In this photo illustration the UnitedHealth Group logo displayed on a smartphone screen.
Sheldon Cooper | Sopa Images | Lightrocket | Getty Images
UnitedHealth Group has paid out an additional $1 billion to providers that have been impacted by the Change Healthcare cyberattack since last week, bringing the total amount of funds advanced to more than $3.3 billion, the company said on Wednesday.
UnitedHealth, which owns Change Healthcare, discovered in February that a cyber threat actor had breached part of the unit’s information technology network. Change Healthcare processes more than 15 billion billing transactions annually, and one in every three patient records passes through its systems, according to its website.
The company disconnected the affected systems “immediately upon detection” of the threat, according to a filing with the SEC. The interruptions left many health-care providers temporarily unable to fill prescriptions or get reimbursed for their services by insurers.
Many health-care providers rely on reimbursement cash flow to operate, so the fallout has been substantial. Smaller and mid-sized practices told CNBC they were making tough decisions about how to stay afloat. A survey published by the American Hospital Association earlier this month found that 94% of hospitals have experienced financial disruptions from the attack.
As a result, UnitedHealth introduced its temporary funding assistance program to help providers in need of support. The company said the $3.3 billion in advances will not need to be repaid until claims flows return to normal. Federal agencies like the Centers for Medicare & Medicaid Services have introduced additional options to ensure that states and other stakeholders can make interim payments to providers, according to a release.
UnitedHealth has been working to restore Change Healthcare’s systems in recent weeks, and it expects some disruptions will continue into April, according to its website. The company began processing a backlog of more than $14 billion in claims on Friday, and on Wednesday said, “claims have begun to flow.”
Shares of UnitedHealth have fallen more than 6% since the attack was disclosed.
Late last month, the company said the ransomware group Blackcat is behind the attack. Blackcat, also called Noberus and ALPHV, steals sensitive data from institutions and threatens to publish it unless a ransom is paid, according to a December release from the U.S. Department of Justice.
The Department of State on Wednesday announced it’s offering a reward of up to $10 million for information that could help identify or locate cyber actors linked to Blackcat.
UnitedHealth said Wednesday that it’s “still determining the content of the data that was taken by the threat actor.” The company said a “leading vendor” is analyzing the impacted data. United Health is working closely with law enforcement and third parties like Palo Alto Networks and Google‘s Mandiant to assess the attack.
“We continue to be vigilant, and to date have not seen evidence of any data having been published on the web,” UnitedHealth said. “And we are committed to providing appropriate support to people whose data is found to have been compromised.”
Rep. Jamie Raskin, D-Md., ranking member of the House Committee on Oversight and Accountability, wrote a letter to UnitedHealth CEO Andrew Witty on Monday requesting information about the “scope and extent” of the breach.
Raskin asked Witty for information about when Change Healthcare notified its clients about the breach, what specific infrastructure and information was targeted and what cybersecurity procedures the company has in place. The committee requested written responses “no later” than April 8.
“Given your company’s dominant position in the nation’s health care and health insurance industry, Change Healthcare’s prolonged outage as a result of the cyberattack has already had ‘significant and far-reaching’ consequences,” Raskin wrote.
The Biden administration also launched an investigation into UnitedHealth earlier this month due to the “unprecedented magnitude of the cyberattack,” according to a statement.
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks were little changed Thursday as Wall Street overlooked mixed labor market data. U.S. layoff announcements in November pushed the year’s total above 1.1 million, the highest level since 2020, according to job placement firm Challenger, Gray & Christmas. Initial jobless claims, however, came in lower than expected for the week ending Nov. 29. Despite the muted session, Jim Cramer says the market’s still overbought. That means we’re not looking to put new money to work right now. Meta Platforms was an outperformer in the portfolio. Shares jumped 4% after Bloomberg reported that the Facebook parent plans to make deep cuts to its metaverse unit. 2. Costco reported U.S. sales for November that were slightly weaker than the month before, sending shares down 3%. Company-wide same-store sales, however, accelerated last month, up 6.9% from October’s 6.6% gain. The stock’s weakness Thursday doesn’t present a buying opportunity just yet, according to Jim, because its multiple is still too high. “There are periods of underperformance in Costco, but if you look at the longer term, it’s one of the greatest performers of all time,” he added. 3. Salesforce stock was up after management posted a huge quarterly earnings beat and raised guidance Wednesday evening. The company missed slightly on revenue. We liked all the paid deals Agentforce, Salesforce’s AI-powered platform, pulled in this quarter. Still, generative AI adoption continues to pose a risk to Salesforce’s seat-based business model. CEO Marc Benioff will be on “Mad Money” on Thursday. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Snowflake , Five Below , Hormel Foods , PayPal , and Kroger. (Jim Cramer’s Charitable Trust is long META, CRM, COST. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
People walk next to the Google Cloud logo, during the 2025 Mobile World Congress (MWC) in Barcelona, Spain, March 4, 2025.
Albert Gea | Reuters
Google Cloud announced Thursday a multi-year partnership with artificial intelligence coding startup Replit, giving the search giant fresh firepower against the coding products of rivals, including Anthropic and Cursor.
Under the partnership, Replit will expand usage of Google Cloud services, add more of Google’s models onto its platform, and support AI coding use cases for enterprise customers.
Google will continue to be Replit’s primary cloud provider.
Replit, founded nearly a decade ago, is a leader in the fast-growing AI vibe-coding space.
In September, the startup closed a $250 million funding round that almost tripled its valuation to $3 billion, and said it grew annualized revenue from $2.8 million to $150 million in less than a year.
