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Firefighter Anthony Martinez rates depictions of fires and firefighting scenes in movies and TV shows. He breaks down how a real back draft works in "Backdraft," starring Kurt Russell and Robert De Niro. He explains fire safety in supertall buildings as seen in "Skyscraper," starring Dwayne "The Rock" Johnson; and "The Towering Inferno," starring Steve McQueen, Paul Newman, and Faye Dunaway. He analyzes how vehicle fires are portrayed in "Crash," starring Matt Dillon, Thandiwe Newton, and Sandra Bullock. Finally, he examines the house fires in "End of Watch," starring Jake Gyllenhaal and Michael Peña; and "Ladder 49," starring John Travolta and Joaquin Phoenix.

Persons: Anthony Martinez, Tobey Maguire, Kirsten Dunst, Willem Dafoe, Pete Davidson, Bill Burr, Steve Buscemi, Kurt Russell, Robert De Niro, Dwayne, Johnson, Steve McQueen, Paul Newman, Faye Dunaway, Chuck, Larry, Adam Sandler, Kevin James, Matt Dillon, Thandiwe Newton, Sandra Bullock, Jake Gyllenhaal, Michael Peña, John Travolta, Joaquin Phoenix Organizations: Business Locations: Staten Island

☆ Opinion: What ‘Unfrosted’ reveals about my growing unease about Jerry Seinfeld
▼ + stars: | 2024-05-08 | by ( Gene | ) edition.cnn.com time to read: +6 min

I love “Seinfeld.” As for the actual comedian Jerry Seinfeld, however it’s…complicated. In most of his activities outside his eponymous classic sitcom (1989-1998), Seinfeld bemuses more than amuses me. This ambivalence only obliquely affects my opinion of “Unfrosted,” Seinfeld’s recently-released feature-length Netflix comedy. Still, I’ve always had the disquieting sense of Seinfeld somehow always Getting Away With Something when he pulls off this suave, impeccably creased act. Seinfeld isn’t about unsettling his viewers and I’m in no way suggesting he should be.

Persons: Gene Seymour, —, Seinfeld, Jerry, George, Elaine, Kramer, Gene Seymour Jeremy Freeman, “, Jerry Seinfeld, he’s, I’d, ” Seinfeld’s, Barbie ”, ”, Seinfeld’s, Tony, Tiger, Hugh Grant, Thurl Ravenscroft, Andy Daly, Variety’s Owen Gleiberman, Unfrosted ”, Kyle Dunnigan’s Walter Cronkite, Bill Burr’s, Grant, Melissa McCarthy, James Marsden, Amy Schumer, Christian Slater, Jon Hamm, John Slattery, Larry David, David, don’t, that’s, I’ve, John Mulaney, snags, ” Seinfeld, he’d Organizations: The New York Times, Newsday, Entertainment, The Washington, CNN, Quaker Oats, Bill Burr’s JFK, Seinfeld, Netflix, Twitter Locations: Israel

Learn moreWhen making espresso at home, choosing the best espresso machine can be tricky, and serious espresso drinkers have a reputation for being particular. With its built-in grinder and simplified brewing system, the Café Affetto provides an easy shot of espresso packed with flavor. GE Café Affetto Automatic Espresso Machine This small but all-encompassing automatic espresso machine pumps out brew that's twice the quality of similar machines' while taking up half the counter space. Of course, the quickest and easiest option is a pod machine, like the Nespresso CitiZ Original Espresso Machine. Dylan Ettinger/InsiderThe Café Affetto works as advertised — the built-in grinder and straightforward controls make brewing espresso as easy as pushing a button.

Persons: Affetto, Dylan Ettinger, Read Organizations: Business, GE, Breville, Express, Machine Locations: Jura, Sur

☆ The great YouTube exodus is coming — leaving AI junk and MrBeast to reign supreme
▼ + stars: | 2024-03-12 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +12 min

Read previewWhen MatPat announced he would leave behind his renowned YouTube channel The Game Theorists this year, he also had a prediction: 2024 will be the year we see a mass exodus from the platform. Speaking with the Guardian, he said he'd seen many of his peers reducing how much time they were dedicating to YouTube. AdvertisementJenna Marbles said goodbye to her YouTube channel back in 2020 after criticism over her old content. Hannah Witton / YouTubeScaling up in an AI worldWitton said she's always been aware of the "growth trap" creators can fall into. "I've seen cheap five-second videos of just an AI voice reading a summary of a movie," Tran said.

