The District of Columbia’s highest court revived two lawsuits that claim CVS and Walmart are misleading consumers by selling unproven homeopathic products alongside FDA-approved over-the-counter medicines on their store shelves and websites. The District of Columbia Court of Appeals on Thursday reversed lower-court rulings against the nonprofit Center for Inquiry (CFI), which alleged that CVS Pharmacy and Walmart are violating Washington, D.C.’s Consumer Protection Procedures Act by implying that homeopathic remedies and scientifically proven medicine are equally effective alternatives.
Berkshire Hathaway, Exxon Mobil, Walmart, Alibaba Group Holding and American Express are part of The Zacks top Analyst Blog.
The recent bear market has caused concern among some growth investors. Walmart launched its IPO in October 1970 at $16.50 per share. At the time of its 1970 IPO, Walmart operated 38 stores in Arkansas and four nearby states.