Walgreens Boots Alliance WBA, said Wednesday it will pay about
$5 billion as part of a framework to resolve "a substantial majority"
of opioid-related lawsuits with some states and Native American
tribes, according to a securities filing. That includes $4.79 billion
over 15 years to participating states and $154.5 million over
15 years to participating tribes. Walgreens did not admit wrongdoing
or liability. CVS Health Corp. announced a similar agreement earlier
on Wednesday, saying it will pay about $5 billion over the next 10 years.
Walgreens' stock is down 30.5% this year, while the
broader S&P 500 SPX, has declined 19.1%.