CVS Health Corporation (CVS) dominated their first quarter earnings release, despite the turmoil from the coronavirus pandemic. Yes, a company is actually doing exceptionally well, and it's to no surprise that a pharmacy would do well during a pandemic, one that had recently acquired a large insurance company. Yes, CVS, in 2018, closed on the acquisition of Aetna, creating one healthcare behemoth. How exactly, though, is CVS doing it?
First, consumers were able to have early refills on prescriptions. Management stated, "early refills of maintenance medications and increased front store volume as consumers prepared for