The Presidential Daily Brief

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    Albertsons Makes Play to Buy Part of Rite Aid

    They’re dividing to conquer. Part of the drugstore chain is already being sold to Walgreens, but Albertsons may pick up the rest of the company, which would create a corporation worth around $24 billion, with revenue of $83 billion. The government previously blocked Rite Aid’s attempt to sell itself entirely to Walgreens. Executives at Rite Aid and Albertsons said they’re joining forces to compete with Amazon and Walmart, both massive players in the online space who have been scaling up and muscling out medium-sized competitors.

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