Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Free delivery. A membership fee. It's not Amazon Prime, though it sounds like it.
CVS is piloting a program in Boston that includes free delivery on most prescriptions and online purchases, access to a pharmacist helpline, a 20 percent discount on all CVS-branded products and a monthly $10 coupon. Called CarePass, a membership costs $48 annually or $5 monthly, less than half the price of a Prime membership.
Though still just a pilot in one city at this point, CarePass is a bold attempt to fight Amazon — and may even put the retailer ahead. CarePass bundles prescription drug delivery with everyday items — something Amazon doesn't yet do.
"We think it's a one-of-a-kind in the marketplace, but the reason for doing it is the direct response of the interest that our customers have shown us in the program," CVS Pharmacy President Kevin Hourican told CNBC.
Online shopping has already hurt drugstores' revenue as fewer consumers come in to buy everyday items. Amazon acquired online pharmacy start-up PillPack this year, a move seen as a major threat to pharmacies because it immediately gives the e-commerce giant a way into the prescription drug business.
Pharmacy chains have started shuffling their businesses. CVS and Walgreens are pulling some products and dedicating more space to health services. CVS is acquiring health insurer Aetna for $69 billion, a deal it expects to close this quarter.
Yet sales in the front of the store, excluding retail pharmacy, still represent about $20 billion of CVS' total $184.77 billion in revenue. And the company says its retail business helps introduce customers to CVS and encourages them to stay within the company's ecosystem once they start filling prescriptions.
Right now, CVS knows customers are shopping elsewhere for the products it sells, Hourican said. It wants to change that. With the membership program, the hope is people will shop at CVS instead of other retailers, shop more often and shop in more parts of the store than they currently are.
The pilot program is live in more than 350 stores in the Boston area. There, CVS will tinker with the program to see what resonates with customers. A future iteration could include a MinuteClinic offering, among other possibilities.
"We want this to expand nationwide," Hourican said. "But we also want to make sure we are ready and prepared and that when we do roll it out nationwide, the program is one that customers can have a great experience with."