The first Rite Aid store that CVS confirmed to take over the operations of is now open in Newcastle, Washington.

“We’re also planning to acquire the prescription files of the 5500 Olympic Drive Bartell Drugs store in Gig Harbor. The ...

The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it continues to struggle with recent challenges, an analyst said.

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That’s pushing up the values of companies with a heavy Medicare presence, such as UnitedHealth, Humana and CVS Health, which also reported earnings this morning.