Rite Aid Corporation (RAD) News
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RAD News Highlights
- RAD's 30 day story count now stands at 20.
- Over the past 1 day, the trend for RAD's stories per day has been choppy and unclear. It has oscillated between 8 and 12.
- The most mentioned tickers in articles about RAD are DRUG, ALB and BEAT.
Latest RAD News From Around the Web
Below are the latest news stories about RITE AID CORP that investors may wish to consider to help them evaluate RAD as an investment opportunity.
Bankrupt Rite Aid resolves drug supply dispute with McKessonPharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp to ensure that customers' prescriptions will continue to be filled during Rite Aid's bankruptcy, attorneys said on Tuesday. Rite Aid, which filed for Chapter 11 bankruptcy on Sunday night in New Jersey, sued McKesson the following morning, seeking to stop it from terminating a drug supply agreement that accounts for 98% of the pharmacy chain's prescription drug sales. Joshua Sussberg, an attorney for Rite Aid, announced the settlement at a Tuesday court hearing in Trenton, saying that McKesson would continue supplying drugs at least through the end of Rite Aid's bankruptcy case. |
Will More Rite Aid Stores Close? Bankruptcy Restructuring Process BeginsRite Aid plans to close or sell more than 250 stores so far under a court-supervised restructuring process. |
Bankrupt Rite Aid Settles With Drug Supplier McKesson to Avoid Shortages(Bloomberg) -- Rite Aid Corp. resolved a fight with its largest supplier of prescription drugs, McKesson Corp., that the retailer said threatened its ability to continue providing customers with life saving medicines and imperiled its ability to survive bankruptcy.Most Read from BloombergHundreds Dead at Gaza Hospital as Israel, Hamas Trade BlameIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapWill Xi Jinping’s Gamble |
Should You Expect Sales as Rite Aid Files for Bankruptcy?Rite Aid filed for Chapter 11 bankruptcy protection while dealing with losses from opioid-related lawsuits. Other brick-and-mortar retailers have experienced the same fate in recent years. If Rite Aid... |
Rite Aid's bankruptcy plan stirs worries of new 'pharmacy deserts'Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say. The drugstore chain said late Sunday that its voluntary Chapter 11 process will allow it to speed up its plan to close underperforming stores. It said it doesn’t know yet which ones will close, but The Wall Street Journal reported last month that the company has proposed closing 400 to 500 of them. |
Rite Aid Receives Court Approval of "First Day" Motions to Support Business OperationsPHILADELPHIA, October 17, 2023--Rite Aid Corporation (OTC: RADCQ) ("Rite Aid" or the "Company") today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its "First Day" motions related to the Company’s voluntary Chapter 11 petitions filed on October 15, 2023. |
Rite Aid (RAD) Expedites Transformation on Restructuring PlanRite Aid's (RAD) new restructuring plan is likely to reduce debt, strengthen liquidity, accelerate store footprint optimization plan and divest Elixir Solutions to MedImpact. |
Stocks Boosted by Lack of Bad News. Why That May Not Last.Pfizer cuts sales outlook for Covid-19 products, the House heads for another speaker vote as Jordan builds momentum, and other news to start your day. |
7 Options Trades to Profit From a Falling MarketWith the market potentially signaling downside ahead, investors can potentially profit from the red ink with these options trades. |
5 Flying Car Stocks to Sell ImmediatelySmart investors should dump these five flying car stocks as battery technology lags and short sellers lash out at the companies. |