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Major US pharmacy chain Rite Aid files for bankruptcy_我的网站

A |     (ECNS) -- Datong City in north China's Shanxi Province saw its agricultural imports and exports exceed 250 million yuan (about $35.7 million) in the first half of this year, with notable growth in both trade volume and product quality.        Datong Customs has introduced full-cycle services and smarter supervision across the agricultural supply chain. Working with local agricultural and market regulatory authorities, it carried out joint inspections, training, guidance and problem-solving services, visiting more than 20 enterprises during the first half of the year.    The Datong Municipal Commerce Bureau has also adopted a tailored "one enterprise, one policy" approach. In Tianzhen County, a cross-border e-commerce and miscellaneous grains industrial park has been established, bringing together nine agricultural e-commerce companies and creating a digital channel for local agricultural products to reach overseas markets.    Customs authorities have also stepped up support for local exporters. In Hunyuan County, officials have worked with enterprises to facilitate exports, while a company in Lingqiu County received one-on-one guidance on registration procedures for exporting chili sauce to Mongolia.    Datong Customs has also helped leading companies, including Tianzhen Bocheng Vegetable Co., Ltd., obtain AEO (Authorized Economic Operator) certification. Measures such as online certificate issuance and streamlined customs clearance procedures have further improved efficiency.    Processed food exports have emerged as a key driver of growth. In the first half of the year, Datong's tomato paste exports surged 476.2% year on year, while buckwheat flour exports rose 47%.    Dehydrated vegetables from Tianzhen County have also been showcased at several international exhibitions, helping local companies secure orders worth millions of dollars.    Datong has continued to expand the overseas reach of its agricultural products. Locally produced tomato paste has entered markets including Russia, Mali, Moldova and Gambia, while the city exported tomato sauce to the Republic of Korea for the first time.    Local companies have also participated in major international food exhibitions, including SIAL Paris and the Global Traditional Food and Nutrition Products Expo, securing multiple cooperation agreements. Meanwhile, international recognition of "Datong Hao Liang" (Datong Good Grains), the city's regional agricultural brand, has continued to grow.    (By Tang Yuxian)                    。    PHILADELPHIA -- Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. It said it had reached an agreement with its creditors on a financial restructuring plan to cut its debt and position itself for future growth and that the bankruptcy filing was part of that process. The plan will “significantly reduce the company's debt” while helping to “resolve litigation claims in an equitable manner,” Rite Aid said. In March, the Justice Department filed a complaint against Rite Aid, alleging it knowingly filled hundreds of thousands of unlawful prescriptions for controlled substances from May 2014-June 2019. It also accused pharmacists and the company of ignoring “red flags” indicating the prescriptions were illegal.The Justice Department acted after three whistleblowers who had worked at Rite Aid pharmacies filed a complaint. Jeffrey Stein, who heads a financial advisory firm, was appointed Rite Aid's CEO as of Sunday, replacing Elizabeth Burr, who was interim CEO and remains on Rite Aid's board. Earlier this month, Rite Aid notified the New York Stock Exchange that it was not in compliance with listing standards. During a grace period, the company's stock continues to be listed and traded. The bankruptcy filing in New Jersey and noncompliance with listing standards would not affect the company’s business operations or its U.S. Securities and Exchange Commission reporting requirements, it said. Rite Aid said it was arranging for payment of wages and other costs as usual, though some “underperforming” stores among its more than 2,100 pharmacies in 17 states will be closed. It earlier reported that its revenue fell to $5.7 billion in the fiscal quarter that ended June 3, down from $6.0 billion a year earlier, logging a net loss of $306.7 million.。

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