Tag: CVS Health Corp

2024-11-20

CVS, UnitedHealth, Cigna sue to block FTC case over insulin prices

No Comments
Business

CVS Pharmacy logo is seen in Washington DC, United States on July 9, 2024. Jakub Porzycki | Nurphoto | Getty Images CVS Health, UnitedHealth Group and Cigna sued the Federal Trade Commission on Tuesday, claiming that the agency’s case against drug supply chain middlemen over high insulin prices in the U.S. is unconstitutional.  The complaint, filed in the U.S….

Read More

2024-10-19

CVS replaces CEO Karen Lynch with exec David Joyner

No Comments
Business

Longtime CVS Health executive David Joyner has succeeded Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. The stock closed around 5% lower on Friday. CVS has faced challenges as higher…

Read More

2024-10-05

CVS is considering a break up. Here’s why that could be risky

No Comments
Business

A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida.  Joe Raedle | Getty Images It’s time for a wellness check at CVS Health. Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement pressure, among other issues. As…

Read More

2024-10-01

Major CVS shareholder plans activist push, meet with execs: sources

No Comments
Business

Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push. The hedge fund has established a sizable position in the company, said some of the people. Glenview invests in a…

Read More

2024-09-25

Novo Nordisk CEO testifies at Senate over weight loss drug prices

No Comments
Business

Novo Nordisk‘s top executive faced a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S.  Novo Nordisk CEO Lars Fruergaard Jørgensen did not explicitly promise lawmakers at a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., that he would…

Read More

2024-08-19

Why Walgreens, CVS retail pharmacies are struggling

No Comments
Business

The abundance of Walgreens and CVS Health stores makes them convenient for whenever Shriya Raghavan, a research associate based in Philadelphia, needs to pick up necessities like gum, deodorant and soap.  But she said she often has to wait for employees to unlock cabinets or stand in lengthy lines to pick up prescriptions as pharmacists juggle tasks. Those are…

Read More