Global Trends and Politics
Walgreens to Go Private in $10 Billion Deal with Sycamore Partners

Walgreens to Go Private in $10 Billion Deal with Sycamore Partners
Walgreens, the struggling drugstore chain, has agreed to be taken private by private equity firm Sycamore Partners in a deal valued at around $10 billion. The company will receive $11.45 per share in cash, representing an 8% premium to its closing price on Thursday. Shareholders could also receive up to $3 more per share in the future from the sale of Walgreens’ primary-care businesses, including Village Medical, Summit Health, and CityMD.
Background
Walgreens has been struggling to regain its footing as a public company, with its market value shrinking to under $8 billion in late 2024 due to competition from its main rival CVS, grocery chains, big-box retailers, and Amazon, among other challenges. The company has been squeezed by the transition out of the Covid pandemic, pharmacy reimbursement headwinds, softer consumer spending, and a troubled push into healthcare.
Deal Details
The deal, which is expected to close in the fourth quarter of this year, values Walgreens at an equity value of around $10 billion. The company will maintain its headquarters in Chicago and currently has over 310,000 employees globally and 12,500 retail pharmacy locations across the U.S., Europe, and Latin America.
CEO’s Commentary
Walgreens CEO Tim Wentworth, who took the role in 2023, commented, "While we are making progress against our ambitious turnaround strategy, meaningful value creation will take time, focus, and change that is better managed as a private company." He added, "Sycamore will provide us with the expertise and experience of a partner with a strong track record of successful retail turnarounds."
What’s Next?
Walgreens will continue to operate as a private company, and its second-quarter earnings will be released on April 8. The company plans to close roughly 1,200 of its drugstores over the next three years, including 500 in fiscal 2025 alone. It has also scaled back its push into primary care by cutting its stake in provider VillageMD.
Frequently Asked Questions
Q: What is the value of the deal?
A: The deal is valued at around $10 billion in equity value.
Q: How much will shareholders receive per share?
A: Shareholders will receive $11.45 per share in cash, with the possibility of up to $3 more per share in the future from the sale of Walgreens’ primary-care businesses.
Q: When is the deal expected to close?
A: The deal is expected to close in the fourth quarter of this year.
Q: What will happen to Walgreens’ operations after the deal?
A: Walgreens will continue to operate as a private company, with its headquarters in Chicago, and will maintain its current operations, including its retail pharmacy locations and primary-care businesses.
Global Trends and Politics
Unpacking Implicit Bias: How to Address Unconscious Biases in Political Hiring

Diversity in political hiring is a pressing concern, with a lack of representation among political leaders and policymakers contributing to systemic inequities and social injustices. Despite efforts to promote diversity and inclusion, implicit biases often remain a major obstacle, leading to the exclusion of qualified candidates from underrepresented groups. In this article, we’ll explore the concept of implicit bias, its impact on political hiring, and strategies for addressing these biases to create a more inclusive and representative political landscape.
The Power of Implicit Bias
Implicit bias, also known as unconscious bias, refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner. These biases are often deeply ingrained and can be difficult to recognize, even in ourselves. In the context of political hiring, implicit bias can manifest in various ways, such as:
- Assumptions about a candidate’s skills or abilities based on their background, gender, race, or age
- Biased language or tone in job descriptions or interviews
- Unconscious stereotypes about a candidate’s fit for a particular role or organization
The Impact of Implicit Bias on Political Hiring
Implicit bias can have devastating consequences for political hiring, leading to:
- A lack of diversity among political leaders and policymakers
- Exclusion of qualified candidates from underrepresented groups
- Limited representation and voice in the political process
- Perpetuation of systemic injustices and social inequalities
For example, a 2020 study by the Center for American Women and Politics found that women were significantly underrepresented in political offices, with only 27% of state legislators being women. Similarly, a 2019 report by the National Association of Latino Elected and Appointed Officials found that only 3.4% of state legislators were Hispanic or Latino.
