UnitedHealth shops Latin American unit at deep discount
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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. It's great to have you here on this Tuesday, June 10th. I'm Julie Morgan. UnitedHealth pulls back, Chime moves forward, and Taiwan makes its case.

UnitedHealth is considering four non-binding bids for its banned Medica unit for about $1 billion. Two people with direct knowledge of the matter told Reuters that UnitedHealth expects to fix a deadline for binding offers next month.

UnitedHealth acquired BandMedica, which operates in Colombia and Chile, for $2.8 billion in 2018. The company has reportedly received bids from U.S. private equity firm Acon Investments, Latin America-focused asset manager Patria Investments,

Texas-based nonprofit Christus Health and Latin American healthcare firm Auna. While UnitedHealth has been trying to exit Latin America since 2022 amid mounting losses, efforts have ramped up in recent months in the wake of its CEO's abrupt exit and an ongoing criminal investigation.

The company exited Brazil in 2023 and Peru in March. In May, it said it expected to close the planned sales of its remaining South American operations within the year. Chime Financial's initial public offering is seeing investor demand exceed the number of available shares by more than 10 times, according to a media report dated Monday. The fintech company is still expected to price its IPO after Wednesday's market close.

Banks will stop taking orders at 4 p.m. today. It previously disclosed that it expects to price its market debut of 32 million shares of Class A common stock at $24 to $26 apiece. Chime is offering 25.9 million shares and selling shareholders are offering almost 6.1 million shares.

The American Chamber of Commerce in Taiwan is urging Washington to treat Taiwan as a partner rather than an adversary. In its 2025 white paper, the group called for the removal of new and proposed tariffs on Taiwanese goods.

the restoration of high-level cabinet visits, and the finalization of a double taxation agreement between the two sides. The organization's newly appointed president, Carl Wagner, emphasized that Taiwan is a dependable ally for the U.S., a vital democratic partner in the Indo-Pacific region, an investor in American industries, and an essential contributor to supply chain stability.

Wagner said he'll be leading a delegation to Washington later this month for door-knock discussions. The chamber, which represents 500 American and international companies with operations in Taiwan, said that maintaining tariffs on semiconductors, advanced machinery and electronics raises costs for American businesses and consumers, while sending a conflicting signal about the strength of U.S.-Taiwan ties.

So far, neither Taiwan nor the U.S. has provided significant public updates on the status of the ongoing tariff discussions. Now for a look at a few other articles that are trending on Seeking Alpha. President Trump kicks off the Invest America Roundtable, highlights $1,000 investment accounts for kids. Meta Zuckerberg is hiring to form a superintelligence AI team, according to a report.

And Walt Disney closes its deal to fully acquire Hulu.

On our Catalyst Watch for the day, NVIDIA will participate in the NASDAQ Investor Conference in partnership with Jefferies. O'Reilly Auto will begin trading on a post-split basis following the 15-for-1 stock split. Datadog will hold its flagship two-day Dash 2025 event. Amgen CFO and R&D Chief will discuss company strategy and recent developments at the Goldman Sachs,

global healthcare conference. And Merck will participate in a fireside chat at that same event.

On Wall Street at this early hour, Dow, S&P and Nasdaq futures are flat, same as yesterday at this time. Crude oil is up 0.2% at $65 a barrel. Bitcoin is down 0.8% at $109,000. Gold is flat at $3,328. The FTSE 100 is up 0.4% and the DAX is down 0.5%.

Cracker Barrel is on our list of the biggest movers of the day pre-market. CBRL is down 5% after the company announced a private offering of $275 million in convertible senior notes due 2030, with an option to issue an additional $41.25 million within 13 days. On today's economic calendar, at 7.30 a.m., the NFIB Small Business Optimism Index.

That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at SeekingAlpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.