San Francisco officials expanded a 2007 law barring large grocers and pharmacies from using disposable plastic bags. The law now covers all retailers and requires them to charge 10 cents per paper bag. Restaurants will have to comply beginning in 2013.
While FMI asked the Federal Trade Commission to block Express Scripts from acquiring Medco Health Solutions, Express Scripts raised $3.5 billion for the deal through bonds maturing in three, five and 10 years. In a letter to the FTC, FMI said a merger of the pharmacy-benefit managers would "destroy competition by creating a behemoth with the power to unilaterally slash reimbursement rates to uncompetitive levels."
Delhaize Group stores recalled Food Lion- and Hannaford Supermarkets-branded bulk potato salad sold in deli cases because of concern that it might contain contaminated eggs. Reser's Fine Foods informed Delhaize that the potato salad might have been made with eggs that are part of a broader recall.
FMI wrote to the Federal Trade Commission urging the regulator to proceed with caution as it considers a merger of prescription-benefit managers Express Scripts and Medco Health Solutions. The combined company would control 80% of the national market for prescription-drug care, leading to higher prices and reduced patient choice, FMI said.
Drug-benefits company Express Scripts plans to pay $4.68 billion to purchase Next-Rx, the in-house pharmacy-benefit management unit of WellPoint. The deal, which is expected to conclude in the second quarter of this year, would allow Express Scripts to better compete with its rivals, including CVS Caremark and Medco Health Solutions.