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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Why Alphabet Stock Flopped on Friday
Alphabet (NASDAQ: GOOG, GOOGL) shares dropped nearly 4% at the end of the trading week, significantly underperforming the S&P 500's 0.2% decline, following the European Union's ruling that the company must pay a €4.1 billion ($4.7 billion) fine for limiting search engine competition through its Android system. Alphabet is currently appealing this fine, which stems from a 2018 decision. Explain It To Me Like I'm 5: Alphabet, the company that owns Google, lost money because...
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