BNTX - Wall Street Breakfast: Amazon Expands Retail Empire With Pharmacy
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Amazon expands retail empire with pharmacyWith Americans increasingly relying on getting their medicines via mail to avoid getting exposed to COVID-19, Amazon (AMZN) is getting into the pharmacy business. How will it work? Doctors can send prescriptions directly to Amazon Pharmacy - which has tools to verify that a physician legitimately ordered each prescription - or patients can request a transfer from existing retailers. Amazon Prime customers will get free two-day delivery, while others can get free delivery within five days or pay $5.99 to upgrade to two-day delivery. The move had been anticipated for quite a while, given the many reported internal discussions and acquisition of PillPack in 2018, but the latest news is likely to shake CVS (NYSE:CVS), Walmart (NYSE:WMT), Rite Aid (NYSE:RAD) and
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Wall Street Breakfast: Amazon Expands Retail Empire With Pharmacy