business news in context, analysis with attitude

CNBC reports that “Amazon appears to have canceled a pharmaceutical wholesaler application in the state of Maine, analysts at RBC Capital Markets pointed out Tuesday, raising further questions about the tech giant's plans to enter the pharmacy space … The news that Amazon had acquired wholesale pharmacy licenses in multiple states, first reported in October by the St. Louis Post-Dispatch, heightened already intense speculation that the company planned to compete in prescription drugs. But experts soon pointed out that the licenses didn't enable Amazon to distribute prescription medicines; instead they supported existing medical products businesses.”

The cancellation of this application is leading some to believe that Amazon is less likely to get into the pharmacy business than was speculated.

CNN reports that “if you own a 2017 or 2018 model year Chevrolet, Buick, GMC or Cadillac, you might see a new icon on your vehicle's central computer screen … It’s labeled Marketplace. With a few pokes of your finger you can order food or drinks, or reserve a table at one of several restaurants that have teamed up with GM.” Among the companies that are part of the system are Starbucks, Dunkin’ Donuts, Applebee’s, Wingstop, TGI Fridays, Shell, ExxonMobil, and Priceline.
KC's View: