The contract, though sizable, is likely immaterial to CVS’ earnings. But it moves the company in a positive direction as it ...

Rising prescription drug costs remain a top healthcare concern, with pharmacy benefit managers (PBMs) facing heightened scrutiny for their role in managing prescription drug benefits for insurers and ...

The California Public Employees’ Retirement System (CalPERS) has a new pharmacy benefits contract with CVS Caremark, the ...

CVS Health has secured a major healthcare deal, winning a multi-year pharmacy benefits contract with CalPERS, outbidding rival UnitedHealth. The deal marks a significant win for CVS's Caremark unit ...

Calpers Chief Investment Officer Nicole Musicco has made a push for the $449 billion pension fund to invest directly in companies and bypass private equity giants.

CalPERS’ new strategy also seems designed to head off legislation to force the pension funds to sell their investments in the largest fossil fuel companies by 2031.

CalPERS released the following statement: "Public agencies (cities, counties, special districts) will see the impact of the -6.1 investment return in their contribution rates in fiscal year 2024-25.

CalPERS representatives have said that any money it has to pay as a result of the lawsuit would come from the long-term care insurance fund, not from the system’s pension fund, recently valued ...

CVS Health’s Caremark business signed a new pharmacy benefits contract with the California Public Employees’ Retirement System, known as Calpers.