CVS Health CEO Karen Lynch steps down, replaced by David Joyner, after 19% stock plunge
CBSN
CVS Health said Friday CEO Karen Lynch has stepped down after the pharmacy chain once again warned its earnings will fall short of Wall Street's forecasts. Lynch will be replaced by CVS Caremark president David Joyner, who will attempt to steer the health care giant through a worsening environment of rising medical costs.
CVS, which had cut its financial expectations for the third time in August, said Friday that its third-quarter earnings will fall short of expectations.
Shares fell $6.27, or 9.9%, to $57.40 in pre-market trading, a decline that comes after the stock had already shed 19% this year.
Washington — Secret Service Acting Director Ronald Rowe told his workforce on Thursday that he is "deeply concerned" about the impact that an independent review panel's findings about the July assassination attempt against former President Donald Trump will have on the agency's morale, according to a copy of the internal message obtained by CBS News.
Washington — An independent panel tasked with reviewing the July assassination attempt against former President Donald Trump in Butler, Pennsylvania, found the Secret Service suffers from "deep flaws" that enabled the attack at the Trump campaign rally, and called for the agency to undergo "fundamental reform" to carry out its mission of protecting top government officials around the world.