CVS Health’s stock tumbles after earnings missed and slashed outlook, as loss of large client weighed on health services business
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Pfizer beats revenue estimates, raises profit outlook on cost cuts and strong non-Covid sales
The results come as Pfizer tries to regain its footing after the rapid decline of its Covid business.
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
CVS posts big earnings miss, cuts profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.
Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
The deal would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company, LTL Management.
Biden administration to cancel $6.1 billion in student debt for borrowers who were scammed by single school
The Department of Education is cancelling $6.1 billion worth of student debt for 317,000 borrowers who were scammed by their school, officials announced Wednesday.