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Walgreens also said on Thursday it ended a related deal to sell as many as 1,200 Rite Aid stores to Fred's Inc , sending Fred's shares down 20 percent in premarket trading. Rite Aid's shares plunged 22 percent to $3.07, while Walgreens shares were up 5 percent at $81.02. "Walgreens and Rite Aid have taken a pragmatic approach," said Neil Saunders, managing director of market research firm GlobalData Retail.
Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills. Premiums under the Senate bill would average about 30 percent lower in a few years, the nonpartisan Congressional Budget Office said in its analysis this week. Overlooked is that the lower premiums envision a switch to "bronze" plans that now come with a $6,000 individual deductible, much higher than the current standard "silver" plan with a $3,600 deductible.
Oil prices are rising after higher than expected oil inventory numbers. Data from the Energy Information Administration show a slight increase of 0.118 million barrels, compared to Wall Street's expected draw of 2.585 million barrels from the US commercial crude inventories. Click here to watch the price of oil live...