Persons: —, MatPat, YouTubers, Jenna Marbles, Tyler Oakley, Tanya Burr —, Zoe Sugg, Lilly Singh, Dave Kotinsky, Matthew Patrick, Patrick, Stephanie, Tom Scott, he'd, Zoe Glatt, Glatt, YouTube's, Ollie, He's, Hannah Witton, it's, you've, Witton, she's, we've, Christine Tran, Tran, Emma Chamberlain, Jacopo Raule, That's, It's Organizations: Service, YouTube, Business, Media, Guardian, University of Toronto Locations: Suez, Witton

☆ Kyrsten Sinema’s exit puts the spotlight on the Senate’s shrinking pool of dealmakers
▼ + stars: | 2024-03-08 | by ( Lauren Fox | ) edition.cnn.com time to read: +9 min

For months, the two of them had worked tirelessly alongside Republican Sen. James Lankford of Oklahoma to craft a bipartisan deal on immigration. “The base of each party wants individuals who will fight, but not individuals who will reach across the aisle to get things done,” Republican Sen. Mitt Romney of Utah said. “I’ve seen a shift towards basically really not wanting to do anything,” West Virginia Republican Sen. Shelley Moore Capito said. Last cycle alone saw the retirement of Ohio Republican Sen. Missouri Republican Sen. Roy Blunt, another GOP pragmatist, retired after the 2022 election, replaced by Sen. Eric Schmitt.

Persons: Sen, Kyrsten, Democratic Sen, Chris Murphy, Republican Sen, James Lankford of, Sinema, Murphy, ” Murphy, “, ” Sinema, Donald Trump, Mitt Romney, Joe Manchin, he’d, Romney, Trump, ” Romney, I’ve, ” West Virginia Republican Sen, Shelley Moore Capito, Ohio Republican Sen, Rob Portman, J.D, Vance, Trump . Missouri Republican Sen, Roy Blunt, GOP pragmatist, Eric Schmitt, appropriator Sen, Richard Shelby of, Richard Burr of, Bob Corker, Marsha Blackburn, Anna Moneymaker, we’ve, Lamar Alexander, ”, Tim Kaine, “ We’re, Kari Lake, –, Mark Kelly, ” Corker, Kaine, Todd Young, Thom Tillis, It’s, Brian Schatz, ” Sen, Mark Warner, Nathan Howard, Manchin, John Cornyn of, John Thune of, isn’t Organizations: Democratic, Connecticut, Republican, CNN, Senate, ” West Virginia Republican, Ohio Republican, GOP, Trump . Missouri Republican, Intelligence, Senate Foreign Relations, 118th, Democrat, North Carolina Republican, Getty, America Locations: Arizona, James Lankford of Oklahoma, Utah, Virginia, Ohio, Richard Shelby of Alabama, Richard Burr of North Carolina, Tennessee, Indiana, Hawaii, Washington , DC, John Cornyn of Texas, John Thune of South Dakota, America

It's a tall order for one coffee machine to accomplish multiple brewing methods easily and well. The Spinn Pro Espresso and Coffee Machine does it all in one smart, futuristic-looking machine. It falls into the super-automatic category of espresso machines, similar to another top pick, the Jura Z10 Espresso Machine. During setup, you must pair with the Spinn app: this is the only way to initiate maintenance functions. AdvertisementCleaningSeeing the dry grounds takes getting used to — I was almost tempted to try brewing them in my standard drip coffee machine.

