CVS

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After Killing of CEO, Other Insurers Take Precautions

Manhunt continues, and experts doubt it was a professional hit man

(Newser) - As the manhunt for a gunman who fatally shot UnitedHealthcare CEO Brian Thompson on Wednesday in Manhattan stretches into a third day, other health insurers are taking their own precautions. The AP reports that Medica, a health care firm also based in Minnesota, like UnitedHealthcare, is shuttering its half-dozen locations...

Mifepristone to Be Available at CVS, Walgreens Stores

Biden calls the change a milestone

(Newser) - The abortion pill mifepristone will become available with a prescription at CVS and Walgreens stores in certain states this month, the companies said Friday. The pharmacy chains, the largest in the nation, have received certification to dispense the medication under FDA guidelines issued last year, the New York Times reports....

CVS Is Planning a Big Change to How It Prices Drugs

Company says new system will be much more transparent

(Newser) - The nation's biggest drugstore chain is planning a massive overhaul of how it prices prescription drugs. CVS Health says it is shifting from the current complex and opaque pricing model to a simpler, more transparent system based on what its pharmacies actually pay for the drugs, plus a set...

CVS Yanks Completely Ineffective Cold Meds

Move comes after FDA found oral phenylephrine to be a useless decongestant

(Newser) - CVS Health is pulling various cough and cold medicines from its shelves after an FDA advisory panel determined the active ingredient doesn't work. Phenylephrine, approved in the 1930s, has long been found in over-the-counter syrups and pills meant to resolve sinus congestion. However, an FDA analysis found the ingredient,...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

Drug Chains Restrict Purchase of Children's Meds

Demand as respiratory illnesses thrive forces CVS, Walgreens to limit amount customers can buy

(Newser) - Parents on the hunt for medication for their sick kids may not be able to immediately find what they need on drugstore shelves, thanks to a spike in various respiratory illnesses and, therefore, higher demand for those meds. CNN reports that the CVS and Walgreens chains have placed limits on...

Another Big Pharma Chain Is About to Fork Over Billions

Walmart agrees to $3.1B settlement with states, tribes regarding opioid crisis

(Newser) - Walmart has joined two other big pharmacy chains in opening its wallet wide to help fix the opioid epidemic that many say they helped cause. The Wall Street Journal reports that Walmart has agreed to fork over $3.1 billion to settle lawsuits from multiple states, municipalities, and Native American...

Pharmacy Chains Ordered to Pay Ohio Counties $650M

They lost a landmark opioids case last year

(Newser) - A federal judge in Cleveland awarded $650 million in damages Wednesday to two Ohio counties that won a landmark lawsuit against national pharmacy chains CVS, Walgreens, and Walmart, claiming the way they distributed opioids to customers caused severe harm to communities and created a public nuisance. US District Judge Dan...

Chain to Verify Prescription Isn't Intended to End Pregnancy

CVS says new state laws are the reason

(Newser) - CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used to end a pregnancy. A spokesman said Thursday that the drugstore chain recently started doing this for methotrexate and misoprostol, two drugs used in medication abortions but also...

Counties Win 'Landmark Victory' Against Pharmacy Chains

Federal jury found chains responsible for role in opioid crisis

(Newser) - CVS, Walgreens, and Walmart pharmacies recklessly distributed massive amounts of pain pills in two Ohio counties, a federal jury said Tuesday in a verdict that could set the tone for US city and county governments that want to hold pharmacies accountable for their roles in the opioid crisis. Lake and...

CVS Is Closing 900 Stores
CVS Is Closing 900 Stores
Nov 19, 2021 4:09 AM CST

CVS Is Closing 900 Stores

Many of the surviving locations will offer more health services, company says

(Newser) - America's biggest pharmacy chain is planning to close stores at the rate of almost one a day over the next three years. CVS announced Thursday that it plans to close around 900 of its approximately 10,000 US locations over the next three years and improve health services at...

Things Are So Bad CVS Bought Its Own Surveillance Van

Retail theft has reached a whole other level

(Newser) - A 17-person crime team equipped with a surveillance van outfitted with 360-degree cameras and a high-tech telescope—not exactly what you might expect from CVS. But as Rebecca Ballhaus and Shalini Ramachandran write for the Wall Street Journal , that's exactly what the retailer has in place to try to...

Trader Joe's Quickly Follows CDC's Lead

Stores won't require masks for vaccinated shoppers, while other chains deliberate

(Newser) - One day after the Centers for Disease Control and Prevention changed its guidance on wearing masks, Trader Joe's changed with it. The specialty grocer said Friday that shoppers who are fully vaccinated won't have to wear masks anymore in its stores, USA Today reports. The chain, which won'...

Pharmacy Chains Responsible for 70% of Wasted Vaccines

CVS and Walgreens reported some struggle with getting shots in arms

(Newser) - Of the 182,874 doses of COVID vaccine wasted in the US as of late March, 128,500 were the responsibility of CVS and Walgreens. A report from Kaiser Health News says almost 50% of the doses reported to the CDC as wasted were supposed to be distributed CVS, and...

Walmart, CVS End 'Out of Step' Practice

Drugstore chains will no longer lock up beauty products for people of color

(Newser) - Companies and brands are now making extra efforts to get rid of discriminatory policies after the killing of George Floyd , and drugstore chains are following in Walmart's footsteps in terms of one merchandise segment. Earlier this week, the retailer announced it would be taking hair and beauty products made...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

In Florida, a High-Tech Way to Get Prescriptions

Drones are delivering them to retirement communities

(Newser) - The coronavirus pandemic has made the idea of going out to the pharmacy a harrowing one, but not all prescriptions can be sent via mail. Enter CVS and UPS, which partnered up back in October to explore drone deliveries—and are now expanding that service, the Verge reports. Starting in...

In 2 States, a 'Giant Leap Forward' in Virus Testing

CVS Health launches 2 new rapid-testing drive-thrus in Georgia, Rhode Island

(Newser) - People who think they might have COVID-19 now have two new locations to go to for confirmation: CVS Health drive-thrus in Georgia and Rhode Island. Per CNBC , the company hopes to handle up to 1,000 tests daily, using Abbott Laboratories' new rapid-testing kits, at the sites in Atlanta and...

CVS Hiring 50K People
CVS Hiring 50K People
Mar 23, 2020 8:27 AM CDT

CVS Hiring 50K People

It's also giving bonuses to employees working during the coronavirus outbreak

(Newser) - Some businesses are reeling amid the coronavirus outbreak. Drugstores are not among them. CVS said Monday it was hiring 50,000 people across the US to try to keep up with demand, reports Reuters . That includes part- and full-time store associates and home delivery drivers, per USA Today . Furloughed workers...

Chains Pull Zantac After FDA Finding

FDA is looking into presence of likely carcinogen

(Newser) - Walgreens and CVS have decided to stop selling Zantac in their stores, two weeks after the FDA said it found low levels of a likely carcinogen in some of the heartburn pills. The drugstore chains said the suspension of sales, which also applies to generics, will be in effect while...

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