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Robert Langreth

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CVS HEALTH reported a profit of $1.53 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS raises forecast as drug services, retail segments show gains

NEW YORK – CVS Health Corp. raised its 2019 profit forecast after the reporting strong results across its pharmacy services, health insurance and drugstore...
CVS HEALTH reported a loss of $596 million in 2018. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS posts loss in 2018, predicts dire year as 2015 deal...

NEW YORK – CVS Health Corp. shares dropped in early trading Wednesday after the health care company said its results would be dragged down...
WALGREENS HAS UNVEILED a cost-cutting plan to save $1 billion a year within three years. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT

Walgreens to cut costs sharply as drugstore faces challenges

NEW YORK - Walgreens Boots Alliance Inc. shares declined Thursday after mediocre quarterly results and a new cost-cutting plan that raised concerns about how the...
WALGREENS BOOTS Alliance is rolling out a nationwide next-day prescription-delivery service to fend off competition from Amazon.com Inc. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT

With Amazon.com looming, Walgreens starts next-day drug delivery

NEW YORK - Walgreens Boots Alliance Inc. is rolling out a nationwide next-day prescription-delivery service to fend off competition from Amazon.com Inc. and numerous venture...
ANTITRUST REGULATORS approved the CVS Health's planned acquisition of Aetna Wednesday. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS-Aetna deal is given go-ahead by U.S. antitrust regulators

NEW YORK - CVS Health Corp. and Aetna Inc. can go ahead with their about $68 billion deal, the Justice Department said, clearing the...
THE U.S DEPARTMENT of of Justice is reportedly on track to soon approve CVS Health’s takeover of insurer Aetna, as well as the acquisition of pharmacy-benefit manager Express Scripts Holding by health insurer Cigna. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

Major health-industry deals are said to move closer to approval

NEW YORK - Two major health care deals that stand to reshape the insurance and pharmacy industries are moving toward winning antitrust approval, according...

Rite Aid drops after failed merger narrows options for drugstore

NEW YORK - Rite Aid Corp. shares sank after the drugstore operator’s proposed merger with Albertsons Cos. was called off, leaving the company with...

CVS-Aetna deal said to dodge antitrust hurdle that AT&T faced

NEW YORK - CVS Health Corp. has dodged one hurdle in its bid to buy insurer Aetna Inc., as antitrust enforcers don’t see competitive...

CVS, Aetna shares jump on report about deal’s antitrust status

NEW YORK - Shares of CVS Health Corp. and Aetna Inc. spiked Thursday after a report by Reorg Research that United States antitrust enforcers might...
AMAZON.COM has agreed to purchase Boston-based PillPack, allowing the online retail giant to enter the pharmacy business directly. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

Amazon makes big foray into health care with PillPack purchase and...

NEW YORK – Amazon.com Inc. has agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will...
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