Amazon’s move into wholesale pharmaceuticals sent pharmacy stocks plunging

Amazon’s move into wholesale pharmaceuticals sent pharmacy stocks plunging

7 years ago
Anonymous $ZOEEBQ1zf0

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.