Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
"Amazon could break open
For Kraus, Amazon's potential move into the pharmacy space, which CNBC reported on Tuesday, is not surprising. In his view, every major technology company should have a play in health care, an estimated $3 trillion sector.
For Amazon, the obvious move is to sell prescription drugs online.
In the wake of the news, shares of pharmacy stocks such as CVS and Walgreens Boots Alliance opened lower. But industry experts think these companies aren't the only ones that should be worried about Amazon's entrance into
Kraus thinks it could be a blow to a slew of on-demand drug delivery startups, such as New York's Zipdrug. The pharmacies themselves might also face some new competition, including the big players and the "mom and pop" stores, he said.
"Look at what Amazon has done to malls," Kraus added. "In the future, when people say they're going to a Walgreens or CVS, they might instead choose to go to Amazon.com."
But TJ Parker,
Amazon could start small, by targeting consumers without insurance or high-deductible plans. It might borrow the model of a company like GoodRx, which often quotes far lower prices on prescription drugs that pharmacies will often charge out-of-pocket.
But Kraus suspects that Amazon will go bigger than that. The company "might crawl, walk and then run," he says, but ultimately he predicts that if it does move forward, it won't restrict itself to one part of the chain. Instead, Amazon could work directly with manufacturers, become a distributor like McKesson, take on the role of a pharmacy benefits manager by negotiating discounts and sell drugs to patients as a licensed pharmacy.
He even suspects that Amazon could get more competitive prices on
"In Amazon style, it will want to own the consumer's mind and wallet," Kraus adds.
In other words, go big or go home.
Watch: Why wouldn't Amazon go into pharmaceuticals?