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$WBA shares are dropping after the company reported a Q2 net loss of $13 billion. The CEO is making changes to address the challenges and cut costs by $1 billion this year, including layoffs and store updates. Concerns arise over fiscal year 2024 guidance due to cautious consumer behavior. Walgreens also books a significant charge related to struggling clinics.

Walgreens CEO says 'human interface' will help the chain beat Amazon https://t.co/ZkiOb9tBgx
🇺🇸 Walgreens to cut costs by $1 billion this year, with layoffs and store updates https://t.co/bSY6RzEK9n
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics https://t.co/SDzzBZB3XX https://t.co/SDzzBZB3XX