CVS Plans 2028 Pharmacy Spinoff as Shares Slide 12%
CVS Health ($CVS) announced plans Wednesday to separate its drugstores and community-health operations into a new public company in the first half of 2028. Shares fell roughly 12% in early November 4 trading, according to MarketWatch, even as CVS reported stronger third-quarter earnings and raised its full-year guidance. The selloff came amid concerns about the existing businesses, as… Read More »