Stocks CVS Health Corp


  • Wall Street to close best month in 4 years Friday, 30 Oct 2015 | 7:32 AM ET

    On today's final trading day of October, stocks are on track for their best month in four years and a fifth straight winning week.

  • *Brent crude held firm at around $49 per barrel, despite worries about a supply glut. *Also scheduled is the University of Michigan's final index on consumer sentiment, which is expected to rise to 92.5 in October from 92.1 in September. *Strong results from blue-chips have helped improve analyst sentiment, with profits at S&P 500 companies now expected to fall 1.7...

  • Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain by store count, reported better-than-expected quarterly net revenue, helped by strong demand for its pharmacy benefit management services and its acquisition of Omnicare Inc.. CVS's results come in the same week that larger rival Walgreens Boots Alliance Inc said it would buy Rite Aid Corp for...

  • CVS Health quarterly revenue increases 10 pct Friday, 30 Oct 2015 | 6:56 AM ET

    Oct 30- CVS Health Corp, the second-largest U.S. drugstore chain, reported a 10.3 percent rise in quarterly net revenue, helped by strong demand for its pharmacy benefit management services. Net income attributable to the company rose to $1.25 billion, or $1.11 per share, in the third quarter ended Sept. 30, from $948 million, or 81 cents per share, a year earlier.

  • Oct 30- Valeant Pharmaceuticals International is to sever all ties with pharmacy business Philidor Rx Services, it said on Friday, in the wake of criticism over the relationship between the two closely associated companies. Valeant and Philidor, which has helped to drive sales for the Canadian drugmaker, have come under fire after influential short-seller...

  • Valeant said it is terminating all ties with Philidor due to allegations relating to the specialty pharmacy distributor's business practices.

  • McKesson sources and distributes drugs for Rite Aid Corp, the drugstore chain that agreed this week to be bought by Walgreens Boots Alliance. That deal calls into question its long-standing contract with Rite Aid, because Walgreens sources its drugs from a rival distributor, AmerisourceBergen Corp. Neither drugstore chain has commented on its plans for...

  • *Allergan up after confirming buyout talks with Pfizer. *NXP Semiconductors slides after bleak forecast. Stocks had jumped on Wednesday following the Fed statement and, after a strong run from the end of September, were due for a "reprieve," said Jason Ware, chief investment officer at Albion Financial, in Salt Lake City.

  • Oct 29- Shares of Valeant Pharmaceuticals Inc. fell further on Thursday after CVS Health Corp and Express Scripts dropped Philidor Rx from their networks in a sign the fall-out from the drugmaker's connection with the specialty pharmacy is spreading. Valeant's New York traded shares fell 4.7 percent to $111.50 at the close. Express Scripts, later on Thursday,...

  • Valeant shares plunge as benefit managers shy away Thursday, 29 Oct 2015 | 5:10 PM ET

    Shares of Valeant plunged as some benefits managers began cutting off business with a pharmacy associated with Valeant.

  • CVS Health drops Philidor, adds to Valeant's woes Thursday, 29 Oct 2015 | 4:08 PM ET

    Oct 29- Drugstore chain CVS Health Corp said it had dropped Philidor Rx, a specialty pharmacy associated with Valeant Pharmaceuticals Inc, from its Caremark program. Valeant's shares tumbled last week after influential short-seller Citron Research said the company was using specialty pharmacies to inflate revenue. CVS took the step following an audit of...

  • *Walgreens, Rite Aid have overlap in northeastern U.S.- analysts. Walgreens ranks first and Rite Aid third by number of stores, either side of CVS Health Corp.. Several analysts and antitrust lawyers said the deal would probably pass regulatory muster provided some stores were divested, especially in the northeastern United States, where Walgreens and Rite Aid...

  • *Walgreens, Rite Aid have 25 pct overlap in northeastern U.S.- analysts. Walgreens' offer to buy Rite Aid for $9.4 billion, excluding debt, could face intense regulatory scrutiny as the deal seeks to unite two of the three top drugstore chains in the United States. Walgreens is the No. 1 U.S. chain by number of stores, followed by CVS Health Corp. Rite Aid ranks third.

  • Walgreens to buy Rite Aid for $9 a share Tuesday, 27 Oct 2015 | 6:12 PM ET
    A delivery to a Walgreens location in New York City.

    Walgreens' acquisition of Rite Aid would combine two of the largest U.S. drugstore chains.

  • Walgreens deal for Rite Aid deal likely to succeed Tuesday, 27 Oct 2015 | 5:09 PM ET
    A delivery to a Walgreens location in New York City.

    This is all about cost savings, driven by Affordable Care Act.

  • Rite Aid shares soar 40% on Walgreens deal reports Tuesday, 27 Oct 2015 | 4:20 PM ET
    Pedestrians walk past a Rite Aid store in Oakland, Calif.

    The deal, which could be announced Wednesday, would combine the second-and-third largest U.S. drugstore chains, according to reports.

  • Fed could be a snooze, but these reports will be big Friday, 23 Oct 2015 | 4:52 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Expectations are low that the Fed will provide any new policy insight next week, and focus should stay on economic reports and a flood of earnings.

  • You got the flu shot. But will it work this year? Monday, 19 Oct 2015 | 10:13 AM ET
    A woman receives a free flu shot from a Walgreens employee during a free flu shot clinic in Oakland, California.

    The market for influenza vaccines globally is estimated to be about $4 billion, and growing.

  • Pharmacy & Retail Stocks Top Trades to go Wednesday, 7 Oct 2015 | 2:15 PM ET

    The "Halftime Report" traders give their top trades of the show.

  • Express Scripts to cover pricy new cholesterol drugs Wednesday, 7 Oct 2015 | 6:46 AM ET
    Cholesterol in blood stream.

    The nation's biggest pharmacy benefits manager has decided to cover two new drugs that lower artery-clogging cholesterol.