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Food and Staples Retailing Drug Retail

  • File photo of a Walgreens pharmacy in Niles, Illinois.

    Walgreens Boots Alliance's profit fell 22 percent in the fourth quarter, hurt by a more than $300 million fee it paid Rite Aid after their failed attempt to merge.

  • Oct 25- U.S. drugstore company Walgreens Boots Alliance Inc's profit fell 22 percent in the fourth quarter, hurt mainly by a more than $300 million fee it paid Rite Aid Corp after their failed attempt to merge. Net income attributable to Walgreens fell to $802 million or 76 cents per share in the quarter ended Aug. 31, from $1.03 billion, or 95 cents per share, a year...

  • Oct 24- Express Scripts Holding Co on Tuesday said its Chief Financial Officer Eric Slusser has resigned and named James Havel as his successor, effective Oct 25. The company said net profit attributable to Express Scripts rose to $841.7 million, or $1.46 per share, in the third-quarter ended Sept. 30, from $722.9 million, or $1.15 per share, a year earlier.

  • If you're shopping for drug coverage during open enrollment, make sure to compare the specific costs of each plan.

  • Anthem said it would save $4 billion annually in the new contract with drug retailer CVS Health Corp, which will handle prescription fulfillment and claims processing starting in 2020 for five years for the new company, called IngenioRX. Anthem shares rose 3.1 percent, or $5.93, to $193 in Wednesday afternoon trading, while CVS shares were up 2.3 percent at...

  • Anthem, which sued the pharmacy benefit manager last year over claims of being overcharged by $3 billion annually, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription...

  • Anthem, which has said Express Scripts overcharged it by $3 billion annually through unfavorable prices, said it would use drug retailer CVS Health Corp to handle prescription fulfillment and claims processing for five years for the new company, called IngenioRX. Leerink analyst Ana Gupte estimated that No.2 health insurer Anthem's prescription business...

  • Oct 18- Health insurer Anthem Inc said on Wednesday it signed a five-year agreement with drug retailer CVS Health Corp to support its newly launched pharmacy benefit management business. The news comes at a time when Anthem is close to expiration of its current contract with pharmacy benefit manager Express Scripts Holding Co.. Shares of CVS Health were up 1.6...

  • Oct 18- Drug retailer CVS Health Corp said on Wednesday it entered into an agreement with Anthem Inc to provide services to the health insurer's newly launched pharmacy benefit management business, IngenioRx.

  • Oct 11- Canada's Metro Inc said on Wednesday it would sell a major portion of its stake in Alimentation Couche Tard Inc to fund its C $4.5 billion acquisition of pharmacy chain Jean Coutu Group. Metro operates more than 600 food stores across Canada and the Jean Coutu deal will help the company add drugstores in Quebec, New Brunswick and Ontario.

  • Amazon considering entry into drug retail space

    It's a market "crying for transparency," says Ana Gupte, senior analyst at Leerink Partners, talking about the possibility of Amazon entering the drug retail business and what it could mean for consumers.

  • Executive Edge: Amazon considers selling prescription drugs online

    The "Squawk Box" news team discusses some of the morning's most provocative headlines.

  • *Nasdaq sets 6th record high close. NEW YORK, Oct 6- The S&P 500 eased on Friday, ending a six-day run of record highs as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares fell on Amazon competition fears. The Labor Department's closely watched jobs report showed nonfarm payrolls fell by 33,000 in September as...

  • Oct 6- Shares of drug retailers Walgreens Boots Alliance Inc, CVS Health Corp and Rite Aid Corp tumbled on Friday after reports that Amazon.com Inc was looking to make a move into selling drugs online. Amazon is reported to be in discussions with mid-market pharmacy benefit managers and has been hiring talent to assess the drug retailing market for its entry,...

  • NEW YORK, Oct 6- U.S. stocks eased on Friday after their recent record streak of gains as the first monthly decline in U.S. nonfarm jobs in seven years dampened sentiment and pharmacy shares declined. The Labor Department's closely-watched employment report showed nonfarm payrolls fell by 33,000 in September as Hurricanes Harvey and Irma left displaced...

  • Oct 6- Amazon.com Inc is in the final stages of deciding a strategy to get into the prescription drug market, CNBC reported on Friday, citing an email from the company and a source familiar with the matter. Amazon will decide before Thanksgiving whether to move into selling prescription drugs online, CNBC reported. Shares of drug retailers including Walgreens...

  • Biotech stocks are doing something they haven't done in two years

    CNBC's Meg Tirrell talks about the health care IPO market heating up.

  • Cigna cuts coverage for OxyContin

    CNBC's Meg Tirrell reports that insurer Cigna will not cover OxyContin prescriptions in 2018.

  • TORONTO, Oct 2- Metro Inc, Canada's third-biggest food retailer, on Monday agreed to buy pharmacy chain Jean Coutu Group for C $4.5 billion for cash and stock, paying what analysts said was a "steep" premium to protect against risks facing the retail sector. The deal will allow Metro and Jean Coutu to increase product offerings and outlets and navigate some of those...

  • TORONTO, Oct 2- Canada's main stock index rose on Monday as broad gains led by its heavyweight financial components offset the weight of energy stocks' retreat with lower oil prices. Jean Coutu Group gained 1.8 percent to C $24.74 after grocery company Metro Inc said it would buy the pharmacy chain for C $24.50 a share. At 10:07 a.m. ET, the Toronto Stock Exchange's...