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☆ New Covid boosters could reach Americans as soon as Thursday – here's what you need to know
▼ + stars: | 2023-09-13 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +9 min

Brian Cassella | Tribune News Service | Getty ImagesA new round of Covid vaccines is finally here in the U.S. Meanwhile, the FDA is still reviewing a third updated vaccine from Novavax for people ages 12 and up. Here's everything you need to know about the updated Covid vaccines, from where to find them, whether you can get them for free and when to get them. The agency's website outlines more specific guidelines for staying up to date on Covid vaccines, which differ depending on age group and risk level. Kroger Americans will soon be able to use the federal website vaccines.gov to find other locations offering the updated Covid shots, according to a CDC spokesperson.

Persons: Brian Cassella, Covid, Biden, Megan Wallace, they've, Brian Snyder, vaccines.gov, Evelyn Twentyman, Will, Moderna's, Twentyman, Taison Bell, Bell, CDC's Wallace, Wallace Organizations: Pfizer, Tribune, Service, U.S, The, Disease Control, Moderna, Food and Drug Administration, CDC, FDA, Walgreens, CNBC, WALGREENS, CVS Albertsons, Kroger, Manufacturers, CVS, University of Virginia Health, Younger Locations: Chatham , Illinois, U.S, Covid, Somerville , Massachusetts

The number of prescription opioid pills shipped in the U.S. in the second half of the 2010s decreased sharply even as a nationwide overdose crisis continued to deepen, according to data released Tuesday. But Mougey pointed out that as prescription drug shipments decreased, illicit opioids — particularly heroin and illegally produced versions of fentanyl — increased. During that time, prescription drugs were the opioids linked to the most deaths in the U.S. The newly released data is the first deep look at what happened with prescription drug shipments later in the 2010s. By the early 2010s, policymakers and doctors were restricting access to prescription opioids.

Persons: ” Peter Mougey, Mougey, Dan Polster, Sackler, Polster, ” Polster Organizations: U.S . Drug, Administration, System, U.S, District, Washington Post, HD Media, Purdue Pharma, Kroger Locations: U.S, ARCOS, Appalachia, Cleveland, West Virginia

Stock prices were mostly higher in Asia on Monday as investors awaited an update on U.S. inflation and China’s latest economic data. The futures for the S&P 500 and Dow were trading higher. That could lead the Federal Reserve and other central banks to keep interest rates higher for longer, which would hurt prices for shares and other investments. On Friday, stocks edged higher on Wall Street, but markets still ended their first losing week in the last three. High interest rates are supposed to slow the economy and hurt the job market, which should ultimately help undercut inflation.

Persons: Zichun Huang, Hong, Hang Seng, Australia's, Kroger, ” Stephen Innes, Brent, Kazuo Ueda Organizations: Dow, Federal Reserve, Economics, Nikkei, U.S, Labor, Dow Jones, Nasdaq, Albertsons, Treasury, Management, New York Mercantile Exchange, Bank of Japan Gov Locations: Asia, Hong Kong, Tokyo, Shanghai, Sydney, Seoul, China

☆ Kroger’s Case for Bagging Albertsons Grows Stronger
▼ + stars: | 2023-09-08 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: albertsons

Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22%, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14%, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09%, to 13,761.53. For the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3%, while the Nasdaq lost 1.9% with both snapping two weeks of gains. After losing 2.9% in two sessions, the S&P 500 technology sector (.SPLRCT) closed higher. The S&P 500 posted 13 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 36 new highs and 229 new lows.

Persons: David Lefkowitz, Lefkowitz, Brendan McDermid, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Sinéad Carew, Chuck Mikolajczak, Gertrude Chavez, Dreyfuss, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: Gilead Sciences, Kroger, Dow, Nasdaq, Index, UBS Global Wealth Management, Dow Jones, Monday's Labor, Apple, New York Stock Exchange, REUTERS, Asset Management, York Fed, Dallas, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: Beijing, New York City, U.S, New York, Bengaluru

☆ Kroger settles opioid case, posts net loss on related charge
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