Persons: I'm, Milk frother, I'd, Jaclyn Turner, Spinn, they're, I've Organizations: Business, Machine, Onyx Coffee, Espresso Republic Locations: burr, Jura, United States, Americano

Though one of the most potent and long-running (or at least long-stomping) forces in movies, Godzilla has never before rubbed elbows at the Academy Awards. At the Oscar luncheon, Steven Spielberg warmly greeted Yamazaki and told him he had seen “Godzilla Minus One” three times. But “Godzilla Minus One” returns to the essential nature of Godzilla as a sober symbol of nuclear holocaust and atomic trauma. My intent was to put a spotlight on what Godzilla represented.”In “Godzilla Minus One,” just as WWII is ending, Godzilla is growing. But unlike more broadly blockbuster-styled Godzilla films, “Godzilla Minus One” is rigorously rooted in a Japanese perspective.

Persons: he’s, “, ”, Takashi Yamazaki, —, Yamazaki, Ishirō Honda, Steven Spielberg, ” Yamazaki, ‘, ’, ’ They’ve, “ Oppenheimer, “ Barbie, Christopher Nolan’s, Tomoyuki Tanaka, Raymond Burr, Koichi, Ryunosuke, Robert Oppenheimer’s, Nolan, we’re, Hayao Miyazaki’s, Miyazaki, ‘ Oppenheimer, Jake Coyle Organizations: Academy, Toho, “, Galaxy, U.S ., Pictures, Warner Bros, American Locations: Tokyo , Hong Kong, Paris, San Francisco, Boston, Moscow, London, Hawaii, U.S, Canada, Canadian, Tokyo, Japan, Bikini, Kong, Hiroshima, Nagasaki

NASHVILLE, Tenn. (AP) — A Tennessee city must pay $500,000 as part of a settlement with the American Civil Liberties Union and other groups over an ordinance designed to ban drag performances from taking place on public property, attorneys announced Wednesday. Eventually, a federal judge temporarily blocked Murfreesboro from enforcing the ordinance while the lawsuit proceeded. Photos You Should See View All 15 ImagesOn Wednesday, the ACLU announced the case had reached a settlement. Under the agreement, the city not only agreed to pay $500,000 but also to repeal the ordinance and process any upcoming event permit applications submitted by TEP. “The government has no right to censor LGBTQ+ people and expression," said attorneys for the ACLU, ACLU of Tennessee, Ballard Spahr, and Burr & Forman in a joint statement.

Persons: —, ” TEP, TEP, Ballard Spahr, Burr, Forman Organizations: —, American Civil Liberties Union, Murfreesboro, ACLU Locations: Tenn, Tennessee, Murfreesboro, Nashville

☆ ‘America Is Under Attack’: Inside the Anti-D.E.I. Crusade
▼ + stars: | 2024-01-20 | by ( Nicholas Confessore | ) www.nytimes.com time to read: +44 min

‘America Is Under Attack’: Inside the Anti-D.E.I. “In support of ridding schools of C.R.T., the Right argues that we want nonpolitical education,” Mr. Klingenstein wrote in August 2021. In a 2023 exchange, Dr. Yenor and two associates discussed how to defend Amy Wax, a conservative law professor at the University of Pennsylvania. Dr. Yenor and his allies bristled at the conventions of academic life as overly solicitous toward female and nonwhite students. Samuel Ginn, Claremont donor“The president then told him, ‘Things will change,’” a Claremont fund-raiser wrote to Dr. Yenor and other officials there.

