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Retail store J. Crew announced that it has emerged out of bankruptcy.In May, the apparel and accessories retailer company filed for bankruptcy amid the coronavirus pandemic.On Thursday, the company said it equitized more than .6 billion of debt with Anchorage Capital Group, L.L.C., which is not its majority owner, and it's now well-positioned for long-term growth.Jan Singer, Chief Executive Officer of J. Crew Group, said in the press release that its strategy focuses on three core pillars: delivering a focused selection of products, brand experience, and what it calls frictionless shopping."As a reinvigorated company, we are committed to serving the changing life and style of today's multifaceted consumer and to delivering long term, sustainable results," Singer said in the release.J.Crew Group operates 170 J.Crew retail stores, 142 Madewell stores, and 170 J.Crew Factory stores throughout the nation. 924

President Donald Trump signed two pieces of legislation into law on Wednesday that aim to inform consumers about drug prices.Both measures, the Know the Lowest Price Act and the Patient Right to Know Drug Prices Act, aim to end the drug industry's so-called gag orders of pharmacists, which prevent them from discussing cheaper price options with consumers. These price options include discussing whether a medication may be less expensive if using insurance or paying out-of-pocket.At Wednesday's signing, the President called the gag clauses "unjust" and said the legislation would lower drug prices that are "way out of whack" and "way too high.""It's called the law of supply and demand. They didn't want to have that. But now we have that and it's going to lower drug prices," Trump added.Both the President and Health and Human Services Secretary Alex Azar said at the signing that they expect further regulatory action on reducing drug prices in the coming months.Some states and municipalities have pharmacy gag order bans, but the Patient Right to Know Drug Prices Act, sponsored by Maine Republican Sen. Susan Collins, addresses banning the practice of gag orders on a federal level. The Know the Lowest Price Act, sponsored by Michigan Democratic Sen. Debbie Stabenow, prohibits Medicare drug plans from putting a gag clause on a pharmacy in their contracts.Collins and Stabenow were present at Wednesday's signing, as well as Tennessee Republican Sen. Lamar Alexander, Louisiana Republican Sen. Bill Cassidy, Deputy Attorney General Rod Rosenstein and National Economic Council Director Larry Kudlow.Some pharmaceutical industry experts say that although eliminating the gag clause is step toward consumer transparency, it doesn't address the issue of lowering actual drug costs, making it unclear how much of a tangible effect the legislation will have.The President has frequently expressed his frustration over rising drug prices, and in May, he laid?out his vision for increasing competition, reducing regulations and changing the incentives for all players in the pharmaceutical industry.The administration released a 44-page blueprint of the plan, entitled American Patients First, aiming to increase competition and improve the negotiation of drug prices, as well as reduce consumers' out-of-pocket spending on medicines and create incentives to lower list prices.Ending the pharmacy gag orders was included the plan, as well as speeding up the approval of over-the-counter medications and asking the Food and Drug Administration to require manufacturers to include prices in their TV ads.A gag order on a pharmacy is frequently brought on by clauses in contracts with pharmaceutical benefit managers, which manage most of our nation's prescription drug programs. The benefit managers negotiate prices with drug companies on behalf of insurance companies and other payers and then share those prices to retail pharmacies. They also negotiate rebates from manufacturers and discounts from drugstores. If pharmacists violate the gag rule, they risk losing their contract with the pharmaceutical benefit manager.Daniel Nam, executive director of federal programs at America's Health Insurance Plans, told Kaiser Health News that gag orders on pharmacies are becoming less frequent because these clauses are "not something they are incorporating into their contracts."Mark Merritt, president and CEO of a lobbying group for pharmaceutical benefit managers, the Pharmaceutical Care Management Association, told the publication that these clauses are "very much an outlier." 3635

President Donald Trump’s supporters have seized on a photo circulating on Twitter since late Sunday that shows Democratic presidential nominee Joe Biden not wearing a mask while he talks to a campaign staffer on a plane. Why wasn’t Biden, who has made a point to put on a facial covering throughout the campaign, wearing a mask? Because the photo was taken in November 2019, before the first case of the new coronavirus was reported, and months before global health officials began urging people to wear masks in order to stop the spread of the virus. 559

RANCHO PENASQUITOS -- A group of residents in Rancho Pe?asquitos is sounding the alarm about a trio of dense developments that could add 1,500 housing units within 1.5 miles of each other.The group, called PQ-NE Action, notes the northwest part of Rancho Pe?asquitos only has one road in and out. They are raising concerns that the road could not handle the influx in the case of an emergency, such as a wildfire evacuation. "We fully understand things are going to change, but not change to a point where the neighborhood becomes threatened from a safety standpoint," said Junaid Razvi, a 40-year resident and spokesman for the group. RELATED: San Diego's top neighborhoods to get more rental space for the moneyCurrently, Lennar is building the 600-unit Pacific Village complex just east of Carmel Mountain Road. Two more could be on the site of the Hotel Karlan, which shut down Dec. 31. The hotel portion of the property could be rebuilt into as many as 370 homes. The Encinitas-area development company that owns it did not respond to requests for comment. Meanwhile, Lennar is proposing to build more than 530 new housing units on the hotel's old golf course.PQ-NE Action is now calling on Councilman Mark Kersey to step in. "They are moving fast on this, and so we would like to see a pause," Razvi said. RELATED: Making it in San Diego: Changing market could mean opportunity for entry-level San Diego homesIn a statement, Kersey said he understands the concerns and hopes the property owners will work with the community to address them.A spokeswoman for Lennar says the company will do exactly that as part of the approval permitting process. 1661

President George W. Bush gave a tearful eulogy to his father, President George H.W. Bush, Wednesday at a state funeral for the 41st president of the United States.The younger Bush choked up as he quoted his father's inaugural address from 1989."In his inaugural address, the 41st President of the United States said this: 'We cannot hope to only leave our children a bigger car, a bigger bank account,'" Bush said. "'We must hope to give them a sense of what it means to be a loyal friend, a loving parent. A citizen who leaves who home, his neighborhood and his town a better place than when he found it. What do we want the men and women who work with us to say when we are no longer there? That we were more driven to succeed than anyone around us, or that we stopped to ask if a sick child had gotten better and stayed a moment there to trade a moment of friendship.'"Photos: State funeral for George H.W. Bush"Well, Dad, we're going to remember you for exactly that and much more," Bush continued. "And we're going to miss you. Your decency, sincerity and kind soul will stay with us forever. So through the tears, let us know the blessing of knowing and loving you, a great and noble man. The best father a son or daughter could have."At this point, Bush stuttered and took a moment to choke back tears."And in our grief, let us smile knowing that dad is hugging Robin and holding Mom's hand again."Robin was George H.W. Bush's second child and first daughter. She died of cancer in 1953 at the age of 3.Watch Bush's eulogy to his father in the player below.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider.  1700

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