CVS will buy Target's pharmacies for $1.9 billion, the nation's second-biggest drugstore chain announced Monday in a news release.
All new Target stores will include CVS pharmacies, Reuters reports. CVS will also acquire Target's more than 1,600 existing pharmacies across 47 states, in addition to its nearly 80 clinics. The chain will also open up 20 new clinics inside Target stores within three years.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 preposterously funny cartoons about Trump's plan for the Gaza RivieraCartoons Artists take on a new solution, a special operation, and more
-
Mountains and monasteries in ArmeniaThe Week Recommends An e-bike adventure through the 'rare beauty' of the West Asian nation
-
Trade wars, explainedThe Explainer Free trade is almost always good for any economy – so why is it so unpopular?
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
