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☆ Stocks making the biggest moves premarket: Ford, Target, Walgreens, Domino's Pizza, First Solar and more
▼ + stars: | 2023-10-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Target — The retailer rose 2.8% after Bank of America upgraded Target to buy from neutral. ResMed — The medtech device stock slipped 2% after a downgrade by RBC Capital Markets to sector perform from outperform. Plug Power — The battery stock added 1.2% after JPMorgan added the company to its positive catalyst watchlist, and highlighted potential near-term upside. First Solar — Stock in the solar panel maker added nearly 4% following an upgrade to overweight from Barclays, with analyst Christine Cho highlighting an attractive valuation. Domino's Pizza — Shares of the pizza delivery company slipped more than 3% on mixed third-quarter results.

Persons: ResMed, Christine Cho, Warby Parker, Janine Stichter, Jesse Pound, Michelle Fox, Pia Singh, Yun Li Organizations: Ford —, United Auto Workers, Target, Bank of America, Walgreens, Delta Air Lines, Delta, RBC Capital Markets, RBC, JPMorgan, Barclays, BTIG, BMO Capital Markets Locations: Kentucky, U.S

☆ 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

☆ Morning Bid: Fed's data-driven approach set for inflation test
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 29, 2023. The Bureau of Labor Statistics' consumer prices report is expected to show inflation pressures were abating in September, if only marginally. Headline CPI is seen rising 0.3% on the month, down from 0.6% in August, which would take the annual rate to 3.6%. Core inflation, which strips out volatile energy and food prices, is expected to have also risen 0.3% in September. The threat of higher energy prices following the outbreak of a war between Israel and Palestinian militants is all too real, even if the immediate market reaction has been relatively muted.

Persons: Brendan McDermid, Samuel Indyk, Klaas, Mark Potter Organizations: New York Stock Exchange, REUTERS, Federal, Wednesday, Labor Statistics, CPI, U.S, Chevron, European Central, Walgreens Boots Alliance, Delta Air Lines, Thomson, Reuters Locations: New York City, U.S, Israel, Europe

☆ 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

☆ Covid exits corporate earnings with a bump
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Revenue at the pizza delivery company was down about 4% from the same period last year, as restaurants in the U.S. sold less. Walgreens, meanwhile, lost $180 million in the quarter, while citing significantly lower revenue from Covid tests and vaccines. Meanwhile, Delta delivered record revenue for the quarter, with 30% earnings growth year-on-year, and is quickly repaying debt it took on during the chaos of 2020. While there’s no room for complacency about future shocks, third-quarter earnings might provide a bookend to a strange, turbulent time.

Persons: Brendan McDermid, Delta, Robert Cyran, John Foley, Sharon Lam, Aditya Sriwatsav Organizations: New York Stock Exchange, REUTERS, Reuters, Walgreens Boots Alliance, Delta Air Lines, Revenue, Walgreens, Air, X, Ericsson, Qantas, Thomson Locations: New York City, U.S, Domino’s

☆ Three-Stock Lunch: Walgreens, Target & Carvana
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Walgreens, Target & CarvanaDavid Wagner, portfolio manager at Aptus Capital Advisors, joins 'Power Lunch' to discuss three stocks: Walgreens, Target & Carvana.

Persons: David Wagner Organizations: Walgreens, Target, Aptus Capital Advisors

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

☆ Walgreens Boots Alliance names Tim Wentworth new CEO
▼ + stars: | 2023-10-11 | by ( Rob Mclean | ) edition.cnn.com time to read: +1 min

New York CNN —Walgreens Boots Alliance said Tuesday that it has named Tim Wentworth its new CEO. Wentworth will begin the position on October 23, according to a news release, and will also join the WBA board of directors. We are confident he is the right person to lead WBA’s next phase of growth into a customer-centric healthcare company.”In September, former WBA CEO Rosalind Brewer stepped down less than three years after taking the helm of the pharmacy chain. Brewer also immediately stepped down as a member of the company’s board. Walgreens’ board named Ginger Graham, a member of the board, as interim CEO.

