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CVS HEALTH


Daywatch: Takeaways from the State of the Union address

Good morning, Chicago. Here are some of the top stories you need to know to start your day.

chicagotribune.com

CVS buying Chicago’s Oak Street Health in deal valued at $10.6 billion

The deal aims to expand CVS’s reach into primary care

chicagotribune.com

Post Politics Now GOP using committee spots to reward and punish in the new House

A clearer picture is emerging about which Republicans are being rewarded with plum House committee spots — and which Democrats might be denied posts.

washingtonpost.com

DeSantis inauguration sponsored by companies he loves to bash

Lobbyists for the governor’s favorite corporate punching bags, such as Disney and BlackRock, were also co-chairs for his inauguration.

washingtonpost.com

CVS sued by nurse who was fired after she refused to prescribe birth control because of her religious beliefs

A third lawsuit against the pharmacy chain claims it illegally fired an employee who said her religion prevented her from prescribing the drugs.

cbsnews.com

Jim Cramer's top 10 things to watch in the market Tuesday: Big Microsoft AI bet, defensive rotation

U.S. stock futures drop after Monday's mixed session that saw beaten tech catch a bid and boost the Nasdaq at the expense of defensive stocks.

cnbc.com

Michael Farr: These are 2023's top stock picks for what could be a rocky year

Lower lows could be ahead for investors. Here are Michael Farr's picks for the new year.

cnbc.com

Drugstore chains limit purchases of children's pain-relief medicine

CVS, Rite Aid and Walgreens restrict sales amid heavy demand for over-the-counter fever, flu and cold products.

cbsnews.com

Children's medicine shortage hits as flu season starts fast

Caring for sick children has become extra stressful for many U.S. parents recently due to shortages of Children’s Tylenol and other medicines.

CVS Health agrees to a $5 billion settlement in opioid lawsuits

It would become the first major pharmacy chain to settle cases over the handling of prescriptions for the powerful and addictive painkillers that are linked to an overdose epidemic.

npr.org

CVS, Walgreens agree to settle opioid lawsuits for $10 billion

The pharmacy giants will pay close to $5 billion apiece to resolve litigation with states, cities and tribes tied to the painkiller.

washingtonpost.com

CVS Health agrees to $5 billion settlement of opioid lawsuits

The deal would make it the first major pharmacy chain to reach a nationwide settlement of lawsuits over its handling of opioid prescriptions linked to the overdose epidemic.

cbsnews.com

CVS Health raises outlook as third quarter results beat estimates

CVS Health beat Wall Street's expectations in its third quarter earnings report. The company also announced an opioid settlement.

cnbc.com

CVS cuts cost of menstrual products in 12 states with "tampon tax"

Consumption taxes on tampons and other menstrual products limits access to goods basic to female dignity, U.N. says.

cbsnews.com

Stocks making the biggest moves premarket: AMD, Levi Strauss, DraftKings and more

These are the stocks posting the largest moves before the bell.

cnbc.com

Secret Distaste For ‘Orange Jesus’ Revealed

Outgoing Wyoming Rep. Liz Cheney (R) revealed that many in her own party hold their nose and support Trump, for fear of getting punished at the ballot box.

news.yahoo.com

CVS Health moves closer to home care with $8B Signify deal

CVS Health will pay about $8 billion to expand into home care, a practice that could cut costs and keep patients happy, provided they get the help they need.

CVS to buy home health giant Signify Health for about $8 billion

The Signify acquisition comes as CVS rivals from Amazon to Walgreens are moving further into the health-care sector.

cnbc.com

CVS Health fires nurse over her anti-abortion stance, lawsuit says

Paige Casey is suing retail chain for $100K, but providing abortion options is part of her job, a CVS spokesman said.

cbsnews.com

Stocks making the biggest moves premarket: CVS, Under Armour, Moderna and more

The stocks making the biggest moves in premarket trading include CVS, Under Armour, Moderna and more.

cnbc.com

CVS asks pharmacists in some states to verify prescriptions will not end pregnancy

CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy. DeAngelis said state laws that restrict the dispensing of medications used for abortions have forced the company to start the validations. DeAngelis said CVS Health will still fill prescriptions for miscarriages or ectopic pregnancies, which grow outside the womb and are not viable. “We will continue to focus on delivering care to our patients while complying with state laws and federal guidance that continues to evolve,” DeAngelis said in an email. Methotrexate also is used to treat several types of cancers as well as rheumatoid arthritis, according to the Mayo Clinic.

mlive.com

CVS wants to know if certain drugs will be used for abortions

In states with abortion ban, drugstore chain is now asking pharmacists to verify that drugs won't be used to end a pregnancy.

cbsnews.com

CVS seeks verification on drugs with possible abortion use

CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy.

‘We’ve been waiting for this day.’ COVID-19 shots for Illinois’ youngest residents begin.

On Monday, some Illinois providers began giving the first COVID-19 vaccines to children under the age of 5.

chicagotribune.com

CVS exec: People deserve fair shot at being healthy

The new chief health equity officer at CVS Health hopes she will have more influence in fixing care disparities before they land patients in the hospital.

