Food and Staples Retailing Drug Retail

  • Mail-order drug company PillPack prepackages consumers' pills for daily or hourly use.

    The vast majority of Amazon Prime members who have health insurance told Deutsche Bank that they would be willing to purchase prescription drugs on the online retailer's website.

  • Most of the generic drug world is good companies, we're worried about those creating shortages, says Intermountain Healthcare CEO

    Dr. Marc Harrison, Intermountain Healthcare president and CEO, joins the 'Power Lunch' crew to discuss the Civica project, a team of seven firms making up about 500 hospitals partnering to form a non-profit generic drugmaker.

  • Sept 6- U.S. drugstore chain Walgreens Boots Alliance Inc said on Thursday emergency allergy shots from Kaleo will be available in its stores, the latest effort to address shortages of the lifesaving treatment during the back-to-school season. There has been an acute shortage of Mylan's EpiPen, which dominates the allergy market, with the health regulator...

  • FDA approves Teva's generic EpiPen

    CNBC's Meg Tirrell reports on U.S. regulators clearing the first generic competitor to Mylan's EpiPen, after a yearslong delay that many said contributed to the emergency allergy drug's rapid rise in price.

  • The Aetna deal is likely to reshape healthcare in the United States as brings together one of the nation's largest pharmacy benefits managers and pharmacy operators with one of its oldest health insurers, whose national business ranges from employer healthcare to government plans. Net loss attributable to CVS was $2.56 billion, or $2.52 per share, in the...

  • A pedestrian passes a CVS store in New York.

    CVS Health topped Wall Street's second-quarter earnings and revenue estimates. 

  • Drugmaker AstraZeneca has agreed to pay $110 million to settle two lawsuits brought by the state of Texas claiming that it fraudulently marketed the antipsychotic drug Seroquel and Crestor for high cholesterol.

  • SAO PAULO, July 31- Brazil's benchmark Bovespa equities index tumbled 1.3 percent on Tuesday as poor quarterly results in the financial services and retail sectors and a federal police price-fixing probe hit shares, while the Mexican peso slipped after a long rally. Among firms that reported disappointing second-quarter results on Monday evening were...

  • SAO PAULO, July 31- Brazil's benchmark Bovespa equities index tumbled over 1.5 percent on Tuesday, as poor quarterly results in the financial services and retail sectors and a federal police price-fixing probe hit shares of companies including Ultrapar and Cosan. Among the firms that reported disappointing second quarter results on Monday evening were...

  • Drug industry expert responds to Trump's attack on drug prices

    Fred Hassan of Caret group joins the 'Power Lunch' team to discuss Trump's attack on drug prices and the impact of global drug prices on the U.S.

  • July 25- Canadian grocery and pharmacy chain Loblaw Cos Ltd on Wednesday reported an 86 percent drop in quarterly profit due to charges related to its acquisition of Canadian Real Estate Investment Trust and the sale of its gas pump operations. The company's net income fell to C $50 million, or 13 Canadian cents per share, in the second quarter ended June 30, from C...

  • Prescription drugs

    Are you getting the best price for your prescriptions? Your health plan’s copay is not always the best deal.  

  •  A customer shops for items in a Walgreens in Niles, Illinois. 

    Analysts found CVS' products were 20 percent more expensive than Amazon's at the median, while Walgreen's were 22 percent higher than Amazon's.

  • Although PillPack expects sales to exceed only about $100 million this year, Amazon's huge customer base and existing shipping infrastructure could allow the company to scale up quickly. But it will face deeply entrenched competition dominated by pharmacies run by CVS Health, Walgreen Boots Alliance and Walmart Inc, and pharmacy benefits provided by CVS,...

  • June 28- The debut of Walgreens Boots Alliance into the Dow Jones Industrial Average Index this week marks the worst performance of any new entrant in the past 10 years, a Reuters analysis shows. The announcement that Amazon.com Inc would acquire. online pharmacy PillPack sank shares in Walgreens and other drug retailers on Thursday.

  • Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance Inc.

    Investors don't seem to have much confidence in Walgreens Boots Alliance, and the drugstore chain hasn’t said much to ease their concerns.

  • June 28- Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Bloomberg reported it to be $1 billion, citing a person it said was familiar with the matter. Pharmacy chains and drug...

  • June 28- Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Bloomberg reported it to be $1 billion, citing a person it said was familiar with the matter. The announcement cost drug store and...

  • *To buy back $10 bln shares. Walgreens' shares fell as much as 11 percent, overshadowing the company's better-than-expected quarterly results and a $10 billion buyback, amid a broad selloff among drug retailers and wholesalers after Amazon said it would buy online pharmacy PillPack. "You see, the pharmacy world is much more complex than just delivering certain...

  • *Chinese shares, yuan at new lows, Europe dips. NEW YORK, June 28- U.S.-driven trade confrontations hurt world stock markets and U.S. and German debt yields on Thursday, while Wall Street felt the additional brunt of a slump in health sector shares. Wall Street opened lower amid Amazon's announcement that it would buy online pharmacy PillPack, moving the e-commerce...