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CVS Health Splits Into Two Companies

CVS Health announced plans to split its drugstore and insurance operations into separate companies.

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WHAT'S CONFIRMED

  • ▸CVS will separate its drugstore business from Aetna insurance and pharmacy benefit operations. — Forbes Innovation, CNBC

NOT REPORTED ELSEWHERE

  • ▸CVS operates more than 9,000 drugstores to be separated in split. — Forbes Innovation
  • ▸The split reverses CVS's $78 billion acquisition of Aetna in 2018. — CNBC

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Today
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AMD Q3 Earnings Beat on AI Chip Demand

AMD reported better-than-expected Q3 results with data center revenue nearly doubling.

AMD beat Wall Street estimates driven by AI chip sales.

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Yesterday
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Apple Earnings Miss on Margins

Apple shares fell after reporting weak margin outlook despite beating revenue estimates.

CEO John Ternus led his first earnings call for Apple.

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Yesterday
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New York AI Restrictions for Minors

New York passed laws restricting AI chatbots' emotional expressions and access by minors.

New York law restricts how AI expresses emotions.

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11/02/26
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South Korea 2027 Budget AI Investment

South Korea presented a record 2027 budget including major AI and semiconductor investments.

The 2027 budget will rise 12.8% to 820.9 trillion won.