Ticker: Mexico sues US gun manufacturers; CVS Health tops 2Q forecasts

The Mexican government sued United States gun manufacturers and distributors Wednesday in U.S. federal court, arguing that negligent and illegal practices have unleashed tremendous bloodshed in Mexico.

The unusual lawsuit was filed in U.S. federal court in Boston. Among those being sued are some of the biggest names in guns, including: Smith & Wesson Brands, Inc.; Barrett Firearms Manufacturing, Inc.; Beretta U.S.A. Corp.; Colt’s Manufacturing Company LLC, and Glock Inc.

Another defendant is Interstate Arms, a Boston-area wholesaler that sells guns from all but one of the named manufacturers to dealers around the U.S.

The manufacturers did not immediately respond to requests for comment.

CVS Health tops 2Q forecasts

Vaccines and a return to normal care levels helped push CVS Health past Wall Street’s second-quarter expectations, but the resurging COVID-19 pandemic is clouding the health care giant’s 2022 expectations.

Chief Financial Officer Shawn Guertin said Wednesday the company always aims for double-digit growth in adjusted earnings per share. But he wouldn’t repeat that goal for next year, given rising COVID-19 cases and falling vaccination rates.

Guertin didn’t offer a specific forecast for 2022 — companies normally don’t this early — but he did say his lower expectations have nothing to do with CVS Health’s core business performance.

In the second quarter, CVS Health earned $2.78 billion, with adjusted earnings totaling $2.42 per share. That topped the average analyst expectation of $2.07 per share, according to FactSet.

from Boston Herald https://ift.tt/3Ad3YL4