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What Analysts Are Saying About the Amazon, Berkshire, JPMorgan Health Deal

Analysts see partnership as “noise” for health services firms
Announcement is “tailor-made” to spoil investor sentiment

Bloomberg business news — Amazon Health-Care Venture 'Brilliant,' Kirkpatrick Says

By

Bailey Lipschultz and

January 30, 2018, 3:35 PM UTCUpdated onJanuary 30, 2018, 6:22 PM UTC

Health-care stocks from Express Scripts Holding Co. to CVS Health Corp. were roiled by news that Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. were entering the space to aid their workers and cut costs. The “Amazon boogie-man” hit pharmacy benefit managers and insurers the hardest as the news spoiled investor sentiment. However, the group’s decision is “more bark than bite at this point,” Cantor Fitzgerald analyst Steven Halper wrote in a note.