The Latest Breaking News from CVS Health

Roger Farah, who worked behind the scenes to right Ralph Lauren and Tory Burch, will become executive chairman at CVS.

Mega-cap tech leads the charge as markets rise for a sixth straight week.

The cuts will affect about 1% of its workforce.

A massive port strike and dismal economic data also weighed on the main indexes Tuesday.

CVS Health stock is lower Tuesday on reports the healthcare company is conducting a strategic review of its operations, which includes a potential breakup.

CVS stock is still underwater and CVS Health's board is out of patience, nearly seven years after its Aetna acquisition to build a new model delivering health care out of its stores.

December S&P 500 E-Mini futures (ESZ24) are down -0.13%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.06% this morning as investors awaited the latest reading on U.S. job openings, comments from Federal Reserve officials, and an earnings report from the world’s largest shoemaker Nike.

CVS stock rose 2% on Monday, but the healthcare giant has shed over $26 billion in market cap this year.

The healthcare industry is thriving, owing to the growing healthcare expenditure and aging population. Given the industry’s tailwinds, fundamentally sound healthcare stocks AbbVie (ABBV), Boston Scientific (BSX), and CVS Health (CVS) could be solid buys. Keep Reading….