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CVS Caremark's charitable arm donates funds to support relief efforts in Japan
WOONSOCKET, R.I. — The CVS Caremark Charitable Trust has announced the donation of $100,000 to the American Red Cross in support of relief efforts under way in Japan following last week's tragic earthquake and tsunami, with a potential total donation of up to $300,000 through the matching of CVS Caremark employee donations.
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Walgreens doesn't need PBM to keep it at top
WHAT IT MEANS AND WHY IT'S IMPORTANT — A lot was made of Walgreens' sale of its pharmacy benefit management business to focus on its stores and the other parts of its business, with some analysts and pundits suggesting CVS should or might soon follow suit. Whether or not CVS Caremark decides to do the same remains to be seen, but it certainly isn't the foregone conclusion some have suggested it might be.