Elevance Health (ELV) shares are sinking in Thursday trading after the health insurer missed on third quarter adjusted earnings estimates and trimmed its full-year guidance. The stock has fallen by 11% intraday as the company cites "unprecedented challenges in the Medicaid business."

Market Domination hosts Julie Hyman and Josh Lipton report more on these developments.

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This post was written by Luke Carberry Mogan.