Kroger logo is displayed in this illustration taken September 5, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 8 (Reuters) - Kroger (KR.N) reported a quarterly net loss on Friday as the U.S. retailer took a $1.4 billion charge related to a nationwide opioid settlement, sending its shares down as much as 3% in premarket trading. Shares of the supermarket chain, which is merging with smaller rival Albertsons (ACI.N) in a $25-billion deal, were down 1.8% in premarket trade, after its quarterly same-store sales missed market expectations. The Cincinnati, Ohio-based company posted a 1% rise in same-store sales for the second quarter. Reporting by Juveria Tabassum and Savyata Mishra; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Juveria Tabassum, Savyata Mishra, Pooja Desai Organizations: Kroger, REUTERS, Albertsons, Walmart, Thomson Locations: U.S, Cincinnati , Ohio

Sept 8 (Reuters) - Kroger (KR.N) on Friday said it would pay up to $1.2 billion to U.S. states and subdivisions and $36 million to Native American tribes to settle the majority of opioid claims brought against the company by the states and Native American Tribes. Reporting by Juveria Tabassum; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Juveria Tabassum, Pooja Desai Organizations: Kroger, Tribes, Thomson Locations: U.S

☆ Kroger Swings to Loss on Opioid Settlement
▼ + stars: | 2023-09-08 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: kroger, kr

☆ Kroger Says Supermarket Sales Are Under Pressure as Shoppers Pull Back
▼ + stars: | 2023-09-08 | by ( Jaewon Kang | Denny Jacob | ) www.wsj.com time to read: 1 min

Persons: Dow Jones Organizations: kroger, kr

All fuel centers and pharmacies associated with the divested stores will remain with the stores and continue to operate. Kroger, based in Cincinnati, Ohio, bid $20 billion for Albertsons. C&S, which was founded in 1918, is a supplier to independent grocery stores, supplying more than 7,500 independent supermarkets, retail chain stores and military bases. It currently runs Grand Union grocery stores and Piggly Wiggly franchise and corporate-owned stores in the Midwest and Carolinas. Shares of Kroger Co., based in Ohio, rose 5% Thursday and Albertsons Cos., based in Idaho, rose 3%.

Persons: Debi Lilly Design, Primo Taglio, Kroger, ” Kroger, Rodney McMullen Organizations: Kroger, Albertsons, S Wholesale Grocers, Waterfront Bistro, Walmart, Amazon, Aldi, Winn, Dixie, Federal Trade Commission, Union, Kroger Co, Albertsons Cos Locations: Cincinnati , Ohio, Midwest, Carolinas, Ohio, Idaho

☆ Stocks making the biggest moves before the bell: Kroger, DocuSign, Snowflake, Adobe and more
▼ + stars: | 2023-09-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts. Planet Labs — The satellite imagery stock slipped 2.6% in premarket trading after delivering a weaker quarterly report than expected on Thursday. DocuSign — The electric signature stock advanced 2.4% premarket on the heels of a stronger-than-expected quarterly report released Thursday. The Wall Street firm said Snowflake is in an advantageous position with "best-in-class growth rates" and is set to benefit from increased demand for artificial intelligence applications. The Wall Street firm cited First Solar's strong growth message during its investors day.

Persons: Kroger, LSEG, DocuSign, Davidson, Snowflake, Mizuho, RH —, Gary Friedman, —, Yun Li, Sarah Min, Jesse Pound, Michelle Fox, Scott Schnipper Organizations: Planet Labs, LSEG, Deutsche Bank, Mizuho, Gilead Sciences, Bank of America Locations: Gilead

☆ Pharma investors should strategize trades around obesity drug offerings, says Grasso Global CEO
▼ + stars: | 2023-09-08 | 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 EmailPharma investors should strategize trades around obesity drug offerings, says Grasso Global CEOSteve Grasso, Grasso Global CEO, joins 'Power Lunch' to discuss how to trade the news of Kroger's opioid settlement, momentum growing in the biotech sector, and how Snowflake could benefit from AI.

