CVS News Explorer

Drugmakers including Purdue Pharma paid pharmacy benefit managers not to restrict painkiller prescriptions, a New York Times investigation found.

Markets are gearing up for the Fed's final rate decision of the year, while bitcoin hit a fresh record.

Markets are gearing up for the Fed's final rate decision of the year, while bitcoin hit a fresh record.

CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance and pharmacy businesses. Pharmacy benefit managers negotiate drug costs with pharmacies and drug manufacturers and help build drug coverage lists for health plans, mostly on behalf of employers and the government.

Markets are gearing up for the Fed's final rate decision of the year, while bitcoin hit a fresh record.

UnitedHealthcare CEO Brian Thompson's alleged killer was taken into custody late Monday as police search for a motive and the American public remains enraged.

New legislation would force UnitedHealth Group, CVS Health and Cigna to each sell their pharmacies within three years.

Employers are predicting an increase of as much as 9 percent, on average, but are generally avoiding passing along much of that to their employees, industry groups say.

Workers at seven CVS pharmacies in Southern California are now on strike, demanding better pay, health care and better store security.

The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.

Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.

CVS Health tapped industry veteran David Joyner to become CEO and turnaround the struggling business.

Shares fell 11% in premarket trading, adding to this year's losses, as CVS also forecast quarterly adjusted profit below estimates. Shareholders have become increasingly nervous about repeated profit forecast cuts this year as its drugstores face reimbursement pressures and high costs hit the health insurance industry. Investor Glenview Capital said earlier this month it was working with CVS to help improve operations as the company faces one of the most challenging periods in its six-decade history.

Retail pharmacies will never be obsolete, according to an analyst. But the industry needs to take a hard look at how many stores are needed and what items they should sell.

'Barron's Roundtable' panelists discuss calls of a breakup for CVS prompting a strategic review.

Panic buying ensued in some U.S. stores after dockworkers at ports along the East and Gulf coasts went on a three-day strike that ended on Thursday evening.

CVS Health is slashing its headcount by 2,900, or 1% of its total workforce. The layoffs will largely focus on corporate positions, a spokesperson said.

The case takes aim at the major pharmacy benefit managers, agency officials said, claiming that they favored more expensive insulin products and forced patients to pay more.

NEW YORK (Reuters) -Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris’ favor after the event. Shares of Trump Media & Technology Group, the company that owns Truth Social, fell 13% on Wednesday afternoon, while other so-called Trump trades such as bitcoin and crypto stocks retreated. In a combative debate late Tuesday, Trump and Harris clashed over everything from the economy to immigration, as each sought a campaign-altering moment in what has been a closely-fought race.