Amazon launches an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS Health and Walmart. Emma Jehle reports.
The US Department of Health and Human Services has announced a plan to distribute an eventual COVID-19 vaccine. The agency will pair with large pharmacy chains to get the vaccine to the public. The list of pharmacies includes CVS, Costco, Walmart, Rite Aid, Publix, Walgreens, and Kroger. While there is currently no approved vaccine for the coronavirus, several candidates are in late-stage testing. Pfizer announced this week that its experimental COVID-19 vaccine was found to be 90% effective.
CVS Health named Aetna President Karen Lynch as the company's new CEO. She will become CEO in February 2021. CVS Health ranks fifth on the Fortune 500, the company will become the largest one led by a woman. CVS Health bought Aetna in 2018 for $70 billion. In a chat with Business Insider, Lynch told Lydia Ramsey Pflanzer her vision for Aetna was to help members manage their health using CVS Pharmacy or MinuteClinic.