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We've put together everything you need to know about how to watch the Tour de France, including free live streaming options. How to watch Tour de France in the UKThe Tour de France will air daily on ITV4 in the UK, which means that it's available to live stream for free through ITVX. How to watch Tour de France in FranceIn France, the Tour de France will live stream on France.TV. How to watch Tour de France in AustraliaThe Tour de France live streams are free on SBS in Australia. How to watch Tour de France in the USAll stages of the Tour de France will live stream on Peacock in the US.

Persons: We've, Jonas Vingegaard, Tadej Pogacar, Pogacar, Peacock, ExpressVPN Organizations: Business, de France, ITV4, France, SBS, Tour de France, NBC, Olympics Locations: Florence, Italy, France, Nice, Danish, Slovenian, Australia, France.TV

☆ US astronauts had to take shelter after a Russian satellite broke into over 100 pieces near the ISS
▼ + stars: | 2024-06-28 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

US astronauts took shelter on the ISS after a Russian satellite broke up nearby, NASA said. The satellite, RESURS-P1, was decommissioned in 2021 and recently created over 100 pieces of debris. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS astronauts on the International Space Station were told to take shelter for about an hour after a Russian satellite broke up nearby, according to authorities. That's about 1 a.m. for the astronauts, who follow UTC time on the ISS.

Persons: — Organizations: NASA, Service, Space, The National Aeronautics and Space Administration, Business Locations: Russian

☆ Fact check: Sea levels are already rising faster per year than Trump claims they might rise over ‘next 497 years’
▼ + stars: | 2024-06-28 | by ( Daniel Dale | ) edition.cnn.com time to read: +3 min

And he said of Biden: “He said it again last night, that global warming is an existential threat. The global average sea level is currently rising more per year than Trump claimed that people say it will rise “in the next 497 years.”NASA reported in March that the current global average sea level rise in 2023 was 0.17 inches per year, more than double the rate in 1993. And a World Meteorological Organization report this year said the rate of sea level rise between 2014 and 2023 was about 0.19 inches per year. In other words, sea level rise is already more than an eighth of an inch annually – and it is accelerating. In fact, Trump’s claims about sea levels are highly inaccurate for the area near Mar-a-Lago, which is on the Atlantic.

Persons: Donald Trump, Joe Biden’s, ” Trump, Biden, “, Trump, Gary Griggs, Griggs Organizations: CNN, NASA, Meteorological Organization, University of California, Oceanic Locations: Virginia, Santa Cruz, Gulf of Mexico, Trump’s, Florida, Mar

☆ U.S. Soccer ‘deeply disturbed’ by racist abuse directed at men’s national team’s players after loss to Panama at Copa América
▼ + stars: | 2024-06-28 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —U.S. Soccer said it was “deeply disturbed” by the racist abuse directed at two of the men’s national team’s players following it’s surprise 2-1 defeat by Panama at the 2024 Copa América in Atlanta on Thursday. Defender Chris Richards and striker Folarin Balogun posted on their Instagram stories the racist messages they had received over the social media platform. Earlier in June, soccer’s global governing body FIFA reinforced its commitment to fighting online abuse, in particular through its Social Media Protection Service (SMPS). The SMPS is a tool which FIFA says protects individuals in soccer from online abuse by hiding hate speech. Panama players celebrate after beating the US at the Copa América.

Persons: Chris Richards, Folarin Balogun, ”, Meta, –, Richards, Balogun, Striker Tim Weah, César Blackman, José Fajardo, Rich von Biberstein, Adalberto Carrasquilla, Christian Pulisic, Tyler Adams, “, Weah Organizations: CNN, U.S, Soccer, América, national, ” CNN, FIFA, Social Media Protection Service, Panama, Mercedes, Benz, Midway, Copa América, Getty, US, Uruguay, Reuters, Juventus Locations: Panama, Atlanta, Uruguay, Bolivia

☆ The Supreme Court just made it easier for governments to remove unhoused people from public spaces
▼ + stars: | 2024-06-28 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Read previewThe Supreme Court on Friday ruled that it's constitutional for local governments to make it illegal to sleep in public places, even when there isn't sufficient shelter space. The case — City of Grants Pass v. Johnson — is the most consequential the court has decided dealing with homelessness in decades. AdvertisementThe Supreme Court ruled that laws regulating sleeping in public places don't constitute cruel and unusual punishment. Homeless rights activists held a rally outside the U.S. Supreme Court on April 22, 2024, the day the court heard oral argument in City of Grants Pass, Oregon v. Johnson. An increasing number of cities and states across the country have passed laws — often anti-camping ordinances — similar to that in Grants Pass.

