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The Latest Breaking News from CVS

Walmart offers $3bn to settle lawsuits over role in opioid crisis

Tentative agreement would bring settlement total from lawsuits against various companies to more than $50bn.

Al Jazeera

Walmart agrees to pay $3.1B in opioid settlements after CVS and Walgreens’ $5B proposals

NEW YORK — Walmart agreed to pay $3.1 billion to resolve lawsuits accusing the pharmacy of selling drugs that contributed to the opioid epidemic, but denied the allegations and didn’t admit liability.

Tribune News Service

Biden's Student Loan Forgiveness Plan Is Unconstitutional, Says Federal Judge

Plus: Users surge on decentralized social media platform Mastodon, the fall of city drugstores, and more...

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

1 Safe Stock You Can Buy and Hold Forever

Healthcare service provider CVS Health plans to venture into primary care after its Signify Health (SGFY) acquisition. Along with fundamental strength, the steady income stream offered by the company through dividends makes this stock a strong buy-and-hold-forever candidate. Read on….

StockNews.com

4 Health Care Stocks That Could Keep Your Portfolio From Needing a Check-Up

The healthcare industry tends to withstand macroeconomic pressure better than other industries due to the almost inelastic demand for medical products and services. With a recession expected next year, investors could look to capitalize on the defensive characteristics and long-term prospects of the industry by investing in quality medical stocks…

StockNews.com

Defense Department health plan cuts its pharmacy network by nearly 15,000 outlets

Doris Spatz takes a once-a-day pill, Kisqali, to keep her metastatic breast cancer in check. As a patient in the Defense Department health system, she can fill routine prescriptions at a military pharmacy without a copay but also has the option of using a regular pharmacy through Tricare, the Defense…

Tribune News Service

Walgreens’ VillageMD buys another urgent and primary care chain for $9 billion

Walgreens and rival CVS have evolved in recent years far beyond their historic focus on store sales and filling prescriptions.

Chicago Sun-Times

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Texas could get $276 million from opioid settlement with CVS Pharmacy

Attorney General Ken Paxton’s office announced that the state is signing on to the $5 billion proposed settlement but hasn’t yet disclosed how its share of the money would be spent if the deal is finalized.

The Texas Tribune

US pharmacies announce opioid settlements totaling $10 billion

The two largest US pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle on Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart, a third pharmacy behemoth, is in discussions for a deal.

France 24

CVS Health Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on CVS Health (NYSE:CVS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Delphi murders suspect Richard Allen involved in ‘domestic incident’ two years before killings

Libby, 14, and Abby, 13, were murdered in 2017 after setting off on a hike along the Monon High Bridge Trail in their hometown of Delphi

The Independent UK

US pharmacy companies reach $10bn settlement over opioid claims

The deals mean CVS and Walgreens will pay more than $10bn for their roles in the US opioid crisis.

Al Jazeera

Powell Leaves Door Open For Moderating Hike: Dow Jones Rally Fizzles on 75 Bps Hike;

Dow Jones fell after Powell's rate hike by 75 bps; markets are uncertain about future moderation: the Fed policy statement left it open

Investors Business Daily

CVS, Walgreens announce opioid settlements totaling $10 billion

CVS and Walgreens have agreed in principle to pay a total of about $10 billion to settle lawsuits over the toll of powerful prescription opioids.

Chicago Sun-Times

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StockNews.com

1 Stock to Buy in Q4 if You Haven't Already

Health service provider CVS Health (CVS) is aiming for an $8 billion acquisition of Signify Health (SGFY). The company’s strength is reflected in its latest quarterly financials. Hence, the stock might be a solid buy in the fourth quarter. Let's find out….

WEKU

CVS and Walgreens announce opioid settlements totaling $10 billion

It could amount to the last round of huge settlements after years of litigation over the industry's role in an overdose crisis linked to more than 500,000 deaths in the U.S. over the past two decades.

Benzinga

Downsizing At Twitter After Musk Takeover, Big Pharma Chains To Pay $14B In Opioid Claims, Tesla Shutters 1st Showroom In China: Top Stories Wednesday, Nov. 02

Reuters

Axios

CVS, Walgreens reach $5 billion deals to settle opioid lawsuits

They are the two largest drugstore chains in the U.S.

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news in one place.

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The Independent UK

CVS Health agrees to $5B settlement of opioid lawsuits

CVS Health says it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids

The Independent UK

Delphi murders: What we know about suspect Richard Allen as affidavit reveals he was on police radar in 2017

Richard Allen is a married 50-year-old man who works in the local CVS store in the heart of Delphi – where Libby German and Abby Williams lived with their families

The Independent UK

What we know about the Delphi murders of Libby German and Abby Williams

Teenagers Libby German and Abby Williams were murdered back in February 2017. More than six years on, Richard Allen is facing murder charges, reports Rachel Sharp

Tribune News Service

CVS, Walmart, Walgreens reach tentative $12 billion opioid pact

CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay more than $12 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to people familiar with the matter.

The Independent UK

What’s next in the Delphi murders case after Richard Allen arrest?

Among the few concrete details shared during a press conference Monday, authorities confirmed that a trial date was scheduled for 20 March.

The Independent UK

What we know about the Delphi murders of Libby German and Abby Williams

Teenagers Libby German and Abby Williams were murdered back in February 2017. More than five years on, Richard Allen is facing murder charges, reports Rachel Sharp

WEKU

Indiana drugstore worker held in 2017 killings of teen girls

Authorities on Monday announced an arrest in the unsolved murders of two teenage girls — a drugstore worker who has been living in the same small Indiana community where their bodies were found.

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