Persons: Grasso, Steve Grasso Organizations: Email Pharma, Grasso Global

☆ Kroger will pay up to $1.2 billion to settle most nationwide opioid claims
▼ + stars: | 2023-09-08 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: 1 min

In this photo illustration, the Kroger Company logo is displayed on a smartphone screen. Kroger on Friday said it has agreed to pay $1.2 billion to U.S. states, subdivisions and Native American tribes to settle the majority claims that it fueled the opioid epidemic through lax oversight of its pill sales. That settlement would allow for "full resolution" of all claims on behalf of those parties, Kroger said in a release ahead of its second-quarter earnings. Still, the company said the settlement is not an admission of wrongdoing or liability. "Kroger will continue to vigorously defend against any other claims and lawsuits relating to opioids that the final agreement does not resolve," the company said in the releaseThis is breaking news.

Persons: Kroger Organizations: Kroger Locations: U.S

Chien has won three times on what is now the Epson Tour and twice on the Taiwan LPGA. Former U.S. Women's Open champion Yuka Saso (66) and Charley Hull of England (68) were five shots behind. This is Thompson's final event before the Solheim Cup in Spain on Sept. 22-24. U.S. Women's Open champion Allisen Corpuz had another 72 and missed the cut, along with fellow U.S. Solheim Cup player Cheyenne Knight, who had a 73. Linn Grant of Sweden shot 71 and missed the cut ahead of her Solheim Cup debut.

Persons: —, Chien, “, ”, Ruoning Yin of, Morgane, Ruixin Liu of, Yin, Shanshan Feng, Liu, didn't, Yuka Saso, Charley Hull of, Rose Zhang, Lexi Thompson, Thompson, Allisen Corpuz, Cheyenne Knight, Linn Grant, Perrine Delacour, It’s, ” Delacour, I’m Organizations: CINCINNATI, Kroger, City Championship, Epson, Taiwan LPGA, Games, Kenwood Country Club, KPMG Women's, Former, Women's, Solheim, U.S, Cheyenne Locations: Chien, Taiwan, America, Asia, Ruoning Yin of China, Switzerland, Ruixin Liu of China, China, Former U.S, Charley Hull of England, Spain, Sweden

☆ Kroger settles $1.2 billion opioid claims
▼ + stars: | 2023-09-08 | 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 EmailKroger settles $1.2 billion opioid claimsKroger CEO Rodney McMullen joins 'Squawk on the Street' to discuss the sales miss in its earnings report, Kroger agreeing to pay $1.2 billion in opioid settlement with Native American tribes, and the state of consumer spending on groceries.

Persons: Kroger, Rodney McMullen

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. U.S. Treasury yields edged lower on Friday, helping boost major growth stocks, with Microsoft (MSFT.O) leading gains, up 1.9%, and Meta Platforms (META.O) advancing nearly 1%. The S&P 500 information technology (.SPLRCT) sector rose 0.6% while energy stocks (.SPNY) rose 1.3% to their highest level in over seven months, tracking an uptick in crude prices. Advancing issues outnumbered decliners by a 1.64-to-1 ratio on the NYSE and by a 1.01-to-1 ratio on the Nasdaq. The S&P 500 recorded 13 new 52-week highs and 14 new lows, while the Nasdaq posted 31 new highs and 160 new lows.

Persons: Brendan McDermid, Morgan Stanley, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Gilead Sciences, Kroger, Dow, Nasdaq, Apple, Microsoft, Treasury, Wall, Federal Reserve, Index, Federal, Asset Management, FedWatch, New York Fed, Dallas, Dow Jones, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: New York City, U.S, Beijing, Bengaluru

☆ Kroger Agrees to Pay $1.2 Billion to Settle Opioid Claims
▼ + stars: | 2023-09-08 | by ( Rebecca Robbins | More About Rebecca Robbins | ) www.nytimes.com time to read: +2 min

Background: Pharmacy chains have been settling opioid claims. Three large pharmacy chains that compete with Kroger — Walgreens, CVS Health and Walmart — reached similar settlements last year totaling about $13 billion. The claims against Kroger and its competitors have focused on the role of their pharmacies in flooding communities with legal painkillers. Why It Matters: Opioid settlement money is funding recovery efforts. Kroger said on Friday that the opioid settlement agreement would not impede the merger.

