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Amazon sends medical stocks plummeting on report of new health care effort

“Last month, Amazon, JPMorgan (JPM) and Berkshire Hathaway (BRKA) announced a joint health care venture aimed at offering lower cost health care options for their employees” writes Brittany De Lea for foxbusiness.com. Shares of health care distributors and medical supply companies dropped on Tuesday, following the report.As previously reported by FOX Business, Amazon also has a massive customer review network that could eventually inform customers’ decisions on medical equipment.Amazon (AMZN) is focusing on becoming a major supplier of medical equipment to both hospital systems and outpatient health care clinics, the Wall Street Journal reported on Tuesday.
 
Source: foxbusiness.com



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