Diamonds and Dogs
Oak Street (OSH) is jumping 30% after CVS agrees to buy the primary care center for $10.5 billion. CVS continues their expansion into the healthcare space after buying Aetna a few years ago and transforming their stores to more primary-care business to help individuals avoid costly hospital visits.
Pinterest (PINS) lower following earnings. The social media company is down 6% as fourth quarter sales missed expectations and first quarter estimates were below expectations. The main culprit is ad spending which is the first and easiest way for many corporations to cut costs in a down turn.
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