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01 Apr, 2020
Major Drug Retailers Lose Over USD 12.8 Billion in Value
Shares of CVS (NYSE: CVS), Walgreens (NYSE: WBA) and Rite-Aid (NYSE: RAD) lost USD 12.8 Billion in value after Amazon.com, Inc. (NASDAQ: AMZN) announced that it had signed an agreement to buy the online pharmacy, PillPack, on Thursday.PillPack organ..
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CVS-Aetna Merger and Healthcare Clinics' Future
While investors were pitched the multiple benefits of the $69 billion CVS Health Corp (NYSE: CVS) - Aetna Inc (NYSE: AET) merger, the former pitched to its shareholders and the general public that this merger could transform the drugstores owned by ..
CVS Health will Acquire Aetna for Approximately $69 Billion
CVS Health Corp (NYSE: CVS) is all set to buy Aetna Inc (NYSE: AET) for approximately $69 billion in stock and cash in a unique deal that is designed to eliminate challenges in healthcare and retail. The news was made public by the two companie..
CVS Beats Q3 Estimates but Shares Slip
CVS Health Corp. (NYSE:CVS) reported its third quarter earnings and beat analysts’ estimates, but shares fell by over 3 percent early shortly after open on Monday.For the third quarter, CVS reported revenue of $46.18 billion, increasing 3.5 pe..
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Anthem Teams Up with CVS Health
Anthem Inc (NYSE: ANTM) announced that they will partner with CVS Health Corp (NYSE: CVS) in launching their own pharmacy benefit management company called IngenioRX that will take place in January of 2020. The company’s contract with Express ..
Walgreens to Buy Out Half of Rite-Aid’s Stores After Merger Fails
Walgreens Boots Alliance Inc. (NASDAQ: WBA) currently operating as the second biggest pharmacy store chain in the United States behind CVS Health, saw its shares soar 5% up to $81.02 at opening, while Rite Aid Corporation (NYSE: RAD) shares tan..
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