Businesses and corporations have been failing left and right under the Biden administration.
The latest is longtime drug store chain Rite Aid which is now preparing to file for bankruptcy.
Shares for Rite Aid have been sliding to the news the drugstore has been preparing to file for chapter 11 bankruptcy.
The Wall Street Journal reported Rite Aid’s bankruptcy filing stems from the corporation facing several opioid lawsuits.
Rite Aid is reportedly preparing to declare chapter 11 bankruptcy, a news outlet reported Friday, citing unnamed sources, a move that would halt lawsuits over allegations the pharmacy chain oversupplied prescription painkillers during a national opioid addiction crisis. pic.twitter.com/D1KgapswwN
— Forbes (@Forbes) August 25, 2023
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