The Walgreen Company to acquire British pharmacy chain for $5.27 billion, will keep headquarters in the U.S.
Despite speculation of an overseas move, The Walgreen Company announced Wednesday that it would acquire the rest of British pharmacy chain Alliance Boots — but that it will keep its corporate headquarters in the United States. The Walgreen Company's iconic chain of Walgreens stores is the largest drug retailer chain in America.
The Walgreen Company will pay $5.27 billion in cash in addition to shares to acquire the last portion of Alliance Boots that it did not already own. And while many had pinpointed Walgreens as ripe to take advantage of "tax inversion" and angle for a move overseas, the company announced that it would instead remain based in the Chicago area. According to The New York Times, this is because The Walgreen Company would have had to negotiate a new agreement with Alliance Boots in order to execute an inversion deal, and Alliance Boots was unwilling to do so.
Instead, Walgreens can continue to market itself as America's drugstore — and avoid some of the flack that fleeing for lower taxes might have elicited from the public. In a news release, the company touted its "unique role as an iconic American consumer retail company" and said it "concluded it was not in the best long-term interest of our shareholders to attempt to re-domicile outside the U.S." Kimberly Alters
Only in America: Tennessee officials ask God to spare them 'His coming wrath' over same-sex marriage
Officials in Blount County, Tennessee, considered a resolution asking God to "pass us by in His coming wrath" over the Supreme Court's ruling on same-sex marriage and "not destroy us as He did Sodom and Gomorrah." The resolution pledged that county residents would defy the court ruling. A motion to hear the resolution was rejected by a vote of 10-5, as angry residents booed and yelled, "Cowards!"
Mohamed, 27, was fleeing from Syria on a boat with 50 other people when he woke up one morning to find the boat's engine had fallen off, leaving him and his fellow migrants helplessly adrift at sea. Mohamed, however, was carrying a pair of iPhones he planned to pawn, and when he unwrapped one he realized he had a signal — and a chance to save their lives. He texted his cousin Danya, who lives in Hawaii, and Danya was able to get in touch with the Greek coast guard, who in turn found the refugee boat based on coordinates Mohamed was able to pull up on an app.
While the story is miraculous on many accounts, Mohamed is not the first refugee to find his life depending on the signal of an iPhone:
Data coverage is a lifeline for migrants. Though aid workers stemming the crisis of Syrian migration are yet to officially classify it as such, technology has been recognized by those on the ground as a necessity on par with food and warm clothing. Migrants need phones to help navigate between bus stations once they reach land, aid workers say.
Paul Donohoe, press manager at the International Rescue Committee, said the mobile phone has also become a “fundamental” tool in surviving the harrowing water-crossing from Turkey to Greece, which has claimed almost 3,000 lives in 2015 alone, according to the U.N. Human Rights Council. (Some half a million migrants have tried their luck this year, by the same study.) Donohoe, who recently traveled to Lesbos, said Greek coast guard employees have been overwhelmed with calls from migrants stranded at sea and using the communication service WhatsApp. [The Huffington Post]
— Huffington Post (@HuffingtonPost) October 9, 2015
Earlier this week, Facebook announced it's testing "Reactions," a set of six emoji-based buttons that will allow users the long overdue ability to respond to content in a more emotionally sensitive way. On Friday, USA Today, clearly feeling the buzz around the impending debut, decided to give the emoji a test run on its own front page:
— USA TODAY (@USATODAY) October 9, 2015
That's right, in case you were unsure how to feel about the day's news, Friday's edition of the paper uses the emoji to provide handy emotional cues, like a sad face next to a story about a stabbing, an angry face next to an article about Russia's misdirected missiles, and a big wow face next to an item about Kevin McCarthy's decision to drop out of the race for House speaker.
AdWeek reached out to USA Today Editor-in-Chief David Callaway for a little more information behind the editorial decision:
Was there any concern about these emojis seeming too flippant next to serious content like the stabbing or Syria?
Yes, of course there was discussion about being too flippant.
Whose decision was it to use the emojis? Was there much debate among the editorial team?
My feeling (as editor-in-chief) is that a billion FB users may soon start using these to share stories—all kinds of stories—which of course is Facebook's intention. Social media and its icons are becoming a dominant form of communication in our world. We wanted to show what they would be like if transferred to print. [AdWeek]
"People love lounging in hammocks, and people love soaking in hot tubs, and finally the two have become one," said Andrew Liszewski at Gizmodo. The Hydro Hammock ($1,495) is a sling built for two that holds 50 gallons of hot, bubbling water. A full setup includes a pump, a portable water heater, and all the hardware required to turn the hammock into a hot tub, though you'll need to find a pair of "extremely large and strong trees" to string it up between. If you can afford the whole kit, "you may never feel stressed ever again."
A publisher has apologized for language in a geography textbook, written to meet Texas' pro-American standards, that referred to African slaves as "workers." The parent of a student called attention to the passage, which stated that Africans were brought to this country "to work on agricultural plantations." Publisher McGraw Hill said it would reword the passage.
Two people were shot at Texas Southern University on Friday in the second campus shooting of the day. One student has died while the other is reported to be in stable condition. The attack reportedly took place "at a student housing complex," according to KPRC 2 Houston. Police reportedly have a person of interest in custody.
"It's crazy," the school's associate vice president of communications, Eva Pickens, told The Los Angeles Times. "It's broad daylight."
Students at TSU are not allowed to have firearms on campus and the motive behind the attack is not clear. Earlier Friday morning, one person died and three were wounded at Northern Arizona University in a shooting that stemmed from an argument outside a dorm. Jeva Lange
Seemingly out of options after House Majority Leader Kevin McCarthy (R-Calif.) unexpectedly dropped out of the race for House speaker Thursday, Republicans have been loudly urging Rep. Paul Ryan (R-Wis.) to run, calling him the only potential candidate who would be able to unite the increasingly divided House. Though he politely turned down the offer Thursday, Ryan was forced to double down on his refusal Friday as the pleas for his candidacy reached a fever pitch.