Persons: Kroger, Walmart —, overprescribing, Josh Stein, ”, Harris, Jan Hoffman Organizations: Kroger, Walgreens, CVS Health, Walmart, Rite, Albertsons Locations: Washington State, West Virginia, North Carolina

One of the nation's largest grocery chains is the latest company to agree to settle lawsuits over the U.S. opioid crisis. In a deal announced Friday, the Kroger Co. would pay up to $1.4 billion over 11 years. Kroger currently has stores in 35 states — virtually everywhere save the Northeast, the northern plains and Hawaii. Over the past eight years, prescription drug manufacturers, wholesalers, consultants and pharmacies have proposed or finalized opioid settlements totaling more than $50 billion, including at least 12 others worth more than $1 billion. “Kroger has long served as a leader in combatting opioid abuse and remains committed to patient safety,” the company said.

Persons: Kroger, —, Jayne Conroy, ”, overprescribing, Conroy, “ Kroger, OptumRx Organizations: Kroger, U.S, Supreme, Purdue Pharma, Associated Press, Albertsons, Pharmacy Locations: Hawaii, New Mexico, West Virginia, U.S

☆ Morning Bid: Markets find feet after Apple topples
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +4 min

People walk near an Apple logo outside its store in Shanghai, China September 8, 2023. The stock appeared to stabilize in out-of-hours trade on Friday and Morgan Stanley analysts claimed China's iPhone bans would at most hit Apple revenues by about 4%. The upshot was the rates market calmed a bit - with the odds on another Fed hike in the cycle falling back below 50% despite the red hot jobless claims readout. That helped Treasury yields <US10YT+RR> fall back too, aided by the stock market wobble and an oil price coming off the boil. The stock exchange there halted trading in both securities and derivatives markets due to a black rainstorm warning.

Persons: Aly, Mike Dolan, Apple sideswipe, Morgan Stanley, We've, John Williams, Austan Goolsbee, Lorie Logan, Michael Barr, Mary Daly, Andrew Cawthorne Organizations: Apple, REUTERS, Federal, Huawei, New, Fed, Chicago Fed, Dallas Fed, San Francisco Fed, Kroger Reuters Graphics Reuters, Reuters, Thomson Locations: Shanghai, China, U.S, India, Asia, Hong Kong, United States, New Delhi

☆ Stocks making the biggest moves midday: Kroger, DocuSign, Planet Labs, First Solar and more
▼ + stars: | 2023-09-08 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Kroger earned an adjusted 96 cents per share, beating an LSEG estimate of 91 cents per share. Planet Labs lost an adjusted 14 cents per share on revenue of $53.8 million. Analysts polled by LSEG expected a loss of 8 cents per share on revenue of $54.1 million. DocuSign reported an adjusted 72 cents per share and $688 million in revenue, while analysts polled by LSEG forecast an adjusted 66 cents and $678 million, respectively. First Solar — Shares of the solar panel maker gained 1.4% after Deutsche Bank upgraded the First Solar to buy from hold, citing the company's strong ongoing demand.

Persons: Victor Coleman, Kroger, LSEG, DocuSign, Davidson, Gary Friedman, Gilead, — CNBC's Pia Singh Organizations: Kroger Co, Albertsons Cos Inc, New York Stock Exchange, Hudson Pacific Properties, Hollywood, Avid, Labs, Planet Labs, LSEG, Deutsche Bank, Gilead Sciences, Bank of America Locations: New York City, California

☆ Lookback double feature: Consumer goods names making moves
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLookback double feature: Consumer goods names making movesThe Options Action traders take a look back at their previous calls in consumer goods companies including Hormel and Kroger.

Organizations: Kroger

☆ Kroger and Albertsons sell 400 stores to Piggly Wiggly’s parent company
▼ + stars: | 2023-09-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Kroger and Albertsons are selling roughly 400 stores to Piggly Wiggly’s parent company in an attempt to win antitrust approval for the mega merger between the grocery stores. C&S, a privately held company, operates 500 grocery stores under the Piggly Wiggly and Grand Union banners and is also a major grocery wholesaler. On Friday, Kroger reported $33.85 billion in revenue for the second quarter, slightly under analyst estimates of $34.63 billion. Company executives said part of the quarterly loss related to economic headwinds, organized retail theft and opioid settlement payments. The largest to date is a $26 billion settlement involving several companies that began paying out last year and continues for 18 years.

