CVS News

Walmart, CVS and Rite Aid Yank Recalled J&J Baby Powder Off Shelves

Three major U.S. retailers, including Walmart, are removing all 22-ounce bottles of Johnson & Johnson’s baby powder from their stores, following the healthcare conglomerate’s recall last week of some bottles due to possible asbestos contamination. CVS Health Corp. said on …

How Pharmacies Are Resisting Amazon’s Attempt to Corner Their Business

Getting into the pharmacy business was easy for Amazon.com: It paid $753 million to buy the mail-order startup PillPack. The hard part has been prying patients away from their local drugstore. Since being acquired by the internet giant, PillPack has …

Lawyers Expect Wave of Litigation Targeting Popular Heart Drugs

Dozens of lawsuits have been filed against drug makers and sellers over widely prescribed generic heart medications tainted with potential carcinogens, the first claims in what some lawyers expect to be a wave of litigation. Millions of Americans have taken …

Tribe Continues Suit Against Drug Distributors; Refiles in State Court

The Cherokee Nation has refiled a lawsuit against opioid distributors in state court after a federal judge ruled that tribe’s court system had no jurisdiction over the companies. Lawyers filed the suit in Sequoyah County, which is part of the …

CVS to Pay $67.5B for Aetna to Create Giant Health Firm with ‘10,000 New Front Doors’

CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, creating a healthcare giant that will have a hand in everything from insurance to the corner drugstore. CVS will pay $207 a share for Aetna, with $145 a share …

CVS, Aetna Could Close $70B Merger Deal as Soon as December

U.S. pharmacy operator CVS Health Corp. and health insurer Aetna Inc. are working toward finalizing merger terms and announcing a deal for more than $70 billion as early as December, according to people familiar with the matter. The deal would …

Companies Seek Dismissal of Oklahoma Tribe’s Prescription-Drug Suit

Walmart and other major corporations are asking a federal court to dismiss a lawsuit filed against them by the Cherokee Nation, which argues that the companies have not done enough to stop prescription opioid abuse. The Oklahoma-based tribe filed the …