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Healthcare

CVS Health To Close 900 US Stores Over Next Three Years

Kimberly Redmond | Equities.com |

CVS Health will close about 900 US stores over the next three years as part of a larger shift away from retail and toward healthcare services.

On Thursday, the Woonsocket, Rhode Island-based drugstore chain said its decision — which will ultimately impact 9% of its 10,000 stores nationwide — comes after “evaluating changes in population, consumer buying patterns and future health needs.”


Workers at Companies With at Least 100 People Must Be Vaccinated By January 4 or Get Weekly Tests

AP News | Equities.com |

Tens of millions of Americans who work at companies with 100 or more employees will need to be fully vaccinated against COVID-19 by Jan. 4 or get tested for the virus weekly under government rules issued Thursday.

The new requirements are the Biden administration’s boldest move yet to persuade reluctant Americans to finally get a vaccine that has been widely available for months -- or face financial consequences. If successful, administration officials believe it will go a long way toward ending a pandemic that has killed more than 750,000 Americans.


Walgreens Investing Additional $5.2 Billion in Primary Care Provider VillageMD

Kimberly Redmond | Equities.com |

Walgreens Boots Alliance Inc (Nasdaq: WBA) will invest $5.2 billion in primary care provider VillageMD as part of the pharmacy chain’s plan to open more co-located practices within its drugstores across the US.

The investment announced Thursday increases the Deerfield, Illinois-based chain’s stake in VillageMD to 63% from the 30% it acquired in July 2020.


IBM Mandates COVID-19 Vaccine for All US Employees by December 8

Kimberly Redmond | Equities.com |

International Business Machines Corporation (NYSE: IBM) says all US-based employees must be fully vaccinated against COVID-19 by Dec. 8 or face unpaid suspension.

The Armonk, New York-based tech giant told workers last week that, as a government contractor, it must comply with the Biden administration’s vaccine mandate for large companies, federal workers and federal contractors, CNBC reported Thursday, citing an internal memo.


Baxter in Advanced Talks To Acquire Medical Equipment Maker Hill-Rom for $10 Billion

Kimberly Redmond | Equities.com |

Baxter International Inc (NYSE: BAX) is reportedly in advanced talks to acquire medical equipment maker Hill-Rom Holdings Inc (NYSE: HRC) for about $10 billion and a deal could be reached by mid-week.

Citing sources familiar with the matter, The Wall Street Journal reported on Sunday that the transaction would value Hill-Rom at around $150 per share, a 13% premium to the stock’s closing price of $132.90 on Friday.


HHS Launches Office of Climate Change and Health Equity

Kimberly Redmond | Equities.com |

The US Department of Health and Human Services (HHS) has launched a new office designed to address the health impacts and disparities caused by climate change. In a press release Monday, HHS said the new Office of Climate Change and Health Equity (OCCHE) will be focused on protecting vulnerable communities that “disproportionately bear the brunt of pollution and climate-driven disasters, such as drought and wildfires, at the expense of public health.”


CDC Investigating Salmonella Outbreaks in 17 States Linked to Italian-Style Meats

Kimberly Redmond | Equities.com |

The US Centers for Disease Control and Prevention (CDC) are investigating a pair of salmonella outbreaks spread across 17 states that are possibly linked to Italian-style meat.

In a statement, the CDC said people in both outbreaks reported eating deli meats “such as salami, prosciutto, and other meats that can be found in antipasto or charcuterie assortments.”


Johnson & Johnson Says Booster Dose of COVID-19 Vaccine Generates Strong Immune Response

Kimberly Redmond | Equities.com |

Johnson & Johnson (NYSE: JNJ) said a booster shot of its single-dose COVID-19 vaccine generated a promising immune response among participants in early-stage clinical trials.

In a press release Wednesday, the pharmaceutical company said that trial participants who received a booster shot had a “nine-fold” increase of virus-fighting antibodies compared to what was observed four weeks after the initial dose.


COVID-19 Anxiety at Highest Level Since Winter: AP-NORC Poll

AP News | Equities.com |

Anxiety in the United States over COVID-19 is at its highest level since winter, a new poll shows, as the delta variant rages, more states and school districts adopt mask and vaccination requirements and the nation’s hospitals once again fill to capacity.

The poll from The Associated Press-NORC Center for Public Affairs Research also finds that majorities of American adults want vaccination mandates for those attending movies, sports, concerts and other crowded events; those traveling by airplane; and workers in hospitals, restaurants, stores and government offices.


New York City Businesses Concerned About Implementation and Enforcement of Vaccine Mandates

AP News | Equities.com |

Michael Musto can’t bring himself to ask his regulars at his Staten Island restaurant, Cargo Cafe, to prove they’ve been vaccinated against the coronavirus.

So if New York City presses on with its plans to require eateries, bars, gyms and many other public gathering places to require patrons to show proof of vaccination before coming indoors, he will again shutter his dining room and move operations outside.


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