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MarketWatch 10/16/2019 11:38
Shares of McKesson Corp. rallied 5.7% in midday trading Wednesday, enough to pace all of its larger-capitalization health care peers, after The Wall Street Journal reported that the drug distributor, and two others, were in talks to pay $18 billion to settle all litigation brought by state and local governments blaming the companies for fueling the opioid crisis.
MarketWatch 10/15/2019 09:46
The Dow Jones Industrial Average's biggest gainers were all earnings reporters, while so was the Dow's biggest loser. Shares of UnitedHealth Group Inc. ran up 5.9%, Johnson & Johnson rose 2.0% and J.P. Morgan Chase & Co. climbed 1.8%, after all three companies beat profit expectations. The combined price gains were adding about 119 points to the Dow, which was up 122 points. The Dow's biggest decline was Goldman Sachs Group Inc.'s stock , which fell 3.1%, with the price decline shaving 43 points off the Dow, after the bank missed profit expectation. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 07/08/2019 08:16
Cardinal Health Inc. said Monday that Chief Financial Officer Jorge Gomez is leaving the company effective Aug. 9. The company said his departure is not related to "any financial performance, policy or control issues or any disagreement on accounting or financial reporting matters." Chief Executive Michael Kaufmann will assume the role of interim CFO, Kaufman has been CEO since January of 2019, but was CFO in the period from Nov. 2014 through Dec. 2017. Shares were not active premarket but have gained 8% in 2019, while the S&P 500 has gained 19.3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch 06/04/2019 07:18
CVS Health Corp. said Tuesday it expects integration of health insurer Aetna will drive synergies of $300 million to $350 million in 2019, followed by about $800 million in 2020. The company said it will outline a series of measures at an investor day later Tuesday aimed at accelerating growth, simplifying a confusing consumer healthy system and positioning the company for long-term growth. The company reaffirmed its guidance for 2019 of revenue in the range of $251.2 billion to $254.4 billion and EPS of $4.90 to $5.05 and adjusted EPS of $6.75 to $6.90. For 2020, the company expects to deliver adjusted EPS of more than $7.00, followed by mid-single digit percent adjusted EPS growth in 2021 and low-double digit percent adjusted EPS in 2022.

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