CVS lays off 2,900 workers in cost-cutting move. Here's what to know.
CBSN
CVS Health said it is cutting about 2,900 employees as part of a goal to reduce costs by $2 billion.
The job cuts represents about 1% of the health care company's workforce, a CVS spokesperson told CBS MoneyWatch via email.
Some pharmacy chains have struggled in recent years amid cutbacks from inflation-weary consumers, with shoppers paring their spending on non-prescription items. Walgreens is planning to close up to a quarter of its 8,600 retail locations as some customers have turned elsewhere to buy basics.
Cissy Houston, the mother of the late Whitney Houston and a two-time Grammy winner who performed alongside superstar musicians like Elvis Presley and Aretha Franklin, has died, CBS News confirmed. She was 91.
Vice President Kamala Harris and former President Donald Trump have both made numerous promises, some in the realm of vague pledges and others backed by detailed policies, that carry hefty price tags. But Trump's proposals would add twice as much red ink to the nation's debt over the next decade as those advanced by Harris, a new analysis finds.
The three-day dockworker strike that crippled East and Gulf Coast ports put a spotlight on one of America's most important jobs: loading and unloading the billions of products — from food to cars — that keep the U.S. economy humming.
The Georgia Supreme Court on Monday restored the state's six-week abortion ban, halting a judge's ruling a week ago that the six-week ban is unconstitutional and abortions could continue past six weeks.
A British doctor on Monday admitted trying to kill his mother's long-term partner, who stood between him and an inheritance, by injecting the man with poison disguised as a COVID-19 vaccine.
American Water Works — a supplier of drinking water and wastewater services to more than 14 million people — on Monday said hackers had breached its computer networks and systems.
Verizon has confirmed that it experienced its second outage in one week Monday, leaving some of its wireless customers unable to complete calls made to landlines.
Indian police have charged a man for the rape and murder of a 31-year-old doctor which sparked wide-scale protests throughout the country.
STOCKHOLM - Two researchers working in Massachusetts have been awarded the Nobel Prize in medicine.
Washington — The Supreme Court will convene Tuesday to consider a challenge to the Biden administration's efforts to regulate untraceable firearms known as ghost guns, as major American cities report the measure seems to have caused a reduction in the use of these weapons within their borders.
