CVS Health confirmed interest in so-called “prescription files” of Rite Aid customers from the ... More bankrupt chain’s stores in the Pacific Northwestern U.S. The bid by CVS comes after Rite Aid earlier this month said it is “pursuing a strategic and value-maximizing sale process for substantially all of its assets,” the company said on May 5, 2025. “To facilitate this process, the company and its subsidiaries commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of New ...

Walgreens Boots Alliance (WBA) closed the most recent trading day at $11.18, moving +0.45% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a gain of 0.65%, and the technology-centric Nasdaq decreased by 0.18%.The the stock of largest U.S. drugstore chain has risen by 3.06% in the past month, lagging the Retail-Wholesale sector's gain of 9.47% and the S&P 500's gain of 9%.The upcoming earnings release of Walgreens Boots Alliance w ...

If you like what you have just read and want to receive at least 4 exclusive stock tips every week focused on Pharma, Biotech and Healthcare, then join me at my marketplace channel, Haggerston BioHealth . Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. I hope to see you there.CVS Health Corporation (NYSE: CVS ) announced its Q1 2025 earnings earlier today, and the market's response appears to be very positive - shares are up >7% at the time of w ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - CVS Health reported first-quarter earnings and revenue that exceeded estimates, while also raising its full-year adjusted earnings guidance due to improvements in its insurance business [1][3] Financial Performance - The company posted net income of $1.78 billion, or $1.41 per share, for the first quarter, compared to $1.12 billion, or 88 cents per share, in the same period last year [7] - Adjusted earnings were $2.25 per share, surpassing the expected $1.70 per share [10] - Revenue for the first quarter was $94.59 billion, a 7% increase from the previous year, and also above the expected $93.64 billion [10] Insurance Business Insights - The medical benefit ratio for CVS' insurance unit decreased to 87.3% from 90.4% a year earlier, indicating improved profitability [4] - The improvement in the insurance business is attributed to stronger performance in the Medicare segment and better Medicare Advantage star ratings for the 2025 payment year [5] Legal and Regulatory Challenges - CVS revised its GAAP diluted EPS guidance lower due to charges related to a legal case involving its pharmacy services provider, Omnicare, which was found liable for dispensing drugs without valid prescriptions [2] Market Conditions - The company maintained a cautious outlook for the remainder of the year due to ongoing higher medical costs and potential macroeconomic headwinds [3] - Sales in the retail pharmacy segment fell short of Wall Street expectations, impacted by softer consumer spending and lower reimbursements for prescription drugs [8] Management and Strategic Initiatives - The company is undergoing a management reshuffle as part of a broader turnaround plan, which includes $2 billion in cost cuts over the next several years [9]

Highlights Palantir uses digital twins to unify fragmented data sources from retail operations at Wendy’s and Walgreens, giving the companies with real-time visibility and AI-driven decision making. Wendy’s slashed its manual workload using Palantir’s AI platform, which resolved a syrup shortage across 6,450 restaurants in just five minutes instead of a full day. Walgreens reduced the time used for tasks by 30% through intelligent workload routing using a digital twin, scaling from a 10-store pilot t ...