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Shares of Walgreens Boots Alliance (NASDAQ: WBA) soared 20% on Tuesday, as of 2:35 p.m. ET. The beaten-down retail pharmacy rallied on rumors it might get bought out by a private equity firm.
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Wag's was a chain of casual dining (or "family") restaurants owned and operated by Walgreens in the 1970s and 1980s. They were modeled after restaurants like Denny's, Shoney's, and Big Boy in that they were mostly 24-hour establishments specializing in inexpensive fare such as hamburgers and breakfast. The chain was based on smaller restaurants ...
For its part, Walgreens has said it loses more each script it fills for popular GLP-1 drugs, such as Ozempic. The reimbursement pressures can be seen in Walgreens' gross margins over time. Over ...
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