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Editorial Results (free)

1. Heated debate over high drug costs returns to Capitol Hill -

Patient bills, competition and secrecy shared the spotlight Tuesday as pharmacy benefit managers testified before Congress about prescription drug prices.

Members of a Senate Finance Committee investigating drug costs pushed the benefit managers to explain why they can't do more to control prices and to reveal the details behind the contracts they negotiate. The hearing was the committee's third so far this year focused on the high cost of prescriptions.

2. Target selling pharmacy, clinic businesses to CVS Health -

Target will sell its pharmacy and clinic businesses to CVS Health in the latest twist behind a push from big retailers to become all things to all customers.

The nation's second-largest drugstore chain will pay about $1.9 billion to run Target's in-store health operations and expand what they offer for customers who have come to expect that they will be able to fill a prescription when they shop at Target.

3. CVS buying Omnicare for about $12.7 billion -

NEW YORK (AP) — CVS will buy the pharmacy benefits provider Omnicare in a deal valued at about $12.7 billion, putting it in a better position to get its prescriptions to the growing U.S. population living in senior-care facilities.

4. Bovender inducted into Business Hall of Fame -

More than 400 business leaders gathered at Loews Vanderbilt Hotel last week to induct Jack Bovender, Jr., retired Chairman of HCA., into the Phoenix Club Nashville Business Hall of Fame.

The Hall of Fame recognizes the city’s outstanding contributors to business and philanthropy and benefits Junior Achievement of Middle Tennessee students.

5. Apple CEO Tim Cook says Apple Pay a success -

LAGUNA BEACH, Calif. (AP) — Apple CEO Tim Cook said Apple's new mobile payment system had over 1 million activations in the first three days after it became available, and is now more widely used than any competing payment system.

6. CVS changes name, stops tobacco sales early -

As CVS sharpens its focus on customer health, the nation's second-largest drugstore chain will tweak its corporate name and stop the sale of tobacco nearly a month sooner than planned.

CVS Caremark said it will now be known as CVS Health, effective immediately. The signs on its roughly 7,700 drugstores won't change, so the tweak may not register with shoppers.

7. Wellness programs grow more popular with employers -

That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul.

8. Obama praises CVS for pulling tobacco from shelves -

WASHINGTON (AP) — President Barack Obama is praising CVS Caremark for its decision to stop selling tobacco products at its drugstores.

Obama says CVS is setting a "powerful example," and says the decision will help his administration's efforts to reduce tobacco-related deaths and disease and bring down health care costs.

9. CVS Caremark plans to stop tobacco products sales -

CVS, the nation's second-largest drugstore chain, is kicking the habit of selling tobacco products as it continues to shift its focus toward being more of a health care provider.

The company said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1 in its 7,600 stores nationwide, in a move that it says will help it grow its business that works with doctors, hospitals and others to improve customers' health.

10. Bashful? Buy the little blue pill online -

TRENTON, N.J. (AP) — Men who are bashful about needing help in the bedroom no longer have to go to the drugstore to buy that little blue pill.

In a first for the drug industry, Pfizer Inc. told The Associated Press that the drugmaker will begin selling its popular erectile dysfunction pill Viagra to patients on its website.

11. Walgreen clinics expand care into chronic illness -

Walgreen Co. has expanded the reach of its drugstore clinics beyond treating ankle sprains and sinus infections to handling chronic diseases such as diabetes, asthma and high blood pressure.

12. Walgreen fiscal 1Q profit sinks nearly 26 pct -

Walgreen's fiscal first-quarter earnings sank nearly 26 percent as costs tied to a couple big deals and Superstorm Sandy helped put a bigger-than-expected dent in the drugstore chain's performance.

13. Stocks lower as investors watch Washington -

NEW YORK (AP) — Stocks slipped Thursday on Wall Street after more signs of tension emerged from federal budget talks in Washington.

The Dow Jones industrial average was down 70 points at 13,174 just after 1 p.m. EST. The Standard & Poor's 500 index was down 10 points at 1,418. The Nasdaq composite index was down 24 points at 2,989.

14. Haven Behavioral names new executive VP, COO -

Nashville’s Haven Behavioral Healthcare, Inc., a provider of behavioral health care for adults, senior citizens and active-duty military personnel, has hired Scott W. Kardenetz as executive vice president and chief operations officer.

15. Walgreen fiscal 2Q profit slides nearly 8 percent -

Drugstore operator Walgreen Co.'s fiscal second-quarter earnings fell almost 8 percent due in part to its decision to leave the Express Scripts pharmacy network, but the performance still topped analyst expectations.

16. Zeitlin wins award for lifetime achievement -

Shirley Zeitlin, CEO and founder of Zeitlin & Company, Realtors, has won in the “Lifetime Achievement” category in the international Stevie Awards for Women in Business.

Zeitlin’s competition for the award included the president and CEO of a financial firm in Toronto, the EVP of international finance for a Turkish bank (Akbank) and the president & CEO of WomenOnBusiness.com. More than 1,300 entries from around the world were submitted this year for consideration in 75 categories. A full list of those recognized can be found at stevieawards.com.

17. McLure new chairman at change:healthcare -

change:healthcare has announced the addition of Howard McLure as chairman of the board. McLure also will transition to chief executive officer over the next several months, replacing company founder Christopher Parks, who will move to chief development officer to lead continued development of the company’s platform and strategic relationships.

18. CVS Caremark 1Q profit falls on margins, costs -

WOONSOCKET, R.I. (AP) — CVS Caremark Corp. said Thursday that its first-quarter net income fell nearly 8 percent on lower margins and higher costs.