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President Barack Obama joins Macklemore to raise awareness around prescription drug addiction

BY Michael Johnsen
WASHINGTON – President Barack Obama on Saturday joined Grammy Award-winning artist Macklemore to discuss opioid addiction. Macklemore opened up about his own experience, his life in recovery and the loss of a friend who overdosed on prescription drugs at a young age – emphasizing that substance use disorder affects people from all walks of life.
 
And Obama shared with the public what his administration and Congress are doing to help address the issue. "I’ve asked Congress to expand access to recovery services and to give first responders the tools they need to treat overdoses before it’s too late," Obama said. "This week, the House passed several bills about opioids – but unless they also make actual investments in more treatment, it won’t get Americans the help they need," he said. "When we talk about opioid abuse as the public health problem it is, more people will seek the help they need.  More people will find the strength to recover, just like Macklemore and millions of Americans have."
 
Last month, Obama signed into law the Ensuring Patient Access and Effective Drug Enforcement Act of 2016 that was advocated by the National Association of Chain Drug Stores and other industry groups. The bill seeks to advance collaboration among health and enforcement authorities to achieve drug abuse solutions that maintain patients’ legitimate access to medications.
 
“This new law is one part of the culture change that needs to occur to make possible a nuanced approach to this complex issue. We appreciate the President’s signing this bill into law," stated Steven Anderson, NACDS president and CEO. NACDS has noted that the new law is highly consistent with public attitudes. In an opinion study commissioned by NACDS last summer, likely voters who were engaged and aware when it comes to current events indicated through their responses an appreciation for the need to address drug abuse and drug access in a complementary manner.
 
Nearly 8-in-10 respondents agreed with the statement: “Pharmacies have a dual role when it comes to battling prescription drug abuse: They have to be part of the solution by working with law enforcement officials to stop prescription drug abuse, but they also have to maintain their responsibilities to patients by making sure they receive the medications they legitimately need.”
 
 
 
 

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Amazon’s higher prices are an opportunity for Target, Walmart

BY Gina Acosta

LAS VEGAS — Target and Walmart’s beverage and breakfast product pricing is significantly cheaper than Amazon's, according to a new study.

Research conducted by Boomerang Commerce and presented at Shoptalk Monday in Las Vegas suggests that Target and Walmart could lure customers away from Amazon by expanding their assortments of pantry goods — such as canned food, snacks and other non-perishables — while maintaining competitive pricing.

“Amazon has cultivated a reputation for being a low-price leader, but Boomerang Commerce’s analysis exposes key opportunities for other retailers to retain their existing customer base and pull new shoppers away from Amazon,” said Boomerang CEO Guru Hariharan. “This is a significant vulnerability that Amazon’s competitors can exploit right now, particularly in markets where Amazon does not yet have same-day or one-day delivery.”

Key findings from the sample set of data analyzed by Boomerang:

  • For the top 100 beverage items on Target, the identical products on Amazon were 97% more expensive and 93% more expensive on average among Target’s top 100 breakfast items.
  • For the top 100 beverage items on Walmart, the identical products on Amazon were 105% more expensive and 73% more expensive on average among Walmart’s top 100 breakfast items.
  • The average retail price for an item in Amazon’s top 100 beverage items is $23.28. In contrast, the average retail price for an item in Target’s top 100 is $4.13, while the average retail price for an item in Walmart’s top 100 is $6.06. Though the items are not identical across each retailer’s top 100, the findings show that consumers buy higher-end items at Amazon and also pay a higher margin for these grocery goods across the board. Average prices for the respective top 100 breakfast items at Amazon are $13.64, at Target are $7.95 and at Walmart are $6.55.

 

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Executives’ Club of Chicago to name WBA’s Stefano Pessina as 2016 International Executive of the Year

BY Michael Johnsen
CHICAGO – The Executives' Club of Chicago will be awarding Stefano Pessina, CEO Walgreens Boots Alliance, with the 2016 International Executive of the Year Award. 
 
Each year, The Executives’ Club of Chicago honors an individual whose exemplary leadership has resulted in significant contributions to his/her company and to the global business community with the International Executive of the Year Award. Selection considers innovation, position within the industry and personal and corporate modeling of values-based leadership. 
 
The last retailer to be recognized with this award was Michael Duke, former CEO and chairman of the executive committee for Walmart, who was presented with the award in 2014. 
 
Moderating the presentation will be Mark Larson, partner, U.S. Retail and Consumer Leader, KPMG. 
 
The Executives' Club of Chicago is the city's premier membership and networking organization focused on senior executives networking, development and innovation. The Club serves as a platform for executives to build relationships, share ideas, develop new business opportunities and participate in world-class programming. 
 
 
 

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