Category: Walgreen Co

Walgreens Loses Contract With California Over Stance on Abortion Pill

The New York Times – Business:
The state will not renew a multimillion-dollar deal, Gov. Gavin Newsom said, after the chain said it would not distribute mifepristone in 21 states.
JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein

The New York Times – Business:
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
Walgreens Loses Contract With California Over Stance on Abortion Pill

The New York Times – Business:
The state will not renew a multimillion-dollar deal, Gov. Gavin Newsom said, after the chain announced it would stop distributing mifepristone in 21 states.
Investors Fear a Recession Spurred by the Fed’s Inflation Fight

The New York Times – Business:
Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.
Walgreens Faces Blowback for Not Offering Abortion Pill in 21 States

The New York Times – Business:
The chain’s situation shows the complicated legal and reputational landscape that it and its competitors must navigate in the post-Roe era.
Walgreens Says It Won’t Offer the Abortion Pill Mifepristone in Conservative States

The New York Times – Business:
The decision applies to 21 states whose attorneys general threatened Walgreens and other pharmacies with legal action if they dispensed the pill there.
Walgreens Executive Says Shoplifting Threat Was Overstated

The New York Times – Business:
In a call with investors on Thursday, the chief financial officer of Walgreens, James Kehoe, said “maybe we cried too much last year” over theft.
CVS and Walgreens Plan to Offer Abortion Pills Where Abortion Is Legal

The New York Times – Business:
The two chains said they would begin the certification process under a new F.D.A. regulation that will allow retail pharmacies to dispense the prescription pills for the first time.
Abortion Pills Can Now Be Offered at Retail Pharmacies, F.D.A. Says

The New York Times – Business:
Mifepristone, the first of two drugs in medication abortions, previously had to be dispensed only by clinics, doctors or a few mail-order pharmacies. Now, if local drugstores or chains like CVS agree to certain rules, they can provide it.
The Stores That Will Be Open on Thanksgiving and Black Friday 2022

The New York Times – Business:
Many large retailers said they planned to close their doors on Thursday.
Walmart Agrees to Pay $3.1 Billion to Settle Opioid Lawsuits Nationwide

The New York Times – Business:
The money would help pay for addiction treatment and drug education programs in communities across the United States.
CVS and Walgreens Near $10 Billion Deal to Settle Opioid Cases

The New York Times – Business:
The agreement would resolve thousands of lawsuits over the retailers’ role in the addiction crisis. But a large majority of state, local and tribal governments must sign on for it to take effect.