Wake up to what matters from Mike Allen each day

Stories

Amazon deal crushes pharmacy stocks

Top pharmacy stocks were hammered Thursday after Amazon announced plans to purchase online pharmacy startup Pillpack for a reported $1 billion in cash.

The bottom line: Six of America's largest pharmacies lost $15.2 billion in market cap, while Amazon gained $19.6 billion.

Data: Money.net; Chart: Harry Stevens/Axios
More stories loading.