CVS HEALTH CORPORATION - CVS STOCK NEWS

CVS Health (NYSE: CVS) will hold its 2021 Investor Day on December 9 in New York City. The event, starting at 8 AM ET, will feature insights from the executive leadership team on the company's strategy and long-term financial goals, along with financial guidance for 2022. The presentation will be accessible via a live audio and video webcast on the CVS Health Investor Relations website, with materials available prior to the event and archived for one year.

CVS Health (NYSE: CVS) will offer the Pfizer-BioNTech COVID-19 pediatric vaccine to children aged 5-11 starting November 7, 2021. This announcement follows CDC and FDA authorization. Nearly 1,700 CVS locations across 46 states, Puerto Rico, and Washington D.C. will provide the vaccine, which is one-third the adult dose. Appointments can be scheduled online or through the CVS App. CVS has administered around 43 million COVID-19 vaccines and has experience in providing other vaccinations. CVS emphasizes parental involvement and has trained staff to ensure a supportive experience for families.

CVS Health reported third-quarter results for 2021, with total revenues increasing to $73.8 billion, a 10.0% rise from the previous year. GAAP diluted earnings per share (EPS) grew 29.0% to $1.20, while adjusted EPS rose 18.7% to $1.97. However, operating income decreased 5.8% to $3.1 billion, impacted by a $431 million goodwill impairment charge. The company revised its full-year GAAP EPS guidance to $6.13 to $6.23 and raised adjusted EPS guidance to $7.90 to $8.00.

CVS Health has announced a partnership with the American Diabetes Association (ADA), committing $10 million over three years to support diabetes prevention and management. This initiative, part of ADA's Project Power, aims to improve health equity and eliminate disparities in diabetes care. The funding will also support research into health inequalities faced by underserved communities. Additionally, CVS will hold fundraising campaigns in-store to further support diabetes awareness and education, especially during American Diabetes Month.

Evolv Technology (NASDAQ: EVLV) has appointed Mario Ramos as Chief Financial Officer, effective November 1, 2021. Ramos, who previously served as CFO at Edelman Financial Engines and held key roles at CVS Health, will oversee the company's finance, accounting, risk compliance, IT, and investor relations. His extensive experience in high-growth environments is expected to support Evolv’s strategic growth initiatives. Ramos succeeds Peter Faubert, who transitions to Senior VP of Strategic Finance. This appointment aligns with Evolv’s mission to enhance security technology in a rapidly growing market.

Aetna, a CVS Health company, launched its Gene-based, Cellular, and Other Innovative Therapies (GCIT) network to improve access to new therapies for rare genetic diseases. Starting January 1, 2022, the network will offer gene therapy services, including Luxturna, Spinraza, and Zolgensma, as part of Aetna's medical benefits. With over 75 designated GCIT service providers, the network aims to manage therapy costs and enhance patient outcomes. A dedicated clinical team will assist members through the healthcare process and provide financial protection for clients lacking traditional stop-loss insurance.

Aetna®, a CVS Health company, announced that 76% of its 2022 Medicare Advantage Prescription Drug (MAPD) members are enrolled in plans rated 4.5 stars or higher, significantly outperforming the industry average of 54%. Furthermore, 87% of members are in plans rated 4 stars or above, with two plans achieving the highest 5-star rating. The announcement reflects Aetna's commitment to quality care amid challenges posed by the COVID-19 pandemic, highlighting their focus on member accessibility and health management. Enrollment for Aetna's Medicare Advantage plans started on October 15, 2021.

CVS Health (NYSE: CVS) has announced the availability of the Moderna COVID-19 booster shot at select CVS Pharmacy locations starting October 22, 2021. This follows CDC authorization and guidance from the Advisory Committee on Immunization Practices (ACIP). Eligible populations include individuals aged 65 and older, those aged 50-64 with underlying health conditions, and others aged 18-49 at high risk. CVS has administered over 34 million COVID-19 vaccines to date and is prepared to expand vaccine eligibility to ages 5-11 upon CDC approval.

The Aetna Connected Plan with CVS Health is an innovative health care offering in the New York/New Jersey market, providing members with a more affordable way to access care. This plan combines the Aetna Open Access network with expanded services at CVS Pharmacy, featuring over 800 locations and 53 CVS HealthHUBs.

Mid-sized businesses can start quoting for the plan now, effective from December 2021. Key benefits include $0 copays at in-network clinics, 90-day prescription refills, and valuable support through Care Concierge services.