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KFC World Famous Chicken restaurant in Plano, Texas, illuminated at night
Plano, Texas, USA - January 30th, 2022: KFC World Famous Chicken restaurant, illuminated at night
TFC?

KFC is moving its headquarters out of its Kentucky home, heading for Texas

There are more KFCs per person in Kentucky than any other state. The company’s moving anyway.

KFC — formerly known as Kentucky Fried Chicken, until the company officially changed its name to its current initialism in 1991 — is taking the K out of KFC, as the fast-food chain plans a move out of its spiritual and physical home.

The transition comes as its parent company, Yum! Brands, plans to relocate the business to one of its two brand headquarters in Plano, Texas, per an announcement yesterday. The company’s other subsidiary, Pizza Hut, will also join KFC to move to the Lone Star State, while Taco Bell and Habit Burger & Grill will remain headquartered in the Irvine, California, location.

The move is a big one for a company associated so strongly with the state. Indeed, Kentuckians still seem to love the chain: there are 114 KFC restaurants in Kentucky, which, according to our calculations, is equivalent to ~25 KFC restaurants per million people. That’s the most KFC restaurants per person of any state.

Texas, by contrast, ranks pretty middling on our KFCs-per-million metric, coming in with 10.35 KFCs per million people.

Other KFC hot spots include Mississippi, West Virginia, and New Mexico. Eastern states like New Jersey and Massachusetts rank bottom, with just 6.2 KFCs per million New Jersey residents.

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Strive Pharmacy recently broke ground on a new facility in Mesa, Arizona. (Strive Pharmacy)

Before Hims’ GLP-1 pill fallout, its pharmacy partner was already drawing scrutiny from state regulators

Strive has already been probed over the timing of its GLP-1 compounding. Now, Arizona regulators are looking into complaints about ketamine misuse and improper distribution of prescription drugs.

business

Hims to stop offering copy of Wegovy pill following FDA scrutiny

Hims & Hers said it has decided to stop offering its newly launched copycat version of Novo Nordisk’s Wegovy pill, after the telehealth company drew criticism from the Food and Drug Administration. 

“Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry. As a result, we have decided to stop offering access to this treatment,” Hims wrote on X.

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

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