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The Latest Breaking News from CVS

CVS ousts CEO Karen Lynch

CVS CEO Karen Lynch lost her job in a surprise ouster on Friday.

Fortune · Oct 21, 2024

CVS needs 'realistic targets' says analyst after drug giant abruptly dismisses CEO

The company's approach to guidance this year led to continual cutting of goals.

Fortune · Oct 21, 2024

What went wrong at CVS

An activist shareholder demanding changes, soaring medical costs, and a $68 billion deal for Aetna.

Fortune · Oct 21, 2024

From analysis to the latest developments in health,
read the most diverse news in one place.

CVS workers strike at 7 Southern California stores for better pay and health care

Workers at seven CVS pharmacies in Southern California have gone on strike for better pay and health care and to protest what they say is bad-faith contract bargaining by the company

The Independent UK · Oct 20, 2024

Why Karen Lynch lost the CEO job at CVS

A trifecta of problems, some that started before she took the top job, ended the reign of one of the most powerful women in American business.

Fortune · Oct 19, 2024

There’s a new power player at CVS after Karen Lynch’s dismissal—but he’s not CEO

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

Fortune · Oct 19, 2024

Stock Market Today: Stocks Rally on Strong Netflix Earnings

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

Kiplinger · Oct 18, 2024

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CVS Stock Falls After Karen Lynch Ouster: What to Know

CVS stock is lower Friday after the embattled healthcare company said Karen Lynch is out as CEO, effective immediately

Kiplinger · Oct 18, 2024

CVS Health CEO Karen Lynch Steps Down, Shares Plummet

CVS Health CEO resigns, David Joyner takes over amidst financial challenges and industry shifts.

Walgreens To Close 1,200 Locations Due To Financial Struggles

Walgreens to close 1,200 stores due to financial challenges and online competition. CVS also cutting jobs amidst industry pressures.

Two girls were murdered in Delphi, Indiana, in 2017. A local man will spend life behind bars for their deaths

Abby Williams and Libby German were found murdered in 2017 near Monon High Bridge in Delphi, Indiana. After years of uncertainty, local man Richard Allen has been found guilty and sentenced to 130 years. Andrea Cavallier and Rachel Sharp report

The Independent UK · Oct 12, 2024

The Hidden Power Of Spinoffs: Why They Continue To Outperform

CVS just announced it was considering a breakup. Why is that important? Spinoffs are one of the best-kept investment secrets, despite the fact that many investors typically disregard them and frequently outperform more general markets.

Barchart · Oct 7, 2024

The pharmacy benefit management sector just might be set for a VC-backed shakeup, says Rightway CEO and cofounder Jordan Feldman

In 2023, about 80% of all prescription drug claims in the U.S. were processed by only three companies. VC-backed Rightway CEO and cofounder Jordan Feldman says there’s an opportunity for disruption.

Fortune · Oct 4, 2024

Fortune's 2024 Most Powerful Women list has a new No. 1

GM chief Mary Barra tops the 2024 Most Powerful Women list.

Fortune · Oct 2, 2024

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International Business Times · Oct 2, 2024

CVS Health To Eliminate Almost 3,000 Jobs To Cut Costs

The cuts will affect about 1% of its workforce.

Kiplinger · Oct 1, 2024

Stock Market Today: Stocks Drop, Oil Spikes After Iran Attacks Israel

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

Kiplinger · Oct 1, 2024

Is CVS Health About to Break Up? Here's What We Know

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

Barchart · Oct 1, 2024

What to Expect From UnitedHealth’s Next Quarterly Earnings Report

UnitedHealth will release its third-quarter earnings this month, and analysts anticipate a single-digit bottom-line growth.

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Barchart · Sep 30, 2024

Stocks Recover Early Losses as US Soft-Landing Prospects Improve

The S&P 500 Index ($SPX ) (SPY ) Monday closed up by +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.26%. Stocks on Monday shook off early losses and settled higher. Monday’s...

Fortune · Sep 30, 2024

CVS Health shares rise as hedge fund pushes for change

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

Barchart · Sep 30, 2024

Stocks Modestly Lower Ahead of Fed Chair Powell’s Comments

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.20%. Stocks today are mildly lower. Hawkish comments today from Fed Governor...

Barchart · Sep 30, 2024

Stocks Fall Back as Hawkish Fed Governor Pushes Bond Yields Higher

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.12%. Stocks today are mildly lower. Hawkish comments today from Fed Governor...

International Business Times · Sep 30, 2024

Major CVS Shareholder To Push For Operational Improvements In Meeting With Top Execs: Reports

CVS shareholders reportedly plan to hold a meeting with management for an activist push

The Guardian - US · Sep 24, 2024

‘Can’t afford health insurance’: California CVS workers take strike vote

More than 7,000 workers to hold strike vote this week amid accusations of staff shortages and expensive healthcare

Kiplinger · Sep 12, 2024

Medicare Advantage Customers Face Shrinking Pool of Insurers

Medicare Advantage plan insurers are reducing their enrollments as profit margins shrink.

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