Walgreens Boots Alliance Inc
This week’s most overbought shares in the S&P 500 incorporate many tech organizations
Investors are favoring certain stocks more than other folks as the sector weighs the likelihood of an supplemental charge hike by the Federal Reserve later on this calendar year. Wall Avenue is coming off a losing 7 days, with the Nasdaq Composite Index closing 1.9% decreased, the S & P 500 falling 1.3% and the […]
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Kroger will pay up to $1.2 billion to settle most nationwide opioid claims
The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Kroger on Friday said it has agreed to pay $1.2 billion to U.S. states, local governments and Native American tribes to settle the majority of claims that it fueled the opioid epidemic through lax oversight of its pill sales. That settlement […]
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Walgreens CEO Roz Brewer steps down after more than 2 years in the role
Rosalind “Roz” Brewer Jason Redmond | Afp | Getty Images Walgreens Boots Alliance said Friday that Roz Brewer had stepped down as the company’s chief executive. She also left the company’s board, effective Thursday. The decision was mutual, according to a news release. Brewer and Walgreens were in a rough patch leading up to Friday’s […]
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Opioid overdose antidote Narcan will be widely available over the counter next week
The opioid overdose antidote Narcan will be available over the counter in the coming days, a move that’s hoped to increase access to the lifesaving medication amid the country’s worsening opioid epidemic. Emergent BioSolutions, which makes the drug, said Wednesday that shipments were on their way to major retailers, including Walgreens, Walmart, Rite Aid and CVS. It […]
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Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023. George Frey | Reuters Drugmakers aren’t the only ones feeling the impact of the weight loss industry gold rush. Retailers with pharmacy businesses, such […]
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Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
Bed Bath & Beyond and Buy Buy Baby signage is displayed outside of store in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond may never return to its brick-and-mortar heyday, but the doors at former corporate siblings Buy Buy Baby and Harmon are set to reopen, CNBC has learned. […]
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Retailers say organized theft is biting into profits, but internal issues may really be to blame
This is part two of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story here and stay tuned for part three. Plastic bags hang on […]
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GSK sues Pfizer in U.S. court for patent infringement over RSV vaccine
Jun Li | Istock | Getty Images GlaxoSmithKline on Wednesday sued Pfizer in U.S. court, alleging patent infringement over Britain-based GSK’s respiratory syncytial virus vaccine. GSK claims Pfizer’s RSV vaccine, Abrysvo, infringes on four of its patents related to the antigen used in its own shot. related investing news “Upon information and belief, Pfizer knowingly […]
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Walgreens is now offering RSV vaccines for older adults
Respiratory syncytial virus viral vaccine under research. Hailshadow | Istock | Getty Images Walgreens is now offering the respiratory syncytial virus vaccine for older adults nationwide, the pharmacy chain said on Tuesday. People ages 60 and older can schedule an appointment this week through Walgreens’ app, website, by phone or by visiting their local pharmacy. […]
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CVS to slash 5,000 jobs as company deepens costly health care push
A woman walks past a CVS Pharmacy in Washington, DC, on November 2, 2022. Brendan Smialowski | AFP | Getty Images CVS Health is cutting 5,000 jobs to reduce costs as the retail pharmacy giant furthers its push into health care offerings, a person familiar with the matter told CNBC on Tuesday. The pharmacy chain […]
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