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Amazon to acquire Whole Foods
SEATTLE — In a blockbuster deal, online giant Amazon is acquiring Whole Foods Market in an all-cash transaction valued at $13.7 billion, or $42 a share.
John Mackey, co-founder and CEO of Whole Foods, will remain CEO of the grocer after the deal closes. Stores will continue to operate under the Whole Foods banner, and the company's headquarters will remain in Austin, Texas.
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Oregon passes DXM age restriction law
WASHINGTON — To combat teen abuse of over-the-counter medicines containing the cough suppressant dextromethorphan, Oregon Governor Kate Brown on Thursday signed legislation prohibiting the sale of DXM-containing products to minors.
The move makes Oregon the 14th state to pass an age-18 sales law, joining states across the country in recognizing that limiting teen access to DXM is a proven way to prevent abuse, according to the Consumer Healthcare Products Association.