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Amazon

CVS, Aetna set to merge in transformative deal

CVS, Aetna set to merge in transformative deal

WOONSOCKET, R.I. — CVS Health plans to acquire health insurer Aetna for roughly $69 billion in a first-of-its kind deal aimed at fending off challenges in retail and health care. The landmark CVS-Aetna merger deal comes at time when insurers are under pressure to lower medical costs, and retailers are under attack from new competitors,

How a move by Amazon could impact retail Rx

How a move by Amazon could impact retail Rx

NEW YORK — While rumors of Amazon’s entry into pharmacy continue to swirl, some analysts are questioning just how significant the move would be. “Amazon’s U.S. Pharmacy Opportunity: Not Necessarily A Game Changer,” is the title of a report by Cowen. For its part, Fung Global Retail & Technology said the online retailer’s pursuit of

Analysts size up Amazon’s pharmacy opportunity

Analysts size up Amazon’s pharmacy opportunity

NEW YORK — Pharmacy stands as a sizable growth opportunity for Amazon, and its avenues for market entry include acquisitions, with Rite Aid Corp. and Diplomat Pharmacy Inc. among potential targets, according to Cowen analysts John Blackledge and Charles Rhyee. Cowen on Tuesday released an in-depth look at a potential Amazon pharmacy play in a

Reports: CVS may be near deal to buy Aetna

Reports: CVS may be near deal to buy Aetna

NEW YORK — A deal for CVS Health to acquire Aetna Inc. could happen by the end of the month, published reports say. Citing anonymous sources, The Wall Street Journal reported Monday that CVS was nearing a $66 billion agreement to buy the health insurer, according to reports. The news of a potential CVS-Aetna merger

Transformational deal weighed by CVS

Transformational deal weighed by CVS

WOONSOCKET, R.I. — At presstime The Wall Street Journal along with other news agencies reported that CVS Health will offer more than $200 per share, or about $66 billion, to purchase the health insurance giant Aetna Inc. Anonymous sources cited by WSJ originated the story about a potential CVS-Aetna deal. The possible transaction comes as

Analyst: Latest Amazon pharmacy fears overblown

Analyst: Latest Amazon pharmacy fears overblown

NEW YORK — Fears among pharmacy players and investors that e-tail giant Amazon plans to enter the industry may be overblown — at least for the time being, according to Jefferies analyst Brian Tanquilut. Pharmacy stocks, including pharmacy retailers and suppliers, have taken a pounding since the St. Louis Post-Dispatch reported last week that Amazon

Amazon reportedly gains Rx wholesale licenses

Amazon reportedly gains Rx wholesale licenses

Amazon has quietly received approvals for pharmacy wholesale licenses from at least a dozen state pharmacy boards, the St. Louis Post-Dispatch reported Thursday. Those states are Alabama, Arizona, Connecticut, Idaho, Louisiana, Michigan, New Hampshire, New Jersey, Nevada, North Dakota, Oregon and Tennessee. Another pharmacy distribution license application is pending in Maine, the report said. Amazon

Reports: CVS in talks about acquiring Aetna

Reports: CVS in talks about acquiring Aetna

Published reports said Thursday that CVS Health is in negotiations to acquire health insurer Aetna. CVS reportedly will offer more than $200 share, or about $66 billion, to purchase the health benefits giant, according to anonymous sources cited by the Wall Street Journal, which originated the story about a potential CVS-Aetna deal. Bloomberg reported that

Retail Rx gets out ahead of Amazon

Retail Rx gets out ahead of Amazon

Speculation about the possible entry of Amazon into the prescription drug business has been abundant in recent weeks. Financial analysts and journalists have generated a steady stream of reports about what is planned by the e-commerce powerhouse which, beginning with books 23 years ago, has succeeded in disrupting established business patterns in one merchandise category

Retailers seek insights in changing landscape

Retailers seek insights in changing landscape

The dynamism of the retail industry’s most active, innovative and forward-thinking members is raising the stakes for everyone in the field. Major developments with potentially far-reaching implications for the way consumers shop are occurring at an unprecedented rate. In just the past few weeks, Walmart and Amazon.com Inc. have ratcheted up the pressure on their

Amazon’s grocery play is margin-squeezer

Amazon’s grocery play is margin-squeezer

Amazon’s closing of the Whole Foods Market acquisition this week is sure to add to brick-and-mortar retailers’ anxiety about the e-tailing giant’s ongoing march into traditional retail channels. Speculation about a potential move by Amazon into the pharmacy space has disquieted drug chains and other retail pharmacy players. But the online retailer’s grocery market entry

Amazon set to finalize Whole Foods acquisition

Amazon set to finalize Whole Foods acquisition

SEATTLE — Amazon announced on Thursday that its $13.7 billion acquisition of Whole Foods Market Inc. will close on Aug. 28. Amazon also revealed details about how it intends to lower prices and integrate its Prime membership program into the Whole Foods checkout process. The company’s bid for Whole Foods was approved Aug. 23 by

New era in mass retailing about to dawn

New era in mass retailing about to dawn

In the aftermath of the failed Walgreens Boots Alliance Inc. (WBA) acquisition of Rite Aid Corp., very little has happened. Rather, it’s like the event itself, or the nonevent, was an ending, a development so sudden and final that nothing else could happen. WBA continues to gather momentum, adding sales and stores in the U.S.

Should pharmacy industry worry about Amazon?

Should pharmacy industry worry about Amazon?

What would happen to your business if, tomorrow, Amazon bought a major chain like CVS Pharmacy, Walgreens or Rite Aid? Not so long ago, if you put this question to an executive in the chain drug store industry, the response might have been “Well, that’s not going to happen.” But now that Amazon has announced

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