The nationwide baby formula shortage is getting worse

At retailers across the U.S., 40% of the top-selling baby formula products were out of stock as of late last month.

cbsnews.com

The nationwide baby formula shortage is getting worse

At retailers across the U.S., 40% of the top-selling baby formula products were out of stock as of late last month.

cbsnews.com

The nationwide baby formula shortage is getting worse

At retailers across the U.S., 40% of the top-selling baby formula products were out of stock as of late last month.

cbsnews.com

The nationwide baby formula shortage is getting worse

At retailers across the U.S., 40% of the top-selling baby formula products were out of stock as of late last month.

cbsnews.com

Stocks making the biggest moves midday: Uber, Lyft, Airbnb, Starbucks and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

CVS raises forecast for year, as first-quarter earnings top expectations

CVS Health outpaced expectations for earnings and raised its guidance for the year, as it saw demand for at-home Covid tests, prescriptions and more.

cnbc.com

Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage

Companies were reticent to weigh in, even as the Supreme Court on Tuesday confirmed the authenticity of a leaked draft of the majority opinion.

cnbc.com

Baby formula shortage: These retailers are rationing stock and limiting customer purchases

In some states, more than half of baby formula products were out of stock, new data shows.

cbsnews.com

Walmart to stop selling cigarettes in some stores

Some of the retailer's stores in California, Florida and other states will no longer offer the tobacco products.

cbsnews.com

CVS CEO Karen Lynch fires executives after internal sexual harassment investigation, report says

At least two female CVS employees alleged a New Jersey-based regional store manager touched them inappropriately or harassed them at work, WSJ says.

cnbc.com

CVS files to trademark its pharmacy and health clinics in the metaverse

CVS Health looks to patent its stores as well as sales of virtual goods including prescription drugs, wellness, beauty and personal care products.

cnbc.com

Stocks making the biggest moves midday: CVS, Enphase Energy, Chipotle, Lyft and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

CVS faces its next challenge: Growing sales as demand for Covid vaccines fade

As pandemic tailwinds fade, CVS's ambitions to become more of a health-care destination will be front and center.

cnbc.com

CVS fourth-quarter earnings top expectations as Covid vaccines lift overall store sales

CVS Health said demand for Covid vaccines and at-home tests lifted overall store sales, helping the company top expectations for fourth-quarter earnings.

cnbc.com

CVS CEO Karen Lynch says smash-and-grab robberies fueled by online marketplaces

The health-care executive joined a growing number of executives who have expressed concern about the rise in organized crimes.

cnbc.com

CVS says it expects sales to accelerate as it expands its range of health-care services

CVS Health expects its earnings and revenue to grow in the year ahead, as it focuses on making health care more affordable and easier for customers.

cnbc.com

900 CVS stores to close over next 3 years

CVS Health will close hundreds of U.S. store locations over the next three years, the drug store chain announced. In a statement, CVS said it will close 300 stores per year over the next three years with shutdowns starting in spring 2022. Exact locations have not been announced and the statement noted CVS “is committed to offering impacted colleagues roles in other locations or different opportunities as part of its overall workforce strategy.”CVS said the closures come after evaluating changes in population, consumer buying patterns and future health needs. “Our retail stores are fundamental to our strategy and who we are as a company,” said Karen S. Lynch, president and CEO of CVS Health. CVS operates more than 10,000 stores across the U.S.

mlive.com

CVS Health to close 900 of its drugstores over the next 3 years

"We remain focused on the competitive advantage provided by our presence in thousands of communities," its CEO said.

cbsnews.com

CVS Health lays out plan to close hundreds of drugstores over next 3 years

CVS Health will close hundreds of drugstores over the next three years, as the health care giant adjusts to changing customer needs and converts to new store formats.

CVS to close about 900 stores over next three years, as it shifts to digital strategy

The drugstore chain said it will focus more of its efforts on digital growth and turning its stores into health-care destinations.

cnbc.com

Stocks making the biggest moves premarket: New York Times, CVS Health, Humana and more

These are the stocks posting the largest moves before the bell.

cnbc.com

CVS Health earnings beat expectations, but shares drop

A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. CVS Health on Wednesday beat expectations for fiscal third-quarter earnings as the company got a boost from filling more prescriptions and giving more Covid-19 vaccines. The company raised its forecast for the year, saying it expects adjusted earnings per share of $7.90 to $8.00, from $7.70 to $7.80. Excluding items, it earned $1.97 per share, more than the $1.78 per share expected by analysts surveyed by Refinitiv. Revenue jumped to $73.79 billion from $67.06 billion a year earlier, outpacing expectations of $70.49 billion.

cnbc.com

CVS director of organized retail crime explains how professional thieves are stealing $2,000 from stores in just 2 minutes

Retailers testified at a Senate hearing Tuesday, shedding new light on recent surges in organized retail crime, when stolen goods are sold online.

news.yahoo.com

‘The honor of my life’: Dr. Khaldun speaks out after stepping down as Michigan’s chief medical executive

Dr. Joneigh Khaldun, the former chief medical executive for the Michigan Department of Health and Human Services, has been named the vice president and chief health equity officer of CVS Health.

