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…
People pass by the Pfizer headquarters building in New York City, Jan. 29, 2023. Kena Betancur | View Press | Corbis News | Getty Images Activist investor Starboard Value has a roughly $1 billion stake in pharmaceutical giant Pfizer and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter. The activist’s…
Former FTX executive Ryan Salame outside of U.S. District Court in Manhattan, Sept. 12, 2024 MacKenzie Sigalos | CNBC A furious federal judge on Thursday threatened to slap unspecified sanctions on former FTX executive Ryan Salame for lying to him last year when he pleaded guilty to campaign finance and money transmitting crimes. Salame at a hearing Thursday in U.S….
