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Walgreens, CVS, Rite-Aid lose value after Amazon buys online pharmacy PillPack

Shares of Walgreens Boots Alliance, CVS Health and Rite Aid plunge as investors worry a new deal by Amazon to acquire online pharmacy PillPack will disrupt the drugstore market. PillPack is licensed to ship prescriptions in 49 states and likely booked more than $100 million in revenue last year. The three pharmacy stocks collectively lost $11 billion in market value on Thursday alone.

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