Former Michigan chief medical executive hired by CVS Health

A top Michigan health official who resigned last month will take on a new role with CVS Health, the company reported on Monday. CVS Health announced Khaldun will join the company as vice president and chief health equity officer. Dr. Kyu Rhee, senior vice president and Aetna chief medical officer, praised Khaldun’s expertise and qualifications in a statement. In that role, she has provided oversight for public health and aging programs, Medicaid, and behavioral health for the state. Bagdasarian received her medical degree from Wayne State University and her master of public health from the University of Michigan.

mlive.com

Former Michigan chief medical executive Dr. Joneigh Khaldun named new VP of CVS Health

Dr. Joneigh Khaldun, the former chief medical executive for the Michigan Department of Health and Human Services, has been named the vice president and chief health equity officer of CVS Health.

Walgreens CEO Roz Brewer: Tobacco sales under 'real scrutiny' as drugstore chain steps up health-care focus

In a CNBC interview, the drugstore chain's new CEO said the company is looking at the merchandise it sells and whether it aligns with its health-care mission.

cnbc.com

Walgreens to raise wages for hourly workers to $15 by November 2022

Walgreens Boots Alliance said Tuesday that it will raise its minimum wage to $15 per hour by next year.

cnbc.com

Pfizer's FDA approval could open floodgates for corporate vaccine mandates

Expect "a very quick domino effect of employers taking advantage of this," one labor attorney said.

cbsnews.com

Pfizer's FDA approval could open floodgates for corporate vaccine mandates

Expect "a very quick domino effect of employers taking advantage of this," one labor attorney said.

cbsnews.com

CVS Health, other companies mandate coronavirus shots after FDA grants full approval to Pfizer vaccine

President Biden urged companies to step up vaccine requirements. “If you’re a business leader, a nonprofit leader, a state or local leader who has been waiting for full FDA approval to require vaccinations, I call on you now to do that — require it."

washingtonpost.com

CVS Health says the peak of Covid vaccinations has already happened

The drugstore chain and health insurer is trying to figure out what the delta coronavirus variant may mean for its business.

cnbc.com

Nightside Report Dec. 21, 2020: Liquor licenses suspended for 5 southeast Michigan businesses, Judge set to make decision on Flint water lawsuit settlement

The state agency noted that the action was taken against the businesses for breaking the Michigan Department of Health and Human Services extended COVID restrictions. In August, Michigan first announced a settlement of more than $600 million in the Flint water lawsuit. CVS Health announced it is launching a nationwide effort to help vaccinate thousands of staff and residents at long-term care facilities against COVID-19. As part of the Michigan Department of Health and Human Services’ new COVID-19 order, certain entertainment venues that had been closed for the last month can reopen with limited capacity. Gretchen Whitmer along with the Michigan Department of Health and Human Services announced both are ready to start reopening a lot of businesses Monday.

CVS to administer COVID-19 vaccines at long-term care facilities

DETROIT – CVS Health announced it is launching a nationwide effort to help vaccinate thousands of staff and residents at long-term care facilities against COVID-19. That includes nearly 1,000 facilities in Michigan. READ: MDHHS using 2 ‘core, science-based ideas’ to decide what should reopen, remain closed in MichiganAfter healthcare workers on the frontlines are vaccinated, next up with be seniors and staff members at long-term care facilities. CVS will be vaccinating the elderly and staff members at nearly a thousand locations. Across the state, there are roughly 5,000 long-term care facilities with about 200,000 residents and staff.

The Latest: S Korea tightens pandemic rules over virus surge

Among those getting help are hard-hit businesses, schools, health care providers and renters facing eviction. ___Follow AP’s coverage at https://apnews.com/hub/coronavirus-pandemic, https://apnews.com/hub/coronavirus-vaccine and https://apnews.com/UnderstandingtheOutbreak___HERE’S WHAT ELSE IS HAPPENING:OLYMPIA, Wash. — Washington state Gov. ___DENVER — Colorado’s legislature will go into recess soon after convening in January as lawmakers wait for COVID-19 cases to subside. About 7,000 Kentucky residents, the vast majority of them health care workers in hospitals, have been vaccinated since. ___CHARLESTON, W.Va. — West Virginia set another weekly record for positive coronavirus cases and deaths as it awaits an influx of vaccines from Moderna.

CVS Health to provide drive-thru rapid COVID-19 testing in Dearborn

DEARBORN, Mich. – The Michigan governor announced Tuesday a partnership with CVS Health to provide drive-through rapid COVID-19 testing in Dearborn. Gretchen Whitmer’s office, COVID-19 testing will be conducted in the parking lot of the Henry Ford Centennial Library -- 16301 Michigan Ave. -- at no cost to eligible Michiganders. Testing will be conducted using the new Abbot ID NOW™ COVID-19 test, which recently received emergency use authorization from the U.S. Food and Drug Administration for the fastest detection of the virus. Patients are required to stay in their vehicles at the testing site. The testing process takes about 30 minutes from the collection of the swab to the delivery of results.

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