designs, use of reliable and valid instruments and methods for data collection, and conducting data analysis. Ability to work across a wide range of complex situations and settings and to develop cooperative, collaborative and effective program strategies with diverse partners and stakeholder organizations. The specialist is expected to be innovative and have strong problem-solving skills to overcome challenges such as stakeholders’ resistance to accept new guidelines or program shifts, program implementation problems, resolving differences in approach between host government policies/priorities and PEPFAR priorities, and redirecting partner practices to conform to standards for HIV/AIDS prevention, treatment, and care. Intermediate user level of word processing, spreadsheets, and databases is required. Strong skills in data analysis, including interpretation of program monitoring and evaluation data and translating research findings into practice, are required. The ability to lead results-driven project teams and workgroups is required.

EQUAL EMPLOYMENT OPPORTUNITY (EEO): The U.S. Mission provides equal opportunity and fair and equitable treatment in employment to all people without regard to race, color, religion, sex, national origin, age, disability, political affiliation, marital status, or sexual orientation.

All applicants under consideration will be required to pass medical and security certifications.

Other

How to Apply

Click here to apply

Deadline: 25 April 2024

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Driver (Kariba) at Family AIDS Caring Trust (FACT) – Pindula Jobs – pindula.co.zw

Job Description

Family AIDS Caring Trust Zimbabwe (FACT) is a Christian based organisation that was instituted in 1987. Since establishment, FACT Zimbabwe has been a leading national HIV and development organisation implementing various projects directly and through partnerships. The organization’s programming focuses on 4 strategic pillars Safeguarding and Sustainable Livelihoods (SSL), Health and Well-being (HW), Strategic Information and Research (SIR) and Organisational Efficiency and Effectiveness (OEE). FACT seeks the services of a Driver detailed below.

Reports to: Procurement and Logistics Assistant.

Duties and Responsibilities

  • Maintains vehicle log books and photocopies the current log sheet and fuel ledger and submits to the Senior Driver.
  • Checks to see if vehicles are due for service and takes vehicles for servicing and repairs.
  • Keeps vehicles clean all the time.
  • Initiates fuel procurement requests.
  • Supports teams on outreach activities.
  • Drives project staff to their project implementation areas.
  • Collects all commodities (fuel, stationery, furniture etc) procured for the office.
  • Reports incidents and breakdowns on the vehicles.
  • Checks to ensure all vehicles have fuel, oil, water, and other fluids.
  • Checks to ensure that all vehicles are licensed and insured by liaising with the Senior Driver.

Qualifications and Experience

  • Should have 5 O levels.
  • Driver’s licence should be at least 5 years.
  • At least 2 years accident-free driving as a professional driver.
  • Class 4 drivers’ licence, defensive driving certificate,

Other

How to Apply

Click here and complete the form.

Send a detailed CV to: hr@fact.org.zw, highlighting the post.

Please ensure that both steps are carried out to complete the application process.

  • Background checks will be done for successful candidate to ensure child safeguarding and protection in all our work. FACT commits itself to protecting children whom its staff, volunteers as well as outsiders may get into contact with. The organization is mandated to serve the best interest of all children through protection from abuse, harm and exclusion, child participation and development in all its programs.
  • FACT is an equal opportunity employer which does not discriminate in terms of race, tribe, place of origin, political opinion, colour, creed, gender, pregnancy, HIV/AIDS status or, subject to the Disabled Persons Act [Chapter 17:01].

FACT does not charge a fee at any stage of the recruitment process.

NB: Only short listed candidates will be notified.

Deadline: 19 April 2024

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Heaviest black hole pair ever discovered – Sky at Night Magazine

A pair of supermassive black holes that have been trapped dancing around each other for billions of years have now been found to be the heaviest binary ever measured.

Though theory predicts that such pairs of supermassive black holes should merge together, the act of merging has never actually been seen.

The huge mass of this pair could help astronomers understand why such mergers are seemingly so rare.

The pair are located in B2 0402 379, an enormous ‘fossil cluster’ galaxy created when an entire cluster’s worth of galaxies and stars merged into a single giant elliptical.

The Final Parsec Problem concerns the merging of supermassive black holes in colliding galaxies. Credit: Draco-Zlat / Getty Images
Artist’s impression of merging black holes in colliding galaxies. Credit: Draco-Zlat / Getty Images

Most galaxies host a central supermassive black hole.

When galaxies merge, these begin orbiting around one another.

As they circle, they transfer some of their energy to the surrounding stars and gas – much of which is ejected in the process.

The more energy these black holes lose to the material around them, the closer they move towards each other. 

In the case of this binary pair, the black holes moved in until they were a mere 24 lightyears apart – the smallest such separation ever directly measured.

However, they have remained stuck at this distance for the last three billion years.

To understand why this might be the case, astronomers have used the Gemini North telescope’s Gemini Multi-Object Spectrograph (GMOS) to study the system.

The Gemini North telescope. Credit: International Gemini Observatory/NOIRLab/NSF/AURA/T. Slovinský
The Gemini North telescope. Credit: International Gemini Observatory/NOIRLab/NSF/AURA/T. Slovinský

“The excellent sensitivity of GMOS allowed us to map the stars’ increasing velocities as one looks closer to the galaxy’s centre,” says Roger Romani from Stanford University, who took part in the study.

“With that, we were able to infer the total mass of the black holes residing there.”

The binary is estimated to weigh in at 28 billion times that of the Sun, making it the heaviest ever measured.

As well as giving vital context to the formation of this specific binary system and its past within the galaxy, the measurement also gives support to the idea that the stalling of binary supermassive black holes is linked to their huge masses.

The amount of gas and stars that would have to be ejected in order to move such massive black holes this close to each other would be enormous. 

“Normally it seems that galaxies with lighter black hole pairs have enough stars and mass to drive the two together quickly,” says Romani.

“Since this pair is so heavy, it required lots of stars and gas to get the job done. But the binary has scoured the central galaxy of such matter, leaving it stalled.”

www.noirlab.edu

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