Jim Cramer expressed optimism about Abbott Laboratories following a favorable jury verdict in a significant court case, which alleviates some litigation concerns surrounding its infant formula. The company, facing over a thousand claims related to necrotizing enterocolitis, saw its shares rise 4.61% after the jury found it not liable in the second trial. Cramer highlighted Abbott's strong fundamentals and core businesses, particularly in medical devices, and noted that the ruling could enhance Abbott's position in future cases and potential settlements.
CVS Health is discontinuing certain infusion services through its Coram business and plans to close or sell 29 pharmacies, citing industry challenges. The company has stopped accepting new patients for specific therapies and may lay off employees as part of this reduction. Despite being a top provider in the infusion market, CVS faces ongoing labor shortages and high operational costs.
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