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Walgreens to launch credit cards with Synchrony Financial and Mastercard

Walgreens Boots Alliance Inc. said Wednesday that it will expand its partnerships with Synchrony Financial and Mastercard Inc. with credit cards and a prepaid debit card. The credit cards will be tied to the pharmacy retailer’s newly-launched loyalty program, offering points as well as other benefits. The credit cards are expected to launch during the second half of this year. Walgreens stock was up 1.3% in Wednesday premarket trading, but has slumped 11.3% over the last year. Synchrony Financial stock is up 3.3% over the past 12 months. And Mastercard stock has gained 8.8% for the period. The S&P 500 index is up 15.6% over the past year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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