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Evolent shares rise on Passport’s lower insolvency risk
Shares of the consulting company Evolent Health jumped nearly 7 percent Thursday after the insolvency risk of its biggest customer, Louisville-based Passport Health Plan, appeared to be diminishing....
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Medical providers fear Passport insolvency would disrupt patient care
An insolvency of Passport Health Plan would disrupt care for Medicaid beneficiaries and likely would force more doctors to stop accepting Medicaid patients, local health experts said. For some...
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Local tech startup accepted into prestigious West Coast accelerator
A local tech startup called Bytemap has been accepted into a prestigious West Coast accelerator program that provides training, networking opportunities and, potentially, access to significant amounts...
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FDA chief questions e-cigarettes’ public health value; TPB shares fall 5%
Shares of the Louisville-based tobacco products company Turning Point Brands fell 5 percent Wednesday morning after the FDA chief questioned whether e-cigarettes had any redeeming public health value....
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March in stocks: Medicaid woes harm Humana; Shaq boosts Papa John’s
Stock swings of Louisville-based companies in March came with a clear message: Uncertainty is bad. Certainty is good — especially if that certainty is represented by Shaq. Concerns about government...
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UofL has not found a suitable partner for Jewish Hospital, plans to continue...
UofL said on Monday that it had failed to find a suitable partner to buy the struggling Jewish Hospital and other Louisville medical facilities — at least so far. However, the university said it plans...
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The 2020 Ford Escape unveiled: Lower, wider, longer, lighter, filled with...
Ford Motor Co.’s 2020 Escape SUV sits lower — but wider — than its predecessor, has more space — but is lighter — and comes with high-tech gadgetry such as a heads-up display and steering assist to...
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Local startup Stuccco connects homeowners with interior designers
Louisville entrepreneur Matt Langan has created a website to enable homeowners to get professional interior design help quickly and for as little as $29. Through Stuccco, people can get professional...
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Ford sales figures reinforce importance of Escape redesign
The Ford Escape lost ground to all three major competitors in the small SUV segment in the first quarter, reinforcing the importance of the vehicle’s redesign, which the company revealed Tuesday. Ford...
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All-new 2020 Ford Escape employs radar, aerodynamics, liquid-cooled battery...
The all-new 2020 Ford Escape improves upon the previous generation in many ways, including better aerodynamics, a smaller hybrid battery and technology that help drivers avoid collisions. Seventeen...
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Growth, diversification prompts Louisville startup MobileServe to move to...
Explosive growth and a diversification strategy have prompted Louisville tech startup MobileServe to move into a bigger office. The company, which tracks and encourages volunteering, generates about...
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Passport ‘cautiously optimistic’ new Medicaid rates can avert insolvency
Passport Health Plan CEO Mark Carter said he is “cautiously optimistic” that the state’s new Medicaid disbursement rates, which will provide Passport with another $80 million annually, will be enough...
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Evolent Health shares spike 10% after positive Passport Health news
Shares of the health care consulting firm Evolent Health, which has close ties with Passport Health Plan, spiked more than 10% early Thursday, only hours after Passport’s CEO said that he was...
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Humana shares down $100 since early November; market cap declined $14B
Humana shares are down more than $100 since early November, a decline of about 28 percent, cutting the Louisville-based company’s value by nearly $14 billion. Humana shares are sliding as investors...
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City budget crisis: The difficulty of finding $35M to cut from $638M
How hard could it be to find $35 million to chop out of a $638 million budget? When it comes to figuring out the trajectory of city spending, it’s a mad, mad, mad, mad world (with apologies to Stanley...
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UofL, IBM create academy to teach AI, IoT, cybersecurity, quantum computing
“The future is not going to leave the good people of Kentucky behind,” promised Naguib Attia, vice president of global university programs at IBM, in announcing a unique partnership with the University...
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Louisville nonprofits to get $3M grant from JPMorgan for high-tech skills...
Louisville nonprofits will receive $3 million over three years from JPMorgan Chase to help low-income residents, primarily to gain skills for IT jobs. Local officials and JPMorgan CEO Jamie Dimon...
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Humana shares fell another 5% this week, but on Thursday posted biggest gain...
In another terrible week for health care stocks, Humana’s shares have fallen another 5% — though they finally showed some signs of life on Thursday. In the week’s first three trading days, Humana...
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Federal law helps cut Humana income tax bill by $1.2B in 2018; other...
Federal legislation has provided a huge windfall for some of Louisville’s largest employers, with Humana alone paying about $1.2 billion less in federal income taxes last year than in 2017. However, a...
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WLKY: Officials call on community to help combat human trafficking ahead of...
By Deni Kamper | WLKY Attorney General Andy Beshear, law enforcement officials and advocates are calling on the community to help combat human trafficking ahead of the Kentucky Derby. Officials hope...
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