Diamonds and Dogs

8/3/22

CVS Health (CVS) higher following earnings. The largest US pharmacy chain is up 6% as they beat earnings estimates as rising sales of over-the-counter Covid-19 tests helped its drugstore chain withstand fading demand for vaccines and laboratory diagnostics.

Match (MTCH) not doing so well. The online dating website is down 17% following the sudden departure of its Tinder unit head and a downbeat revenue forecast for the current quarter with a drop in paying subscribers. This is the second departure in three months.

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