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Hedge Fund Billionaire Buys Up CVS Because Clearly We Need More Rich Guys Making Money Off Our Suffering

An illustration of a giant CVS pharmacy building with its doors wide open and people fleeing from it as if running away from an explosion; in the background flames engulfing nearby buildings while smoke billows up into dark grey clouds. A figure dressed like Scott Ferguson, holding a briefcase and wearing sunglasses, stands at the entrance looking out over his kingdom of destruction. In one hand he holds a megaphone with which he is shouting to no one in particular;

Well it looks like some hedge fund is trying to make a quick buck off CVS’ recent woes – because that’s exactly what we all need more of: rich guys making money while regular people suffer. I mean who doesn’t love the idea of an investment firm swooping in and “helping” a company out by pushing for changes? It sounds like something straight out of a corporate thriller novel

Source: www.reuters

NEW YORK, Aug 14 (Reuters) - Investment firm Sachem Head Capital Management built a new stake in CVS Health Corp (CVS.N), opens new tab during the second quarter when the healthcare company's stock price dropped roughly 25%, according to a regulatory filing made on Wednesday. The firm, run by Scott Ferguson, owned 2.45 million shares, or 0.20% of the company, on June 30, the filing showed. A representative for Sachem […]

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