Persons: New York CNN —, ” Kroger, ”, Mark McGowan, Kroger Organizations: New, New York CNN, New York CNN — Kroger, Albertsons, S Wholesale Grocers, Union, Walmart, Costco, Aldi, ., Kroger Locations: New York, Arizona , California, Colorado, Wyoming, Amazon, Aldi, Dixie, ” State

☆ Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
▼ + stars: | 2023-09-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But it has created risk that customers could turn to retailers known for lower food prices, such as Walmart, Aldi or Dollar General . Kroger reaffirmed its full-year guidance, saying it expects identical sales excluding fuel to range between 1% and 2%. In an earnings release, he said the grocer expects inflation to "continue to decelerate" and expects a tougher backdrop for consumers in the months ahead. Kroger CEO Rodney McMullen said on an earnings call that slowing inflation could lift sales in another way. He said Kroger has stepped up security and added new tech to try to fight crime, but said Kroger expects the theft trends "will continue to be a challenge for the remainder of the year."

Persons: Kroger, Fred Meyer, Ralphs, King Soopers, Gary Millerchip, Rodney McMullen, McMullen, Millerchip Organizations: Kroger, LSEG, Target, Walmart, Aldi, Express, U.S . Bureau of Labor Statistics, Albertsons, S Wholesale Grocers, Grand Union Locations: U.S, Florida, Washington ,

☆ Insider Today: Analyzing Google salaries
▼ + stars: | 2023-09-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, we're taking a deeper look at the leaked Google salary data by looking at pay ranges across various factors. The sheet detailed 2022 base salaries, equity, and bonuses from over 12,000 Google employees in the US. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues. The gap didn't improve among software engineers, as those of Black/African descent had a median base salary $24,500 lower than those of white or European descent. Google employees who identified as being of Black/African descent had a median base salary at least $23,000 below their Asian, White, and Middle Eastern/North African colleagues.

Persons: We've, Tayfun, Rosalie Chan, Hugh Langley, Madison Hoff, Rosalie, Hugh, Madison, Shaw, Ned Davis, Ryan Salame, Salame, Sam Bankman, Tim Cook, Stephen Lam, Sam Altman, Investor Ford Smith, biohacking, Melissa Phillippi, missteps, Goldman Sachs, Sasha Kelemen, Olivia Rodrigo's, Ralph Lauren, —, Joe Jonas, she'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, Google, Google's New, Citadel, Ned Davis Research, Wall, Zen, Apple, Reuters Apple, European Commission, Investor, Leerink Partners, York, Kroger Locations: Wall, Silicon, Madison, Google's New York, Bay, Brooklyn, Manhattan , New York City, USA, China, New York City, San Diego, London, New York

CINCINNATI (AP) — Ruixin Liu of China was still suffering from allergies that forced her to withdraw from the LPGA Tour event last week. Liu said she still didn't have a clear head for the opening round in Cincinnati and has no idea why she played so well. Thompson is having her worst year on the LPGA Tour but still made the Solheim Cup team through the women's world ranking. The LPGA Tour is coming off a week that delivered one of the biggest surprises of the year. She is a six-time winner on the Futures Tour but has never finished in the top 10 on the LPGA Tour in individual play.

Persons: — Ruixin Liu, Liu, Peiyun Chien, Elizabeth Szokol, Dottie Ardina, Linnea Strom, ” Liu, “, ”, Emily Kristine Pedersen of, Charley Hull, Madelene, Jennifer Kupcho, Ally Ewing, Rose Zhang, Lexi Thompson, Thompson, Lydia Ko, Ruoning Yin, Chanettee Wannasaen, I’m, Ardina, ” Ardina Organizations: CINCINNATI, LPGA, Kroger, City, Kenwood Country Club, Portland, Queen City, Solheim, Emily Kristine Pedersen of Denmark, Kenwood, PGA Locations: China, Peiyun, Cincinnati, Spain, Europe, Sweden

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