CVS, Walgreens shares fall on report that Amazon may open pharmacies


Store signs from CVS, Rite Aid and Walgreens stores.

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Shares of CVS Health, Walgreens Boots Alliance and Rite Aid are falling Wednesday on a report that Amazon may open brick-and-mortar pharmacies.

CVS shares were down about 3%, Walgreens was down nearly 4% and Rite Aid fell more than 4%.

Amazon is considering whether to push further into selling prescriptions by opening stand-alone retail pharmacies or adding them to Whole Foods stores, according to a report by Business Insider that cited three anonymous people familiar with the matter.

According to the report, discussions are in exploratory stages and if Amazon moves forward with the idea, it could take more than a year for the…


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