Latest Pharmacy operators News

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...

West Virginia's opioid crisis transcends partisan politics

Nov. 06, 2022 13:01 PM EST

CHARLESTON, W.Va. (AP) — Dr. Frank Annie sees desperation in his hospital, where 30- and 40-year-olds come in with organ failure after injecting opioids with dirty needles. Joe Solomon finds it in the faces of those who line up in the church gyms and parking lots where he passes out overdose...

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...

CVS says it has reached a proposed $5B deal that would make it first pharmacy chain to settle opioid lawsuits across US

Nov. 02, 2022 06:28 AM EDT
WOONSOCKET, R.I. (AP) — CVS says it has reached a proposed $5B deal that would make it first pharmacy chain to settle opioid lawsuits across US.

Walgreens beats fiscal 4Q forecasts, absorbs UK business hit

Oct. 13, 2022 09:52 AM EDT

Walgreens Boots Alliance topped earnings forecasts in the final quarter of fiscal 2022, and the drugstore chain’s early look at 2023 also fell mostly above expectations. A drop in COVID-19 vaccinations and a big charge tied to the company’s United Kingdom stores weighed on...

CVS, Levi Strauss fall; Credit Suisse, Ambac rise

Oct. 07, 2022 16:41 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Ambac Financial Group Inc., up $2 to $14.80. The bond insurer is settling a mortgage-backed securities lawsuit with Bank of America for $1.84 billion. Madison Square...

CarMax, Rite Aid fall; Enerpac, Vail Resorts rise

Sep. 29, 2022 16:28 PM EDT

Stocks that traded heavily or had substantial price changes Thursday: Amazon.com Inc., down $3.21 to $114.80. The internet retail giant is raising its average starting pay for frontline workers from $18 to $19 a hour. Starbucks Corp., down 54 cents to...