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UnitedHealth Sees First Annual Revenue Drop in Over 30 Years

UnitedHealth Group Inc. forecast a decline in 2026 revenue, the first annual contraction in more than three decades, as the insurer falters in its attempt to rebuild confidence with investors after a stunning fall last year.

By John Tozzi

Retail Wealth Becomes Goldmine for $240 Billion Secondaries Boom

Private investment funds for individuals have become the fastest-growing source of capital in the $240 billion market for private secondhand stakes, according to a report from Jefferies Financial Group Inc.

J&J Ruling Offers Path for Deferred-Payment M&A Deals Gone Bad

A record ruling against Johnson & Johnson this month removed a major land mine from the deferred-payment M&A deals behind a surge of high-stakes litigation, but it left dealmakers plenty to fight about.

Cognac Makers Are Uprooting Vines. Dumping Supplies May Be Next

The vineyards of Cognac, sprawled across the rolling hills of southwestern France, are typically desolate in January. Once the grapes are harvested every fall and their juice is fermented and distilled to make the region’s namesake spirit, the area goes into hibernation. But this year, there are pockets of activity, with producers uprooting vines, the first coordinated removal since the late 1990s as the industry attempts to reduce production and revive a flagging market.