KindlyMD (KDLY) Rockets +250% on Bitcoin Merger NewsKindlyMD surged 250% after merging with Bitcoin-native firm Nakamoto, aiming to launch a Bitcoin treasury model for healthcare. Led by David Bailey, the move aligns crypto infrastructure with healthtech, positioning KDLY at the frontier of decentralized finance and patient services

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Chegg (CHGG) Surges +30% After Announcing Major Workforce CutChegg rallied 30% after announcing a 22% workforce cut, a response to mounting pressure from AI chatbots. The company plans to pivot toward a leaner, AI-integrated model—seen by investors as key to defending margins and reviving growth.

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Berkshire Loads Up on STZ, Burry Bets on Estee Lauder

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Berkshire Hathaway made notable shifts in Q1 2025, dramatically increasing its stake in Constellation Brands (STZ) by 113.5%—adding over 6.3M shares worth $1.2B. The firm also added to Domino’s (DPZ) and HEICO (HEI.A), while exiting Citi (C) and Nubank (NU). Notably, Berkshire’s POOL position surged +144.5%, signaling confidence in consumer discretionary.
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Meanwhile, Michael Burry’s Scion Asset Management went all-in on a single name—Estee Lauder (EL)—which now makes up 50% of the portfolio after adding 100,000 shares. Burry completely exited 13 positions including Alibaba (BABA), Baidu (BIDU), JD.com (JD), and Molina Healthcare (MOH), suggesting a full pivot away from China exposure and healthcare.
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Both moves reflect contrasting bets: Berkshire doubling down on U.S. consumer staples and discretionary names, while Burry consolidates into a high-conviction play in beauty amid macro volatility.

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UnitedHealth in Turmoil as DOJ Opens Criminal Probe

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UnitedHealth Group (UNH) is under criminal investigation by the Department of Justice for alleged Medicare fraud tied to its Medicare Advantage business. The probe, active since mid-2024, follows earlier civil inquiries into inflated diagnoses used to boost government payments. Though the company denies wrongdoing and says it hasn’t been officially notified, investor reaction has been swift.
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Shares have plunged nearly 50% YTD and fell another 13% following news of the investigation, wiping out over $300 billion in market cap. Compounding the chaos, CEO Andrew Witty abruptly stepped down this week amid mounting scrutiny and rising medical costs. Former CEO Stephen Hemsley has returned to steady the ship.
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The fallout adds to an already brutal stretch for the insurer, which has faced a historic cyberattack, public backlash over executive controversies, and a DOJ lawsuit targeting kickback schemes across the Medicare Advantage sector. The risk of UNH being dropped from the Dow is now on the table.

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Coinbase Under Scrutiny for Inflated User Metrics Amid Data Breach

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Coinbase confirmed it's under SEC investigation for possibly overstating user counts in past filings—an inquiry that began under Biden and continues under Trump’s crypto-friendly SEC. The probe centers on the now-discontinued “verified users” metric, which may have overstated actual engagement.
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Compounding the issue, hackers recently stole customer data and demanded a $20M ransom, with potential fallout reaching $400M. Despite the scrutiny, Coinbase will join the S&P 500 next week and continues expanding globally, as CEO Brian Armstrong eyes its evolution into a leading financial app.

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Virgin Galactic Soars +35% on Narrower Loss, Delta Class Launch Plans

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Virgin Galactic surged 35% after posting a smaller-than-expected $2.38 Q1 loss and revealing launch timelines for its Delta Class SpaceShips. Cargo flights begin in 2026, followed by higher-priced passenger missions. Operating costs fell 21%, and a second spaceport in Italy is under review. SPCE is still down 25% YTD but gaining altitude on long-term space tourism hopes.

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