Persons: “ wokeism ”, Chancellor Sharp, Sam Ginn, DeSantis, !, Searle, Scott Yenor's, Alabama Jeff Sessions, peter thiel, thiel, Dan Patrick, Patrick, Texas Long, Claudine Gay, Harvard’s, Trump, Ron DeSantis, Peter Thiel, Heather Mac Donald, ”, Scott Yenor, “, ” Scott Yenor, Claremont, Critics, George Floyd, Donald J, Trump’s, Thomas D, Thomas Klingentstein, ” Mr, Klingenstein, Yenor, Christopher Rufo, fromScott Yenor, Floyd, Mao Zedong’s, Ryan P, Williams, Jack Miller, Ryan Williams, Miller, zealots, Mao Zedong's, ” Claremont, Taube, tothe, Arthur N, Chris Ross, Dockweiler, Elizabeth Ailes, Roger Ailes, Daniel C, Searles, fromChris Ross Ryan, I'd, Dorian Abbot, Mr, Ross, Dr, Amy Wax, Wax, Wax’s, David Azerrad, . Azerrad, fromScott, Azerrad, —, ’, Mac Donald, Mac Donald1 —, fromDavid Azerrad Heather, that's, Thiel —, Thiel’s, bristled, Riffing, Bill Burr, hadn’t, Burr, George W, Bush, ” Tennessee’s, Susan Kaestner, Jeff Sessions, Samuel Ginn, Christopher B, Roberts, Roberts “, Ginn, ” Bowdoin, Thomas Klingenstein, Janet Mills, Mills, ‘, Sarah Huckabee Sanders, Kevin Stitt, he’d, fromThomas, Glenn, sputtered, retool, didn’t, Jim Banks, Banks’s, Banks, Gay, Elise Stefanik Organizations: MIT, Trust, Texas, Claremont, Republicans, Senate, The New York Times, Republican, Claremont Institute, Gov, D.E.I, New, Manhattan Institute, Maine Policy Institute, ”, Texas Public Policy Foundation, Equity, Jack Miller Family, Jack Miller Family Foundation America, Capitol, Freedom Trust, Rupe Foundation, Scaife, Fox News, Massachusetts Institute of Technology, University of Pennsylvania, Hillsdale College, Boise State University, Boise, University of Wisconsin, Eau Claire, Trump, Boise State, University of Tennessee, Arkansas, Alabama, Auburn University, University of Alabama, Auburn, Bowdoin College in, NAS, Bowdoin, Democratic, Mr, Maine Public Radio, American, Association, Maine Department of Education, Indiana Republican, Education, Harvard, New York Republican Locations: Texas, Tennessee, North Carolina, Maine, Montana , Utah , Oklahoma , Texas, South Carolina , Florida, Louisiana, America, defund, Alabama, Tallahassee, Union, California, Florida, Maine , Tennessee, Idaho, New York, Florida , Louisiana, North Carolina , Oklahoma , Tennessee, Wisconsin, Darling, Dallas, Utah, C.R.T, United States, Hillsdale, Eau, India, Boise State, Boise, Manhattan, Canadian, Dixie, Maine —, Bowdoin College in Maine, Colonial America, ”, Maine’s, la, Portland, Northern Maine, Arkansas, Yenor, Indiana, Israel

☆ The pioneering influencer firm Gleam Futures is shutting down its talent-management arm
▼ + stars: | 2024-01-19 | by ( Marta Biino | Lara O'Reilly | ) www.businessinsider.com time to read: +2 min

It's the end of an era: the pioneering influencer agency Gleam Futures has sunset its talent-management arm, the company confirmed to Business Insider. Ad giant Dentsu Aegis acquired a majority stake in Gleam in 2017 and took over as sole owner in 2020. On the talent side, Gleam Futures had been undergoing changes for some time. In 2023, Gleam Futures managers slowly began an exodus toward other UK talent firms, including InterTalent, Insanity, and HLD, bringing their talent with them. The company's website went from showing a roster of over 60 talent in 2022 to just 20 in late 2023.

Persons: Gleam, Dom Smales, Zoe Sugg, Tanya Burr, Melanie Kentish, Gleam's, Julie Chadwick Organizations: Gleam, Business, Gleam Futures, Studios, Dentsu Locations: Gleam

☆ 2 boomers from Chicago who bought homes in Florida share why they're retiring in the Sunshine State — and what they miss about Illinois
▼ + stars: | 2024-01-13 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Two boomers who are moving to Florida for retirement say the state meets their retirement goals. The Illinois to Florida move in particular was one of the largest US migration patterns between 2021 and 2022. Daniel Mehalek, 61Daniel Mehalek, 61, lived in the Chicago area his whole life. Compared to Chicago, he's paying more on flood, homeowner's, and car insurance in Florida, though it's offset by the over $15,000 in Illinois state taxes he won't have to pay when he relocates. "Insurance is a challenge right now, but I still feel like that's a better situation overall than being in Illinois and paying the property and state taxes," Ron said.

