New: A daily newsletter defining what matters in business and markets

Stories

Rite Aid and Albertsons cancel merger

A Rite Aid store
Photo: Getty Images

Pharmacy chain Rite Aid and grocery chain Albertsons are no longer looking to join forces, Reuters reports.

Between the lines: It's a rare step back from the brink in the health care industry, which is pursuing a spate of high-profile mergers in part due to fears that Amazon will soon be a competitor.

More stories loading.