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S&P 500 Gains and Losses Today: Walgreens Stock Plummets as DOJ Files Lawsuit

1. Walgreens shares fell 9.2% due to a DOJ lawsuit against improper prescriptions. 2. The lawsuit claims Walgreens unlawfully dispensed prescriptions lacking medical basis. 3. Walgreens argues the lawsuit enforces arbitrary rules not found in law. 4. The overall market rose with the S&P 500 adding 0.9% on the same day. 5. President Trump avoided initial tariffs, suggesting a less aggressive trade stance.

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FAQ

Why Very Bearish?

The DOJ lawsuit significantly impacts Walgreens' reputation and operations, similar to past legal issues faced by companies like Purdue Pharma.

How important is it?

The DOJ lawsuit represents a serious legal challenge that can affect Walgreens' business severely.

Why Short Term?

Immediate negative sentiment and potential for further legal consequences likely to impact stock quickly.

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