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Editorial Results (free)

1. Female CEO's pay rose 26% in 2021, but ranks remain small -

NEW YORK (AP) — Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.

Median pay for the women occupying the corner office rose to nearly $16 million, according to the annual survey done by Equilar for The Associated Press. Still, experts say there's much more to be done to improve gender diversity in the corporate ranks and close the pay gap between men and women.

2. Vaccinations, tests give Walgreens a boost in first quarter -

COVID-19 vaccines and testing boosted Walgreens store sales growth to levels not seen in more than two decades, pushing the drugstore chain well above Wall Street expectations for the first quarter.

3. Biden, CEOs, biz leaders meet on COVID-19 vaccine mandates -

WASHINGTON (AP) — President Joe Biden met Wednesday with the CEOs of Walt Disney and Columbia Sportswear, and other business executives and leaders, to discuss  his recently announced vaccine requirement for companies  that employ at least 100 people.

4. Wall Street hits another record; energy stocks, banks gain -

Stocks finished broadly higher on Wall Street Thursday, adding to the gains that helped the market close out its best first half of a year since the dotcom bubble.

The S&P 500 rose 0.5%, marking its sixth straight gain and fourth consecutive record high. The price of U.S. crude oil rose more than 2%, giving a boost to energy companies. Bond yields edged higher and helped lift bank stocks. Health care and communication companies also helped lift the market. The consumer staples sector was the only laggard, weighed down by a pullback in shares of Walgreens Boots Alliance.

5. Walgreens tops fiscal 1Q forecasts as it fights pandemic hit -

Walgreens Boots Alliance lost $308 million in its first fiscal quarter due to a big charge tied to its ownership stake in the drug wholesaler AmerisourceBergen.

The drugstore chain also saw COVID-19 continue to eat away at its business, particularly in the United Kingdom, but the company's overall performance topped Wall Street expectations.

6. Walgreens to sell drug wholesale business for $6.5B -

Walgreens Boots Alliance will sell its pharmaceutical wholesale business to AmerisourceBergen in $6.5 billion cash and stock deal.

Pharmaceutical wholesalers essentially act as middlemen, purchasing drugs from manufacturers and then distributing them to customers like drugstore chains.

7. Stocks fall on Wall Street as coronavirus spreads in Europe -

U.S. stock indexes erased much of their early losses and closed modestly lower Thursday, extending the S&P 500's losing streak to a third day.

The S&P 500 fell 0.2% after having been down 1.4%. Technology, health care and communications stocks accounted for most of the selling, outweighing slight gains in banks and elsewhere in the market.

8. Drugstore chain Walgreens rebounds with $373M profit in 4Q -

COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.

The drugstore chain said Thursday that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.

9. Drugstore chain Walgreens rebounds with $373M 4Q profit -

COVID-19 took another bite out of Walgreens Boots Alliance quarterly numbers but this time left behind better-than-expected earnings.

The drugstore chain said Thursday that it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.

10. Dem report: Postal Service changes delay prescription drugs -

WASHINGTON (AP) — Delivery of mail-order prescription drugs was delayed significantly this summer after the new postmaster general ordered major changes in U.S. Postal Service operations, according to a report released Wednesday by Senate Democrats.

11. Most of Wall Street wilts amid worries on virus, economy -

NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy's recent improvements may be set to fade as coronavirus cases keep climbing.

The S&P 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks whose fortunes are most closely tied to a reopening and strengthening economy. Treasury yields also sank in another sign of increased caution.

12. Walgreens lost $1.7B in 3Q as global pandemic tightened grip -

The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores.

The drugstore chain said Thursday that the rapidly spreading virus took a bite of between $700 million and $750 million from sales, with much of the damage coming from outside the United States.

13. Walgreens dives into primary care with clinic expansion -

Walgreens will squeeze primary care clinics into as many as 700 of its U.S. stores over the next few years in a major expansion of the care it offers customers.

The drugstore chain said Wednesday that it will partner with VillageMD to set up doctor-led clinics that also use nurses, social workers and therapists to provide regular treatment for patients.

14. CVS Health tests self-driving vehicle prescription delivery -

CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month.

The drugstore chain said Thursday that it will partner with the Silicon Valley robotics company Nuro to deliver medicines and other products to customers near a Houston-area store.

15. US stocks jump, oil reverses course as markets exhale -

NEW YORK (AP) — Markets unclenched on Wednesday, and U.S. stocks neared records on hopes that the United States and Iran are backing away from the edge of war.

16. Walgreens begins 2020 much as it ended 2019, on a sour note -

Walgreens is kicking off its year the much as it ended its last, with a big earnings plunge.

