CVS CEO: Working to reduce medical costs to unlock billions in value

• “Being able to reduce those unnecessary [health care] costs, you know, the value created is going to start with a ‘b’ as in billion. That’s the opportunity that’s in front of us,” CVS CEO Larry Merlo says.
• “As we think about this new company [with Aetna], we’re gonna manage it at an enterprise level,” he tells CNBC’s Jim Cramer.
• CVS has added CBD oil products to store shelves in eight states, he says.

CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend...