Amazon yesterday made its widely expected move into the prescription pharmacy business with its cash purchase - reportedly for about $1 billion - of start-up PillPack, which ships medications to customers in every state except Hawaii. Pending regulatory approvals, the deal is expected to close before the end of the year.
Amazon yesterday put out the word that it is seeking "hundreds of entrepreneurs" to put up as little as $10,000 to start and manage their own companies to exclusively deliver the company's packages as an "Amazon Delivery Service Partner." Amazon says it will "take an active role" in helping the wanna-be business owners set up shop - including training and providing discounts on necessary goods and services.
The ever-shrinking General Electric, which was removed Tuesday from the Dow Industrials index after 110 consecutive years on the index, has unveiled plans to shed both its healthcare business and the recently acquired Baker Hughes, which provides drilling services to oil and gas companies. It will focus exclusively on aviation, power and renewable energy going forward, with a streamlined management.
American Express can continue to insist that merchants who accept its cards do not prompt customers to use other credit cards - such as Visa and MasterCard - that take less of a cut out of the transaction, the U.S. Supreme Court ruled yesterday in Ohio et al v. American Express et al, agreeing with a 2016 ruling by U.S. Court of Appeals for the Second Circuit.
As the European Union and China warned in a joint media briefing in Beijing this morning that their escalating trade wars with the United States could lead to a global recession, multiple outlets are reporting that the Trump administration will announce tighter restrictions on Chinese investment in U.S. technology companies, as well as plans to block further exports to that country.
The Supreme Court yesterday decided that states have the right to force their residents to pay local sales taxes when they shop online, overturning two precedents that save small retailers from a lot of grief, leave billions of dollars in the collective pocket of consumers but, arguably, have helped to contribute to the demise of malls and small-town shops.
In the hours before President Donald Trump reversed his administration's decision to separate migrant children from their families at the southern border, American, United, Southwest, Alaska and Frontier airlines all issued statements asking the government to not use their planes to do so.
With the expectation of Amazon entering the Rx business, CVS Pharmacy yesterday announced it will deliver prescriptions to customers' homes in a day or two for $4.99. Consumers can either use the CVS Pharmacy app or phone the order in to their neighborhood pharmacy nationwide. The U.S. Postal Service will then deliver it.
Pointing to a Association of National Advertisers #SeeHer study that found that women and girls are inaccurately or negatively portrayed in 29% of ads and media programs and acknowledging that women are substantially underrepresented in key positions in advertising and marketing, Procter & Gamble yesterday announced a number of initiatives it expects will lead "to more accurate and positive portrayals of women."
McDonald's will replace plastic straws with paper ones in its 1,361 restaurants in the United Kingdom and Ireland starting this September and will also begin testing alternatives in the U.S., France, Sweden, Norway and Australia to what is reportedly the fifth most common form of trash picked up off coastlines worldwide.