Amazon beat out Walmart in a deal for a small pharmacy startup — and it shows just how intense the rivalry’s gotten
Amazon threw the entire pharmacy industry into a tizzy last week when it announced its plans to acquire PillPack, a small startup that mails prescriptions to people who take multiple medications. Among the companies hit: chief rival Walmart, which lost about $3 billion in market cap after the deal was announced. Walmart had offered $700 million for PillPack, but dragged its feet over regulatory concerns, according to CNBC. Amazon...