Strategies for Addressing Implicit Bias in Political Hiring
To overcome implicit bias and promote diversity in political hiring, consider the following strategies:
1. Awareness and Education
- Provide training and education on implicit bias and its impact on political hiring
- Encourage self-reflection and awareness of one’s own biases
- Foster a culture of inclusivity and respect
2. Blind Hiring Practices
- Remove identifying information from resumes and applications (e.g., names, gender, race)
- Use blind interviews or assessments to evaluate candidates
- Implement a standardized, transparent evaluation process
3. Inclusive Job Descriptions
- Use gender-neutral language in job descriptions
- Avoid language that may be perceived as biased or exclusive
- Emphasize the skills and qualifications required for the role
4. Diverse Interview Panels
- Assemble interview panels with diverse perspectives and experiences
- Ensure representation from underrepresented groups
- Encourage active listening and open communication
5. Fair and Transparent Evaluation
- Implement a standardized evaluation process
- Use a rubric to assess candidates’ qualifications and skills
- Provide feedback to candidates, regardless of the outcome
Conclusion
Implicit bias is a pervasive issue in political hiring, leading to a lack of diversity and representation among political leaders and policymakers. By recognizing the impact of implicit bias and implementing strategies to address it, we can create a more inclusive and representative political landscape. Remember that awareness, education, and inclusive practices are key to overcoming implicit bias and promoting diversity in political hiring.
FAQs
Q: How can I recognize implicit bias in myself?
A: Be aware of your initial reactions to people or situations. Do you have preconceived notions or stereotypes? Recognize when you’re making assumptions and challenge those thoughts.
Q: What are some examples of implicit bias in political hiring?
A: Examples include: assuming a candidate’s skills or abilities based on their background or gender, using language that is perceived as biased or exclusive, or overlooking a candidate’s qualifications due to their race or age.
Q: How can I overcome implicit bias in hiring?
A: Implement strategies such as blind hiring practices, inclusive job descriptions, diverse interview panels, and fair and transparent evaluation processes. Provide education and training on implicit bias and its impact on hiring.
Q: What are the benefits of addressing implicit bias in political hiring?
A: Addressing implicit bias can lead to increased diversity and representation among political leaders and policymakers, promoting a more inclusive and representative political landscape. It can also lead to better decision-making and more effective policy outcomes.
Global Trends and Politics
FAA Briefly Halts Flights to Florida Airports After SpaceX Test Failure

FAA Halts Flights in Florida After SpaceX Starship Testing Failure
The Federal Aviation Administration (FAA) briefly halted flights to several Florida airports on Thursday night following a testing failure of a SpaceX Starship. This incident marks the second time this year that SpaceX has experienced a mishap during a flight test of Starship, resulting in debris falling and commercial flights being disrupted.
Affected Airports
The incident affected several airports, including Miami International Airport, which is an American Airlines hub, as well as airports serving Fort Lauderdale, West Palm Beach, and Orlando, Florida.
FAA Response
The FAA stated that it is now requiring SpaceX to perform a mishap investigation into the loss of the Starship vehicle during launch operations on March 6. The regulator also activated a Debris Response Area and briefly slowed aircraft outside the area where space vehicle debris was falling or stopped aircraft at their departure location. Normal operations have since resumed.
SpaceX Statement
SpaceX said in a post on X that “During Starship’s ascent burn, the vehicle experienced a rapid unscheduled disassembly and contact was lost. Our team immediately began coordination with safety officials to implement pre-planned contingency responses.” The company also plans to review the data from the flight test to better understand the root cause of the mishap.
Previous Incident
This is not the first time SpaceX has experienced a mishap during a Starship flight test. On January 16, dozens of flights were diverted after SpaceX’s Starship rocket broke up, and the FAA warned of “space vehicle debris” falling. The regulator had warned pilots of “dangerous area for falling debris of rocket Starship.”
Conclusion
The FAA’s decision to halt flights in Florida is a precautionary measure to ensure public safety. While SpaceX’s Starship program is critical to the company’s ambitions, it is essential for the regulator to prioritize safety and ensure that such incidents do not happen in the future.
