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The Latest Breaking News from Rite Aid

Rite Aid Banned from Facial Recognition Tech Over Alleged Bias

Rite Aid banned from using facial recognition due to alleged misidentification of shoplifters. FTC settlement reached, but Rite Aid disagrees with claims.

Top News

US Bans Pharmacy Rite Aid From Facial Recognition Use

Pharmacy group Rite Aid was ordered Tuesday to stop using facial recognition for the next five years by a US regulator, which said the company falsely identified consumers as shoplifters using the technology.

International Business Times

Short Circuit: A Roundup of Recent Federal Court Decisions

Jury experiments, assault weapons, and machine guns.

Reason

Best deals for Veterans this weekend

Annual US holiday falls on a Saturday this year

The Independent UK

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These 27 eye products could lead to infections and vision loss, FDA warns

If you find one of the products in your home you need to dispose of it immediately, the FDA says

The Independent UK

Eyedrops from CVS, Rite Aid and others carry possible infection risk, FDA says

U.S. health regulators are warning consumers not to use more than two dozen varieties of over-the-counter eyedrops due to the risk of infections that could lead to blindness

The Independent UK

The FDA warns consumers to stop using several eyedrop products due to infection risk

Federal health officials issued the alert for six different brands of products after finding bacterial contamination at a manufacturing facility.

WEKU

WBA Stock Jumps On Upgrade, Target Hike. New CEO, 'New Era' Analyst Says

JPMorgan upgraded WBA stock to buy early Monday, expecting Walgreens' new CEO to usher in "a new era" for the Dow Jones pharmacy giant.

Investors Business Daily

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 raises concern about how that might hurt access to medicine and care

The Independent UK

Stock Market Remains Steadfast; Data Analytics Stock Pops On Upgrade

The stock market remained positive with the major indexes all gaining around 1%. Retail stock rises on news it will get added to the S&P 500 Index.

Investors Business Daily

Pharmacy chain Rite Aid files for bankruptcy amid declining sales and opioid lawsuits

Rite Aid said it was arranging for payment of wages and other costs as usual, though some "underperforming" stores among its more than 2,100 pharmacies in 17 states will be closed.

WEKU

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The Independent UK

Major US pharmacy chain Rite Aid files for bankruptcy

Major U.S. pharmacy chain Rite Aid says it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits

StockNews.com

Walgreens Boots Alliance (WBA), CVS Health (CVS), and Rite Aid (RAD): Buy, Hold or Sell?

With rising healthcare spending, the drugstore industry is poised to witness solid growth amid heightened demand. As a result, leading industry players CVS Health (CVS), Walgreens Boots Alliance (WBA), and Rite Aid (RAD) stand to benefit. However, should you Buy, Hold, or Sell these stocks? Keep reading to find out.

The Independent UK

Clock ticking for West Virginia to select leadership for opioid money distribution

West Virginia is finalizing the leadership for a newly created foundation tasked with distributing the lion’s share of the more than $1 billion in opioid lawsuit-settlement money

The Independent UK

West Virginia settles with Kroger, opioid money now tops $1B

West Virginia has settled with Kroger for $68 million over its role in distributing highly addictive prescription painkillers into the U.S. state that has lost more lives to opioid overdoses per capita than any other

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The Independent UK

Justice Department sues Rite Aid for hundreds of thousands of ‘unlawful’ prescriptions at height of opioid crisis

The Justice Department accused the pharmacy giant of ignoring red flags when prescribing opioids

The Guardian - US

US sues Rite Aid for allegedly missing ‘red flags’ in unlawful prescriptions

DoJ alleges pharmacy chain knowingly filled prescriptions that were ‘medically unnecessary’, including opioids

Axios

U.S. government lawsuit accuses Rite Aid of unlawful opioid prescriptions

The DOJ alleges prescriptions were filled despite clear "red flags."

StockNews.com

Rite Aid Shares Jumped 40% Last Week - Buy, Sell, Hold?

Rite Aid (RAD) shares soared last week after the company reported stronger-than-expected first-quarter revenue growth and issued an upbeat sales forecast. However, given the company’s increasing losses and projected interest rate hikes, is it worth buying the stock now? Let’s find out.

The Independent UK

Amazon, Rite Aid cap purchase of emergency contraceptives

Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade

The Guardian - US

US pharmacies reportedly set purchase limit on emergency contraception pills

Walmart, CVS and Rite Aid – as well as Amazon – have all set caps on the number of morning-after pills people can purchase

Benzinga

Effect Of Roe Vs. Wade Ruling - Pharmacies Ration Contraceptive Pills

Major pharmacies like CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Rite Aid Corporation (NYSE:RAD) have put a limit on purchases or deliveries of Plan B and other emergency contraceptive pills, writes Wall Street Journal. The move comes as demand for contraceptive pills spiked following the Supreme Court ruling overturning a constitutional right to abortion. These were in…

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