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Costco responds to union: After a few of its Virginia staff launched an sudden transfer to unionize, Costco Wholesale Company got here again with an uncommon response. The corporate’s high execs wrote that it was a “failure on our half.” Full story.
CVS drops Humira: CVS Well being will now not embrace AbbVie’s Humira on most prescription plans and can as an alternative supply cheaper options. The drug, which treats inflammatory circumstances, is a high vendor, and CVS is the primary main profit supervisor to shift to options since they turned accessible. The change will take impact in April. Full story.
Jeff Bezos’s new search: San Francisco-based startup Perplexity, which operates an AI-powered search engine, has secured $74 million in funding from a gaggle of traders that features Amazon founder Jeff Bezos. The corporate, lower than two years previous, is one among quite a lot of gamers betting that synthetic intelligence will basically change the way in which individuals search the web. Full story.
Walgreens cuts dividend: Retail pharmacy large Walgreens posted better-than-expected adjusted earnings on Thursday however stated it should lower its dividend in half—from 48 cents to 25 cents a share. The transfer comes as the corporate faces stress to enhance its backside line. Walgreens inventory was down greater than 11% in early-morning buying and selling on Thursday. Full story.
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