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[$$] CVS Health Settles Pricing Fight With Walmart

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Inc. settled their fight over the cost of filling prescriptions, averting a threatened split between the health-care giant and the retail behemoth. CVS said Monday that Walmart was expected to leave drugstore networks of its pharmacy-benefit manager, CVS Caremark. The move would have affected people whose employers have CVS Caremark-administered drug benefits, as well as Medicaid enrollees with CVS drug coverage.

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CVS's stock jumps after deal to keep Walmart participating in PBM networks

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Shares of CVS Health Corp. rallied 2.6% in premarket trade Friday, after the drugstore chain and Walmart Inc. have reached a multi-year agreement in which Walmart will continue to participate in the CVS Caremark pharmacy benefit management (PBM) retail pharmacy networks. Earlier this week, CVS said Walmart had decided to leave its PBM networks because of a dispute over pricing. "We are very pleased to have reached a mutually agreeable solution with Walmart. As a PBM, our top priority is to help our clients and consumers lower their pharmacy costs," said CVS Caremark President Derica Rice. "This new agreement accomplishes our top priority and enables Walmart to continue participating in CVS Caremark's commercial and Managed Medicaid pharmacy networks and provides enhanced network stability for our clients and their members."

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Asda Valentine's Day meal deal costs £15 and you can get a steak with pink PROSECCO butter

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There’s also chicken wrapped in prosicutto ham in Prosecco sauce, as well as salted caramel and dark chocolate hearts for dessert. There are seven different starters to choose from, as well as eight mains, 10 side dishes, and eight desserts. You can also choose a bottle of wine, Cava or Prosecco, non-alcoholic “Nosecco,” beer or pink rose lemonade. What can you get in Asda's £15 Valentine's Day meal deal? It’s more expensive than Aldi’s Valentine’s deal, which allows shoppers to pick up a main, dessert, and side dish for two for under £7. But Asda’s deal comes with a starter, two side dishes and a bottle of bubbly too. If you want a tipple with your meal and a starter to kick off the night, then Asda’s deal could be worth it as it works out at only £7.50 per person.

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Walmart, CVS Health hammer out new PBM pharmacy network deal

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Walmart, CVS Health hammer out new PBM pharmacy network deal. (AP) -- Walmart will continue to operate through CVS Health's pharmacy benefit management commercial and managed Medicaid retail pharmacy networks. Shares of CVS, which have been under pressure since Tuesday when it said it could not come to an agreement with Walmart on pricing, rose more than 2 percent before the opening bell Friday. Including Walmart, the CVS Caremark national pharmacy network will have nearly 68,000 participating pharmacies for members to choose from, including independently-owned, community-based pharmacies, other local pharmacies in grocery stores and mass merchants and regional and national chains.

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Walmart partners with four more grocery delivery companies

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NEW YORK (Reuters) - Walmart Inc (WMT.N) said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 100 U.S. cities. Walmart's new partners are Point Pickup, which offers recurring same-day deliveries, and one-hour delivery company Skipcart, which uses crowdsourced labor. It has also partnered with same-day shipping firm AxleHire and Roadie, which connects senders with drivers who are already going in the needed direction. The current 800 stores cover about 100 metropolitan areas, Walmart spokeswoman Molly Blakeman said.

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Walmart expands grocery delivery through partnership with four companies

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Walmart Inc. has partnered with Point Pickup, Skipcart, AxleHire and Roadie to expand its grocery delivery service to metropolitan areas in four states: South Carolina, Ohio, Florida and Alabama. Grocery delivery is available in 800 stores currently and 800 more will be added this year. Customers can use the service on orders of $30 or more, with free delivery available on the first order with a minimum purchase of $50. Walmart shares have lost 6% over the past year while the Dow Jones Industrial Average is down 7.3% for the period.

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Walmart taps 4 more delivery companies to help it get groceries to homes

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Walmart is adding more delivery companies to its roster to get groceries to shoppers' homes. The retailer said in a blog post Thursday it's now working with Point Pickup, Skipcart, AxleHire and Roadie in cities across four states, to start, with a larger expansion to take place "in the coming weeks." Walmart currently is working with DoorDash, Postmates and Deliv. And the company says it's still on track to have its online grocery delivery service available in more than 800 stores by the end of this fiscal year, then doubling that in 2019. Not only is the company experimenting with driverless cars to deliver bread and produce to shoppers' doorsteps, but U.S. e-commerce chief Marc Lore recently said Walmart will find a way to one day put groceries right into customers' refrigerators.

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Walmart abandons plans for video-streaming service and will focus instead on Vudu

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Here's a plot twist — one company is deciding not to launch a new streaming video service. The giant discount retailer opted not to move forward with a new streaming product after talks with veteran media executive Mark Greenberg fell apart last year, said the people, who asked not to be named because the discussions were private. Greenberg, who was previously CEO of premium movie service Epix, had spoken to Walmart about developing a service aimed at "Middle America," the people said. "Vudu has developed a strong platform, and we aim to continue to bring our customers more content, on more devices, at the best possible price," Tara Raddohl-House, a Walmart spokeswoman, said in an e-mail.

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Court of Appeal to rule on Asda equal pay battle

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At the Court of Appeal in London on Thursday, senior judges will rule on the latest round of the legal action launched by thousands of retail workers – mostly women – who argue they should be paid the same as those working in the supermarket’s depots. However, even if Asda loses at this stage of the litigation, workers will still have to demonstrate that the roles are of equal value and, if they are, that there is not a reason other than sex discrimination which means the roles should not be paid equally. Law firm Leigh Day, which says it represents more than 27,000 Asda shop floor workers, as well as staff at Sainsbury’s, Tesco and Morrisons, estimates the total value of the claims against the big four supermarkets, if they lose their cases and are ordered to pay all eligible staff, could be more than £8 billion. This website and associated newspapers adhere to the Independent Press Standards Organisation's Editors' Code of Practice. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. If you are dissatisfied with the response provided you can contact IPSO here.

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Court of Appeal to rule on Asda equal pay battle

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Court of Appeal to rule on Asda equal pay battle. Supermarket Asda is set to find out the latest ruling in a legal battle by its staff over equal pay. At the Court of Appeal in London on Thursday, senior judges will rule on the latest round of the legal action launched by thousands of retail workers – mostly women – who argue they should be paid the same as those working in the supermarket’s depots. However, even if Asda loses at this stage of the litigation, workers will still have to demonstrate that the roles are of equal value and, if they are, that there is not a reason other than sex discrimination which means the roles should not be paid equally. He said the EAT incorrectly reached the “extraordinary conclusion that the terms were common as between” the retail workers and depot staff. Andrew Short QC, for the employees, said that staff believe their work is “of equal value to that of the distribution workers and that there is no good…reason for the difference in pay”.

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