Advertisement
UK markets close in 7 hours 5 minutes

  • FTSE 100

    8,084.40
    +44.02 (+0.55%)
     

  • FTSE 250

    19,654.02
    -65.35 (-0.33%)
     

  • AIM

    754.21
    -0.48 (-0.06%)
     

  • GBP/EUR

    1.1666
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2509
    +0.0047 (+0.38%)
     

  • Bitcoin GBP

    51,225.33
    -2,004.59 (-3.77%)
     

  • CMC Crypto 200

    1,362.69
    -19.89 (-1.44%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    83.18
    +0.37 (+0.45%)
     

  • GOLD FUTURES

    2,338.80
    +0.40 (+0.02%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    18,016.64
    -72.06 (-0.40%)
     

  • CAC 40

    8,063.90
    -27.96 (-0.35%)
     
Property:

How to sell your home

Top tips from property investors

Amazon gains wholesale pharmacy licenses in many U.S. states: report

Reuters

(Reuters) - Amazon.com Inc (AMZN.O) has gained approval from a number of state pharmaceutical boards to become a wholesale distributor, St. Louis Post-Dispatch reported on Thursday, citing public records.

The news send the shares of U.S. pharmacy chains, drug wholesalers and pharmacy benefit manager Express Scripts (ESRX.O) down.

An Amazon spokesperson said it doesn't comment on rumours or speculation.

Earlier this month, a source-based report by CNBC said Amazon would decide before Thanksgiving whether to move into selling prescription drugs online.

The ecommerce giant is reported to be in talks with mid-market pharmacy benefit managers and has been hiring talent to assess the drug retailing market for its entry, brokerage firm Leerink had said.

(Reporting by Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)