RITE AID

The Rite Aid Foundation made a $50,000 donation to the American Red Cross, in order to help those affected by the Northern California wildfires.

The termination came a day before Rite Aid was set to hold a special shareholders meeting at which the company had been urging its shareholders to vote in favor of the merger.

Rite Aid has updated its outlook for fiscal year 2019 — but the new figures don’t include the expected impact of its proposed merger.

To sway investors, Rite Aid sent a letter to shareholders detailing the merits of the proposed merger, along with the company’s recommendation that shareholders should vote in favor of the transaction.

For the first quarter of fiscal year 2019, Rite Aid brought in income of $214.4 million and swung to a net loss of $41.7 million from continuing operations.

Rite Aid announced on Wednesday that, starting July 1, pharmacists at all locations in Idaho will be able to prescribe medications to treat select, common conditions like cold sores, seasonal influenza, strep throat and urinary tract infections, as well as statins for patients with diabetes.

As it looks to gain approval for its proposed merger with Albertsons, Rite Aid issued a letter detailing to shareholders the merits of the transaction.

Rite Aid announced on Friday that it plans to install 100 medication disposal units in select pharmacies over the next year, the latest measure being taken by the retailer as part of its multi-pronged strategy to address drug abuse and misuse in the country.