The stock market just got another powerful reminder of the risks of getting Amazon’d
|02/03/2018||Posted by BusinessMediaguide.Com under General World News||
- After announcing a collaboration with Berkshire Hathaway and JPMorgan, Amazon is wreaking havoc on the healthcare sector, with managed care and pharmacy providers getting the worst of it.
- It’s just the latest example of the company wiping out billions of dollars of competitors’ market caps with a corporate announcement, and it’s bound to happen again.
Another industry has been Amazon’d.
Apparently not content to rule the retail sector, the Jeff Bezos-led juggernaut has thrown the healthcare sector into disarray after announcing it will team up with Berkshire Hathaway and JPMorgan to lower costs for their US workers.
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