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CVS pharmacy chain to halt tobacco and cigarette sales

6 February 2014 Last updated at 03:13 GMT

CVS Caremark, one of the largest pharmacy chains in the US, will stop selling cigarettes and other tobacco products, its chief executive has said.

CEO Larry Merlo announced that the company's 7,600 CVS shops in the US will have tobacco products off the shelves by 1 October.

The move will cost the company about $2bn (£1.22bn) in annual revenue but Mr Merlo insists that it is "the right thing to do".

Rajini Vaidyanathan reports from Washington.