(Reuters) – The US pharmacy chain CVS Well being will reduce 5,000 jobs, the Wall Road Journal reported on Monday, citing a word to workers. In an e-mail response to Reuters, CVS confirmed that the corporate was shedding some non-customer-facing workers to chop prices, however didn’t touch upon the variety of workers affected. An organization spokesperson stated CVS expects “no affect on our customer-facing colleagues in our shops, pharmacies, clinics, or customer support facilities.” The pharmacy chain had about 300,000 workers within the US on the finish of final yr. Rhode Island-based Woonsocket will reduce journey bills in addition to

Bloomberg Tv The inventory’s current rally appears to be like rather a lot like what occurred in 2019, says Mike Wilson of Morgan Stanley. At the moment, the inventory market was rising within the route of the Fed’s coverage easing, and the dynamic is similar as within the current rally. “The info we now have in the present day tells us that we’re on a policy-driven trailblazer.” Shares are celebrating like 2019 because of the Federal Reserve, they usually can nonetheless go greater, in line with considered one of Wall Road’s most distinguished bears. Morgan Stanley’s Mike Wilson advised shoppers