https://techcrunch.com/2018/01/30/cvs-other-health-stocks-down-upon-amazon-jpmorgan-berkshire-healthcare-co-news/

Investors panicked this morning upon the news Amazon, JPMorgan Chase and Berkshire Hathaway were teaming up to launch a health insurance company for their U.S. employees.

Healthcare is one of the biggest operating costs for Fortune 500 companies and the three iconic companies have joined forces to build a new health insurance company for all U.S. employees in an effort to improve satisfaction and reduce those costs.