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Amazon Buys Pill Distributor, Sends Pharmacy Stocks Tumbling

posted by martyb on Sunday July 01 2018, @11:21PM   Printer-friendly
from the resistance-is-futile dept.

bob_super writes:

By buying an online pharmacy allowed to deliver in all US states for a billion dollars, Amazon entered a new market and caused incumbents' stocks to plummet. The stock valuations of the traditional players lost 12.8 billion dollars just from the announcement.

Will Amazon help Americans afford their medications? How does it factor in with their announcing a combined healthcare provider with JPMorgan and Berkshire Hathaway, and will it scale to the rest of us from there?

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  • (Score: 3, Insightful) by SanityCheck on Monday July 02 2018, @05:08AM (2 children)

    by SanityCheck (5190) on Monday July 02 2018, @05:08AM (#701205)

    Drugs would be perfect for drone delivery. High cost item, low weight. Usually you want them delivered ASAP.

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  • (Score: 3, Insightful) by c0lo on Monday July 02 2018, @06:53AM (1 child)

    by c0lo (156) Subscriber Badge on Monday July 02 2018, @06:53AM (#701219) Journal

    Drugs would be perfect for drone delivery. High cost item, low weight.

    Listing of slingshots on Amazon [amazon.com].
    Just ask them delivered by truck, just in case others moved in before you. (grin)

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford

    • (Score: 1, Insightful) by Anonymous Coward on Monday July 02 2018, @02:27PM

      by Anonymous Coward on Monday July 02 2018, @02:27PM (#701366)

      Didn't they rule it's illegal to shoot other people's property if it's just flying overhead?