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CVS shares slip after report Amazon’s getting into pharmacy

May 18, 2017

Via: CNBC
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CVS shares fell Wednesday, a day after CNBC reported that Amazon is hiring people to push into the pharmacy business.

CVS briefly traded more than 3 percent lower Wednesday. Shares of drugstore chain Walgreens Boots Alliance fell more than 3 percent. Pharmacy benefit manager Express Scripts shares traded slightly lower.

Walgreens and Express Scripts had no comment. CVS did not immediately respond to a CNBC request for comment. Amazon declined to comment.

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