Persons: Tim Wentworth, Wentworth, “, ” Wentworth, Evernorth, Stefano Pessina, Wentworth “, Rosalind Brewer, Brewer, Ginger Graham Organizations: New, New York CNN, Walgreens Boots Alliance, WBA, Board, Express, Human, ”, Fortune, Walgreens Locations: New York

☆ 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

☆ 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

☆ Stock futures inch higher as Wall Street awaits key inflation data: Live updates
▼ + stars: | 2023-10-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City. U.S. stock futures ticked up Wednesday night as investors looked toward new consumer inflation data for greater insight on the economy. Futures tied to the Dow Jones Industrial Average added 38 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures inched up about 0.2% each. "[August's] CPI print was a bit stronger than we anticipated, though the downward trend in core inflation persisted.

Persons: Dow Jones, Andrew Patterson, Raphael Bostic, Susan Collins Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, Dow, Investors, Federal Reserve, Vanguard, Traders, Atlanta Fed, Boston Fed, Delta Air Lines, Walgreens Boots Alliance Locations: New York City . U.S, Israel

☆ 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

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

☆ Pharmacy Giant Walgreens Names Tim Wentworth as New CEO
▼ + stars: | 2023-10-10 | by ( Anna Wilde Mathews | Emily Glazer | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/health/pharmacy-giant-walgreens-names-new-ceo-22b665d8

Persons: Dow Jones, 22b665d8 Organizations: walgreens

☆ Here are 20 stocks I'm watching Tuesday, including Lilly, AMD and Goldman Sachs
▼ + stars: | 2023-10-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Here are some of the tickers on my radar for Tuesday, Oct. 10, taken directly from my reporter's notebook:If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. Harley-DavidsonRivian AutomotiveRealty IncomeMizuho lowers WalgreensJMP and Barclays lower RobinhoodBlockUnity Software CEO John Riccitiello out. James Whitehurst, former Red Hat chief in at UnityCiti takes Corning

Persons: Jim Cramer's, Davidson, John Riccitiello, James Whitehurst, Corning Organizations: Realty, Walgreens, Barclays, Unity Software, Red Hat, Unity Citi

☆ Why Walgreens pharmacy workers are walking off the job
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Retail pharmacists and technicians around the country say they’re overworked, underpaid and fed up. Pharmacy staff at Walgreens locations across the country called out of work on Monday to protest harsh working conditions, leaving some stores closed or critically understaffed. Organizers told CNN that hundreds of workers participated in the organized action, which is expected to last through Wednesday. The walkouts come just two weeks after dozens of pharmacy employees at CVS, America’s largest retail pharmacy chain, walked off the job in Kansas City. Walgreens on Monday said it understands “the immense pressures felt across the US in retail pharmacy right now,” according to Fraser Engerman, senior director of external relations at Walgreens.

Persons: ”, Michael Hogue, Shane Jerominski, Amy Thibault, Fraser Engerman, “ There’s, Dr, Peter Bonis, “ I’m, Hogue, Amanda Applegate, don’t, “, Jerry Seinfeld, that’s, CVS walkouts, “ I’ve, they’ve, we’ve Organizations: New, New York CNN, Walgreens, CNN, CVS, Employees, American Pharmacists Association, Community Pharmacists Association, Pharmacists, Walmart, Amazon, Kluwer’s, Wolters Kluwer Health, Pharmacy, Kansas Pharmacists Association, American, National Alliance of State Pharmacy Locations: New York, Kansas City, United States, “, Kansas

NEW YORK (AP) — Some Walgreens pharmacy staff walked off the job this week over concerns that working conditions are putting employees and patients at risk. Organizers on Tuesday estimated that more than 300 Walgreens locations — out of nearly 9,000 nationwide — were affected by walkouts planned for Monday through Wednesday. A Walgreens pharmacy manager who helped organize the walkouts told The Associated Press that teams were short-staffed and overworked, especially with the additional demands from the COVID-19 pandemic. Political Cartoons View All 1206 ImagesThe organizer said if Walgreens does not address concerns from pharmacy staff, more walkouts could happen at the end of the month. Walgreens spokesman Fraser Engerman said the company is listening to the employees' concerns.

