Amazon smoothly slides disrupts both the Healthcare and Package Delivery Industries in same week

Amazon marked its grand entrance to push deeper into healthcare by acquiring PillPack, a prescription-management startup. With this announcement, shares of major US healthcare companies went into freefall dive, with CVS Health and Walgreens losing as much as 10%, altogether, the market value of 10 big healthcare companies fell by $23.5 billion.

Amazon also announced its 'delivery program' which would depend on contractors around the country to launch businesses that deliver Amazon packages to consumers. Through the Amazon program, it can cost $10,000 for someone to start her own delivery business. Contractors can either provide their own vans or can lease from Amazon and will be responsible for hiring delivery people. 

Companies mentioned (YTD): Amazon (+45%), CVS (-11%), Walgreens (-17%), UPS (-10%)


Want to receive more content like this in your inbox?