Amazon to Purchase PillPack
Amazon announced on Thursday that it will acquire the online pharmacy PillPack. There has been speculation for quite a while that Amazon would enter and disrupt the healthcare industry.
In typical fashion of Amazon announcements, stocks of companies who operate in the invaded industry declined in pre-market trading. Stocks prices of Walgreens Boot Alliance (WBA) and CVS Health (CVS) fell sharply on the news.
We've previously discussed how investors can use Amazon announcements to make good investments. For more on that click here