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Walgreens has finally figured out a way to buy Rite Aid -- or about half of it, at least.The pharmacy giant said Tuesday that federal regulators have accepted its .4 billion deal to buy 1,932 Rite Aid stores. That will leave Rite Aid with about 2,600 stores once the deal is finished.The purchase marks the end of a two-years-long fight for Walgreens, which initially tried to buy Rite Aid outright for billion in October 2015.The merger agreement faced intense scrutiny from the start, since it would have left the United States with just two major pharmacy chains: Walgreens and CVS.The agreement was reworked several times over the past few years as Walgreens scaled back the number of stores it intended to purchase. In June, the company tried for a .2 billion deal that would have handed it 2,186 Rite Aid stores.Walgreens recently revised its deal again, said company spokesman Michael Polzin. Polzin said that the waiting period for review by the Federal Trade Commission expired last night at midnight, effectively giving Walgreens the regulatory clearance it needs to move forward.The Rite Aid pharmacies that Walgreens plans to buy will eventually be rebranded as Walgreens stores. But it won't happen all at once.Polzin said the company will begin buying Rite Aids in October, adding that it expects to finish doing so in the spring of 2018.Rite Aid stock was down nearly 7% in premarket trading Tuesday morning -- a change from Monday, when it rose as investors hoped for a better deal.Walgreens stock, meanwhile, was up 2% Tuesday before open. 1572
Video obtained by Fox News shows Speaker Nancy Pelosi inside of a San Francisco salon getting her hair styled amid a citywide restriction on salons from being open during the coronavirus pandemic. While it appears Pelosi and the eSalon may have violated the city’s order on Monday, a spokesperson for Pelosi claimed that the speaker did not violate the city’s mandate.In the video, Pelosi is seen without a mask over her mouth or nose while inside the salon.“The Speaker always wears a mask and complies with local COVID requirements. This business offered for the Speaker to come in on Monday and told her they were allowed by the city to have one customer at a time in the business. The Speaker complied with the rules as presented to her by this establishment," Drew Hammill, deputy chief of staff for Pelosi, told San Francisco’s KTVU.On Tuesday, the city began allowing salons to open for outdoor operations, while continuing to prohibit operations indoors.The salon’s owner Erica Kious told Fox News that she released the video of Pelosi’s visit to show a double standard in California’s plan to reopen amid the pandemic.“It was a slap in the face that she went in, you know, that she feels that she can just go and get her stuff done while no one else can go in, and I can’t work,” Kious told the network. Kious said that the stylists rent a chair at the salon, and work independently. Kious told Fox News that one of the salon's stylists received a message from Pelosi's assistant Sunday to confirm the Monday appointment.The Trump campaign immediately tried to capitalized off of the Fox News report. 1617
WASHINGTON — As President Donald Trump continues to press his argument that the vote was rigged against him, the machinery of government and democracy is moving inexorably toward Joe Biden's presidency.As U.S. District Judge put it this week in throwing out a lawsuit challenging Biden's win in Michigan: "This ship has sailed."Trump has refused to recognize that fact and vows to press on with his challenges. On Wednesday, Trump tweeted a call to "#OVERTURN" the results of the election and has continuously tweeted baseless claims that he was the winner.But Biden is firmly on track to become president Jan. 20, after having won a decisive majority of the electoral vote.As of Tuesday, nearly every state has now certified the results of their elections, a process known as "safe harbor." With Biden's win certified, the electoral college will formally recognize Biden's win on Dec. 14.The Trump campaign and other Republicans continue to file lawsuits attempting to overturn election results on widespread fraud claims. But none of those lawsuits have proved any systematic fraud or consequential error in U.S. voting systems.Trump has also not been helped by the newly-conservative Supreme Court and the hundreds of federal judges that he's appointed. His repeated attempts to personally pressure election officials in Michigan and Georgia into delaying certification also amounted to nothing.Ultimately, Biden will be sworn in on Jan. 20 after receiving 306 electoral college votes — the amount of votes Trump won in his 2016 win over Hillary Clinton, which he has referred to as a landslide win. 1610
VISTA, Calif. (KGTV) There is growing outrage that a man accused of trying to rip a toddler out of his parent's car is out of jail on bail.Peter Kopcak and his fiance Jennifer Lawson were backing out of the Costco parking lot on Hacienda Drive in Vista Saturday afternoon."I just seen out of the corner of my eye this guy running down between the two cars, and I didn't know what he was doing," said Kopcak.The couple said the guy tried to rip their toddler out of his car seat."He opened the car seat back door, reached in and grabbed my kid, she jumped out of the car, left it in reverse, I put it in park. I jumped out, he was trying to grab the car seat and, she pushed him and I just had to take him down," said Kopcak.Kopcak tackled the man to the ground."I took him to the ground and did what I had to do to subdue, a bunch of people, an off duty officer pulled me off the guy and held him down told him to put his hands behind his back," said Kopcak.Sheriff's deputies arrested 37-year-old Adam Glavinic. He's facing charges of felony attempted kidnapping and being under the influence of a controlled substance."I thought he was going to take my kid and I wasn't about to let that happen, I'd do anything I could to stop him cause that's the worst nightmare, just having someone A, touch your kid, B, try to take your kid," said Kopcak.The couple was also upset to learn Glavinic was released from jail on a 0,000 bail Sunday."I couldn't stop crying when I found out, cause he will do this to someone else and who knows if it's a single mom or the husband isn't quick enough, and the guy takes off," said Lawson."I don't understand how he got out so fast. What if he tries to grab another kid or hurt someone else? It boggles my mind," said Kopcak.There's a backlog of out of custody cases due to the pandemic. Glavinic isn't scheduled for arraignment until February. The district attorney's office can't comment specifically on this case, but Chief Deputy District Attorney Rachel Solov says give the system a chance. "Let the investigation be done, let law enforcement get all the information and submit it to the district attorney's office to be evaluated," said Solov.A spokeswoman with the DA's office says they're getting a lot of calls and emails from parents concerned about this case. The case is also generating outrage on social media with a lot of people commenting that bail should be much higher."There are legal mechanisms if the facts and circumstances of a case warrant it to be able to do that, to be able to request a judge to sign an arrest warrant that would increase bail," said Solov.Solov said changes to the bail schedule due to the pandemic would not have affected this case."Those modifications did not at all affect any of those serious or violent offenses such as kidnapping," said Solov.The D.A's office says a prosecutor has been assigned to the case. The San Diego Sheriff's Department sent 10News the following statement Tuesday evening."The San Diego County Sheriff's Department and Vista Sheriff's Station want to reassure our community regarding a case of an attempted kidnapping. It happened on Saturday, September 19th outside a store parking lot on Hacienda Drive.We understand this incident is upsetting for our community members and concerning for parents, guardians and caregivers.This appears to be an isolated incident. Detectives are continuing their investigation and deputies are committed to keeping your families safe.We also hear your concerns regarding the suspect bailing out of jail within 24 hours of his arrest. Everyone has a legal right to bail as guaranteed by our Constitution. Bail is set by the San Diego Superior Court." 3702
WASHINGTON — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. The Labor Department’s report, released Thursday, suggests that companies are still cutting a historically high number of jobs, though the weekly numbers have become less reliable as states have increased their efforts to root out fraudulent claims and process earlier applications that have piled up. For example, California, which accounts for more than one-quarter of aid applications, simply provided the same figure it submitted the previous week. The state had said it would stop accepting jobless claims online so it could tackle a backlog of 600,000 claims. 780