And new data from Ramp, a fintech company that also tracks enterprise spending on its platform, found that Replit had the fastest new customer growth among software vendors. Google, meanwhile, is adding new customers and spending faster than any other company on Ramp’s platform.
Put those together, and you get a clearer picture of why both companies see opportunity.
Read more CNBC tech news
Vibe-coding emerged as a phenomenon earlier this year after AI models became more adept at generating code using only natural language prompts, allowing users with little experience in programming to use AI to create functioning code and potentially full applications.
Anthropic announced on Tuesday that its product Claude Code hit $1 billion in run-rate revenue. The coding startup Cursor, in November, closed a funding round that valued it at $29.3 billion, while also announcing it reached $1 billion in annualized revenue.
Replit, which bills itself as an easy-to-use product for non-developers, could help drive Google Cloud adoption among enterprises, and expand the reach of its AI efforts beyond traditional engineers.
Google is riding on the momentum of its new top-scoring model, Gemini 3. Shares of Alphabet have risen more than 12% since its debut.
Is the “year of efficiency” Mark Zuckerberg back at Meta Platforms ? Shares of the social media giant rallied more than 5% to $676 each at Thursday’s highs after Bloomberg reported that Zuckerberg is set to reduce metaverse spending up to 30%. The metaverse group, which works on the company’s virtual “Horizon World” environment and Quest line of virtual reality headsets. It’s been a long time coming. Meta stock took a beating back in 2022 when, in addition to aggressive interest rate hikes from the Federal Reserve to combat sky-high inflation, investors grew concerned that Zuckerberg was going to spend countless sums of money building out a virtual world with little idea as to when, or even if, the investment would see any return. Since then, Zuckerberg has smartly avoided much talk about the metaverse. Wall Street is wondering whether cutting the metaverse budget is a true turning point for Zuckerberg, who has been on an artificial intelligence spending spree, both on the capital expenditures side and in poaching AI talent for top dollar, or whether it’s more about facing the reality that he’s been throwing good money after a vanity project that no one cares about. That spending question has been top of mind as Meta shares have dropped more than 20% since reporting earnings in late October , on fears that Zuckerberg was losing his way on efficiency and preparing to continue to ramp up investments without a clear view on returns. Judging by Thursday’s rally in Meta shares, the Bloomberg report has eased some of those concerns. We remember the power of spending discipline: Zuckerberg dubbed 2023 the “year of efficiency,” embarking on massive layoffs and cost-cutting. Shares surged nearly 195% in 2023, followed by a 65% gain last year. The metaverse and other VR-related investments are housed within the company’s Reality Labs operating segment, alongside the company’s smart glasses. Reality Labs lost just over $4.4 billion in the last quarter alone, with Bloomberg highlighting more than $70 billion in losses since its launch in 2021. The article does not appear to indicate a pullback in smart glasses investments, which, by all indications, have been better received by the mass market than the company’s virtual reality offerings. Bloomberg does report that Zuckerberg still believes in the metaverse and thinks that people will one day work and play in virtual worlds. META 5Y mountain Meta Platforms 5 years Our view? While focusing on a future metaverse isn’t wrong, it’s just a difficult narrative for investors to digest. When folks hear the term metaverse, they think about a digital playground that is nothing more than a highly immersive video game or entertainment experience. From that point of view, it’s easy to understand the skepticism about a return on investment on such a big swing. As Meta shareholders for the Club, we applaud any decision to cut spending on the more ambitious aspects of the metaverse vision, but take a different view of Zuckerberg’s north star. The technology needed to achieve his vision will still be invested in, just in a more methodical manner. Zuckerberg is choosing to focus on the technology that can be monetized more quickly, such as smart glasses and AI, while leaving open the idea of a metaverse-like world in the future. You aren’t going to be able to run a fully immersive digital world, in which players/users can interact, without AI. So, rather than talk about the grand vision of a metaverse, Zuckerberg can simply talk about AI and how it’s helping in the here and now, by reducing costs and boosting engagement, while aiding topline growth. That’s a narrative investors are all too happy to talk about. The recently released display glasses — which take the idea of smart glasses to the next level without the bulk of VR goggles — would certainly lend themselves to user interactions in a virtual environment. By tying that effort to the screenless Ray-Ban and Oakley smart glasses, Zuckerberg has a better chance to start monetizing the research R & D investments that went into the metaverse in the first place. We think that Zuckerberg’s long-term view hasn’t changed so much as he has learned to be more methodical in his long-term investing roadmap, while at the same time becoming a better storyteller as it relates to the narrative of these investments. We think this bodes well for 2026 earnings – perhaps a cost guidance cut with the next earnings release – and perhaps, even more important given Meta’s already attractive valuation, a reversal of the negative sentiment since the company last reported what were nothing short of fantastic quarterly results. Analysts at Mizuho are out with a note following the Bloomberg report, saying such metaverse cuts could add as much as $2 to 2026 earnings per share. Assuming a valuation multiple of 20 to 25 times earnings, that would be expected to add anywhere from $40 to $50 to the share price. “The stock is up, but it’s not up nearly as much as I think it could be given the fact that it’s only up 13% for the year, and is not expensive on a P/E multiple,” Jim Cramer said Thursday during the Club’s Morning Meeting . On a forward basis, the stock trades at 22.3 times full-year 2026 earnings estimates. That’s right in line with the S & P 500 ‘s valuation, despite expectations that Meta can grow earnings twice as fast in the coming year as the overall market. (Jim Cramer’s Charitable Trust is long META. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.