Persons: —, Johnson —, Justice Neil Gorsuch, Johnson, California —, Gorsuch, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Kevin Dietsch, Gavin Newsom, Newsom, Ron DeSantis, Jesse Rabinowitz Organizations: Service, Business, Circuit, Homeless, U.S, Supreme, Democratic, California Gov, Gov, National Homelessness Law Center Locations: Grants, Grants Pass , Oregon, Martin v, Boise, California, City, Grants Pass, Oregon, Florida

☆ A Gen Xer relocated from Austin to rural Arkansas thanks to a $16,000 mover incentive that helped pay his mortgage. Now he's enjoying the 'good, hometown living.'
▼ + stars: | 2024-06-28 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Read previewA Papa Johns recently opened in Osceola, Arkansas — and Britt Lorino is thrilled about it. Despite raising their family in Austin, Lorino and his wife decided to settle in Mississippi County because of its mover incentives. Program leaders told BI that they have attracted 80 new homeowners since Work Here, Live Here launched in 2022. Their adult children still live in Austin, and Lorino said his son can't afford a home there. He isn't sure if he and his wife will live in Mississippi County forever, but they plan to stay for several years.

Persons: —, Papa Johns, Osceola , Arkansas —, Britt Lorino, Lorino, It's, everything's, Austin — Organizations: Service, Business, Big, Steel, US Steel, Big River Steel ., Midwest, Osceola Locations: Osceola , Arkansas, Osceola, Memphis, Austin, Mississippi County, Houston, Mississippi, Arkansas, Louisiana, Texas, Rural Mississippi County, there's, . Osceola

☆ While I lived in Panama, my son got 2 summer breaks. Summer vacation is different there than it is in the US.
▼ + stars: | 2024-06-28 | by ( Stephanie Kaloi | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. My partner and I lived there for two years, and during that time, my son would spend one month with us and one month with his dad and stepmother in the States. Related storiesThis schedule created an interesting opportunity for my son, who was about to be 12 when he experienced his first summer in Panama. But summer in Panama brought about new opportunities for hanging out with kids. AdvertisementBy the time summer rolled around in the United States, most Panamanian children were back in the classroom, and the rainy season was rolling in.

Persons: hadn't Organizations: Service, School doesn't, Facebook, Panama didn't Locations: Panama, France, South Africa, Germany, United States

☆ The Boeing saga has reached a new level of absurdity
▼ + stars: | 2024-06-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.

Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, “, that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, ”, Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington

☆ 39-year-old mom earns $200,000 a year without a degree—here's how
▼ + stars: | 2024-06-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

It was a flier for an in-person real estate course. She signed up for classes that afternoon and on Dec. 31, 2009, received her Georgia real estate license in the mail. After deducting business expenses and taxes, Parker earned $200,000 last year from her work as a real estate broker. She didn't start attending real estate classes until Nathan turned 4 and her children were in school full-time. In 2010, her first year working as a real estate agent, Parker made about $50,000 — but by 2014, she doubled her income to $100,000.

Persons: Justine Parker, Parker, Stephen, Brandon, Nathan, bartending —, didn't, I'd, I've, —, Barry Britt Organizations: CNBC, University of Georgia, Craigslist Locations: AskMakeIt@cnbc.com, Georgia, Orange Beach , Alabama, Atlanta

☆ Netflix is the rare company with 2 CEOs. So what happens when they disagree?
▼ + stars: | 2024-06-28 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Netflix co-CEO Greg Peters thinks he and co-CEO Ted Sarandos have got it down. AdvertisementNetflix cofounder Reed Hastings remains board chairman after picking Ted Sarandos and Greg Peters to take over. Ernesto S. Ruscio/Getty Images / Netflix"We disagree, we butt heads, we talk it out," Sarandos told Bloomberg at the time. "So did Reed and I, and so did you (Greg) and Reed (Hastings). They also have guidance when they need it from Netflix cofounder Reed Hastings, who they said is "still in the mix" to give his "counsel and perspective" when they run into disagreements.

