Broadcom Jumps on Google AI Deal, Health Insurers Surge on Medicare Boost

April 7, 2026

AI Summary

5 min read

On Monday night, the U.S. government released its final Medicare Advantage payment rates for 2027, and the result was a 2.48% increase—far better than the near-zero increase insurers had been bracing for since January. That works out to roughly $13 billion in additional payments across the industry. Health insurers like UnitedHealth, Humana, and CVS surged 7–10% on the news. The caveat: medical costs have risen 7–9% over the past year, so insurers are still getting squeezed. But compared to the flat rate they feared, the relief was enough to send stocks flying.

Broadcom Locks In Google’s AI Chip Business Through 2031

Broadcom announced a long-term agreement with Google to develop and supply future generations of Google’s custom AI chips, called TPUs, through 2031. TPUs are Google’s in-house alternative to NVIDIA’s GPUs, powering Google’s own AI models and its cloud business. Google has been co-developing these chips with Broadcom, and the new deal locks Broadcom in for another five years.

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What you'll learn

1 (00:35) **Market Rally Continues for Fourth Day** - S&P 500 up 0.4%, NASDAQ up 0.5%, driven by a strong March jobs report and optimism over the Iran situation.
2 (02:15) **Health Insurers Surge on Medicare Rate Hike** - Government released final 2027 Medicare Advantage rates, a 2.48% increase, far better than the near-zero increase expected in January.
3 (04:00) **Broadcom Locks In Google AI Chip Deal Through 2031** - Broadcom signs a long-term agreement to develop and supply Google's custom TPU chips, with Anthropic also buying capacity.
4 (05:35) **Bill Ackman Makes $60B+ Buyout Offer for Universal Music Group** - Pershing Square's founder proposes taking the world's largest record label private and moving its listing from Amsterdam to the NYSE.
5 (06:37) **ASML Shares Fall on New U.S. China Chip Restrictions** - Proposed "Match Act" would ban sales of ASML's older DUV lithography machines to China, expanding existing restrictions.
6 (08:00) **Artemis 2 Breaks Distance Record, Boosts Space Stocks** - The Orion spacecraft reached over 253,000 miles from Earth, surpassing Apollo 13's record.
7 Standout Quotes

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Show Notes

Market update for Tuesday April 7, 2026

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In today’s episode:

Health insurance stocks surged after a better-than-feared Medicare Advantage payment update
Broadcom jumps after signing major AI deals with Google and Anthropic
Universal Music pops after Bill Ackman pitches a takeover deal
ASML slips on proposed new U.S. chip export restrictions targeting China
Fun fact: Artemis II astronauts make history by traveling farther from Earth than any humans ever have