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CVS applauds FDA restricting flavored tobacco products

CVS applauds FDA restricting flavored tobacco products

WOONSOCKET, R.I. — CVS Health, the nation’s first and only national pharmacy chain to have eliminated the sale of tobacco products from its retail stores, today announced its support for the U.S. Food and Drug Administration’s plans to restrict access to flavored tobacco and e-cigarette products in the retail setting and impose stricter age-verification requirements for

Consumers to spend more online this holiday season

Consumers to spend more online this holiday season

NEW YORK — Fifteen percent of consumers plan to spend more money this holiday season versus last year, with one-third of them doing so online. In fact, more consumers, almost one-third (31%), are expected to shop on Cyber Monday in 2018, according to a KPMG 2018 holiday shopping season survey of over 1,000 consumers. A slight

Amazon selects NYC and Northern Virginia for HQ2

Amazon selects NYC and Northern Virginia for HQ2

SEATTLE — Amazon today announced that it has selected New York City and Arlington, Virginia, as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington. The new locations

Walgreens to hire 5,000 veterans over next 5 years

Walgreens to hire 5,000 veterans over next 5 years

DEERFIELD, Ill. — Walgreens and Southern New Hampshire University (SNHU) today announced a new initiative that aims to provide career and educational opportunities for 5,000 U.S. veterans over the next five years. Through the program, Walgreens will seek to hire veterans into store leadership roles with opportunities to advance, and through a collaboration with SNHU,

CVS earnings beat Wall Street projections

CVS earnings beat Wall Street projections

WOONSOCKET, R.I. ­— Strong gains in the pharmacy retail business helped CVS Health beat analysts’ third quarter earnings and revenue expectations. The company also announced on Tuesday that it anticipates the $69 billion Aetna deal to close before Thanksgiving. Net revenues for the three months ended September 30 increased 2.4%, or $1.1 billion, to about

McKesson’s Hammergren to retire, Tyler named CEO

McKesson’s Hammergren to retire, Tyler named CEO

SAN FRANCISCO — McKesson Corp. announced that John Hammergren, chairman and chief executive officer, has decided to retire, effective March 31, 2019. McKesson’s board of directors has unanimously selected Brian Tyler, currently president and chief operating officer, to succeed Hammergren as CEO, effective April 1, 2019. Tyler will also remain as president. Edward Mueller, currently

CVS Pharmacy pilots CarePass program in Boston

CVS Pharmacy pilots CarePass program in Boston

WOONSOCKET, R.I. — CVS Pharmacy announced on Wednesday that customers in the greater Boston area can enroll in CarePass, a new pilot membership rewards program offering additional benefits to the company’s popular ExtraCare Rewards Program. CarePass offers members a suite of in-store and online perks including free delivery on most medications and purchases, access to

Rite Aid announces results of stockholder voting

Rite Aid announces results of stockholder voting

CAMP HILL, Pa. — Rite Aid Corp. announced the preliminary results of stockholder voting that took place during the Company’s 2018 Annual Meeting of Stockholders earlier today. As previously announced, Bruce Bodaken was appointed chairman effective as of the meeting. Bodaken assumes this role from John Standley who will remain chief executive officer and a

CVS says managed care model can save millions

CVS says managed care model can save millions

WOONSOCKET, R.I .— New research from CVS Health shows that state Medicaid programs that use a Managed Care Organization (MCO) and a contracted pharmacy benefit manager (PBM) to administer prescription drug coverage have significantly lower overall drug costs than those states that manage their own formulary. Further, researchers found that when states switched to managing

Walgreens expands medication disposal program

Walgreens expands medication disposal program

DEERFIELD, Ill. — Walgreens today announced it is expanding its effort to combat the opioid epidemic as it encourages Americans to clean out their medicine cabinets in advance of Drug Enforcement Administration sponsored National Prescription Take Back Day on Saturday October 27. To complement its existing safe medication disposal kiosk program, Walgreens has committed to

McKesson relaunches life sciences business

McKesson relaunches life sciences business

THE WOODLANDS, Texas — McKesson Corp. announced that it has relaunched its biopharmaceutical services business under its U.S. Pharmaceutical and Specialty Health business unit as McKesson Life Sciences. The new structure not only reflects its continued dedication to serving the life sciences industry, but also indicates how the business has evolved to meet the industry’s need

Rite Aid rolls out Medicare Advisor tool

Rite Aid rolls out Medicare Advisor tool

CAMP HILL, Pa. — As the annual Medicare Part D election period gets underway, from now through Dec. 7, 2018, Medicare-eligible customers can visit Rite Aid pharmacies nationwide to take advantage of free resources that help them select the right prescription drug plan (PDP) or update existing coverage for 2019. Patients and caregivers can use

Sears files for Chapter 11 bankruptcy

Sears files for Chapter 11 bankruptcy

HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy.  The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced

CVS urges safe dispose of prescription drugs

CVS urges safe dispose of prescription drugs

WOONSOCKET, R.I. — CVS Health  is encouraging consumers to clean out their medicine cabinets and safely dispose of unused prescription medication on National Prescription Drug Take-Back Day, this October 27. CVS Health has installed safe medication disposal units in more than 750 CVS Pharmacy locations nationwide and has donated more than 900 additional units to community

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