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☆ Walgreens has a cult ‘peelable’ candy, courtesy of a Tik Tok craze
▼ + stars: | 2024-04-27 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

For the beleaguered drugstore chain, the odd “Gummy Mango” candy is a much-needed win. Walgreens said it didn’t work with any paid influencer to hype up its mango gummies but that it took off organically. Walgreens is quickly following up on the success of its mango gummy with a new peelable banana gummy candy. As Esarte and his team rushed to restock the mango gummies last last year, a bigger challenge emerged. After weeks of scrambling and rushing, Walgreens is better prepared to make a bigger splash with the mango gummies.

Persons: It’s, Keonhee Kim, TikToker @Trinhdoesthings, ”, Marty Esarte, Esarte, we’ve, ” Esarte, Anthony Behar, Gen Z, China grinds, “ We’ve, Kim, Tim Wentworth, Tim, ” Kim Organizations: New, New York CNN, Walgreens, CNN, National Confectioners Association, Food Institute, Millennial, Morningstar Locations: New York, Asia, China

☆ Walgreens tops quarterly revenue estimates, but narrows profit outlook in 'challenging' economy
▼ + stars: | 2024-03-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Walgreens on Thursday reported fiscal second-quarter sales that beat Wall Street's expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a "challenging" retail environment in the U.S. Analysts surveyed by LSEG expect full-year adjusted earnings of $3.24 per share. Walgreens has not provided that guidance since October, when it said it sees $141 billion to $145 billion in sales. aExcluding certain items, including the $5.8 billion non-cash charge related VillageMD, adjusted earnings per share were $1.20 for the quarter.

Persons: Manmohan Mahajan, Tim Wentworth, Mahajan, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, Inc, U.S, LSEG Locations: Manhattan , New York City, U.S

☆ Walgreens CEO says 'human interface' will help the chain beat Amazon
▼ + stars: | 2024-03-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Walgreens CEO Tim Wentworth told CNBC's Jim Cramer his retail pharmacy chain can rival Amazon because of its human-to-human interactions with customers. Wentworth said he loves Amazon, and the online retail giant has set the bar and driven innovation in the industry. But he emphasized that its consumer presence is really what makes the company competitive against Amazon. Over the past few years, Walgreens' business has been hurt by decreasing demand for Covid products, low pharmacy reimbursement rates, competition from online retailers and discontent from pharmacy staff. He also said Walgreens is decreasing pharmacists' "low-value work," such as pill counting, by using micro-fulfillment centers.

Persons: Tim Wentworth, CNBC's Jim Cramer, Wentworth Organizations: Walgreens, Consumers, Amazon Locations: U.S

☆ Walgreens Boots CEO: We will beat Amazon because of our 'human interface' for customers
▼ + stars: | 2024-03-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalgreens Boots CEO: We will beat Amazon because of our 'human interface' for customersWalgreens Boots Alliance CEO Tim Wentworth sits down with 'Mad Money' host Jim Cramer to discuss the company's plan to innovate, competition from Amazon and the retail shrink problem.

Persons: Tim Wentworth, Jim Cramer Organizations: Walgreens, Amazon

☆ Walgreens' biggest healthcare bet is floundering as it shutters 160 primary-care clinics
▼ + stars: | 2024-03-28 | by ( ) www.businessinsider.com time to read: +4 min

It's exiting 160 VillageMD primary-care clinics, up from the previously planned 60. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Walgreens' healthcare business reported an operating loss of $1.7 billion in 2023, and VillageMD makes up the bulk of that business. The move to close so many clinics has some analysts questioning whether Walgreens plans to ditch its healthcare bets altogether. A Walgreens spokesperson said VillageMD has exited or plans to exit Florida, Indiana, Chicago, Massachusetts, Rhode Island, and Nevada.

Persons: VillageMD, —, Tim Wentworth, Roz Brewer, Mary Langowski, John Driscoll, they've, Jack Slevin, Jefferies, Allen Lutz, Slevin, Cigna Organizations: Walgreens, Service, Express, Health, Summit Health, WBA, BofA Securities, Shields Health Solutions, Healthcare Locations: VillageMD, Chicago, Florida , Indiana, Chicago , Massachusetts, Rhode Island, Nevada

☆ Jim Cramer's week ahead: new consumer data and earnings from Walgreens
▼ + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's most important happenings on Wall Street, saying to watch out for earnings from Walgreens as well as new data about consumer spending. The company could prove to be a significant windfall for Trump, Cramer said, who is facing hefty legal bills. Tuesday brings earnings from GameStop , and Cramer said he's expecting poor results. Cintas and Carnival report on Wednesday, and Cramer said he's optimistic about the former, but called the latter "a wild card." Cramer said he would like to hear Wentworth explain how he plans to return Walgreens to growth.

