Amazon’s move into wholesale pharmaceuticals sent pharmacy stocks plunging
https://www.recode.net/2017/10/27/16559284/amazon-pharmaceutical-wholesale-stocks-plunging-amzn-cvs
Amazon has proven time and again it has the power to move markets.
Following a report yesterday from the St. Louis Post-Dispatch that Amazon obtained wholesale pharmacy licenses in 12 states, stock prices plunged for a number of pharmaceutical distribution companies, including CVS, Cardinal Health, AmerisourceBergen and McKesson.