CVS split and Oracle’s reported Tencent retreat lead Schwab’s closing recap
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Schwab Network reports that CVS plans to split into two listed companies in the first half of 2028, separating roughly 9000 retail pharmacies from Aetna and Caremark. The recap also describes Kraft Heinz’s $650 million coffee-business sale, with a 30% retained stake and about $500 million in expected after-tax proceeds to repay debt. Separately, it cites a Financial Times report that Oracle scrapped an approximately $7 billion, five-year Tencent chip-leasing deal after U.S. pressure.
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