Latest Pharmacy operators News

US report: Prescription drug prices down slightly last year

Dec. 5, 2019 4:03 PM EST

WASHINGTON (AP) — Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday. Though modest, it was the first such price drop in 45 years, according to nonpartisan economic...

Tech Data, Diplomat Pharmacy rise; Helmerich & Payne falls

Nov. 29, 2019 2:17 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Tech Data Corp., up $15.89 to $144.89 Shares surged after Apollo Global Management raised its offer to buy the technology company to $145 per share in cash from $130. Helmerich & Payne Inc., down 93 cents to $39.53 The...

Opioid trial against pharmacy chains scheduled for next year

Nov. 19, 2019 5:06 PM EST

CLEVELAND (AP) — A judge overseeing 2,500 federal lawsuits related to the nation’s opioid crisis has scheduled a trial for late next year over the role played by major pharmacy chains. U.S. District Court Judge Dan Polster in Cleveland ruled Tuesday that he would hear a case next October brought by...

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

Asian stocks mostly lower after US indexes hit pause

Nov. 6, 2019 11:31 PM EST

BANGKOK (AP) — Asian stocks were mostly lower Thursday after a meandering day of trading in the U.S. left stock indexes close to their record highs. The Shanghai Composite Index declined 0.3% to 2,969.81. Tokyo's Nikkei 225 was down 0.1% at 23,275.17. Hong Kong's Hang Seng sank 0.4% to 27,589.65 and South...

CVS, Humana post gains while Facebook, Match tally losses

Nov. 6, 2019 4:25 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: CVS Health Corp., up $3.61 to $70.93 The drugstore chain and pharmacy benefits manager raised its profit forecast after reporting surprisingly good third-quarter earnings. Aircastle Ltd., up $4.68 to $32.27 The aircraft leasing...

CVS gets a 3Q booster shot from Aetna as revenue soars

Nov. 6, 2019 11:18 AM EST

CVS Health revenue surged in the third quarter as the drugstore chain and pharmacy benefits manager added health insurance and pushed ahead with a plan to change how many of its stores operate. The company said Wednesday its roughly $69 billion acquisition of the insurer Aetna helped its top line climb 36% in the...

Medical marijuana in Louisiana: Questions about cost arise

Nov. 4, 2019 8:24 PM EST

BATON ROUGE, La. (AP) — Three months after medical marijuana became available in Louisiana, doctors and clinics say some patients are finding the cost for therapeutic cannabis too high for treatment, pricing them out of a medication they waited years to obtain. Nine pharmacies dispense medicinal-grade pot...

Walgreens to shutter in-store clinics, add Jenny Craig sites

Oct. 28, 2019 2:25 PM EDT

Walgreens will shutter nearly 40% of the clinics in its stores as the drugstore chain cuts costs and shifts to other businesses it believes will draw more people through its doors. The company said Monday that it will close 150 Walgreens-run clinics by the end of the year, but it will keep open more than 200 that...

$260 million deal averts 1st federal trial on opioid crisis

Oct. 21, 2019 5:23 PM EDT

CLEVELAND (AP) — The nation's three biggest drug distributors and a major drugmaker agreed to an 11th-hour, $260 million settlement Monday over the terrible toll taken by opioids in two Ohio counties, averting the first federal trial over the crisis. The trial, involving Cleveland's Cuyahoga County and...