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).
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
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