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Recent Articles

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CVS reports Q1 net income up to US$2.31B from US$2.22B last year; total revenues up 11.2% to US$76.83B from US$69.10B, Health Care segment up 12.8%, Pharmacy Services up 8.6%, Retail/LTC up 9.2%

Rite Aid to offer ‘Buy Now, Pay Later’ service on everyday items via Afterpay, rolling out online first with plans to bring service in-store in coming months; with BNPL offering, company expects to see new Gen Z, Millennial customers shopping online

Instacart partners with over 10 companies in Canada, including grocery and drugstore retailer Metro, discount store Giant Tiger; Instacart says adding discount retailers has been successful, especially as people seek better deals amid inflation

Reliance Industries, Apollo Management reportedly working together to make bid for UK drugstore chain Boots; deal would see Boots expand into Asia if takeover is completed

Rite Aid rejects buyout proposal from Spear Point Capital, saying it was 'not credible'; company says proposal provided no evidence of financing, required months of exclusivity, called for company to spend months soliciting competing offers

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