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Stock impact report

CVS's stock jumps after deal to keep Walmart participating in benefit networks [MarketWatch]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: MarketWatch
CVS's stock jumps after deal to keep Walmart participating in PBM networks Shares of CVS Health Corp. CVS, -0.86% rallied 2.6% in premarket trade Friday, after the drugstore chain and Walmart Inc. WMT, +0.40% have reached a multi-year agreement in which Walmart will continue to participate in the CVS Caremark pharmacy benefit management (PBM) retail pharmacy networks. Walmart shares were still inactive. The companies did not disclose financial terms of the agreement. Earlier this week, CVS said Walmart had decided to leave its PBM networks because of a dispute over pricing. "We are very pleased to have reached a mutually agreeable solution with Walmart. As a PBM, our top priority is to help our clients and consumers lower their pharmacy costs," said CVS Caremark President Derica Rice. "This new agreement accomplishes our top priority and enables Walmart to continue participating in CVS Caremark's commercial and Managed Medicaid pharmacy networks and provides enhanced network sta Show less Read more
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