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While emergency officials scramble to restore power to homes and businesses throughout the hurricane-ravaged Galveston, Texas-area, Walgreens has reopened it store in the midst of the city to provide much-needed supplies and pharmacy services.

CVS to buy Longs Drugs

CVS Caremark acquires Longs Drugs, a California-based chain of 521 stores, for $2.9 billion.

Are $4 generics the future of pharmacy? Perhaps so, as the consumption of generic drugs soars and their costs drop. Wal-Mart, which beat a thorny path to what many pharmacists believe is loss-leader pricing, says $4 was a great move. It is very popular-and good for business.