U.S. markets ended Monday with a slight upward trend, led by gains in Apple, NIO, and CVS. Apple is preparing for potential disruptions from a looming dockworkers’ strike. NIO announced a significant investment in its subsidiary. Meanwhile, CVS is facing pressure from a hedge fund to improve operations. Tesla is also expected to release its third-quarter deliveries report soon.
Retail pharmacies like Walgreens and CVS are grappling with declining profits and customer dissatisfaction, fueled by long wait times, staff shortages, and intense competition from online giants like Amazon. The industry is facing a fundamental shift as traditional business models are challenged by changing consumer behavior and financial pressures.
Pharmaceutical chain Rite Aid has filed for bankruptcy and announced the closure of 436 stores since October. The closures include 6 stores in Pennsylvania, as well as a store in Dauphin County, where customers are being directed to a nearby CVS pharmacy.