Persons: CNBC's Jim Cramer, Cramer, Donald Trump —, he's, McCormick, — Hormel, Mills —, Kimberly, Clark, Tim Wentworth, Wentworth Organizations: Walgreens, Trump Media, Corp, Trump, GameStop, Walgreens Boots Alliance, Federal Reserve

☆ Walgreens is closing all VillageMD primary-care clinics in Florida as the pharmacy giant slashes costs
▼ + stars: | 2024-02-21 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +5 min

Read previewWalgreens-backed primary care company VillageMD is closing all its medical clinics in Florida, one of its largest markets. VillageMD confirmed the closures in an email to Business Insider on Wednesday. The closures are part of Walgreens' strategy to slash spending by $1 billion or more as the pharmacy giant's healthcare business struggles with losses. All of the VillageMD clinics in Florida are attached to Walgreens stores, according to Jefferies' January report. At the time of the acquisition, Walgreens had planned to open 1,000 VillageMD clinics located adjacent to its pharmacies by 2027.

Persons: —, VillageMD, Jefferies, Tim Wentworth, Brian Tanquilut, Jack Slevin, Tanquilut, Wentworth, Roz Brewer, John Driscoll, Mary Langowski, Driscoll Organizations: Service, Business, Walgreens, Jefferies, CVS Health, Summit, Solera, Shields Health Solutions, Pearl Health Locations: Florida, Texas, Arizona, VillageMD, Houston, Atlanta, Phoenix, Shields

☆ 4 stock ideas I brought back from the JPMorgan Healthcare Conference and everything else I learned about the industry
▼ + stars: | 2024-01-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

We will go over them – but first, let me talk about what I learned at last week's JPMorgan Health Care Conference that I attended in San Francisco, and what it means to your portfolio. We know health care has a lot of angles too it. The previous CEO Roz Brewer was from Starbucks and struggled with the role that Walgreens plays in health care. You have to be following the transformation of Bristol-Myers, which is opening its wallet to buy a host of drug companies, including anti-psychotic firm Karuna. Health care is the way to go.

Persons: Regeneron, Pfizer, Eli Lilly, Dave Ricks, Lilly, donanemab, Lilly's, Zepbound, it's, Abbott, It's, Roche, Merck, Myers, ABT, Robert Ford, Tim Wentworth, He's, Roz Brewer, Wentworth, he'll, Brewer wasn't, Bob Bradway, Amgen, Vas Narasimhan, Sandoz, Karuna, Medtronic, Hugo, Morgan Stanley, Wells, Covid, Cramer's, Jim Cramer, Jim, Las Vegas Brendan Smialowski Organizations: Abbott Labs, Covid, Novartis, Amgen, Walgreens Boots Alliance, JPMorgan Health Care Conference, Humana, Drug Administration, Novo Nordisk, Dickinson Co, Bristol, Myers Squibb, Pfizer, Department, WBA, Walgreens, Starbucks, -, pharma, Merck, Keytruda, Horizon Therapeutics, Federal Trade Commission, Myers, BD, CVS Health, JPMorgan, Cramer's Charitable, CNBC, Consumer, AFP, Getty Locations: San Francisco, GLP, North Carolina, Europe, Cencora, Amgen, West, Bristol, Target, Las Vegas

☆ Walgreens is following Mark Cuban's blueprint as it embarks on a big strategy shift for prescription drugs
▼ + stars: | 2024-01-05 | by ( ) www.businessinsider.com time to read: +5 min

Pharmacies are changing how they get paid, and Walgreens wants a piece of the action. It's a departure from the traditional, complicated way drugs are paid for, and proponents say it could make drug pricing more transparent and predictable. It's not a given patients will pay less for drugs at the pharmacy counter under this kind of model. These companies are taking cues from Mark Cuban's Cost Plus Drugs, which is starting to gain traction in the market. The big question is whether Walgreens can compete with CVS and other pharmacies in delivering those extra pharmacy and healthcare services.

