RE: Unsure17 Nov 2020 20:42
Amazon announced Tuesday that it's entering the pharmacy business with a new offering called Amazon Pharmacy. It allows customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. The company has been quietly building out its pharmacy business for several years after ramping up internal discussions in 2017 and acquiring PillPack in 2018. Amazon Pharmacy threatens the dominance of traditional pharmacies such as CVS and Walgreens. Those stocks were under severe pressure in the premarket. Amazon's offering will also compete against other large retailers that offer pharmacy services, including Walmart.
Amazon’s move into pharmacy should only affect the retail, not the manufacture of drugs.
GSK is like a Clydesdale horse, slow and steady, can have some dramatic falls and rises on occasions. AIMO