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The Latest Breaking News from CVS

S&P Futures Soar as Trump Claims Election Victory, FOMC Meeting on Tap

December S&P 500 E-Mini futures (ESZ24) are trending up +2.37% this morning as Donald Trump declared victory in the U.S. presidential election, while investors also geared up for the start of the Federal Reserve’s two-day policy meeting.

Barchart

CVS workers reach tentative contract agreement after weekend strike

The unions representing more than 7,000 CVS workers in Southern California have reached a tentative agreement on a contract

The Independent UK

Inside CVS and Walgreens' downturn: How misguided M&A damaged America's drugstores

CVS and Walgreens shares have plummeted from all the M&A, while Rite Aid is a much smaller chain.

Fortune

From analysis to the latest developments in health,
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Walmart Offers Prescription Delivery To Customers Amid Walgreens And CVS Store Closures

The new delivery offering is live in Arkansas, Missouri, New York, Nevada, South Carolina, and Wisconsin. Walmart said its pharmacy delivery is expected to be available in 49 states by the end of January 2025, reaching tens of millions of customers.

International Business Times

What to Expect From CVS Health's Next Quarterly Earnings Report

With CVS Health gearing up to release its third-quarter earnings next month, analysts expect a double-digit drop in earnings.

Barchart

Jensen Huang and Mark Zuckerberg each got $76 billion richer this year—equal to Spotify's market cap

The increase in their wealth also exceeds the entire market cap of CVS, Target, and Capital One.

Fortune

CVS ousts CEO Karen Lynch

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

Fortune

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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

What went wrong at CVS

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

Fortune

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

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

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

Stock Market Today: Stocks Rally on Strong Netflix Earnings

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

Kiplinger

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

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Top News

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.

The Independent UK

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

Barchart

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.

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Fortune

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

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

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

International Business Times

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

The cuts will affect about 1% of its workforce.

Kiplinger

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

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

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.

Barchart

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...

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