A third of U.S. pharmacies have closed since 2010. Among them, both independent and chain pharmacies struggling to make money in the industry.

The bill, sponsored by U.S. Senators Elizabeth Warren, a Democrat, and Josh Hawley, a Republican, will force companies owning health insurers or pharmacy benefit managers to divest their businesses ...

Today, the stock moved below the $52.50 level, posting its lowest close since 2020. With a bearish trend in CVS’ 50- and 200-day moving averages, the stock is likely to maintain its bearish momentum ...

Phathom Pharmaceuticals, Inc.'s vonoprazan received multiple approvals, but the stock price showed erratic behavior. Learn more on PHAT stock here.

Key Takeaways The S&P 500 gained 0.8% on Wednesday, Dec. 11, 2024, as data showed inflation remaining sticky but matching forecasts, bolstering rate-cut expectations.Broadcom shares surged following ...

1. Sen. Elizabeth Warren, D-Mass., Sen. Josh Hawley, R-Mo., Rep. Diana Harshbarger, R-Tenn., and Rep. Jake Auchincloss, D-Mass., introduced the bill, which would prohibit the joint ownership of PBMs ...

Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these ...

Pharmacy benefit manager shares dropped sharply Wednesday as lawmakers introduced bipartisan legislation requiring health ...

The bipartisan bills would remove the middlemen who influence prices for prescriptions, making healthcare companies divest ...

The PBM Act would make companies like CVS and UnitedHealth that own health insurers or PBMs sell pharmacy assets. It would help independent pharmacies, but may not help patients, according to one ...

CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of pharmacy benefit ...

New legislation would force UnitedHealth Group, CVS Health and Cigna to each sell their pharmacies within three years.