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Food and Staples Retailing Drug Retail

  • Prescription drugs

    Are you getting the best price for your prescriptions? Your health plan’s copay is not always the best deal.  

  •  A customer shops for items in a Walgreens in Niles, Illinois. 

    Analysts found CVS' products were 20 percent more expensive than Amazon's at the median, while Walgreen's were 22 percent higher than Amazon's.

  • Although PillPack expects sales to exceed only about $100 million this year, Amazon's huge customer base and existing shipping infrastructure could allow the company to scale up quickly. But it will face deeply entrenched competition dominated by pharmacies run by CVS Health, Walgreen Boots Alliance and Walmart Inc, and pharmacy benefits provided by CVS,...

  • June 28- The debut of Walgreens Boots Alliance into the Dow Jones Industrial Average Index this week marks the worst performance of any new entrant in the past 10 years, a Reuters analysis shows. The announcement that Amazon.com Inc would acquire. online pharmacy PillPack sank shares in Walgreens and other drug retailers on Thursday.

  • Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance Inc.

    Investors don't seem to have much confidence in Walgreens Boots Alliance, and the drugstore chain hasn’t said much to ease their concerns.

  • June 28- Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Bloomberg reported it to be $1 billion, citing a person it said was familiar with the matter. Pharmacy chains and drug...

  • June 28- Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Bloomberg reported it to be $1 billion, citing a person it said was familiar with the matter. The announcement cost drug store and...

  • *To buy back $10 bln shares. Walgreens' shares fell as much as 11 percent, overshadowing the company's better-than-expected quarterly results and a $10 billion buyback, amid a broad selloff among drug retailers and wholesalers after Amazon said it would buy online pharmacy PillPack. "You see, the pharmacy world is much more complex than just delivering certain...

  • *Chinese shares, yuan at new lows, Europe dips. NEW YORK, June 28- U.S.-driven trade confrontations hurt world stock markets and U.S. and German debt yields on Thursday, while Wall Street felt the additional brunt of a slump in health sector shares. Wall Street opened lower amid Amazon's announcement that it would buy online pharmacy PillPack, moving the e-commerce...

  • "Amazon's acquisition of PillPack is a warning shot in what is about to become a major battle within the pharmacy space," said Neil Saunders, managing director of GlobalData Retail. Walgreens' chief executive, Stefano Pessina, said he was "not particularly worried" about the PillPack deal in an earnings conference call with analysts on Thursday, describing it only...

  • *Drug stocks tumble after Amazon buys online pharmacy. *Amazon's delivery plans hit FedEx and UPS. June 28- Amazon's move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks helped Wall Street keep its footing.

  • June 28- Amazon.com Inc said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and retailers tumbling as the e-commerce giant moves deeper into healthcare sector. Shares of drug retailers CVS Health and Walgreens Boots Alliance plunged 7 percent each in premarket trading.

  • June 28- Amazon.com Inc said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. Drug retailers CVS Health and Walgreens Boots Alliance plunged 7 percent each in premarket trading. Walmart Inc was looking to buy PillPack for under $1 billion, CNBC...

  • June 28- Walgreens Boots Alliance Inc's quarterly profit beat estimates on Thursday as the drugstore chain benefited from its acquisition of rival Rite Aid Corp's stores, and the company said it would buy back shares worth up to $10 billion. Shares of Deerfield, Illinois- based Walgreens were marginally down at $66 in premarket trading. "In what has become the...

  • June 28- Amazon.com Inc said on Thursday that it would buy medications-by-mail company PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down. Privately held PillPack delivers medications in pre-sorted dose packaging. The deal is expected to close during the second half of 2018..

  • Pedestrians pass in front of a Walgreens store in Chicago.

    Walgreens Boots Alliance shares pare initial gains as investors dig into the company's third-quarter earnings results. Then came an Amazon deal.

  • June 28- Walgreens Boots Alliance Inc's third-quarter profit beat analysts' expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $10 billion share buyback program. Net income attributable to Walgreens rose 15.5 percent to $1.34 billion, or $1.35 per share, in the third quarter ended May 31.

  • June 28- Walgreens Boots Alliance Inc on Thursday reported a 15.5 percent rise in quarterly profit, as sales in its pharmacy business rose helped by its acquisition of Rite Aid stores. Net income attributable to Walgreens rose to $1.34 billion, or $1.35 per share, in the third quarter ended May 31, from $1.16 billion, or $1.07 per share, last year.

  • Dr. Scott Gottlieb, commissioner of the Food and Drug Administration

    Online sales have moved beyond shadowy sites of the dark net such as "Silk Road" to social media sites and mainstream search engines.

  • An employee stacks boxes filled with merchandise for shipment at the Amazon.com distribution center in Phoenix, Arizona.

    The Supreme Court ruled online retailers can be forced to collect sales tax in states where they do not have a physical presence.