The drugstore chain said Wednesday that first-quarter net income dropped nearly 25% in a performance that fell short of Wall Street expectations. Revenue also inched up less than 2% for the drugstore chain, which is going through a cost-cutting program and developing partnerships with other companies to bring in more business.

17. Walgreens to shutter in-store clinics, add Jenny Craig sites -

Walgreens will shutter nearly 40% of the clinics in its stores as the drugstore chain cuts costs and shifts to other businesses it believes will draw more people through its doors.

The company said Monday that it will close 150 Walgreens-run clinics by the end of the year, but it will keep open more than 200 that are run in partnership with health care providers.

18. Walgreens, Google affiliate to launch drone delivery test -

Walgreens and a Google affiliate are testing drone deliveries that can put drugstore products on customer doorsteps minutes after being ordered.

Snacks like Goldfish Crackers or gummy bears as well as aspirin for sick kids will be delivered starting next month in Christiansburg, Virginia, by a 10-pound (4.5-kilogram) drone flying as fast as 70 miles (113 kilometers) per hour, the companies said Thursday.

19. CVS spreads same-day prescription deliveries to 36 states -

CVS Health is expanding same-day prescription deliveries nationwide in the latest push by drugstores to keep customers who don't want to wait and are doing more shopping online.

The drugstore chain says it can deliver medications and other products within a few hours to homes or offices from 6,000 locations. The company started this service, which comes with a fee, in late 2017 in New York and expanded it to several cities last year.

20. Stock waver to a mixed close -

NEW YORK (AP) — Stocks shook off an early slump and wound up little changed on Wall Street as gains for some big tech companies were offset by losses in other sectors.

The S&P 500 index eked out a tiny gain Tuesday, extending a winning streak into a fourth day. Small-company stocks fell.

21. FDA chief calls out Walgreens over tobacco sales to minors -

A top U.S. regulator wants to meet with Walgreens leaders to discuss whether the drugstore chain has a problem with illegal tobacco sales to minors.

Scott Gottlieb of the Food and Drug Administration said Monday Walgreens is a top violator among drugstores that sell tobacco products including cigarettes, smokeless tobacco and e-cigarettes. He says inspectors have found nearly 1,800 instances since 2010 in which one of the company's stores violated the law.

22. Trouble at CVS Health long-term care business weighs heavily -

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of its business while blending in a major acquisition and attempting to change how customers use its stores.

23. Tesla names Oracle's Ellison to board in SEC settlement -

NEW YORK (AP) — Tesla is naming Oracle's Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk.

24. Quiz: Test your knowledge of this year's business news -

2018 was a big year in business news. A trade war heated up between the U.S. and China, Facebook's stock took a face-plant, and two big tech companies reached $1 trillion in value, although that was before this fall's stock market rout. Test your knowledge of this year's notable events in business news with this end-of-year quiz.

25. US stocks dip again following several days of steep losses -

NEW YORK (AP) — Stock prices are moving slightly lower on Wall Street Thursday morning, a day after another big plunge rocked markets around the world.

The benchmark S&P 500 index has slumped more than 5 percent in the last six days and is now 15 percent below the peak it reached in late September. After steady gains through the spring and summer, stocks have slumped in the fall as investors worry that global economic growth is cooling off and that the U.S. could slip into a recession in the next few years.

26. Merger cancellation pushes Rite Aid into uncertain future -

Rite Aid shares plunged Thursday as the company headed into an uncertain future after calling off its merger with the grocer Albertsons.

Analysts and retail insiders questioned the drugstore chain's prospects after it ended a planned takeover by Albertsons before Rite Aid shareholders could vote on it. That vote also faced shaky prospects due to opposition from shareholders and influential proxy advisory firms.

27. Rite Aid, Albertsons call off merger deal ahead of vote -

Rite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.

Shares of the drugstore chain plunged after markets opened Thursday.

28. GE to end more than 100-year run on Dow; Walgreens added -

LOS ANGELES (AP) — General Electric will be dropped from the Dow Jones industrial average next week, ending the conglomerate's more than 100-year run in the 30-company blue chip index.

S&P Dow Jones Indices said Tuesday that GE will be removed from the index before the open of trading next Tuesday. Its slot will go to drugstore chain Walgreens Boots Alliance.

29. US stocks close modestly higher, add to gains from last week -

U.S. stocks closed modestly higher Monday, extending the market's gains from last week.

Technology companies and banks accounted for much of the latest gains, outweighing losses among beverage makers and other consumer goods companies.

30. US stock indexes end choppy day of trading slightly lower -

U.S. stock indexes struggled to find direction Wednesday, ending the choppy day of trading with a loss for the second straight day.

