After tackling fashion, food and television, Amazon seems to be homing in on another market: prescription drugs.
The St. Louis Post-Dispatch reports Amazon has received approval for wholesale pharmacy licenses in at least 12 states. An expert told the paper the news "strengthens our conviction on [Amazon's] likely entry into the drug supply chain," but it's not yet clear how.
The pharmacy licenses vary by state, which could make the idea of selling prescription drugs a little complicated. But some people still speculate Amazon could partner with existing wholesale pharmacy companies or even install pharmacies in its newly acquired Whole Foods grocery stores.
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Amazon says these are just "rumors and speculation," butthe reports already caused the stock prices for both CVS and Walgreens to drop.
On the same day as the Post-Dispatch's report, the Wall Street Journal reported that CVS Health made a proposal to buy Aetna for up to around $66 billion.
