Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain announced quarterly earnings Thursday morning that fell short of Wall Street expectations. Walgreens’ stock price dropped 22% on the day. In an interview with CNBC, CEO Tim Wentworth said the company now forecasts weaker consumer ...
A jury in U.S. District Court ordered the NFL to pay nearly $4.8 billion in damages Thursday after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service. The jury awarded $4.7 billion in damages to the residential class and $96 million in damages to the commercial class. The lawsuit covered 2.4 ...
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made up 9.7% of all viewership on connected and traditional TVs ...
The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs for certain older Americans enrolled in Medicare. President Joe Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024. A provision of Biden’s Inflation Reduction Act requires drugmakers to pay rebates to Medicare, the federal health program ...
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain on Thursday morning announced quarterly earnings that fell short of Wall Street expectations. Walgreens’ stock price dropped 22% on the day. In an interview with CNBC, CEO Tim Wentworth said the company now forecasts weaker ...
France’s snap parliamentary election is one of the most momentous in decades, for both the country and the rest of Europe. Within two weeks, France could have a hard-left or hard-right government – or descend into political deadlock if no bloc wins a majority, leaving Paris hamstrung as problems mount at home and abroad. The election will take place over ...
WikiLeaks founder Julian Assange will take a dip in the sea, get some proper rest and try much-missed food as “a free man,” his wife has revealed, a day after the Australian landed home after striking a remarkable plea deal with US prosecutors. The 52-year-old on Monday left the British prison from where he had been fighting against extradition to ...
San Diego’s newest giant pandas are en route from China to California, according to Chinese state media – marking the first time Beijing has granted new panda loans to the United States in two decades. The two pandas, Yun Chuan and Xin Bao, left the Bifengxia base of the China Conservation and Research Center for the Giant Panda in Sichuan ...
International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Thai banks have now become the main source through which the Myanmar military is buying weapons and military supplies – including parts for helicopter gunships – used to support its ...
Washington was released on bail and transferred to the Kadena US Air Base in Okinawa for custody, according to a government spokesperson. His trial will begin July 12, according to the Naha District Court spokesperson. The prosecution comes at a time when Washington and Tokyo are deepening their military alliance – in part as geopolitical tensions rise with both China ...