Latest CVS Health Corp News

Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss

Jan. 05, 2023 10:48 AM EST

A huge opioid settlement dragged Walgreens to a $3.7 billion loss for the first quarter, but the drugstore chain still beat Wall Street forecasts. The company also reaffirmed its earnings forecast for the new year. Walgreens said Thursday that it recorded a $5.2...

Walmart offers to pay $3.1 billion to settle opioid lawsuits

Nov. 15, 2022 13:02 PM EST

Walmart proposed a $3.1 billion legal settlement on Tuesday over the toll of powerful prescription opioids sold at its pharmacies, becoming the latest major drug industry player to promise major support to state, local and tribal governments still grappling with a crisis in overdose deaths. ...

Walgreens push into comprehensive care picks up momentum

Nov. 07, 2022 12:23 PM EST

Walgreens extended its push into more comprehensive health care with its VillageMD unit acquiring another urgent and primary care chain, Summit Health-CityMD, in a deal worth close to $9 billion. Walgreens and rival CVS, two retail chains with thousands of locations, have evolved in...

CVS Health, Match Group rise; Airbnb, Estee Lauder fall

Nov. 02, 2022 16:20 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: CVS Health Corp., up $2.18 to $96.80. The drugstore chain and pharmacy benefits manager raised its profit forecast for the year. Airbnb Inc., down $14.64 to $94.41....

CVS, Walgreens announce opioid settlements totaling $10B

Nov. 02, 2022 14:44 PM EDT

The two largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart, a third pharmacy behemoth, is in discussions for a deal. The...

CVS Health tops forecasts, reserves billions for settlement

Nov. 02, 2022 12:23 PM EDT

CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid litigation deal but still beat expectations and raised its 2022 forecast. The health care giant detailed on Wednesday a planned nationwide settlement of lawsuits over how...

Indiana drugstore worker held in 2017 killings of teen girls

Oct. 31, 2022 17:24 PM EDT

DELPHI, Ind. (AP) — Authorities on Monday announced an arrest in the unsolved murders of two teenage girls -- a drugstore worker who has been living in the same small northern Indiana community where their bodies were found after they went on a hike nearly six years ago. Richard...