Investor's Business Daily November 20, 2020
Amazon thrashed the brick-and-mortar retail model with its e-commerce business. It put fellow tech titans to shame when its third-party web hosting unit set the standard for a new cloud computing model. Now it’s taking on the nearly $4 trillion health care market, which could keep Amazon stock growing for years — if it succeeds.
Amazon fired a big shot across the bow of drugstores and prescription drug wholesalers on Nov. 17 when it launched Amazon Pharmacy. The new unit will offer Amazon Prime members discounts of up to 80% on generic drugs and 40% on brand medications.
Shares of drug distributors and drugstore chains sank on the news, and recent IPO stock GoodRx (GDRX), a discount...
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