CVS Cuts 2900 Jobs Amid Hedge Fund Pressure

CVS Health is reportedly meeting with a top investor on ways to enhance its business.The pharmacy/healthcare chain was set to meet Monday (Sept. 30) with hedge fund Glenview Capital Management, the Wall Street Journal (WSJ) reported, citing sources with knowledge of the matter.According to the WSJ, the meeting comes as investors seem to be growing restless with CVS, whose shares have fallen 24% this year. A source told the newspaper that Glenview’s founder, Larry Robbins, has a major position in CVS, which ...