By Naomi Buchanan | November 8, 2023

CVS and Walgreens shares lost ground Wednesday after IAM Healthcare, a subsection of the International Association of Machinists and Aerospace Workers (IAM), launched The Pharmacy Guild, an effort to unite pharmacy workers who are calling for staffing and workload safety standards.

The IAM, which represents 600,000 members, joined industry social media activists to launch the effort, which it said “aims to unite pharmacists and pharmacy technicians to address unsafe staffing levels and dangerously high workloads throughout the industry.”