House Energy And Commerce Committee Chair, Subcommittee On Oversight And Investigations Chair Says Unitedhealth CEO To Testify Before Subcommittee On May 1; Hearing To Discuss Cyberattack On Change Healthcare
Portfolio Pulse from Benzinga Newsdesk
The House Energy and Commerce Committee and the Subcommittee on Oversight and Investigations announced that UnitedHealth's CEO will testify before the Subcommittee on May 1 regarding a cyberattack on Change Healthcare.
April 19, 2024 | 6:40 pm
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NEGATIVE IMPACT
UnitedHealth's CEO is scheduled to testify about a cyberattack on Change Healthcare, potentially affecting investor confidence and stock price.
The announcement of UnitedHealth's CEO testifying about a cyberattack on Change Healthcare could lead to negative investor sentiment due to concerns over cybersecurity and potential financial impacts. This event might raise questions about UnitedHealth's cyber defenses and management's handling of third-party risks, potentially affecting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80