Financial News

Sera Labs has entered into a memorandum of understanding with Cure Pharmaceuticals for a $20 million total upfront consideration.

Costco reported that its sales in July rose 14.1% to $13.04 billion, from $11.43 billion in the year-ago period.

CVS Health's Q2 revenue hit $65.3 billion, while its net income rose 54.6% to $3 billion, even as retail traffic and script fills were soft.

Publix’s sales for the three months ended June 27 rose 21.8% to $11.4 billion, up from $9.3 billion in the year-ago period.

TAAT Lifestyle and Wellness is acquiring Redwood Reserves, a maker of hemp cigarettes, in order to leverage its distribution network and infrastructure for TAAT's forthcoming Beyond Tobacco product.

Walmart is cutting hundreds of corporate positions as it transforms into an omnichannel enterprise, according to a report by Bloomberg.

Albertsons reported first quarter fiscal 2020 sales of $22.8 billion, up 21% from $18.7 billion during the prior-year period.

Foundation will be acquiring Breathe Right Nasal Strips and Children’s Dimetapp, as well as Anbesol, Alavert, Dristan, Primatene Tablets and Fiber Con from GSK Consumer Healthcare.