Persons: walkouts, “, It’s, ”, “ It’s, Fraser Engerman, ” Engerman Organizations: Walgreens, Associated Press, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Kansas City

☆ Why America’s strike wave is barely registering on Wall Street
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. Streaming and entertainment companies (Disney, Amazon, Apple, Netflix, Comcast, Paramount and CNN parent company, Warner Bros. Discovery) saw 2.5% growth in new investors on Public during the writers strike, which began in May and ended in early October. Nothing to sweat for buy-and-hold investors: Even investors who buy index funds and are concerned about the effects of the strike probably can take a deep breath.

Persons: It’s, haven’t, Ford, Ginger Graham, Walgreens, ”, Matt Egan, JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, Goldman Sachs, ” Goldman Sachs, David Solomon, “ Organizations: CNN Business, Bell, New York CNN — Corporate, Cornell University’s Labor, Public, Ford, GM, Apple, Netflix, Comcast, Paramount, CNN, Warner Bros, Hollywood, Entertainment, Morningstar, General Motors, Walgreens, Pharmacy, JPMorgan, of Commerce, Israel - America Chamber of Commerce Locations: New York, Arizona , Washington , Massachusetts, Oregon, West Coast, Israel, United States

☆ Your local Walgreens might be closed this week. Here's why pharmacy workers are walking off the job.
▼ + stars: | 2023-10-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Pharmacy staff at dozens of Walgreens locations have walked off the job over workplace conditions. AdvertisementAdvertisementPharmacy staff at dozens of Walgreens locations walked off the job Monday, calling for increased staffing levels and improved safety policies. Walgreens has approximately 9,000 locations across the US, and a comprehensive list of affected locations was not available as of Monday morning. Pharmacy workers at CVS locations in Kansas City walked off the job in September over similar issues of unsafe and stressful workplace conditions. AdvertisementAdvertisementHogue also said that the APhA supports workers who have decided to "pull back from unsafe work conditions," such as harassment and understaffing.

Persons: Walgreens, —, undertrained, Michael Hogue, Hogue, I'm Organizations: Walgreens, Service, American Pharmacists, Pharmacy, Kansas City, Kansas City Star Locations: Kansas

☆ Walgreens walkout: 5 things you need to know
▼ + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Organizers told CNN they had heard from well over 500 interested stores (out of approximately 9,000) across the country. Another organizer told CNN that Walgreens had asked regional leaders to mobilize and staff the pharmacies on Monday. It’s an incredibly rewarding job, but it’s hard,” said Amanda Applegate, the interim executive director of the Kansas Pharmacists Association. CVS pharmacists also walked off the jobCVS recently had a walkout and talks are not over. Another meeting with Shah is planned for late this week, but no time or location has been set, a CVS walkout organizer told CNN.

Persons: they’ve, “, ”, Amanda Applegate, Peter Bonis, Michael Hogue, Prem Shah, Shah, Amy Thibault, Fraser Engerman Organizations: New, New York CNN — Pharmacy, CNN, WGA, United Auto Worker, Facebook, Walgreens, American Pharmacists Association, National Alliance of State Pharmacy, CVS, Kansas Pharmacists Association, Wolters Kluwer Health, CVS Pharmacy, Kansas City, ” Locations: New York, Kansas City, United States, Kansas

☆ Student loan repayments are back. Here’s what that could mean for the economy
▼ + stars: | 2023-10-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —This month marks the first time in more than three years that federal student loan borrowers will be required to make monthly repayments. Before the Bell spoke with Betsy Mayotte, president and founder of The Institute of Student Loan Advisors, to talk about what that could mean for the economy. Before the Bell: When exactly do student loan payments resume? The last time I checked, there were more than 40 million federal student loan borrowers. That’s the policy discussion that has to be had in order to permanently fix the student debt crisis.