Persons: Tim Wentworth, Mark, Wentworth, Borja, Hojas, they're, Caremark, Brian Tanquilut, Tanquilut, CVS, Cigna, Mark Cuban's, It's, Rosalind Brewer Organizations: Walgreens, Business, CVS Health, Getty, CVS, Jefferies, Health Locations: California

☆ Walgreens stock plunges after drugstore chain slashes quarterly dividend nearly in half
▼ + stars: | 2024-01-04 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Walgreens' dividend yield is now 3.9%, based on Wednesday's closing price. That's down significantly from its prior yield of more than 7%, which made the company the highest-paying dividend stock in the Dow Jones Industrial Average . Walgreens booked sales of $36.71 billion in the quarter, a roughly 10% jump from the same period a year ago. Walgreens is making significant investments to transform from a major drugstore chain to a large health-care company. Despite the quarterly beats, Walgreens reiterated its fiscal 2024 adjusted earnings guidance of $3.20 to $3.50 per share.

Persons: Tim Wentworth, Wentworth, Walgreens, Mario Tama Organizations: Walgreens, Dow Jones, CNBC, LSEG, Pharmacy, Getty Locations: U.S, Los Angeles , California

☆ Here's why it's time to buy 'dividend aristocrats,' says Wolfe Research
▼ + stars: | 2023-11-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Next year could be the year for certain dividend stocks, according to Wolfe Research. The S & P 500 Dividend Aristocrats Index is composed of companies that have increased dividends for at least 25 consecutive years. Here are some of the names in the S & P 500 Dividend Aristocrats Index. For investors who prefer funds, they can also get exposure through the ProShares S & P 500 Dividend Aristocrats exchange-traded fund. NOBL YTD mountain ProShares S & P 500 Dividend Aristocrats ETF — CNBC's Michael Bloom contributed reporting.

Persons: Chris Senyek, Senyek, Wolfe, Roz Brewer, Tim Wentworth, Wentworth, Medtronic, Michael Bloom Organizations: Wolfe Research, Federal, Materials, Walgreens, Shields Health, —

☆ Former world number one Scott desperate to end win drought in Queensland
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Scott won the first of his two Australian PGA Championship trophies 10 years ago in his prime and the second in 2019. Less than two months after winning the 2019 event, he broke a four-year victory drought on the U.S. PGA Tour by claiming the Genesis Invitational. "If I were to win this week or next week (at the Australian Open) it could be a springboard." The rival circuits, along with the European DP World Tour, announced plans in June to merge and end the sport's bitter divide. "There’s four or five other interested parties in investing in the PGA Tour like PIF," he added, referring to Saudi Arabia's Public Investment Fund.

Persons: Adam Scott, Paul Childs, Scott, ”, Cameron Smith, I’ve, Smith, LIV Golf, Ian Ransom, Shri Navaratnam Organizations: BMW, Wentworth, Rights MELBOURNE, Australian, Butterfield, Royal, British, U.S, PGA, Justice Department, Saudi Arabia's Public Investment Fund, Thomson Locations: Wentworth , Virginia Water, Britain, California, Bermuda, Royal Queensland, Saudi, U.S, Melbourne

☆ Walgreens is cancelling corporate bonuses as big pharmacies face increasing difficulties
▼ + stars: | 2023-11-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Walgreens on Tuesday sent out a notice to staff announcing that annual bonuses would not be funded. Tuesday was the second day of a planned three-day series of scattered walkouts by Walgreens pharmacy staff. A Walgreens representative clarified to CNN that only managers were eligible for bonuses at pharmacies. “We are building on the company’s pharmacy strength and trusted brand to evolve healthcare delivery. Stefano Pessina, the former Walgreens CEO and current executive chair of the board, worth nearly $7 billion, made more than $8 million in compensation last year, according to Walgreens compensation filings with the Securities and Exchange Commission.

