The U.S. Justice Department announced late Thursday that it is suing Chemed Corp. (CHE) and its hospice subsidiaries. The government is accusing the company of being involved in the submission of false claims for crisis care services that proved to be unnecessary, were never actually provided or failed to meet Medicare requirements.
Chemed has gapped open dramatically lower Friday and is now down 16.29 at $65.50 on above average volume. The stock has dropped to a 5 1/2 month low.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.