Medtronic

UnitedHealth Group is contesting an Internal Revenue Service proposal that seeks to significantly increase its taxable income based on how it priced transactions with a foreign subsidiary for the 2017 through 2020 tax years. This dispute revolves around transfer pricing, which refers to the price set on transactions between a company's own units in different countries. UnitedHealth plans to vigorously contest the IRS’s proposed adjustments, which come amid broader agency scrutiny of multinational corporations.

The preliminary cause of death for Sen. Lindsey Graham (R-SC) was determined to be an aortic dissection by a medical examiner. His death certificate is pending completion of toxicological and microscopic tests.

Healthcare device company Medtronic is notifying affected customers about a data breach that exposed their personal information to an unauthorized third party. The breach is linked to ShinyHunters, a hacker group.

Oil prices rose toward $100 due to renewed U.S.-Iran tensions, while U.S. stocks retreated from record highs. The S&P 500, Dow Jones, and Nasdaq all declined, with Brent crude oil climbing 2.1% to $97.98. Some stocks like Medtronic and GameStop rose on strong earnings, while others like Palo Alto Networks fell despite beating expectations.

Oil prices rose toward $97 per barrel due to renewed U.S.-Iran tensions over the Strait of Hormuz, while U.S. stocks stalled near record highs. The S&P 500 slipped 0.3% from its peak, and companies like Medtronic, GameStop, and Macy’s saw mixed stock movements despite strong quarterly results.

Precision Neuroscience CEO discusses partnership with Medtronic and future plans. The partnership aims to advance neuroscience technology. Precision Neuroscience is exploring new opportunities in the field.

Itron, a utility-technology firm, and Medtronic, a medical-device maker, disclosed recent cyberattacks in filings with federal regulators. Both companies confirmed breaches by digital intruders, highlighting vulnerabilities in critical infrastructure and healthcare sectors.

Medical device company Medtronic confirmed a cybersecurity breach where hackers accessed data in certain corporate IT systems. The incident follows claims by hackers of stealing 9 million records, prompting the company to disclose the breach.