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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: 2) by Bot on Monday July 02 2018, @01:06PM (1 child)

    by Bot (3902) on Monday July 02 2018, @01:06PM (#701318) Journal

    Imagine what blow to the criminal economy if they actually legalized amazon delivered psychotropic drugs.
    OTOH the CIA, the mafia, the afghans and the other high level traffickers are not going to give up so easy.

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  • (Score: 2) by takyon on Monday July 02 2018, @04:31PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Monday July 02 2018, @04:31PM (#701440) Journal

    The DEA are the most important traffickers (they move drugs and make money from it). They get to decide which drugs are bad [soylentnews.org], so they get to keep their jobs intact. Very efficient.

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