The Latest Breaking News from Walgreens

CVS would pay about $5 billion and Walgreens more than $5.5 billion, though neither company has admitted wrongdoing. States have until the end of the year to accept the terms of the settlement.

“Kids can’t cope with pain like adults,” said Gwen Smith, a mom of three from Chicago’s North Side. “It’d be like torture, in a way, to have to witness your child suffering if your local pharmacy doesn’t have what you need.”

Today’s update is a 5-minute read that will brief you on the day’s biggest stories.

Here are some of the reasons why ambitious plans to connect big grocers to small farmers have withered — and what the farmers are doing now.

Theranos founder Elizabeth Holmes walked into her criminal trial in federal court in San Jose in September 2021 charged with 12 counts of fraud in connection with her now-defunct Palo Alto blood-testing startup. Four months later, she walked out guilty on four counts, after a jury found her liable for…

Tentative agreement would bring settlement total from lawsuits against various companies to more than $50bn.

NEW YORK — Walmart agreed to pay $3.1 billion to resolve lawsuits accusing the pharmacy of selling drugs that contributed to the opioid epidemic, but denied the allegations and didn’t admit liability.

Walmart said that the proposed framework "does not include any admission of liability."

Plus: Users surge on decentralized social media platform Mastodon, the fall of city drugstores, and more...