Drugstore stocks tumble as Amazon considers selling prescription drugs online
Drugstore stocks tumble as Amazon considers selling prescription drugs online
Shares of drugmakers dropped in midday trading Friday after CNBC reported Amazon is in the final stages of considering an entrance into selling drug prescriptions.
Walgreens, Rite Aid and CVS Health stocks each slipped 4 percent or more as investors worried Amazon may disrupt the traditional distributors’ hold on the drug prescription market.
Amazon will decide before Thanksgiving whether to…
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