Tuesday, December 24

Tag: CVS

Retailers shuttered 4,600 stores this year. Here are the stores that disappeared.
30Dec By adminNo Comments
Money

Retailers shuttered 4,600 stores this year. Here are the stores that disappeared.

This year was a rough one for some major retailers, as illustrated by an 80% surge in store closures in 2023 from the year before, according to Coresight Research. The reasons for this year's more than 4,600 store closures are varied, ranging from the bankruptcy of a major retail chain to some operators closing underperforming locations. In some cases, retailers blamed rising theft for their rationale in closing some locations.Against the backdrop of the closures are several trends weighing on some brick-and-mortar businesses. For one, Americans continue to shift to online shopping. And secondly, inflation-wary shoppers are cutting back on some types of purchases, such as electronics and jewelry. But it's not all doom and gloom in the retail sector, giv...
Read More
Treasury Yields Fall to Lowest Levels Since Summer
6Dec By adminNo Comments
Money

Treasury Yields Fall to Lowest Levels Since Summer

Updated Dec. 5, 2023 5:38 pm ETThe bond rally resumed Tuesday, driving yields on benchmark 10-year U.S. notes to their lowest level since summer and lifting technology shares on an otherwise downbeat day for stocks. The technology-heavy Nasdaq Composite added 0.3%. In the S&P 500, technology and consumer-discretionary shares failed to offset declines in utilities, energy, materials and real-estate stocks, and the broad index shed less than 0.1%. The Dow Jones Industrial Average fell 0.2%, or about 80 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Cigna, Humana in Talks for Blockbuster Insurance Merger in Stock-and-Cash Deal
30Nov By adminNo Comments
World

Cigna, Humana in Talks for Blockbuster Insurance Merger in Stock-and-Cash Deal

Updated Nov. 29, 2023 4:28 pm ETCigna and Humana are in talks for a combination that would create a new powerhouse in the health-insurance industry. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, assuming the talks don’t fall apart, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Cigna, Humana in Talks for Blockbuster Merger
29Nov By adminNo Comments
Money

Cigna, Humana in Talks for Blockbuster Merger

Updated Nov. 29, 2023 12:24 pm ETCigna and Humana are in talks for a combination that would create a new powerhouse in the health-insurance industry. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, assuming the talks don’t fall apart, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Senators Call for Investigation of Health Insurers’ Role in Driving Up Drug Costs
24Nov By adminNo Comments
World

Senators Call for Investigation of Health Insurers’ Role in Driving Up Drug Costs

A pair of U.S. senators called on the federal government to investigate health insurers that are paying high prices for generic drugs for serious diseases like cancer and multiple sclerosis.Sen. Elizabeth Warren (D., Mass.) and Sen. Mike Braun (R., Ind.) sent a letter on Wednesday to the U.S. Department of Health and Human Services’ Office of Inspector General requesting an investigation into the high drug prices and any role played by health insurers’ shared ownership with the pharmacies that often fill the prescriptions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Fed Pause Helps Treasury Yields Retreat and Stocks Climb
1Nov By adminNo Comments
Money

Fed Pause Helps Treasury Yields Retreat and Stocks Climb

Many investors on Wednesday looked to the Federal Reserve for hints about whether this autumn’s unusual ascent in Treasury yields would help finish America’s inflation fight. The central bank’s message: maybe. In the tug of war between low-risk government debt and higher-risk equities, that was enough of a signal to push stocks higher Wednesday. The Dow Jones Industrial Average rose 0.7%, or 222 points, while the tech-heavy Nasdaq Composite added 1.6%. The S&P 500 increased 1.1%, led by the information-technology and communication services sectors. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
These Are the Two Scientists Taking Down Cold Medicine
20Oct By adminNo Comments
World

These Are the Two Scientists Taking Down Cold Medicine

By Nidhi Subbaraman | Photography by Malcolm Jackson for The Wall Street Journal Oct. 20, 2023 12:23 pm ETWhen Leslie Hendeles walked into his neighborhood drugstore this week and learned that a common cold medicine was being pulled off the shelves, he was stunned. The news affirmed a decadeslong quest to steer consumers away from a drug that he long-believed didn’t work.  Hendeles, a retired professor, with his friend, fellow pharmacist and University of Florida professor Randy Hatton, have spent nearly 20 years following the science of phenylephrine, an ingredient in more than 200 over-the-counter decongestants. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
CVS is pulling some of the most popular cold medicines from store shelves. Here’s why.
19Oct By adminNo Comments
Money

CVS is pulling some of the most popular cold medicines from store shelves. Here’s why.

FDA panel: Common decongestant doesn't work FDA panel says decongestant in many cold medicines doesn't work 03:46 Pharmacy chain CVS Health said it is pulling some of its most popular cold and cough medications from store shelves, weeks after advisors to the Food and Drug Administration deemed a common ingredient ineffective.CVS told CBS MoneyWatch that it will no longer sell products that only contain phenylephrine as an active ingredient a...
Read More