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Shares Higher Pre-Market
Shares in US tech leader Amazon, famous for its online shopping, are trading a little higher pre-market on Friday. Amazon’s shares have been lifted by the news this week that the company has launched an online pharmacy in the US.
The news has come as a major blow to traditional pharmacies, given Amazon’s strong brand identity. The new feature is currently available in 45 states. It means that shoppers will now be able to do the vast majority of their shopping in one place without the need to use several online retailers.
The launch is well placed in light of the current COVID pandemic which has meant that many US consumers are struggling. This is due to the fact that many traditional pharmacies don’t offer options such as free delivery or drive-through collection.
The new Amazon feature also has the option for co-pays, non-insurance options and also has heavy discounts for amazon prime members.
Pandemic Profitability Boost
Amazon has seen its share price explod...
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