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CVS hears the Amazon footsteps -- and the pharmacy giant is wasting no time trying to get ahead of any Jeff Bezos plan to disrupt the drug store business the way that he has the rest of retail.CVS said Monday that it plans to offer next day delivery of prescription drugs nationwide in 2018. In some urban markets, CVS will even deliver on the same day.A program to deliver both medications and a select offering of other CVS products from the front of the store will begin in Manhattan on December 4.CVS CEO Larry Merlo made the announcements during the company's earnings conference call with analysts.The news comes just a few weeks after reports surfaced that Amazon had received wholesale pharmacy licenses in a dozen states.That move would potentially allow Amazon to sell prescription medications online.The speculation caused the shares of CVS and rival Walgreens to fall, as did pharmacy benefits manager company Express Scripts, a competitor of the CVS-owned PBM Caremark.The stocks of drug distributors Cardinal Health, AmerisourceBergen and McKesson all fell too.This is because investors are worried that Amazon, which is already changing the dynamics of the grocery business thanks to its acquisition of Whole Foods, may look to do the same for drug stores.But Merlo said during the call with analysts Monday that he still sees Amazon as more of a potential ally than threat."You would never close the door on any type of partnership," Merlo said, when asked by an analyst about possibly working with Amazon.Still, CVS seems to recognize that the health care landscape is changing rapidly, and it needs to adjust. There have even been recent rumors that CVS may look to buy health insurer Aetna.Aetna scrapped plans to merge with rival Humana earlier this year due to intense regulatory scrutiny. Another insurer merger proposed by Anthem and Cigna died as well.Since then, the lines between health insurers and the pharmacy giants have grown increasingly blurred and incestuous.Anthem recently started up its own PBM, called IngenioRX, and has partnered with CVS.And Walgreens has partnered with a Blue Cross-backed PBM Prime Therapeutics to form a new mail order pharmacy company.Merlo and other CVS executives did not address any of the Aetna chatter on the conference call.But if the rumors are true -- and if an Aetna deal passed antitrust scrutiny -- then CVS appears to be on its way towards building a formidable health care/retail giant that may avoid getting Amazon-ed. 2507
Coronavirus cases have forced the postponement or cancelation of 10 college football games this weekend.Out of the 10 games, only one involved a Top 25 team. No. 10 Wisconsin has canceled its game against Purdue, marking the second weekend in a row the Badgers have not played. In recent weeks, Wisconsin announced a total of 27 virus cases among players and staff.The postponements and cancelations mark the most games disrupted due to the virus.While not postponed or canceled, the top college football game of the weekend, Clemson vs Notre Dame, will be played without Heisman Trophy candidate Trevor Lawrence. Lawrence tested positive for the coronaivurs last week, and will miss his second game in a row.Here is a list of games not being played this weekend:Purdue vs No. 10 Wisconsin (canceled)Washington vs California (canceled)Arizona vs Utah (canceled)Louisville vs Virginia (postponed)Air Force vs Army (postponed)Tulsa vs Navy (postponed)UTSA vs Rice (postponed)Charlotte vs Middle Tennessee (postponed)Florida International vs UTEP (canceled)Louisiana Tech vs North Texas (postponed) 1103
COVID-19 has killed more than 50,000 people in nursing homes and long-term care facilities. That is at least 40% of all U.S. coronavirus deaths.The White House put in new measures recently to better protect residents.“The numbers are continuing to rise. We're just beginning to get some of the numbers out of some of the states and so this is a real outrage,” said Bill Sweeney, Senior Vice President of Government Affairs at AARP. “It didn't have to be this way, and this is a national disgrace.”AARP says required virus case data from facilities is happening too late. They're about a week behind and testing isn't consistent.Some facilities are still having issues with PPE, including training staff to wear it properly.Both Republicans and Democrats want to give more help to nursing homes in the next relief bill.AARP is concerned about the lack of inspections and oversight. It worries some facilities will get immunity from lawsuits.“Without inspections, without the ombudsman being able to go in and find out what’s going on in the facilities, without family visits being allowed, there's been no accountability at all and if they give immunity to these nursing homes, there won’t ever be accountability,” said Sweeney. “There will never be justice for families whose loved ones were treated poorly.”Before the pandemic, AARP says eight out of ten nursing homes were cited for infection control problems.Meanwhile, AARP encourages family members to call their representative in Congress if they are worried about their loved one and are not getting answers. 1573
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CORONADO, Calif. (KGTV) — An iconic Coronado bookstore says it is being forced out after 27 years at its home on Orange Avenue. Bay Books employees say landlord Kleege Enterprises has found a new tenant for the site and that it has to be out by March."I'm obsessed with this bookstore," said manager Barbara Chambers. "I don't know what I'm going to do."Building owner Bruce Kleege says this is not the case. He said he believes negotiations with the bookstore are ongoing and that he would like to keep the bookstore, albeit smaller. Last year, Kleege's company bought almost the entire block of buildings on Orange Avenue, the bookstore included, for million. Already, two high-end restaurants and a poke restaurant are on the way, replacing previous tenants. Kleege says the bookstore is paying a fraction of market rent, a gap that needs to narrow, but not close.Meanwhile, bookstore owner Angelica Muller says some of the spaces offered are off the main street, half the space, and double the rent to about ,000 a month. That's a rate she says an independent bookstore can't afford.Kleege says he is willing to work with the bookstore and wants to continue to negotiate. 1190