The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Amazon appears to have canceled a pharmaceutical wholesaler application in the state of Maine, analysts at RBC Capital Markets pointed out Tuesday, raising further questions about the tech giant's plans to enter the pharmacy space.
The Maine Board of Pharmacy website shows an application from Amazon.com was canceled on Dec. 1, RBC analysts George Hill, Stephen Hagan and Lee Lueder wrote in a research note. Amazon didn't immediately respond to a request for comment.
The news that Amazon had acquired wholesale pharmacy licenses in multiple states, first reported in October by the St. Louis Post-Dispatch, heightened already intense speculation that the company planned to compete in prescription drugs. But experts soon pointed out that the licenses didn't enable Amazon to distribute prescription medicines; instead they supported existing medical products businesses.
But RBC's analysts say Maine's regulations mean Amazon's licensing activities in the state could be a signal of its plans.
"In Maine, a medical device license was not needed for the sale of medical supplies so industry sources have implied the Maine license was a strong leading indicator of whether or not Amazon would enter the drug supply chain," RBC wrote. "We see this cancellation as a negative indicator of the likelihood that Amazon enters pharmacy in the near term and thus as a positive for the pharmacies and drug supply chain."
Speculation about Amazon's entry has weighed on stocks of drug distributors, pharmacy benefits managers and retail pharmacies.
Amazon has remained silent about what, if any, plans it may have for a bigger move into health care. CNBC reported last week that the company has engaged in exploratory discussions with makers of generic drugs about what role it could potentially play.