Persons: boomer, —, It's, hasn't, Daniel Mehalek, He's, Mehalek, I'm, Florida hasn't, Ron, he's Organizations: Service, Sunshine State, Business, Chicago, Fortune, Boeing, Citadel, Caterpillar, Illinois, Sarasota Locations: Florida, New York , California , New Jersey, Georgia, Illinois, The Illinois, Georgia , Texas, North Carolina, Chicago, Burr, California, Bonita Springs, Naples —, Wisconsin, Sarasota, New Jersey, Tampa Bay

☆ This startup is removing carbon from the air — and here's why JetBlue is backing it
▼ + stars: | 2024-01-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

One of the newest and fastest-growing weapons in the fight against global warming is technology to remove carbon dioxide from the atmosphere, known as direct air capture. Direct air capture is already a growing business, and governments around the world are adding to it, providing tax incentives and grants to help spur the industry forward. Some of the first firms to do it, such as Climeworks and Carbon Capture, use massive fans in the process. Similar to other direct air capture companies, Avnos is benefiting from both government tax credits and direct funding. In addition to JetBlue Ventures, Avnos is backed by Shell Ventures, the Grantham Foundation's Neglected Climate Opportunities Fund and Rusheen Capital Management.

Persons: it's, Will Kain, Avnos, Kain, Amy Burr Organizations: JetBlue Ventures, Avnos, Shell Ventures, Rusheen Capital Management, CNBC PRO Locations: California, Grantham, VCs

☆ I'm a Nespresso guy, and I'm trying to make a latte that's as good as Starbucks. It's not going well.
▼ + stars: | 2023-11-29 | by ( Henry Blodget | ) www.businessinsider.com time to read: +6 min

I love my Nespresso machine, but it makes me sad to throw all those pods away. I love the simplicity and speed of my Nespresso machine. AdvertisementMy marvelous Nespresso machine. So imagine my surprise when, separated from my Nespresso machine by a trip, I got a Starbucks latte and found it… delicious. AdvertisementAnd then she explained the difference — water vs. steam, drip vs. pressure, Italy vs. France, night vs. day, etc.

Persons: —, Henry Blodget, I'm Organizations: Service, milli Locations: Ethiopia, Italy, France

Authorities on Friday identified those missing or killed in a southeast Alaska landslide this week as five family members and their neighbor, a commercial fisherman who made a longshot bid for the state's lone seat in the U.S. House last year. Timothy Heller, 44, and Beth Heller, 36 — plus their children Mara, 16; Derek, 12; and Kara, 11 — were at home Monday night when the landslide struck near the island community of Wrangell. Political Cartoons View All 1265 Images“As a 42-year commercial fisherman I have worn many hats,” he said. The Hellers ran a construction company called Heller High Water, said Tyla Nelson, who described herself as Beth Heller's best friend since high school. “The loss of even one child is a very difficult time, and having an entire family with three students is devastating,” Burr wrote.

Persons: Timothy Heller, Beth Heller, Mara, Derek, Kara, Otto Florschutz, Florschutz's, Don Young, Florschutz, ”, ” Beth Heller, Tyla Nelson, Beth Heller's, Beth, Timothy, Nelson, Nelson sobbed, “, Bill Burr, ” Burr, Aaron Jacobs, Mason Villarma, ” Villarma, ___ Sinco Kelleher, Gene Johnson Organizations: U.S . House, Wrangell ., Alaska Department of Public Safety, Republican, U.S, Rep, Anchorage Daily, Wrangell School, Heller, National Weather Service Locations: Alaska, U.S, Wrangell, Wrangell's Port, Anchorage, Juneau . One, Juneau ., Honolulu, Bellisle, Seattle

☆ The Music in Black American English - The New York Times
▼ + stars: | 2023-11-09 | by ( John Mcwhorter | ) www.nytimes.com time to read: +2 min

Broadway, as always, is giving us lessons on language and its connection to music. The stellar new production of “Purlie Victorious,” not seen on Broadway since 1961, is Exhibit A. If the production discomfited me in any way it was that every 15 minutes I was waiting for someone to start singing. To impersonate the cousin, Purlie enlists an awkward young woman, Lutiebelle, who in the process falls in love with him. The play was written by Ossie Davis, who played the lead in the original production alongside his wife, Ruby Dee, as Lutiebelle.

