CVS to Split Into Two Companies
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CVS is a big American healthcare company. It has pharmacies and health insurance. Now CVS will split into two companies.
The company is worth $117 billion. This is a big breakup. One company will sell medicine in pharmacies. The other company will sell insurance.
CVS leaders made this big decision this week. They think two smaller companies can work better than one big company.
After the news, CVS shares went down. Shares are small parts of a company that people can buy.
Many people use CVS pharmacies and CVS insurance. This big change can affect many customers in the future.
CVS is one of the biggest healthcare companies in the United States. This breakup is very important business news.
Vocabulary5 words
- healthcare
- help for sick people; doctors and medicine
- insurance
- paying money so a company helps you pay for problems like sickness
- breakup
- when one big thing becomes two or more smaller things
- decision
- a choice someone makes
- shares
- small parts of a company that people can buy
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Quiz
Answer key
1. Split into two companies 2. $117 billion 3. They went down
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
CVS is a big American ____ company.
It has pharmacies and health ____.
Now CVS will ____ into two companies.
The company is worth $117 ____.
One company will sell ____ in pharmacies.
The other company will sell ____.
CVS leaders made this big ____ this week.
After the news, CVS ____ went down.
Many people use CVS pharmacies and CVS ____.
This ____ is very important business news.
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