CVS/Caremark Merger Raises Vertical Concerns

Attacks on vertical mergers have been quite rare in recent years, but the FTC, at the urging of several members of Congress, appears to be taking a keen interest in the merger between retail pharmacy chain, CVS, and Caremark, a leading pharmacy benefit manager.  The primary concern appears to be that the merged firm will improperly channel customers to CVS pharmacies, harming competition in the retail pharmacy industry.

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