Persons: “, ”, —, who’s miring, Purlie, Lutiebelle, Ossie Davis, Ruby Dee, Leslie Odom Jr, Aaron Burr, “ Hamilton Organizations: Broadway Locations: Spain, Georgia, American

☆ What if Wine and Cider Had a Baby?
▼ + stars: | 2023-11-02 | by ( Eric Asimov | More About Eric Asimov | ) www.nytimes.com time to read: +1 min

Wine is made by fermenting grapes or other fruit, although apple and pear wines are distinctive enough to have earned their own categories, cider and perry. But a growing number of producers are blurring the styles, blending grape wines and ciders or fermenting grapes and other fruit together, with remarkable delicious results. Some bottles are collaborations between wine and cider specialists, but most who are making these blends are natural winemakers, who tend to be more experimental and adventurous and less bound by industry and market conventions. Andy Brennan, of the superb Aaron Burr Cidery in Wurtsboro, N.Y., makes a wonderfully refreshing blend he calls Appinette by fermenting together farmed apples and traminette, a hybrid wine grape. Scar of the Sea, an excellent wine producer in San Luis Obispo, Calif., blends a different grape with Newtown Pippin apples each year — gamay in 2021 and palomino in ’22.

Persons: Andy Brennan, Aaron Burr Cidery, Newtown Pippin, gamay, palomino Organizations: Calif, Newtown Locations: Wurtsboro, San Luis Obispo, ’

☆ Why Has This 258-Year-Old Mansion Been Left to Fall Apart?
▼ + stars: | 2023-10-27 | by ( Ginia Bellafante | More About Ginia Bellafante | ) www.nytimes.com time to read: +2 min

Since then, millions more have been needed from elected officials to complete the work. The notion that “the board has been lax in passion is the farthest thing from the truth,” Lisa Koenigsberg, an architectural historian and the board’s chair told me. I understand the frustration and the sadness over the building,” she said. The building is the city’s responsibility.” This is a curious response in a place where public-private partnerships make most of our cultural life possible. When the preservation movement took hold in New York in the early 1960s, the goal was to prevent beautiful buildings from being destroyed.

Persons: ” Lisa Koenigsberg, Camilla Huey, Aaron Burr, Theodosia, “, ” Organizations: Parks Department Locations: New York

☆ ‘Old Dads’: Bill Burr’s Bitter Comedy of Fatherhood
▼ + stars: | 2023-10-20 | by ( John Anderson | ) www.wsj.com time to read: +1 min

Bokeem Woodbine, Bill Burr and Katie Aselton Photo: NETFLIXThe shtick of stand-up legend Bill Burr is the comedy of the oppressed—the oppressed in question being middle-aged males in a foreign land, i.e. the 2020s, where they can’t say what they want, smoke where they want, win an argument with a woman or lay claim to the victimhood that seems to give everyone else the upper hand. The Burr persona is angry, ironic and, quite often, hilarious. If you find him offensive, it might be because he’s making fun of you. And you might be him.

Persons: Woodbine, Bill Burr, Katie Aselton, Burr, ” Organizations: NETFLIX

☆ 'Old Dads' translates Bill Burr's standup into a movie, but the practice hasn't aged well
▼ + stars: | 2023-10-20 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

Bill Burr as Jack, Katie Aselton as Leah in "Old Dads." The latter’s kid is an uncontrollable little monster, which doesn’t prevent his mother from defending him by saying things like, “What you’re feeling now is what you’re feeling. Burr’s business partner, Mike Bertolina, told the Hollywood Reporter the movie repackaged Burr’s stand-up “in a narrative format,” which is transparently the case. "Old Dads" debuts on Netflix on Friday. “Old Dads” premieres October 20 on Netflix.

