Latest Pharmacy operators News

EXPLAINER: What's behind the baby formula shortage?

May. 12, 2022 16:38 PM EDT

WASHINGTON (AP) — Many parents are hunting for infant formula because of a combination of short- and long-term problems that has hit most of the biggest U.S. brands. Millions of babies in the U.S. rely on formula, which is the only source of nutrition recommended for infants who...

Judge to decide how much pharmacies owe over opioid crisis

May. 10, 2022 15:43 PM EDT

CLEVELAND (AP) — A hearing has begun in federal court in Cleveland for a judge to determine how much CVS, Walgreens and Walmart pharmacies should pay two Ohio counties to help them ease the ongoing costs and problems caused by the opioid crisis. A jury in November found the...

Walgreens, Florida settle opioid costs lawsuit for $683M

May. 05, 2022 10:27 AM EDT

ST. PETERSBURG, Fla. (AP) — The Walgreens pharmacy chain has reached a $683 million settlement with the state of Florida in a lawsuit accusing the company of improperly dispensing millions of painkillers that contributed to the opioid crisis, state officials said Thursday. State...

After another strong quarter, CVS raises outlook for 2022

May. 04, 2022 10:08 AM EDT

COVID-19 vaccines and tests for the virus continue to boost CVS Health and the health care giant raised its annual forecast after yet another strong quarter. The drugstore chain and pharmacy benefit manager also processed more prescriptions and added customers to its health...

Administration expands availability of COVID antiviral pill

Apr. 26, 2022 21:03 PM EDT

WASHINGTON (AP) — President Joe Biden's administration is taking steps to expand availability of the life-saving COVID-19 antiviral treatment Paxlovid, seeking to reassure doctors that there is ample supply for people at high risk of severe illness or death from the virus. ...

1 drug company settles ahead of San Francisco opioid trial

Apr. 20, 2022 16:51 PM EDT

SAN FRANCISCO (AP) — Drugmaker Endo Pharmaceuticals has agreed to pay the city of San Francisco $10 million over its role in selling prescription opioids in the city. City Attorney David Chiu announced the settlement Wednesday, five days before a trial is to begin of the city's...

Tennessee plans 1st COVID-19-era execution, more scheduled

Apr. 20, 2022 16:37 PM EDT

NASHVILLE, Tenn. (AP) — Tennessee is set to execute its first inmate Thursday since the start of the pandemic, planning a lethal injection procedure that has become less common in the state than the electric chair in recent years. Oscar Smith, 72, is scheduled to die for the 1989...

US Bancorp, Morgan Stanley rise; Tesla, Wells Fargo fall

Apr. 14, 2022 16:18 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Twitter Inc., down 77 cents to $45.08. Elon Musk offered to buy the social media company for $43 billion. UnitedHealth Group Inc., down $2.18 to $534.82. ...

UnitedHealth tops Q1 forecasts, raises 2022 outlook

Apr. 14, 2022 12:31 PM EDT

UnitedHealth Group delivered a better-than-expected first quarter and raised its 2022 forecast, as growth in Medicare Advantage and care delivery once again helped the health care giant. The nation’s largest health insurance provider said Thursday that enrollment in its Medicare...

Epidemiologist: Drug supply fueled WVa crisis over poverty

Apr. 12, 2022 18:53 PM EDT

CHARLESTON, W.Va. (AP) — The influx of prescription opioids into West Virginia communities was the main driver of the state's drug crisis — more than poverty, job loss and other economic stressors, an epidemiologist testified Tuesday at the ongoing trial against three major pharmaceutical...