CVS Wipes Off Earlier Losses After Reports It May Exit Some Businesses, Cut Jobs
$CVS Health (CVS.US)$ shares gained 0.1%, reversing earlier losses after Reuters reported that the company is exiting its core infusion services and may either close or sell regional pharmacies in the next months.
The company stopped accepting new patients seeking antibotics, medications for muscular health and intravenous services, Reuters reported, citing Shelly Bandit, CVS senior manager of corporate communications.
The company stopped accepting new patients seeking antibotics, medications for muscular health and intravenous services, Reuters reported, citing Shelly Bandit, CVS senior manager of corporate communications.
Some roles may be eliminated and workers who will be affected by the job cuts will be notified in mid-November, the report quoted Bandit as saying.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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Yani3167 : interesting
stderr : Omnicare?