Rite Aid Files for Bankruptcy Faced with High Debt and Opioid Lawsuits The debt-laden U.S. drugstore chain Rite Aid has filed for bankruptcy protection, citing its high debt, revenue declines, increased competition, and opioid litigation as contributing factors. The company has also stated that it will be closing underperforming stores, selling its pharmacy benefit company […]
Rite Aid Files for Bankruptcy Faced with High Debt and Opioid Lawsuits The Current State of Rite Aid Rite Aid, one of the largest pharmacy retailers in the United States, has filed for bankruptcy protection due to a combination of factors including high debt, revenue declines, increased competition, and opioid litigation. Founded in 1962, Rite […]
Biden Celebrates Bipartisanship and “Crisis Averted” in Oval Office Address President Biden addressed the nation from the Oval Office on Tuesday evening, celebrating a bipartisan agreement reached in the Senate to raise the debt limit and avert a potential government shutdown. The agreement, which was passed in a 50-48 vote, suspends the debt limit until […]
Kim Zolciak-Biermann, a reality TV star, and her husband Kroy Biermann recently announced their divorce after nearly 12 years of marriage. According to PEOPLE, their financial problems, including their $1 million unpaid taxes and foreclosure of their Georgia mansion, were factors that contributed to their split. Despite the couple’s financial struggles, some of their friends were […]