Persons: Trump, Bell, Betsy Mayotte, they’re, ’ It’s, we’ve, It’s, ’ I’m, I’ve, hasn’t, David Goldman, Michelle Toh, Brent, ” Susannah Streeter, Hargreaves Landsdown, “ We’re, “, ”, Fraser Engerman Organizations: CNN Business, Bell, New York CNN, Biden, Payments, Wall Street Journal, The, Student Loan Advisors, Hargreaves, Walgreens, Pharmacy, CNN, Employees Locations: New York, California , New York, Massachusetts, Israel, East, Gaza, Iran, United States, Kansas City

☆ The Fed is at odds with itself. That’s a feature, not a bug
▼ + stars: | 2023-10-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

So, Fed officials are divided, but it doesn’t really matter. Fed officials are still people, and as the saying goes, opinions are like bellybuttons in that everyone’s got one. Fed officials in that committee with voting power have the option to dissent, but it’s only happened twice this cycle. This year’s voters, which are Dallas Fed President Lorie Logan, Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker, and Minneapolis Fed President Neel Kashkari, will be rotated out next year. Up NextMonday: Fed officials Lorie Logan, Michael Barr and Phillip Jefferson deliver remarks.

Persons: Mary Daly, Michelle Bowman, ”, Biden, That’s, Michael Feroli, everyone’s, “ It’s, ” Feroli, Esther George, Ed Al, Hussainy, JPMorgan’s Feroli, It’s, Jerome Powell, John Williams, Lorie Logan, Austan Goolsbee, Patrick Harker, Neel Kashkari, Logan, Kashkari, Raphael Bostic, San Francisco Fed’s Daly, – CNN’s Elisabeth Buchwald, Michael Barr, Phillip Jefferson, Christopher Waller Organizations: CNN Business, Bell, CNN, Federal, San Francisco Fed, JPMorgan, Fed, Market Committee, Kansas City, Columbia Threadneedle Investments, Governors, New York Fed, Dallas Fed, Chicago Fed, Philadelphia Fed, Minneapolis Fed, San Francisco, Treasury, PepsiCo, The National Federation of Independent Business, US Labor Department, Federal Reserve, Delta, China’s National Bureau of Statistics, The University of Michigan Locations: San, Kansas, Columbia, Cleveland, Richmond, Atlanta, San Francisco, Walgreens

The U.S. government in May ended the COVID public health emergency declaration during which it bought the shots and provided them to all Americans for free. In the current privatized system, health insurance plans by law must cover the shots at no cost. McKesson (MCK.N), one of the largest U.S. wholesalers, said it has distributed over 3.8 million shots so far. "Health insurance providers continue to educate Americans about where and how to get their COVID vaccines within their plan’s coverage," David Allen, a spokesperson for insurance lobby group AHIP said. Now that the government is no longer footing the bill for their vaccine supply, pharmacy owners need to pay for the shots.

Persons: Kate MacDowell, MacDowell, Kaiser, David Allen, AHIP, David Kohll, James Daily, he's, Suzanne Berman, Michael Erman, Ahmed Aboulenein, Caroline Humer, Bill Berkrot Organizations: Pfizer, U.S . Department of Health, Human Services, Kaiser Permanente, COVID, Moderna, CVS, Walmart, Walgreens, Walgreens Boots Alliance, Cardinal Health, Reuters, Kohll's Pharmacy, Thomson Locations: WASHINGTON, U.S, Portland , Oregon, Oregon, California, Nebraska, Readington , New Jersey, Crossville , Tennessee, New York, Washington

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