Walgreens to pay about $5 billion


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%.