Persons: Manmohan Mahajan, ”, Fraser Engerman, Tim Wentworth, Neal Sample, Rosalind Brewer, Vincent Alban Vincent Alban, Reddit, Stefano Pessina, Shane Jerominski Organizations: New, New York CNN, Walgreens, Employees, CNN, Walgreens Boots Alliance, ”, Rite, CVS, REUTERS, Reuters, Securities and Exchange Commission, Labor, Reuters Labor, Workers, American Pharmacists Association Locations: New York, Deerfield , Illinois, U.S, Southern California, Deerfield, Il, Arizona , Washington , Massachusetts, Oregon

☆ The Fed is losing control
▼ + stars: | 2023-10-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Financial markets currently see a nearly 99% chance the Fed will continue to pause rate increases in November, according to the CME FedWatch Tool. That means the Fed may not need to continue aggressively raising rates to bring spending — and inflation — down. A spokesperson from the United Food and Commercial Workers International Union told CNN that they support the organizers planning a walkout and protests. In a statement to CNN, Walgreens said about 20 stores out of about 9,000 had “disruptions over three days,” Oct. 9-11. Walgreens walkout organizers told CNN that their tally is much higher, with about 600 employees participating.

Persons: New York CNN —, Jerome Powell, Joe Brusuelas, That’s, Powell, ”, ” Johns, Laurence Ball, Shane Jerominski, Tim Wentworth, ” Kim Kardashian, Skims, Kim Kardashian, undershirts Organizations: CNN Business, Bell, New York CNN, Federal, Fed, Economic, of New, RSM, Financial, Treasury, Reserve, ” Johns Hopkins, “, Walgreens, Workers, CNN, United Food, Commercial Workers International Union, SEIU, United Healthcare Workers West, Organizers Locations: New York, of New York, Friday’s

A spokesperson from the United Food and Commercial Workers International Union told CNN that they support the organizers planning a walkout and protests. “We support all health care workers who are organizing and taking a stance to improve staffing.”A Walgreens pharmacy store in Austin, TX. In a statement to CNN, Walgreens said about 20 stores out of about 9,000 had “disruptions over three days,” Oct. 9-11. Walgreens walkout organizers told CNN that their tally is much higher, with about 600 employees participating. The following three Walgreens employees told CNN their reasons for walking out.

Persons: Shane Jerominski, Renée Saldaña, Mohammad Khursheed, Tim Wentworth, Wentworth, ” Fraser Engerman, Engerman, “, ” ‘ We’ve, ”, “ We’ve Organizations: New, New York CNN, Walgreens, Workers, CNN, United Food, Commercial Workers International Union, SEIU, United Healthcare Workers, West Health, Reuters Organizers, “ Locations: New York, West, Austin , TX, Friday’s, Oregon, Wisconsin, Oklahoma

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Meta, Utz, Roku, Walgreens, Spotify & more
▼ + stars: | 2023-10-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein upgrading Spirit AeroSystems to outperform from market perform Bernstein said it's bullish on the company's turnaround opportunity. Evercore ISI adds a tactical outperform on Roku Evercore said it sees an attractive entry point for the stock. Evercore ISI reiterates Meta as outperform Evercore said Meta estimates seems reasonable heading into earnings later this week. JPMorgan upgrades Walgreens to overweight from neutral JPMorgan said Walgreens shares are in a "new era." Stephens upgrades Utz to overweight from equal weight Stephens said it sees an attractive entry point for Utz shares.

Persons: TD Cowen, Bernstein, it's bullish, Pat Shanahan, Evercore, hasn't, Piper Sandler downgrades Salesforce, Piper, Wells, Stifel, William Blair, Tim Wentworth, Moffett, Stephens, Morgan Stanley, Apple, Max Organizations: Spotify, Citi, Diamondback Energy, Diamondback, HSBC, Marriott, Bank of America, Alcoa, 2024E, Edison, UBS, Waste Management, Republic Services, Amazon, JPMorgan, Walgreens, WBA, Apple Locations: OKTA, PCG, OW, Wells Fargo

☆ Incoming Walgreens CEO doesn't mention walkouts as he praises pharmacy staff
▼ + stars: | 2023-10-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Incoming Walgreens CEO Tim Wentworth on Thursday briefly praised the company's pharmacy staff, but made no mention of the three-day protest walkouts they held this week over poor working conditions. The walkouts reflect rising dissatisfaction among pharmacy employees, who have complained for years about having to grapple with understaffing and burdensome work expectations imposed by corporate management. The experiences he's had with employees made his decision to join Walgreens "frankly, an easy one," Wentworth added. A Walgreens spokesperson touted the company's pharmacy teams in the statement, noting that they work "tirelessly to serve our communities." Walgreens is engaged and listening to the concerns of pharmacists and pharmacy technicians, the spokesperson said.

