Retail Pharmacies Take Big Hit After Amazon's PillPack Deal

The day the retail giant announced plans to acquire the online pharmacy company PillPack, competing retail pharmacy companies took a significant blow. Eight companies, including CVS and Rite Aid, dropped $17.5 billion in market cap in just one day. For full interview, [click here](https://cheddar.com/videos/amazon-acquisition-of-pillpack-crushes-shares-of-walgreens-cvs-rite-aid).

More In Business

Trump Media Shares Surge After Assassination Attempt

Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump.

Surfer Kelly Slater Drops In On Skincare With ‘Freaks of Nature’

Freaks of Nature offers sustainable skincare for outdoor athletes, focusing on performance and eco-consciousness with innovative formulations and packaging.

Fed Maintains Rates Amid Inflation, Economic Concerns Persist

The Fed maintained the 5.25-5.5% rate in May 2024 due to persistent inflation and a tight labor market amid public concerns about financial futures.

Is Co-Ownership The Solution To The Frozen Housing Market Dilemma?

The Q3 2024 housing market saw high prices, stable mortgage rates, and low inventory, driving competition, and record median home prices of $419,300.

JPMorgan Profits Jump In Q2 On Higher Interest Rates, Visa Shares

JPMorgan Chase says profits jumped sharply ias the bank cashed in billions of dollars of its holdings in Visa Inc., also helped by higher interest rates.

Senator Calls Out Big Tech’s New Approach to Poaching AI talent

U.S. Sen. Ron Wyden is calling for action against a new practice big technology companies are using to swallow up AI talent.

The $36 Billion Trading Loss You’ve Never Heard Of

Archegos's Bill Hwang turned $10 billion into $160 billion into nothing. Plus: Intuit's layoffs, Elon's travails, Boeing's bad week, Jerome Powell, and mor

Costco Raises Annual Membership Fees for the First Time Since 2017

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the warehouse chain prepares to raise its membership fees.

¡Aprende Idiomas En 2024 Con Babbel! Say "¡Hola!" To New Adventures!

Language learning apps surged in 2024, with Babbel offering interactive lessons, vocabulary practice, and grammar exercises for effective language acquisition.

AI's Dual Impact on Jobs: Displacement and Creation Worldwide

AI is poised to transform global employment by replacing 300 million jobs while creating new ones, potentially boosting GDP by 7%.

Load More