FAQs
Q: What happened during the SpaceX Starship testing?
A: The Starship vehicle experienced a rapid unscheduled disassembly and contact was lost during the ascent burn.
Q: What was the FAA’s response?
A: The FAA activated a Debris Response Area and briefly slowed aircraft outside the area where space vehicle debris was falling or stopped aircraft at their departure location.
Q: How many airports were affected?
A: The incident affected several airports, including Miami International Airport, which is an American Airlines hub, as well as airports serving Fort Lauderdale, West Palm Beach, and Orlando, Florida.
Q: What is the significance of Starship?
A: Starship is critical to SpaceX’s ambitions, and when stacked on the Super Heavy booster, it stands 403 feet tall and is about 30 feet in diameter.
Global Trends and Politics
The Business of Politics: How Corporations are Shaping the Global Agenda

The concept of corporate social responsibility and politics is a complex and multifaceted issue that has gained significant attention in recent years. As the world becomes increasingly interconnected, corporations have become major players in shaping global policies and decision-making processes. In this article, we will explore the ways in which corporations are influencing the global agenda and the implications for society, governments, and individuals.
The Rise of Corporate Power
In the past, corporations were seen as separate entities from the state, with distinct interests and goals. However, the increasing globalization of trade and commerce has blurred these lines, and corporations have become major players in shaping global politics. Today, many corporations have more economic power than some countries, and this concentration of power has significant implications for democracy and governance.
The Role of Lobbying and Public Relations
One of the most significant ways in which corporations shape the global agenda is through lobbying and public relations. Corporations use these tactics to influence public opinion, shape policy, and gain an advantage over competitors. For example, the tobacco industry has been accused of using lobbying and public relations to delay regulation and downplay the risks of smoking, while the fossil fuel industry has used similar tactics to delay action on climate change.
The Impact on Society and Governments
The increasing power of corporations has significant implications for society and governments. On the one hand, corporations can bring investment and jobs, stimulating economic growth and development. On the other hand, they can also exploit natural resources, displace local communities, and undermine democratic processes.
Examples of Corporate Influence
- The tobacco industry has been accused of using lobbying and public relations to delay regulation and downplay the risks of smoking.
- The fossil fuel industry has used similar tactics to delay action on climate change.
- The pharmaceutical industry has been criticized for its influence over research and treatment of diseases.
- The tech industry has been accused of using its power to shape online discourse and silence dissenting voices.
Resistance and Accountability
As the power of corporations grows, there is a growing movement to resist and hold them accountable. This includes grassroots movements, advocacy groups, and government initiatives aimed at promoting transparency, accountability, and social responsibility.
Examples of Resistance and Accountability
- The #MeToo movement has brought attention to the issue of sexual harassment and abuse of power in the workplace and beyond.
- The global anti-austerity movement has resisted the implementation of austerity measures and promoted alternative economic policies.
- The climate movement has mobilized global action to address the urgent issue of climate change.
Conclusion
In conclusion, the business of politics is a complex and multifaceted issue that requires a nuanced understanding of the relationships between corporations, governments, and society. While corporations can bring benefits and investment, they must also be held accountable for their actions and their impact on the global agenda. As the world becomes increasingly interconnected, it is essential that we promote transparency, accountability, and social responsibility in corporate practices.
FAQs
- What is corporate social responsibility?
Corporate social responsibility refers to a corporation’s obligation to act in a way that benefits society and the environment, in addition to making a profit. - How do corporations shape the global agenda?
Corporations shape the global agenda through lobbying, public relations, and other forms of influence. - What are the implications of corporate power for democracy and governance?
The increasing power of corporations poses significant challenges to democracy and governance, as they can undermine public decision-making and favor their own interests over those of society. - How can we promote transparency, accountability, and social responsibility in corporate practices?
We can promote transparency, accountability, and social responsibility through government regulations, public oversight, and grassroots movements that hold corporations accountable for their actions.
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