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Walgreens will shutter nearly 40% of the clinics in its stores as the drugstore chain cuts costs and shifts to other businesses it believes will draw more people through its doors. The company said Monday that it will close 150 Walgreens-run clinics by the end of the year, but it will keep open more than 200 that are run in partnership with health care providers. (Murphy, 10/28)

Walgreens said it will offer Jenny Craig meal-planning and weight-loss consultations at 100 locations starting in January 2020. Under an existing deal with medical-testing company LabCorp, customers will be able to get blood and other lab tests in at least 600 Walgreens stores in the next few years. (Langreth, 10/28)

Walgreens and rival CVS Health Corp. both see establishing themselves as treatment centers for chronically ill patients as a way to offset slowing revenue from prescription drugs and competition from online retailers. The two chains are taking different approaches. Walgreens has increasingly sought partnerships with other companies and health systems, while CVS is executing its plan through acquisitions or by building its own new business. (Terlep, 10/28)

Walgreens shares have fallen nearly 19% this year as the drugstore chain struggles to convince investors it has a plan to compete with old rivals like CVS and new ones like Amazon. Walgreens recently announced a partnership with Alphabet’s Wing to test using drones to deliver nonprescription items like groceries and over-the-counter medicines. That’s in addition to the more than one dozen partnerships Walgreens has already made to bring new services to its drugstores, such as dental and doctors offices. (LaVito, 10/28)

Walgreens laid off employees at its Deerfield headquarters last week and won’t pay annual bonuses this year as it works to increase its cost-cutting goal to $1.8 billion annually. The actions come as Walgreens, which has 18,750 stores worldwide, grapples with changes including how consumers use pharmacies. (Schencker, 10/28)