CVS Health climbs after naming UPS exec Brian Newman CFO

Shares of health insurer CVS Health CVS.N rise 7.2% to $68.48 premarket

CVS names United Parcel Service UPS.N executive Brian Newman as its new chief financial officer

This marks the first top management change for the health insurer under the leadership of CEO David Joyner

Newman replaces Thomas Cowhey, who has held the CFO position for a little over a year

Shares of few health insurers rise premarket after the U.S. announced a 5.06% average increase in the government's finalreimbursement rates for 2026 Medicare Advantage (MA) health plans

The rate increase is more than double of what was proposed in January

As of last close, CVS stock up 42.2% YTD