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2 mins read
Pharmacy stocks are getting Amazon'd as the consumer giant pushes into online prescription drugs — and CVS and Walgreens are tanking
Amazon's foray into prescription drugs has been in the works for some time, hinted at by its acquis…
Matthew Fox
2 mins read
'Big Short' investor Michael Burry discloses new bets on Bristol-Myers Squibb and General Dynamics — and reveals he sold CVS Health and Lockheed Martin
Burry's Scion Asset Management swapped out four of its six US stocks last quarter, helping to boost…
Theron Mohamed
1 min read
Walgreens says cooler screens caught fire and showed the wrong prices in its stores
Cooler Screens displays, designed to show ads, caught fire, displayed incorrect prices, and suffere…
Alex Bitter
1 min read
Stocks fall as Fitch's downgrade of US debt rating rattles confidence
Fitch downgraded the long-term outlook for the US from AAA to AA+ on Tuesday, pointing to "expected…
Phil Rosen
1 min read
Rite Aid says it plans to close 63 stores — and will likely find even more to close in the coming months
Rite Aid CEO Heyward Donigan said she planned to move away from traditional in-store pharmacies tow…
Allana Akhtar
1 min read
CVS is buying home-healthcare company Signify Health for $8 billion in major healthcare tie-up
"We can't be in primary care without M&A. We've been very clear about that," CVS CEO Karen Lynch to…
Rebecca Ungarino
1 min read
Teladoc drops on report that Amazon is building a business to offer primary care for other companies
Amazon's push into healthcare services has been years in the making, most recently marked by the e-…
Matthew Fox
2 mins read
Amazon's new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says
D.A. Davidson's Tom Forte told Bloomberg that Amazon's collective healthcare efforts will noticeabl…
Emily Graffeo
2 mins read
'The Big Short' investor Michael Burry sold most of his US stocks last quarter - but added 3 new holdings
Burry, who has been warning of an epic stock-market crash, took a knife to his stock portfolio in t…
Theron Mohamed
2 mins read
These are the stocks to own in the second half of 2021 as markets navigate higher interest rates, according to Goldman Sachs
Goldman outlined its expectations that the S&P 500 will jump 7% to 4,600 by the end of 2022 as the …
Matthew Fox
3 mins read
CVS and other drug-plan providers surge after the Trump administration scraps a key part of its push to lower prices
"Based on careful analysis and thorough consideration, the President has decided to withdraw the re…
Ben Winck,Lydia Ramsey
1 min read
Aetna and CVS spike on reports that CVS is in talks to acquire the insurance company
Shares of Aetna jumped more than 12% after reports that CVS was in talks to acquire the insurance p…
Seth Archer
2 mins read
US stocks slip as investors struggle to keep momentum following best month for the market since 2020
US stocks fell Monday after the S&P 500 and Nasdaq Composite posted their strongest gains since 202…
Brian Evans
3 mins read
Tata Motors’ stock at nearly two-month high after selling more cars than Hyundai in December
Tata Motors’ shares are on a high on the first day of trading this year, with its share price risin…
2 mins read
US stocks take a breather after hitting records as traders balk at spiking virus cases
US stocks took a breather on Tuesday after closing at record highs on Monday as investors surveyed …
Matthew Fox
8 mins read
Pharmacists at CVS and Walgreens describe nerve-racking interactions with potentially infected customers as locations are overrun during the coronavirus pandemic
In early March, a patient who had just been released from the hospital and was under quarantine ord…
Irene Jiang
15 mins read
The US is not headed for a depression and it makes sense to buy stocks at current prices, according to the chief strategist of JPMorgan's $2 trillion asset management arm
Kelly: Well, yes if you are taking a long term perspective on this. So, a good way of looking at th…
Sara Silverstein
3 mins read
The ongoing CVS-Pillpack lawsuit just revealed part of Amazon's plan to disrupt the prescription drug market
Other insurers are jumping on the bandwagon, too: Anthem, for instance, is prepping to roll out its…
Zoë LaRock
2 mins read
Healthcare stocks are rallying after Trump gives a vague plan to lower drug prices
The Trump administration promised more flexibility to improve pricing negotiations, giving free gen…
Lisa Fu
3 mins read
Tata Motors may report loss for yet another quarter led by weak JLR sales, commercial vehicles’ pain
The auto sector in India may be witnessing the green shoots of recovery over the last quarter. Howe…