The latest market decline was modest compared with the previous day's steep drop, but both were largely driven by a sell-off in technology stocks. Losses in Amazon, Netflix and other consumer-focused companies also weighed on the market Wednesday. Energy stocks fell in tandem with crude oil prices.

31. Stocks edge higher as a 3-day win streak restores some calm -

NEW YORK (AP) — U.S. stocks rose for the third day in a row Tuesday, led by banks, retailers and technology companies. The rebound over the last few days follows a harrowing drop of more than 10 percent over the previous two weeks.

32. Tech giants lead rally as stocks near records; Amazon surges -

NEW YORK (AP) — Some of the biggest companies in the world had their best day in years Friday as Microsoft and Alphabet soared following strong third-quarter reports, as did online retail giant Amazon. U.S. stocks set more records as their winning streak extended to a seventh week.

33. Walgreens, Rite Aid revise store purchase deal to $4.38B -

Walgreens and Rite Aid have finally devised a combination of the nation's largest and third-largest drugstore chains that will get past antitrust regulators.

The companies said Tuesday that they have Federal Trade Commission clearance for a slimmer version of a store-purchase agreement announced in June. Walgreens will now spend $4.38 billion on 1,932 stores, three distribution centers and inventory.

34. Slight gains in US stocks lift Dow, S&P, Nasdaq to new highs -

Wall Street capped a day of mostly listless trading Tuesday with a slight gain, good enough to lift the major U.S. stock indexes to another set of all-time highs.

Banks, insurers and other financial companies led the gainers. Technology companies also helped lift the market. Health care stocks lagged the most, pulling down insurers, hospital operators and other companies as a Republican effort to repeal President Barack Obama's health care bill appeared to gain momentum. Oil prices fell.

35. US stock indexes slide in early trading; oil rises -

U.S. stock indexes moved lower in early trading Thursday, giving up some of their gains from the day before. Technology stocks were down the most. Utilities, real estate companies and other high-dividend stocks also fell. Banks led the gainers after the Federal Reserve said they can buy back more stock and raise their dividends.

36. Walgreens ends yearslong attempt to buy Rite Aid -

NEW YORK (AP) — Walgreens has ended its takeover pursuit of rival Rite Aid following resistance from U.S. regulators and will instead now buy stores, distribution centers and inventory in a new deal.

37. US stock indexes fall as an afternoon slide accelerates -

Banks led a broad slide in U.S. stocks Wednesday that more than wiped out gains from the day before.

After an early upward turn, the stock market veered into the red by midmorning, the losses accelerating as the day wore on. Basic materials companies, industrials, utilities and energy stocks were among the biggest decliners.

38. US stock indexes move lower in morning trading; oil rises -

Real estate investment trusts led a modest slide for U.S. stocks in morning trading Wednesday. The broad decline wiped out most of the gains from the day before, when the Nasdaq composite index closed at a record high. Trading was quiet in a light week of economic and company news before the New Year's Day holiday weekend.

39. Walgreens, Rite Aid selling 865 stores to Fred's in $9.4B deal -

Walgreens and Rite Aid will sell 865 stores to rival retailer Fred's for $950 million, potentially removing the final roadblock thwarting a tie up between the nation's largest and third-largest drugstore chains.

40. Drugmaker losses pull stocks lower; small-cap surge goes on -

NEW YORK (AP) — Major U.S. stock indexes slipped Friday as drug companies dragged the market lower. Small-company stocks bucked the downward trend and continued to climb, and bond yields rose to their highest level in a year.

41. Walgreens cuts ties to blood-testing company Theranos -

Troubled blood-testing startup Theranos says it will continue serving customers through independent retail locations a day after the nation's largest drugstore chain severed ties with the company.

Walgreens said Sunday that it will immediately close all 40 Theranos Wellness Centers at the drugstore chain's Arizona locations. In January, Walgreens Boots Alliance Inc. told Theranos to stop sending samples collected at its stores to a testing facility that drew regulatory scrutiny over possible patient risks.

42. Walgreens buying Rite Aid, creating drugstore giant -

NEW YORK (AP) — Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.

The deal combines the largest and third-largest U.S. drugstore chains, based on store counts. And it makes one of the world's largest pharmaceutical buyers even bigger at a time when other key health care players like insurers and drugmakers also are expanding through multi-billion dollar deals.

43. Walgreens aims to close about 200 US stores -

Walgreens will shutter about 200 U.S. stores as part of an expanded cost reduction push, but the nation's largest drugstore chain has no plans to shrink in the wake of its combination with European health and beauty retailer Alliance Boots.

44. Walgreens aims to close about 200 US stores -

Walgreens will shutter about 200 U.S. stores as part of an expanded cost reduction push, but the nation's largest drugstore chain has no plans to shrink in the wake of its combination with European health and beauty retailer Alliance Boots.