Walgreens Pharmacy & Business News

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Report: Wall Street bullish on Walgreens-Rite Aid deal approval

Wall Street investors have faith that the Federal Trade Commission will approve Walgreens Boots Alliance’s proposed acquisition of Rite Aid — and that’s having a positive influence on Walgreens’ stock, according to Crain’s Chicago Business. WBA’s shares have been up 6% this year and up 19% over March 2016, which Morningstar analyst Vishnu Lekraj says is due to “investor optimism that they’re going to be able to close the Rite Aid transaction.” (Crain’s Chicago Business)
 

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Walgreens names new CIO

Walgreens’ latest CIO — who joined the company in 2009 — has previously held posts at Orbitz and Intuit, as well as the Department of Defense.