Amazon.com Inc. (AMZN) is taking over the pharmaceutical retail space.
The company announced its acquisition of PillPack, an online pharmacy, on Thursday, June 28.
The acquisition announcement sent pharmaceutical retailers such as Walgreens Boots Alliance Inc. (WBA) , Rite Aid Corp. (RAD) and CVS Health Corp (CVS) into a tailspin.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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