CVS Health

CVS Health plans to close dozens of pharmacies inside Target stores at a time when pharmacy chains are struggling to grow retail profits.CVS will close the pharmacies between February and April this year, said a company spokeswoman. The closures are part of CVS’s efforts to pare down its retail footprint “based on our evaluation of changes in population, consumer buying patterns and future health needs,” she said.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS…

CVS Health on Friday said Shawn Guertin, its top finance executive who has been on a leave of absence since October due to family health reasons, won’t return to the healthcare-services giant.CVS said Guertin has stepped down as chief financial officer and president of health services and will leave the Woonsocket, R.I., company at the end of May.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS Health on Friday said Shawn Guertin, its top finance executive who has…

Today, December 14, there were some interesting reports coming from the artificial intelligence (AI) space. Ahead of the 57th anniversary of World Day of Peace, Pope Francis urged world leaders to ensure that progress made in developing AI tools “will ultimately serve the cause of human fraternity and peace”. In other news, Russian President Vladimir Putin appeared briefly lost for words when he met with an AI-generated version of himself. This and more in today's AI roundup. Let us take a closer look.Pope warns of AI…

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Apple Inc., Marriott International Inc. and Starbucks Corp. are among the companies that will report quarterly results in coming days, offering a closer look at consumer spending habits in a slowing economy. Ride-hailing company Uber Technologies Inc., auto maker Ford Motor Co. and pharmacy chain CVS Health Corp. are also scheduled to report, as consumers face steady price increases and inflation shows few signs of retreating. Apple Inc., Marriott International Inc. and…

Rite Aid Corp.’s cash reserves are dwindling, a lawsuit is looming and sales are slowing ahead of the drugstore chain’s fourth-quarter earnings on Thursday. Meanwhile, investors are waiting for the company to name a permanent chief executive to chart a path to growth as demand wanes for Covid-19 booster shots and testing services.  Rite Aid Corp.’s cash reserves are dwindling, a lawsuit is looming and sales are slowing ahead of the drugstore chain’s fourth-quarter earnings on…

The Federal Trade Commission warned approximately 670 companies of the penalties they could face if they mislead consumers with unsubstantiated product claims, part of a continuing effort to re-establish the agency’s authority to penalize brands that engage in deceptive marketing practices. The warnings follow a December update to the FTC’s guidance on advertising health-related products that emphasized the need for concrete substantiation for claims. The new warnings aren’t limited to…

Pharmacies and medication abortion are emerging as contentious political battlegrounds in the increasingly complex issue of abortion access in the U.S. Walgreens Boots Alliance Inc. has found itself at the center of the fray after the pharmacy chain said it wouldn’t dispense the abortion pill in states where abortion is illegal and in several states where it is currently legal, including Alaska, Iowa, Kansas and Montana, given the “complexity and flux” of the laws in those places related to…

Amazon . com Inc. closed a $3.9 billion deal to acquire an operator of primary-care clinics, joining an array of companies betting on physicians and medical services to broaden their reach in healthcare. The company said Wednesday it had completed its acquisition of 1Life Healthcare Inc., which operates a primary-care practice under the name One Medical. The deal gives Amazon access to dozens of medical offices in more than 20 U.S. markets, as well as deals with thousands of companies to provide…