GE

Multinational conglomerate General Electric (NYSE:GE) has received the green light from its board of directors to spin off the healthcare unit. The approval marks a step forward in GE’s plans to become an aviation-focused company. In November 2021, the company announced plans to split into three independent companies, with a focus on Healthcare, Aviation, and Renewable Energy, Power and Digital businesses. The new company would be named GE HealthCare Technologies Inc. and is expected to trade on Nasdaq under the ticker “GEHC” from January 4, 2023, onwards. Interestingly, GE will retain up to 19.9% of its stake in the new entity.
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