CVS Health is considering breaking up the company to separate its retail and insurance units in an effort to improve its fortunes amid investor pressure. The company has been in discussions with financial advisers about the potential split, following pressure from investors like Glenview Capital. This move comes as CVS faces challenges after lowering its 2024 earnings outlook for the third consecutive quarter in August.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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