business news in context, analysis with attitude

•  From Fox Business:

"Pharmacy giant Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close."

Still being decided, the story says, is how many stores will be closed and how many could be sold or turned over to creditors."

Rite Aid reportedly has more than $3.3 billion in debt and faces over a thousand federal lawsuits over its alleged role in the opioid epidemic.  The company operates more than 2,330 stores in 17 U.S. states.