The KUIK Closing Market Report for Thursday, July 13:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
21
points
21,553
7:04 AM
S&P500
Up
0.2%
percent
2,448
Nasdaq Composite
Up
0.2%
percent
6,274
30 Year Treasury
Up
3
basis points
2.92
Annual Yield
The Wall Street Journal reports prosecutors have charged more than 400 people with taking part in alleged health care fraud and opioid scams that totaled $1.3 billion in false billing. Attorney General Jeff Sessions announced the charges today. Officials said those charged include more than 120 people involved in prescribing and distributing narcotics. In prepared remarks, Mr. Sessions called it the “largest health care fraud takedown operation in American history.” Among those charged are six Michigan doctors accused of a scheme to prescribe unnecessary opioids. A Florida rehab facility is alleged to have recruited addicts with gift cards and visits to strip clubs, leading to $58 million in false treatments and tests.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