Persons: Woody Allen, Louis C.K, Bill Burr, Ben Tishler, Burr, Jack, Jack Kelly, Allen, Marshall McLuhan, Hall ”, Caitlin Jenner, Katie Aselton, Leah, Michael Moriatis, Connor, Bobby Cannavale, ” Jack, Mike, Bokeem, Rachael Harris, Dave Chappelle, revel, “, ” White, Mike Bertolina, hasn’t Organizations: CNN, Netflix, Hollywood Reporter Locations: Los Angeles

☆ Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation
▼ + stars: | 2023-10-16 | by ( Abinaya V | ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid, which began as a thrift shop in 1962, became the third largest U.S. chain of drugstores in less than two decades with more than 2,000 retail stores in 17 states. Rite Aid had a total debt of $8.60 billion as of June 3, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due in 2025. It said it will transfer employees at underperforming stores that would be closed to other locations where possible. Rite Aid joins several companies, including Mallinckrodt, that have filed for bankruptcy due to lawsuits over the U.S. opioid crisis.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Simon Cameron, Moore, Arun Koyyur Organizations: REUTERS, Rite, U.S, Bankruptcy, District of, Aid, Thomson Locations: New York City , New York, U.S, United States, District of New Jersey, Bengaluru

A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. Rite Aid also said lenders agreed to provide $3.45 billion in new funding to "provide sufficient liquidity" as it embarks on its restructuring plan. During its most recent quarter ended June 3, revenue fell to $5.6 billion, down from $6.01 billion in the year-ago period. Rite Aid Chairman Bruce Bodaken said in a statement, "Jeff is a proven leader with a strong track record of guiding companies through financial restructurings.

Persons: hasn't, Jeffrey Stein, Elizabeth Burr, Bruce Bodaken, Jeff, Stein Organizations: New York City . Rite Aid, Aid, Rite Locations: Brooklyn, New York City, New Jersey

PHILADELPHIA (AP) — Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. The plan will “significantly reduce the company's debt” while helping to “resolve litigation claims in an equitable manner,” Rite Aid said. The Justice Department acted after three whistleblowers who had worked at Rite Aid pharmacies filed a complaint. Earlier this month, Rite Aid notified the New York Stock Exchange that it was not in compliance with listing standards.

Persons: Jeffrey Stein, Elizabeth Burr Organizations: PHILADELPHIA, —, Rite Aid, Aid, Justice Department, The, New York Stock Exchange, U.S . Securities, Exchange Locations: — Major, New Jersey

☆ Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. The bankruptcy process will allow Rite Aid to resolve litigation claims in an "equitable manner", the company said. Rite Aid has appointed Jeffrey Stein as its new CEO and chief restructuring officer, replacing interim CEO Elizabeth Burr. Rite Aid has also reached an in-principle agreement with some of its senior secured noteholders that would significantly reduce its debt. MedImpact will serve as the 'stalking horse bidder' in a court-supervised sale process, Rite Aid said.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Stein, Burr, noteholders, Abinaya Vijayaraghavan, Mariam Sunny, Sriparna Roy, Shweta Agarwal, Pooja Desai Organizations: REUTERS, Rite Aid Corp, U.S, Aid, Walgreens Boots Alliance, CVS Health, MedImpact Healthcare Systems, Solutions, Rite Aid, Bankruptcy, District of, Thomson Locations: New York City , New York, U.S, District of New Jersey, Bengaluru

☆ Rite Aid just filed for bankruptcy and could be closing more of its 2,100 stores
▼ + stars: | 2023-10-16 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Rite Aid filed for bankruptcy in New Jersey on Sunday. AdvertisementAdvertisementRite Aid filed for voluntary Chapter 11 bankruptcy in New Jersey on Sunday — a move that could see the drugstore chain close more of its 2,100 stores. Rite Aid has received a commitment for $3.45 billion in new financing from some of its lenders. AdvertisementAdvertisementIn March, the US Justice Department sued Rite Aid, accusing the company of missing "red flags" when pharmacists filled opioid prescriptions. A company spokesperson told the Wall Street Journal: "We expect to negotiate a resolution of the opioid-related lawsuits with the various parties involved."

Persons: —, Jeffrey S, Stein, Elizabeth Burr Organizations: Service, Aid, US Justice Department, Rite Aid, Wall Street Locations: New Jersey

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

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