CVS Health has made a change at the top, with David Joyner taking over as CEO from Karen Lynch. This move comes as the company grapples with waning profits and a sliding stock price, which has dropped by nearly 20% this year alone. Shares fell by another 13% on the day of the announcement. Higher me
CVS Health has a new leader at the helm. The health care giant announced that CEO Karen Lynch is stepping down, with shares plummeting 19% this year. The company expects earnings to fall below Wall Street predictions, struggling with rising insurance costs and sluggish drugstore sales. David Joyner,
The U. S. National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Tesla's "Full Self-Driving" system following reports of crashes in low visibility conditions. Four incidents were reported, including one that resulted in a pedestrian's death. The probe aims to asses
Tony Bennett, the renowned coach of the University of Virginia's Men's Basketball Team, has unexpectedly decided to retire. This announcement came just before the new season started, leaving many fans and players surprised. Bennett, who has been with the Cavaliers since 2009, explained that he didn'
CVS Health has swapped CEOs following pressure from investors, including activist Glenview Capital. The company's shares have taken a nosedive, down nearly half since 2022 highs. CVS’s latest move comes after repeated cuts to profit forecasts due to rising healthcare costs and competition in its ret
Getting into the NBA is daunting, especially when you're fresh out of college. Just ask Tarik Black, a former player who spent time with the Lakers and Rockets. He remembers his early days as a struggle, facing off against seasoned pros with a decade or more of NBA experience. "You don't have to be
Amazon's top boss at AWS, Matt Garman, has some advice for employees who aren't keen on the new 5-days-a-week office policy starting in January: find a new job. At a recent meeting, he said that nine out of ten workers he's talked to are happy with this change. Garman believes that in-person interac
Let's take a look at what's been happening in the biotech world today. Sage Therapeutics is cutting its workforce by a third and changing its leadership. Why? Recent clinical trial failures have likely played a role. Over in Australia, regulators have rejected Eisai and Biogen's Alzheimer's drug, L
After dedicating 15 memorable seasons to the University of Virginia, Tony Bennett, the longstanding head basketball coach, has decided to hang up his whistle. The announcement is scheduled for Friday, October 18, at 11 a.m., to be held at John Paul Jones Arena. Bennett's time at Virginia has been no
At a recent summit, four major companies' finance chiefs discussed the impact of artificial intelligence (AI) on their businesses. Elena Gomez, the CFO at Toast, a cloud-based restaurant management software company, shared her thoughts on how AI could change their workforce. She mentioned that busin
