Walgreens will limit online orders of children's fever and pain medicine to six items "to help support availability and avoid excess purchases." At CVS stores, purchases will be limited to two.
CVS would pay about $5 billion and Walgreens more than $5.5 billion, though neither company has admitted wrongdoing. States have until the end of the year to accept the terms of the settlement.
It could amount to the last round of huge settlements after years of litigation over the industry's role in an overdose crisis linked to more than 500,000 deaths in the U.S. over the past two decades.
As the number of people seeking therapy soars during the pandemic, CVS has begun testing a model to offer counseling services in its stores. It hopes to reduce costs for both patients and itself.
Amazon launches an online pharmacy, sending shares of CVS, Walgreens and Rite Aid tumbling. Amazon has pushed to compete with Walmart and major pharmacy chains that have long offered home delivery.
The new policies follow similar moves by a growing number of retailers acting to fill a void left by local, state and federal authorities who have refused to set mandatory policies.
CVS Health on Monday opened a drive-thru coronavirus testing site on the Georgia Tech campus. The launch of the testing site is a joint effort between...