Amazon's same-day pharmacy services pose a threat to Walgreens, impacting stock value

From Nasdaq: 2024-10-13 11:09:00

Walgreens Boots Alliance (NASDAQ: WBA) has had a tough year with a 2/3 stock value drop due to reimbursement pressure, a poor acquisition, and cost-conscious consumers. Amazon (NASDAQ: AMZN) now poses a threat with same-day pharmacy services expanding rapidly, starting in 2020 and planned for 20 more cities by 2025.

Amazon’s same-day pharmacy delivery could impact Walgreens as the e-commerce giant aims to service half the U.S. by 2025. Walgreens faces drug reimbursement pressure but seeks a new cost-plus model. Meanwhile, the Federal Trade Commission (FTC) is suing big PBMs, with the government potentially forcing PBM reforms. Walgreens stock is trading cheaply, with potential for rebound amid challenges.

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Read more at Nasdaq: Walgreens: A New Risk Just Emerged for the Stock