CVS Health shakes up management in key unit amid fourth quarter rise
CVS Health posts a fourth quarter profit and begins a leadership overhaul with Derica Rice replaced by Alan Lavtin to lead the pharmacy benefit management segment and Alec Cunningham tapped to run Aetna as the company expands focus on government programs like Medicare Advantage. Latvin brings deep high cost drug experience as CVS pivots to health care services and care management. The Woonsocket company earned 1.75 billion in Q4 2019 with adjusted 1.73 per share. It runs over 9,900 retail stores and over 141 billion in revenue. Latvin's prior roles include work with specialty drugs for insurers and heavy hitters.
MENTIONED IN THIS ARTICLE
CVS Health
Derica Rice
Alan Lotvin
Concerto Healthcare
Alec Cunningham
Larry Merlo
Latvin
Aetna
CVS Health Corp
Woonsocket
Rhode Island
Major tech fair under cloud as Nokia Vodafone pull out
Nokia Vodafone and Deutsche Telekom pulled out of the Mobile World Congress in Barcelona amid Wuhan virus fears. Other major exhibitors Ericsson Amazon Sony LG Cisco and Intel already declined. Organizers monitor health risk with added measures while Spain and Catalonia stress low public health risk.
MENTIONED IN THIS ARTICLE
London
Nokia
Vodafone
Deutsche Telekom
China
Ericsson
Amazon
Sony
Cisco
Intel
Barcelona
Spain
HMD Global
Britain
Huawei
GSMA
Alba Vergés
Catalonia
Vergés
BP outlines plan to reach net zero by 2050
London based BP aims to eliminate or offset all carbon emissions from its operations and from the fuels it sells by 2050. CEO Bernard Looney framed the move as a destination with details to follow, while BP pledges to cut methane leaks 50 by 2023 and double down on low carbon investments.
MENTIONED IN THIS ARTICLE
London
Bernard Looney
Looney
Bob Ward
Grantham Research Institute On
EU plans trade sanctions against Cambodia
The European Union will withdraw about one fifth of Cambodia's tariff preferences under the Everything But Arms scheme, risking impact on Cambodian exports worth billions. The move targets human rights and trade union violations, with sanctions due to start in six months unless Parliament and member states object. Prime Minister Hun Sen defends independence, saying the measure is manageable and vows to keep ruling.
MENTIONED IN THIS ARTICLE
Brussels
European Union
Cambodia
Executive Commission
European Parliament
Josep Borrel
Hun Sen
Phnom Penh
National Assembly
Phil Robertson
Asia
Human Rights Watch
Also Mentioned on This Page
CVS
Mexico City
Mexico
Alejandro Gertz Manero
Radio Formula
Emilio Lozoya
Malaga
Lozoya
Pemex
Enrique Pesia Nieto
Odebrecht
Latin America
Ford
Dearborn
Mich
North America
Joseph Wilson
Emilio Morenatti
Oil Company
St James’ Square
Victoria Jones
Pavia AP
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