CVS is reportedly offering $66 billion to buy health insurer Aetna, and there’s a lot at play here. But one reason behind the bid may be concern that Amazon is eyeing the prescription drug market. The St. Louis Post-Dispatch reported Amazon has approval to be a wholesale drug distributor in at least 12 states. Earlier this year, Amazon jumped into the grocery market, buying up Whole Foods. It also wants to drop packages inside your house.
All of this would be pie in the sky, except it seems to be working. The company announced way-better-than-expected quarterly sales numbers yesterday. So is Amazon finally poised for complete retail takeover?
According to Bloomberg e-commerce reporter Spencer Soper, it’s probably too early to say that. But the business marketplace, i.e., selling supplies to offices, dentists, doctors? That’s somewhere Amazon could make a lot of headway.
“Shoppers still like to go to the store,” Soper said. “Business people would really like to avoid having to run out to the store to buy things.”
To hear the full interview, click the media player above.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.