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August 6, 2014
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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

March 25, 2017
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President Trump, House Speaker Paul Ryan (R-Wis.), and other GOP supporters of the failed American Health Care Act cast the vote as a strict with-us-or-against us scenario: Either support this plan or you're stuck with ObamaCare while the White House "agenda moves on" to other issues. More than 30 House Republicans had other ideas.

As The New York Times details in a breakdown of which GOP lawmakers in the lower chamber opposed the AHCA and why, the proposal came under a diversity of criticism from left and right alike — and that's just within the Republican Party. It's a scenario which leads Paul Kane at The Washington Post to observe the rise of a new paradigm of power in the GOP:

[The AHCA's de facto defeat] suggested a new dynamic in which both the right and left flanks of the Republican conference are emboldened to challenge leadership. And that could make each future negotiation more difficult as the issue matrix gets more complicated and the pockets of internal GOP resistance continue to grow, not shrink, in the new era of Trump’s Republican-controlled Washington. ...

This new combination, with Ryan’s right and left flanks willing to buck him and the new president, presents deep concern for the long-term effort to take up the more complicated effort to overhaul the corporate and individual tax codes. [The Washington Post]

Read the rest of his analysis here, and for more context, check out this piece from The Week's own Pascal-Emmanuel Gobry on why the AHCA defeat can be good for the GOP. Bonnie Kristian

March 25, 2017

President Trump reiterated on Twitter Saturday his argument that the health-care system set up by the Affordable Care Act will "explode" of its own accord — after which, he added, Republican lawmakers will successfully pass the replacement plan they could not swing without the added pressure of political explosion.

Trump's tweet echoes his Friday suggestion that the "best thing politically speaking is to let ObamaCare explode" so Democrats are forced to "come to us." Bonnie Kristian

March 25, 2017
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Leaders of the 27 European Union nations that will remain in the organization following the United Kingdom's forthcoming exit met Saturday in Rome on the occasion of the 60-year anniversary of the Treaty of Rome that established the European Economic Community, an EU forerunner. "Europe as a political entity will either be united, or will not be at all," said EU President Donald Tusk. "Only a united Europe can be a sovereign Europe."

The conference adopted the Rome Declaration, a brief statement affirming mutual "pride in the achievements of the European Union," including "common institutions and strong values, a community of peace, freedom, democracy, human rights and the rule of law, a major economic power with unparalleled levels of social protection and welfare."

British Prime Minister Theresa May, who did not attend the meeting in Rome, is expected to begin the formal Brexit process Wednesday by triggering Article 50. For more on how that process will work, see this explainer from The Week. Bonnie Kristian

March 25, 2017
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Two men remain in custody Saturday for questioning in connection to the deadly attack at Westminster Bridge in London on Wednesday. The attacker, a 52-year-old English native born Adrian Russell Ajao but known as Khalid Masood, was fatally shot by police at the scene of the crime.

Police are now investigating whether Masood "acted totally alone inspired by terrorist propaganda, or if others have encouraged, supported, or directed him." The two men currently detained were among 11 people arrested so far; of the others, seven have been released without charges and two women have been released on bail.

Londoners meanwhile have deluged the area where the attack occurred with a veritable sea of flowers. "You will always be in our hearts," said a note from London Mayor Sadiq Khan to Masood's victims. "Londoners will never forget the innocent people who lost their lives." Bonnie Kristian

March 25, 2017

An armed robbery left the Bellagio hotel and casino in Las Vegas in chaos around 3 a.m. Saturday morning, and police have confirmed three suspects were involved in the break-in attempt at a Rolex jewelry store in the casino complex.

Where the story gets weird is in a photo snapped by an eyewitness and posted on Twitter: The image shows what appears to be one of the robbers wearing a rubber pig mask.

Though initial online rumors suggested shots were fired, law enforcement said the would-be robbers were only armed with sledgehammers. One person has been arrested so far. Bonnie Kristian

March 25, 2017
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The Trump administration is ready to move on to addressing tax policy after the downfall of the health-care plan it supported, White House Press Secretary Sean Spicer said Friday. Trump is "disappointed" by the loss, Spicer conceded, but is now motivated by "a desire to do fundamental tax reform, something we haven't seen since 1986," Spicer told Fox News. "The agenda moves on."

Rep. Kevin Brady (R-Texas), chair of the House tax committee, affirmed he is prepared "to work with the administration to get this done." The health-care bill failure "made a big challenge more challenging," he said, "but it's not insurmountable."

Spicer also echoed President Trump's suggestion that ObamaCare will now fail of its own accord, leading to a future replacement project. "Democrats will crawl back once the system fails on its own," he said. "The people that stood with Nancy Pelosi today understand the system is going down and the higher costs are on their shoulders, not ours." Bonnie Kristian

March 25, 2017

The Florida Gators bested the Wisconsin Badgers in a nail-biter 84-83 game of the NCAA basketball tournament's Sweet 16 round late Friday night.

After lagging behind Wisconsin for the first half of the game, the Gators pulled ahead for much of the second half. A concerted comeback by the Badgers produced a tied game with just four seconds left on the overtime clock when Wisconsin's Nigel Hayes scored two points. The game seemed finished — until Florida's Chris Chiozza sprinted down the court to make a running 3-pointer just as the buzzer rang out in Madison Square Garden.

Florida will next face South Carolina on Sunday. Bonnie Kristian

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