Persons: —, Greg Peters, Ted Sarandos, Peters, Sarandos, it's, Warby Parker, Neil Blumenthal, David Gilboa, we've, Reed Hastings, Ernesto S, Reed, Greg, Netflix's, " Peters Organizations: Service, Netflix, Business, Deutsche Bank, SAP, Bloomberg, Reed Locations: Hastings

“People started stealing just to eat… Sick children cannot withstand famine.”Umm Ubaida comforts her daughter, Yasmin, aged 5, in Nasser Hospital, on Tuesday. CNNCNN footage from Nasser Hospital on Tuesday showed another evacuee – five-year-old blood cancer patient Yasmin – squirming in pain, her emaciated limbs sprawled on a teal mattress. Among those are 980 children with cancer – including 250 patients who could face “certain death” – the ministry reported on Friday. Israeli attacks in Gaza have since killed 37,718 Palestinians and injured another 86,377 people, according to Gaza health officials. Brothers Amjad, aged 2, and Ahmad, aged 7, are shown in Nasser Hospital, southern Gaza, before their medical evacuation to Egypt.

Persons: Samira, Saeedi, Jouri, Umm Ubaida, Yasmin, Yasmin – squirming, ”, Tedros Adhanom Ghebreyesus, Karem Shalom, ‘, –, Kamal Adwan, Brothers Amjad, Ahmad, CNN Shadi Mustafa Hussein Yassin, Son, Siraj, “ Organizations: CNN, World Health Organization, WHO, “, Nasser Hospital, CNN CNN, West Bank, Ministry of Health, Kamal, Aqsa Martyrs Hospital Locations: Gaza, Israel, Rafah, Cairo, Egypt, Nasser, Karem, East Jerusalem, –, Hospital, Nuseirat, Al, Aqsa

☆ Ultra-high-net-worth investors are betting on 2 key sectors right now, and both can be purchased as ETFs, according to a global family office
▼ + stars: | 2024-06-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the overly concentrated market that's piled into mega-cap technology stocks, the bulk of gains are still coming from that sector. While some investors fear that part of the market is too rich, they also aren't sure where else to find their gains. "So looking forward, we're somewhat concerned about the concentration right now in the market with the tech sector of the S&P, which is up 15%; the tech sector is up 27%". You want to ensure broad exposure to infrastructure, which means looking for an ETF that holds the sector's biggest names.

Persons: —, Mimi Duff, Duff, we're, it's, there's Organizations: Service, GenTrust's, Business, Infrastructure Investment, Jobs, Dev, Infrastructure, International Energy Agency Locations: York, Washington, Maryland

☆ Carlin Dunne: Four-time Pikes Peak winner’s mom remembers her son on fifth anniversary of his death
▼ + stars: | 2024-06-28 | by ( Don Riddell | ) edition.cnn.com time to read: +11 min

CNN —Romie Gallardo always knew the risks her son Carlin Dunne faced when he raced motorbikes. Carlin Dunne loved anything on two wheels -- BMX, mountain bikes, dirt bikes and street bikes. He was designed to ride that place.”According to his mother, Dunne was born with speed in his blood. I’m not in charge of your happiness and if you’re doing something that makes you happy then that’s all I can really ask for.’”The Pikes Peak International Hill Climb took place over a 12.42 mile course with 156 corners finishing at 14,110 feet at the summit of Pikes Peak. CNN's Don Riddell first interviewed Carlin Dunne just days before his death in 2019.

Persons: CNN — Romie Gallardo, Carlin Dunne, he’d, Dunne, ‘, Rennie Scaysbrook, Dunne hadn’t, Carlin, ” Scaysbrook, “, ”, Suzuki RM50, I’m, ’, Jon Wallace, Jason Chinnock, ” Chinnock, ” Dunne, Anneke Beerten, Beerten, Marcus Boyle, Boyle, Chinnock, Romie Gallardo, Scaysbrook, ’ ”, “ I’ve, it’s, ” Carlin Dunne, Rainier Ehrhardt, Gallardo, Dunne’s, “ That’s, CNN's Don Riddell, me Organizations: CNN, Ducati, Suzuki, Honda, Ascot, North Locations: Colorado, Willow Springs, Los Angeles, Santa Barbara, Montecito, Colorado Springs , Colorado, North America

☆ Americans are obsessed with the economy. Here are the tiny bits Trump and Biden said about Social Security and inflation.
▼ + stars: | 2024-06-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The first presidential debate came and went, and voters gained little additional insight into each candidate's economic visions. The latest Social Security and Medicare Board of Trustees report found that the program will only be able to pay out full benefits for the next 11 years. Trump, on the other hand, said Biden is going to "destroy Social Security" and did not offer any insight into how he might address the program. Save Social Security, don't destroy it." AdvertisementUltimately, the major takeaway from the night was not the candidates' economic stances, despite it being a top issue for voters.