Persons: Tim Wentworth, Wentworth, he's, reimbursements Organizations: Walgreens Locations: Rochester , New York, Rochester

☆ Walgreens profit outlook comes up short as demand declines for Covid vaccines and tests
▼ + stars: | 2023-10-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Walgreens on Thursday offered soft profit guidance and reported fiscal fourth-quarter earnings that fell short of expectations, as demand for Covid vaccines and tests sinks in the U.S. The company said it expects adjusted earnings per share of $3.20 to $3.50 in the coming fiscal year, which is lower than analysts' estimate of $3.72. Walgreens expects lower Covid-related sales, along with a higher tax rate and lower sale and leaseback contributions, to offset earnings growth. Excluding certain items, adjusted earnings per share were 67 cents for the quarter. Shares of Walgreens have dropped more than 39% for the year, putting the company's market value at $19.51 billion.

Persons: –, intently, Tim Wentworth, Roz Brewer, Wentworth Organizations: Walgreens, U.S, Wall Street, LSEG Locations: Los Angeles , California, U.S

☆ Walgreens forecasts weak annual profit as COVID sales shrink
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. Walgreens' lower forecast comes at a time when the company tackles multiple challenges, like persistently weak prescription drug demand, reported walkouts by its pharmacy staff and a shift in focus towards integrated health services. It has also contended with weak sales of its consumer health products due to persistently high inflation. Walgreens announced a planned cost reduction of at least $1 billion and lowered capital expenditure by about $600 million. Excluding items, the company reported earnings of $0.67 per share for the quarter, compared to average analysts' estimate of $0.69 per share, according to LSEG data.

Persons: Andrew Kelly, Tim Wentworth, Khushi Mandowara, Leroy Leo, Pooja Desai Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. U.S. producer prices increased more than expected in September amid higher costs for energy products, but underlying inflation pressures at the factory gate continued to moderate. Yield on the benchmark 10-year notes fell to a roughly two-week low as prices rose on safe-haven flows due to fighting in the Middle East that has persisted for a fifth straight day. Advancing issues outnumbered decliners for a 1.51-to-1 ratio on the NYSE, while declining issues outnumbered advancers for a 1.10-to-1 ratio on the Nasdaq. The S&P index recorded 11 new 52-week highs and seven new lows, while the Nasdaq recorded 38 new highs and 124 new lows.

Persons: Brendan McDermid, Fed's Bowman, Raphael Olszyna, J Safra, Michelle Bowman, Christopher Waller, Birkenstock, Tim Wentworth, Drugmaker Eli Lilly, LLY.N, Novo, decliners, advancers, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Fed's Bowman Exxon, Nasdaq, Treasury, Federal, Apple, Microsoft, Nvidia, Fed, Energy, Exxon Mobil, Natural Resources, Dow Jones, Walgreens Boots Alliance, Novo Nordisk's, Baxter International, NYSE, Thomson Locations: New York City, U.S, Middle East, Israel, Gaza, Bengaluru

☆ US pharmacy chain Walgreens names Tim Wentworth as CEO
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 10 (Reuters) - U.S. pharmacy chain operator Walgreens Boots Alliance (WBA.O) on Tuesday said it has appointed Tim Wentworth as its new chief executive and he will assume the role on Oct. 23. Last month, Rosalind Brewer had abruptly stepped down as CEO of the company after less than three years at the top job. Wentworth, who was CEO of Cigna's (CI.N) Evernorth unit till he retired in 2021, will also join the WBA Board of Directors. Walgreens has been looking to expand beyond its core business, with acquisitions of healthcare services operator VillageMD and urgent-care provider Summit Health.

Persons: Andrew Kelly, Tim Wentworth, Rosalind Brewer, Wentworth, Urvi, Rashmi Organizations: Walgreens, Walgreens Boots Alliance, Inc, REUTERS, WBA, Rite Aid, CVS Health, Summit Health, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ Jim Cramer praises Walgreens new CEO pick, says buy the stock 'perhaps aggressively'
▼ + stars: | 2023-10-11 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday praised the incoming CEO of Walgreens Boots Alliance , saying industry veteran Tim Wentworth is the right choice to lead the struggling pharmacy chain in its transition to offering more health-care services. I just salute him and think he can take you to a higher price, and the stock should be bought — perhaps aggressively," Cramer said on "Squawk on the Street." If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. The company said it was seeking a new CEO who had "deep" experience in the health-care industry. "I like Wentworth, and there is now hope for a stock that I held no hope for," Cramer said.

