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CVS Health CEO Karen Lynch steps down, replaced by David Joyner, after 19% stock plunge

CBS News
Summary
Nutrition label

84% Informative

CVS Health CEO Karen Lynch steps down after company warns third-quarter earnings will fall short of Wall Street's forecasts.

Lynch will be replaced by CVS Caremark president David Joyner , who will also join the company's board.

Shares fall 9.9% to $ 57.40 in pre-market trading, a decline that comes after the stock had already shed 19% this year .

CVS had cut its financial expectations for the third time in August .

VR Score

90

Informative language

93

Neutral language

58

Article tone

semi-formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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