Persons: —, Donald Trump, Joe Biden, Biden, Trump, Nobody's, — Biden Organizations: Service, May's, Business, Biden, Voters, Security, Social Security, Social

☆ San Francisco Fed President Mary Daly: PCE data shows us that monetary policy is working
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSan Francisco Fed President Mary Daly: PCE data shows us that monetary policy is workingSan Francisco Fed President Mary Daly joins 'Squawk Box' at the Aspen Ideas Festival to discuss the new PCE data and what this data suggests about the overall economy. NBCUniversal News Group is the media partner of the Aspen Ideas Festival.

Persons: Mary Daly Organizations: San, Fed, San Francisco Fed, Aspen Ideas, NBCUniversal

☆ The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
▼ + stars: | 2024-06-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The economy is already in a "selective recession," according to JPMorgan's Matthew Boss. The top 10% of American earners have gained more than $30 trillion in wealth since 2020, Fed data shows. AdvertisementThe US economy is being split by a "selective recession," as some consumers see "huge" wealth creation while others struggle to get by, according to JPMorgan analyst Matthew Boss. The equity analyst pointed to the divide between low-income and high-income consumers. High-income consumers are thriving, evidenced by the $40 trillion worth of spending they're driving into the economy, which is around half of all consumer spending in the US, Boss estimated.

Persons: JPMorgan's Matthew Boss, —, Matthew Boss Organizations: Service

☆ EV charging is so bleak in the US that 46% of owners are considering going back to gas-powered cars
▼ + stars: | 2024-06-28 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Read previewIssues with charging has nearly half of electric-vehicle owners in the US considering going back to fossil fuels — the latest bad sign for the EV transition. A recent consumer study conducted by McKinsey found that 46% of US EV owners surveyed were likely to switch back to a gas-powered vehicle, compared to a global average of 29% of EV owners who said they would likely switch back to an internal-combustion engine. Respondents said the top reason for ditching their EVs was a lack of charging infrastructure. Though a push from the automotive industry to fund charging infrastructure has led to a boom in public charging stations in the last two years, these have largely been money-losing ventures. The Biden administration has set aside $7.5 billion for charging infrastructure and has said it would add 500,000 EV charging stations by 2030.

Persons: —, Tesla, Biden Organizations: Service, McKinsey, EV, Business Locations: Australia

☆ A shower just for your dog is the new home status symbol
▼ + stars: | 2024-06-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

While healthcare and food constitute the majority of pet owner expenses, a new trend has emerged: dedicated pet wash stations. Related storiesDepending on the level of luxury, pet wash stations can cost homeowners between $400 and $2,000 to DIY, according to home-maintenance site The Spruce. The materials that will be used in a pet shower being developed by Highland Homes. Therefore, it's not surprising that many are enhancing their appeal by incorporating tailored features like pet wash stations into their builds. AdvertisementA dog spa in a Highland Homes property.

Persons: —, Sanju, Surtani, We've, that's, DINKWAD, homebuilders, it's Organizations: Service, Business, Highland Homes, National Association of Real Estate, Homes, American Pet Products Association, Highland Locations: Highland, Highland Homes

☆ The Supreme Court discards Chevron doctrine, unleashing a threat to Biden's climate policies
▼ + stars: | 2024-06-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The Supreme Court on Friday overturned a decades-long legal precedent that has empowered the federal government to regulate the environment and other issues, unleashing a potential threat to President Joe Biden's climate policies. The court overruled the Chevron doctrine, one of the most important principles guiding federal regulation for the past 40 years. Last year, the Supreme Court significantly narrowed how many wetlands EPA can regulate to keep them clean. How did this case end up at the Supreme Court? They argued the Chevron doctrine injures small businesses and individuals who have little power to influence federal agencies.

Persons: Joe Biden's, Chevron, John Roberts, Joe Biden, Biden, Raimondo, Charles Koch Organizations: Service, Business, Environmental Protection Agency, Republican, Bright Enterprises, Inc, Department of Commerce, Action Institute, Chevron, Appeals, District of Columbia Circuit, National Marine Fisheries Service Locations: Chevron

☆ Delhi, India airport: Terminal 1 roof collapse kills one, injures others
▼ + stars: | 2024-06-28 | by ( Rhea Mogul | Aishwarya S. Iyer | ) edition.cnn.com time to read: +2 min

Delhi Fire Services assistant divisional officer Ravinder Singh said rescuers got to the scene to find two support pillars had collapsed over a car. Photos of the scene released by the fire service showed the large white canopy of the roof had plunged to the ground, crushing several cars. India’s minister of Civil Aviation, Ram Mohan Naidu Kinjarapu, said he was “personally monitoring” the collapse in a statement on X. Parts of the capital territory of Delhi experienced heavy rainfall this week, flooding roads and submerging cars. Earlier this month, at least nine people were killed and dozens of others injured after a cargo train collided with a passenger train in eastern India.

