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Enterprise Information Roundup, April 17

Medication

Amazon cuts

again drug plan

Rival drugstores and drug distributors rallied Monday after a report that Amazon.com had shelved plans to promote medication to hospitals and different companies.

The CNBC report stated little about whether or not Amazon would finally enter the broader retail prescription-drug market, however the concept that the web big won’t tackle one section of the provision chain was sufficient to ship shares of pharmacies and drug distributors surging.

CVS rose as a lot as eight.7 %, the largest intraday achieve since December 2011. Walgreens Boots Alliance Inc.

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