Persons: CNBC's Jim Cramer, Tim Wentworth, Cramer, Wentworth, Jim Cramer's, Roz Brewer Organizations: Walgreens Boots Alliance, Express, Cigna, Walgreens, Dow Jones, CNBC

☆ Walgreens names veteran health-care executive Tim Wentworth as next CEO
▼ + stars: | 2023-10-11 | by ( Bertha Coombs | ) www.cnbc.com time to read: +1 min

Walgreens Boots Alliance has chosen veteran health care executive Tim Wentworth as the company's new chief executive. Wentworth is the former CEO of the nation's largest pharmacy benefits management company, Express Scripts, which was acquired by Cigna in 2018. He stayed on and served as chief of Cigna's health services, before retiring at the of 2021. Under Brewer's tenure, Walgreens took a major stake in primary care provider VillageMD, acquired specialty pharmacy provider Shields Health, as well as homecare provider CareCentrix. Trying to integrate and scale the businesses has pressured Walgreens' earnings.

Persons: Tim Wentworth, Wentworth, it's, Roz Brewer Organizations: Walgreens, Walgreens Boots Alliance, Express, Cigna, CNBC, Shields Health Locations: Hollywood , California, CareCentrix

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. ET is expected to show the producer price index for final demand increased 0.3% last month after a 0.7% rise in August, ahead of Thursday's closely watched consumer inflation data. Yields on government bonds have eased from their multi-year highs on dovish remarks from Fed officials earlier this week. Central bank officials such as Fed Governor Christopher Waller, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are also scheduled to speak on Wednesday. Exxon Mobil (XOM.N) lost 1.7% as the oil and gas producer is set to buy shale producer Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion.

Persons: Brendan McDermid, Fed's Bowman, Michelle Bowman, Christopher Waller, Raphael Bostic, Susan Collins, Mark Haefele, Birkenstock, Tim Wentworth, Piper Sandler, Drugmaker Eli Lilly, LLY.N, Novo, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Fed's Bowman Exxon, Futures, Dow, Nasdaq, Treasury, Federal, Labor Department, Atlanta Fed, Boston Fed, UBS Global Wealth Management, Traders, Microsoft, Nvidia, Palestinian, Hamas, Dow e, Walgreens Boots Alliance, Arista Networks, Exxon Mobil, Natural Resources, Novo Nordisk's, Baxter International, Thomson Locations: New York City, U.S, Gaza, Thursday's, Middle East, Israel, Bengaluru

☆ Stocks making the biggest moves midday: Novo Nordisk, DaVita, Exxon Mobil, Amgen and more
▼ + stars: | 2023-10-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Novo Nordisk — The Danish drugmaker stock added 5.5% after saying late Tuesday it was halting Ozempic's kidney disease treatment trial after a committee said an analysis showed signs of success. DaVita , Fresenius Medical Care , Baxter International — Shares of dialysis services providers DaVita and Fresenius Medical Care sank 18.4% and 19.6%, respectively, on Novo Nordisk's news. Exxon Mobil , Pioneer Natural Resources — Exxon Mobil shares fell more than 4% after the largest U.S. oil and gas producer agreed to buy shale rival Pioneer Natural Resources for $59.5 billion in an all-stock deal, or $253 per share. Amgen — The biopharma stock added 3.5% following an upgrade from Leerink to outperform. On Wednesday, B. Riley upgraded shares to buy from neutral, saying Coherent's silicon carbide business could be worth more than the Street's current estimate.

Persons: Eli Lilly, Bruce Broussard, Jim Rechtin, Amgen, David Risinger, Goldman Sachs, Jeffrey Brown, Tim Wentworth, Riley, Raymond James, — CNBC's Michael Bloom, Hakyung Kim, Yun Li, Lisa Han Organizations: Novo Nordisk, Novo Nordisk —, Baxter, Fresenius, Novo Nordisk's, Baxter International, Exxon Mobil, Natural Resources, Exxon, Exxon's, Mobil, Healthcare, Goldman, Walgreens, Alliance Locations: Danish, Novo

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