Home Business CVS, Walmart, Walgreens reach tentative $12 bln Opioid pact – Bloomberg News

CVS, Walmart, Walgreens reach tentative $12 bln Opioid pact – Bloomberg News

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CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have tentatively agreed to pay more than $12 billion to resolve thousands of state and local government lawsuits accusing the chains of mishandling opioid painkillers, Bloomberg News reported on Tuesday.

The proposed settlement calls for CVS to pay $4.9 billion, Walgreens to pay at least $4 billion and Walmart to pay $3 billion, according to the report, citing people familiar with the matter. (Reporting by Baranjot Kaur in Bengaluru; Editing by Rashmi Aich)



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