CVS Health Corp

A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019.Brendan McDermid | ReutersPfizer plans to raise $31 billion through a debt offering to fund its proposed acquisition of cancer drugmaker Seagen, for what would be its largest takeover since 2009, according to a new filing with the Securities and Exchange Commission.Pfizer expects to complete the $43 billion Seagen buyout later this year or in early 2024. The debt offering is expected to close on May 19, according to a…

A CVS location in New York, US, on Thursday, Feb. 9, 2023.Stephanie Keith | Bloomberg | Getty ImagesCVS Health on Wednesday reported first-quarter results that beat earnings and revenue expectations, but the company lowered its full-year profit guidance due to costs related to recent acquisitions.Shares fell more than 1% in premarket trading Wednesday.Here's what CVS reported compared with Wall Street's expectations, based on a survey of analysts by Refinitiv:Earnings per share: $2.20 adjusted, vs. $2.09 expectedRevenue:…

Juanmonino | E+ | Getty ImagesSeniors with early Alzheimer's disease will face major hurdles to get treated even if promising new drugs roll out more broadly in the coming years, putting them at risk of developing more severe disease as they wait months or perhaps years for a diagnosis.The U.S. health-care system is not currently prepared to meet the needs of an aging population in which a growing number of people will need to undergo evaluation for Alzheimer's, according to neurologists, health policy experts and the…

A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty ImagesIn strip malls across the country, Bed Bath & Beyond stores have "Closing Soon" signs.For other retailers, those may as well be "For Rent" signs.The home goods retailer, which filed for bankruptcy Sunday, won't only create opportunities for competitors to gain new customers and market share. Its shuttered stores will kick off a land grab for retailers hungry for additional…

In this photo illustration, an insulin pen manufactured by the Novo Nordisk company is displayed on March 14, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesThe top executives of the three drug companies that control 90% of the global insulin market will testify May 10 before the Senate Health Committee on lowering prices of their diabetes drugs, panel Chairman Sen. Bernie Sanders said Friday.Those companies — Eli Lilly, Novo Nordisk and Sanofi — had announced in March that they will slash prices of…

My top 10 things to watch Friday, April 21 1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker's "brazen willingness to accept lower product margins." Meanwhile, Barclays lowered its price target on Tesla to $220 per share, from $230, but maintained an overweight rating on the stock. 2. Amazon 's (AMZN) Whole Foods is planning to cut several hundred corporate jobs , in a sign the parent company still doesn't understand…

America's biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. Over the last several years, companies such as Home Depot, Lowe's, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm about organized bands of thieves who ransack their stores and resell the goods on online marketplaces. They've poured money into theft prevention strategies, such as plastic…

CNBC's Jim Cramer on Friday advised investors to ring the register on some of their positions to take advantage of the bull market. "I don't know if we can continue this week's bizarrely bullish behavior, but it's worth sticking around and … you can trim a bit of some stock that you're up a lot," he saidStocks fell on Friday after a strong January jobs report renewed fears that the Federal Reserve will continue hiking interest rates. The S&P 500 and Nasdaq Composite still managed to end the week on the positive side,…

Mifepristone (Mifeprex) and Misoprostol, the two drugs used in a medication abortion, are seen at the Women's Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, New Mexico, on June 17, 2022.Robyn Beck | AFP | Getty ImagesThe Food and Drug Administration is squaring off with anti-abortion physicians in an unprecedented legal challenge to its more than two-decade-old approval of a pill used to terminate early pregnancies.The Alliance for Hippocratic Medicine asked a federal district…

Virgin Orbit's LauncherOne rocket on display in Times Square, New York.CNBC | Michael SheetzCheck out the companies making the biggest moves midday:Virgin Orbit — The satellite launch service company fell 13.99% a day after it confirmed its first launch out of the United Kingdom Monday failed to reach orbit. The mission was Virgin Orbit's sixth to date, and its second launch failure.Danaher — Shares of Danaher rose 4.64% after the maker of medical, industrial and commercial products issued upbeat guidance for…