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Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO
The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as his former employer Express Scripts.
Walgreens Chief Executive Steps Down
Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator. Source link
Drug Shortages Are a Boon to One Industry: Compounding Pharmacies
Hospitals increasingly rely on a sector that can start making drugs without FDA approval—and investment is pouring in. Source link
CVS Reports Stronger Demand
The healthcare company said a 10.3% increase in its second-quarter sales was driven by growth in its health benefits business. Source link
CVS to Shed 5,000 Jobs in Cost-Cutting Push
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants. Source link
Investors Warm Back Up to Health Insurance Stocks After Selloff
Markets UnitedHealth, CVS shares have rallied in April ahead of earnings Source link
Investors Are Too Spooked by Washington's PBM Crackdown
Efforts to take on Cigna’s and CVS’s pharmacy benefit managers won’t hurt as much as Wall Street expects. Source link
Americans to Be Barred From Buying Ozempic in British Columbia
Provincial health officials urged doctors and pharmacists to make sure people are taking the drug to treat diabetes, not lose weight. Source link
