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In its bid to buy Rite Aid, Walgreens has lowered the price it will pay from $9 per shareto $7 or even $6.50, and pushed back its merger deadline to July 31.

Rite Aid stocks fell dramatically today more than 17% to $5.72.

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Data: Money.net; Chart: Andrew Witherspoon / Axios

Walgreens also announced they will sell about a quarter of Rite Aid's stores to sway antitrust regulators to approve the deal — that's anywhere from 1000 to 1200 stores compared to the initial plan to sell no more than 500 stores, according to Bloomberg.

The winner: Fred's Inc., the retailer that already agreed to buy out 865 Rite Aid stores, whose shares are up 10% since the deal was announced in late 2015.

The headache: Barclays analysts point out Walgreens' strategic position will improve little should the merger succeed.

Go deeper

45 mins ago - Politics & Policy

Biden's latest executive order: Buy American

President Joe R. Biden speaks about the economy before signing executive orders in the State Dining Room at the White House on Friday, Jan 22, 2021 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images)

President Joe Biden will continue his flurry of executive orders on Monday, signing a new directive to require the federal government to “buy American” for products and services.

Why it matters: The executive action is yet another attempt by Biden to accomplish goals administratively without waiting for the backing of Congress. The new order echoes Biden's $400 billion campaign pledge to increase government purchases of American goods.

Tech digs in for long domestic terror fight

Illustration: Sarah Grillo/Axios

With domestic extremist networks scrambling to regroup online, experts fear the next attack could come from a radicalized individual — much harder than coordinated mass events for law enforcement and platforms to detect or deter.

The big picture: Companies like Facebook and Twitter stepped up enforcement and their conversations with law enforcement ahead of Inauguration Day. But they'll be tested as the threat rises that impatient lone-wolf attackers will lash out.

The pandemic could be worsening childhood obesity

Illustration: Aïda Amer/Axios

The 10-month long school closures and the coronavirus pandemic are expected to have a big impact on childhood obesity rates.

Why it matters: About one in five children are obese in the U.S. — an all-time high — with worsening obesity rates across income and racial and ethnic groups, data from the National Health and Nutrition Examination Survey show.