Persons: Ravinder Singh, ” Singh, “, ”, Ram Mohan Naidu Kinjarapu Organizations: New, New Delhi CNN, Indira Gandhi International, Delhi Fire Services, CNN, Civil Aviation Locations: New Delhi, New Delhi’s, Delhi, India, Morbi, Gujarat

☆ JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
▼ + stars: | 2024-06-28 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup and Bank of America made more modest announcements. JPMorgan, the biggest U.S. bank by assets, said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley, a dominant player in wealth management, said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan. Citigroup said it was raising its dividend 5.7% to 56 cents per share and that it would "continue to assess share repurchases" on a quarterly basis. Bank of America said it was increasing its dividend 8% to 26 cents per share.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Morgan Stanley, Dimon Organizations: Bank of America, JPMorgan, Citigroup, Washington , D.C, Federal Reserve Locations: Hart, Washington ,, New York

☆ Crypto company Consensys sued by SEC as regulator continues industrywide crackdown
▼ + stars: | 2024-06-28 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Crypto firm Consensys has been added to the SEC's list of targets, as the regulator continues its industrywide crackdown. "Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities," the court filing alleges. In April, Consensys, which provides blockchain software, tried to preempt the SEC's action with its own lawsuit, alleging overreach on the part of the regulator. The 10-year-old company said its suit followed three subpoenas issued last year, plus a Wells notice from the SEC that claimed Consensys was violating federal securities laws. Consensys said in an emailed statement Friday that the action is part of an "anti-crypto agenda" at the SEC.

Persons: Crypto, Consensys, overreach, Wells Organizations: Securities, Exchange Commission, SEC, Ethereum Locations: Brooklyn , New York, Consensys

“Hard to watch” is how multiple foreign diplomats described Thursday night’s debate between Biden and Trump to CNN. I had difficulties understanding what he was saying, and I understand English pretty well,” said a second European diplomat. Biden’s debate flop was front-page news across Europe, with left- and right-leaning newspapers excoriating the president – even in France, where the country has its own elections coming up this weekend. “There are many options that are discussed, but we don’t see, any that are self-evident,” the first European diplomat said. Moscow’s state TV station, Russia 1, lampooned Biden’s debate performance.

Persons: Joe Biden’s, Donald Trump, Trump, Biden, ”, “ Trump, “, –, Vladimir Putin, Putin, ” Trump, Radek Sikorski, “ Marcus Aurelius, Commudos, didn’t, Kamala, Harris, Trump’s, Volodymyr, Zelensky, Biden pilloried, Joe’Matosed ”, “ Biden, Biden’s, Emmanuel Macron’s, Ansa, Russia’s, Olga Skabeeva laughingly Organizations: CNN, Biden, NATO, Democratic Party, ”, “, strongmen, Arab, Financial Times, Sun, Guardian, Monde, TV Locations: Europe, East, Asia, European, Arab, Asian, France, Russia, Ukraine, Russian, Afghanistan, Polish, California, Israel, British, Atlanta, Greece’s, Italy, Puglia

☆ Russia is losing 1,000 soldiers a day in its relentless 'meat grinder' tactics against Ukraine: report
▼ + stars: | 2024-06-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is sustaining high casualties in attacks in Ukraine, The New York Times reported. Around 1,000 Russian troops a day were killed or wounded, officials told the publication. But Russia is able to recruit new troops to replace the casualties, according to the Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It said Russia's total number of killed or wounded since it launched the invasion in February 2022 now stood at around 500,000.

Persons: — Organizations: The New York Times, Times, Service, Business Locations: Russia, Ukraine, The

☆ Why your local pharmacy may be closing
▼ + stars: | 2024-06-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewThursday's news that Walgreens will close a "significant" number of underperforming stores threw a spotlight on struggles facing the retail pharmacy industry. Related storiesIn short, regardless of which national pharmacy brand you pick, there's a fair chance the location in your neighborhood could close, if it hasn't already. For starters, retail pharmacies make money in two key ways: by dispensing prescription medication and ancillary medical services, and by selling an assortment of merchandise in their "front of house" retail stores. But even if things were going well for Walgreens, Wentworth suggested there would likely still be quite a few closures. "I think most of us knew — when I was in the PBM [pharmacy benefit management] business — I knew that retail pharmacy was largely overbuilt for where the future was going to be."

Persons: —, Tim Wentworth, Wentworth, Manmohan Mahajan, execs, Neil Saunders Organizations: Service, Walgreens, Business, CVS

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