Wintrust Business Minute: Rite Aid stock slides amid bankruptcy reports

Wintrust Business Lunch

English - August 28, 2023 21:52 - ★★★★★ - 8 ratings
Business News Business News wintrust business lunch john williams wgn radio chicago Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Wintrust Business Lunch 8/28/23: Inflation fight, warehouse robot, Pickleball Chicago Open

Next Episode: Wintrust Business Lunch 08/29/23: Job insecurity, adventure park, medical video game

Steve Grzanich has the business news of the day with the Wintrust Business Minute. Rite Aid stock is sliding again amid reports the company is about to file for Chapter 11 bankruptcy. Rite Aid has been facing mounting costs related to opioid trials. The company could eventually close hundreds of stores. It’s unclear how Rite […]

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Rite Aid stock is sliding again amid reports the company is about to file for Chapter 11 bankruptcy. Rite Aid has been facing mounting costs related to opioid trials. The company could eventually close hundreds of stores. It’s unclear how Rite Aid’s bankruptcy might impact Walgreens, but it could send some customers to the Deerfield-based pharmacy chain. Shares in Walgreens are flat so far in Monday trading.

Also, a federal appeals court has revived a lawsuit involving two former McDonald’s employees who claim the company’s hiring practices violated antitrust laws. Listen for more below:

https://serve.castfire.com/audio/4153797/4153797_2023-08-28-215437.64kmono.mp3

Wintrust Business Lunch