CUOMO: It is time for "CNN Money Now." A megamerger between two legacy companies because of the rise of online giants threatening their survival. CNN chief business correspondent Christine Romans -- boy, that is a scary thing I just read there. What does it mean?</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT, ANCHOR, "EARLY START": It means Albertsons and Rite Aid will merge, Chris, in a $24 billion deal. Rite Aid is already selling a number of its stores to Walgreens. Now, Albertsons -- that's a grocery store chain -- it will buy the rest of Rite Aid, creating a new company of nearly 10,000 stores and pharmacies across 38 states. Scale matters. The heads of both companies told "The Wall Street Journal" this deal is the best way to take on online retailers like Amazon. It is expanding into groceries and possibly the pharmacy business. And, Walmart's digital offerings have simply exploded in recent years. The rise of both may have forced many retailers to team up. It's not a done deal yet. It still needs government approval but both companies aim to close that deal by the summer. And speaking of Walmart, its stock is set to fall this morning, down about three percent pre-market. It didn't make as much money over the holidays as analysts expected, so watch Walmart as a mover this morning of the New York Stock Exchange, Alisyn.</s>CAMEROTA: OK, we will. We do whatever you suggest. Thank you very much, Christine.</s>CUOMO: You say Walmart and Alisyn is already ready to go there.</s>CAMEROTA: There -- I'm already there, actually.</s>CUOMO: She has select shopper stats.</s>CAMEROTA: Thank you very much. All right. So perhaps, you just heard what former congressman Jack Kingston just said on our air about the teenagers who survived the Parkland massacre. Those teenagers have a response to him and anyone who challenges their motivation and doubts their cause, and they're next.
Albertsons To Acquire Rite Aid In $24 Billion Merger