You might be able to buy your prescription meds on Amazon now. The online retail giant could be entering the medicine-selling business meaning you might be able to order your prescription drugs online. They stand to capture a portion of this $560 billion-a-year market.
Shares of CVS Health (CVS) are down 12.3% since setting its post-election high of $84.72 on Jan. 18. Raymond James downgraded Express Scripts (ESRX) underperform. Walgreens (WMB) is nearing bear market territory, 19.5% below its post-election high of $88.00 set on Feb. 21.
According to CNBC the online retailer has already begun hiring staff for a new pharmacy devision.
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