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The Latest Breaking News from Walgreens

Walgreens 'Helped Fuel' Opioid Crisis in San Francisco, Says Judge

Plus: Americans want to vote on abortion, why the housing crisis has gone national, and more...

Reason

News briefs

Is COVID losing its fangs and becoming more like the flu?

Tribune News Service

Walgreens fueled San Francisco's opioid crisis with thousands of 'suspicious orders,' judge rules

Walgreens helped fuel the opioid epidemic in San Francisco by shipping hundreds of thousands of "suspicious orders" of prescription drugs to its pharmacies, a federal judge ruled Wednesday.

Los Angeles Times

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Judge: Walgreens contributed to San Francisco opioid crisis

A federal judge has ruled that Walgreens can be held responsible for contributing to San Francisco’s opioid crisis for over-dispensing opioids for years without proper oversight and failing to identify and report suspicious orders as required by law

The Independent UK

The toll of pharmacy deserts, FOP leader endorses Bailey and more in your Chicago news roundup

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Chicago Sun-Times

You’ve heard of food deserts. Pharmacy deserts are just as bad.

Even as drug stores increasingly provide more vital services, including COVID-19 tests, contraceptive counseling and wellness visits, communities on the South and West sides have fewer locations than other parts of the city.

Chicago Sun-Times

Man gets 5 years for setting fire to Southwest Side Walgreens amid 2020 looting

Jose Valdovinos pleaded guilty in May, acknowledging he started a fire in a white bucket in the pharmacy area of the store in the 4000 block of West 59th Street. That fire spread, and prosecutors say it led to the collapse of the roof and the closure of the store.

Chicago Sun-Times

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TikTok influencers fearmongering about birth control are playing into the hands of the right

Republicans aren’t stopping at Roe v Wade. They’re coming for all our rights. The last thing we need is ‘hormone coaches’ giving them a helping hand

The Guardian - US

Movement to boycott Walgreens grows after people claim they were denied condoms, birth control

‘Our policies are designed to ensure we meet the needs of our patients and customers while respecting the religious and moral beliefs of our team members,’ Walgreens said in a statement

The Independent UK

NCR Stock Rallies 13% On Veritas Capital Takeover Report

NCR Corporation (NYSE: NCR) stock jumped 12.7% on Tuesday after The Wall Street Journal ("WSJ") reported that the private equity firm — Veritas Capital — is in exclusive talks to buy the consumer transactions software and services company.

Benzinga

Allergan, Teva to pay $54M in San Francisco opioid lawsuit

Opioid makers Allergan and Teva have agreed to pay $54 million in cash and overdose reversal drugs to settle a federal lawsuit brought by San Francisco

The Independent UK

The right and religion: A short history

Most Americans — and most Christians — don't want religious doctrine dominating our laws. So how did we get here?

Salon

RBC Says This Pharmacy Chain Has Health Investments On Track Despite Abandoning Divestiture

RBC Capital Markets lowered the price target on Walgreens Boots Alliance Inc (NASDAQ:WBA) to $42 (10% upside) from $46 and maintained the Sector Perform rating. The analysts say that WBA posted solid fiscal 3Q22 results slightly ahead of their estimates and consensus on steady execution in the U.S. against a difficult comp and continued…

Benzinga

Two children die in space of 24 hours after being left in hot car in the US

The child’s father left the baby in the car before going to work

Evening Standard

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The Independent UK

One-year-old found dead in hot car outside of Walgreens in Georgia

Authorities believe the child was inside the hot car, where temperatures are believed to have exceeded 100 degrees fahrenheit, for several hours

Benzinga

Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

StockNews.com

Buy-Rated Walgreens Could Be a Recession Winner

With analysts forecasting a recession later this year, investors should consider investing in almost recession-proof stocks. To that end, it could be wise to consider investing in drug store operator Walgreens Boots Alliance (WBA) as the demand for drugs remains stable irrespective of the economic conditions. With robust financials and…

Benzinga

RH, Walgreens And 3 Stocks To Watch Heading Into Thursday

Some of the stocks that may grab investor focus today are:

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Chicago Tribune

Walgreens to offer travel benefits for some workers seeking abortions

Walgreens will reimburse many of its workers for travel expenses if they have to venture more than 50 miles for an abortion, the company said Wednesday — a move that follows a U.S. Supreme Court decision last week ending federal protection for abortion.

The Independent UK

Amazon, Rite Aid cap purchase of emergency contraceptives

Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade

The Guardian - US

US pharmacies reportedly set purchase limit on emergency contraception pills

Walmart, CVS and Rite Aid – as well as Amazon – have all set caps on the number of morning-after pills people can purchase

The Guardian - UK

£5bn Boots sale abandoned as potential buyers struggle to raise funds

UK’s biggest chemist to stay with Walgreens Boots Alliance as market turmoil makes debt-funded takeovers difficult

Benzinga

Walgreens Retains Boots Business Ownership Amid Market Instability

Walgreens Boots Alliance Inc (NASDAQ:WBA) has decided to retain its Boots and No7 Beauty Company businesses under its existing ownership. The decision marks the conclusion of the review that began in January. The discussions Walgreens had with potential buyers did not yield expected results as the recent market instability severely impacted the financial availability…

Evening Standard

Walgreens abandons £5 billion Boots sale

Parent company blames global ‘market instability’ for change of heart

The Guardian - US

Group aims to strip Fox News of ad revenue over ‘fueling next insurrection’

Check My Ads targeting news channel website at a time when its prominent hosts are downplaying January 6 insurrection

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